Investors are ‘dramatically overestimating’ an oil glut, Carlyle’s Jeff Currie says
Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle.
‘Spook the West’: Turkey’s bid for BRICS both a strategic and symbolic step, analysts say
BRICS is seen by some as a symbolic counterweight to Western-led organizations like the EU, the G7 and even NATO.
China’s exports grow by 8.7% in August, beating expectations
China’s exports have been a bright spot in an economy otherwise struggling to boost domestic demand.
Japan nominates ex-currency diplomat Kanda to head Asian Development Bank
Japan’s Masato Kanda, former top currency diplomat, nominated to become next head of the Asian Development Bank, Finance Minister Suzuki said on Tuesday.
Cautious Chinese travelers are taking more last-minute trips as economy struggles
Chinese travelers are taking more last-minute trips as they become more cautious with spending amid lackluster economic recovery.
Dozens dead after Typhoon Yagi hammers Vietnam, causing floods, landslides
Typhoon Yagi, Asia’s most powerful storm this year, left dozens dead in northern Vietnam and caused widespread damage to infrastructure and factories.
Workers at Samsung India plant strike, partly hitting production
Hundreds of workers at a Samsung India plant began an indefinite strike Monday, demanding higher wages and partially affecting production, a union leader said.
CNBC Daily Open: Did Apple’s shiny new things uplift markets?
Maybe all it takes are shiny new things to lift our mood and take our minds off recession fears.
China begins anti-dumping probe into Canadian rapeseed
China will start one-year anti-dumping investigation into Canada rapeseed imports, weeks before Ottawa’s 100% tariffs on Chinese-made products come into force.
Asia-Pacific markets mixed as investors digest China trade data
China’s exports grew 8.7% year-on-year in August and imports grew 0.5%, compared to the forecast of 6.5% and 2% in a Reuters poll.
