The World's largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least four buyers in Asia, five sources said on Monday. The move followed a deal struck by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to keep production cuts of 9.7 million barrels per day, or 10% of pre-coronavirus world demand, until the end of July....
Jun.15 -- Fears and concerns over a second wave of coronavirus infections are growing in Beijing and threatening an economic recovery. A wholesale market has been shut and nearby housing districts are under lockdown after dozens of people tested positive for the virus. Also, a district-level official has been fired and others are under investigation over this outbreak. Bloomberg’s Sharon Chen reports on “Bloomberg Markets: Asia.”...
Jun.14 -- Atlanta has become the new focus of the nationwide U.S. racism protests after the city police chief resigned following the killing of a black man by a white officer. More than 3 dozen people were arrested after protesters set fire to the restaurant where the shooting happened. Bloomberg’s Jodi Schneider reports on “Bloomberg Markets: Asia.”...
Jun.14 -- Shen Jianguang, chief economist at JD Digits, discusses China’s industrial production data and his outlook for the economy. He speaks on “Bloomberg Markets: Asia.”...
Jun.14 -- Hong Kong seems to have avoided a wave of capital outflows that many feared after Beijing moved to impose a national security law on the city, but there is still growing anecdotal evidence that the city’s rich are increasingly hedging their bets by opening offshore bank accounts and applying for alternative passports. Bloomberg’s Eric Lam reports on “Bloomberg Markets: China Open.”...
