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Oil Tankers Going Dark Off Malaysia as Iran Trade Draws Scrutiny
Oil Tankers Going Dark Off Malaysia as Iran Trade Draws Scrutiny

Bloomberg

time2 days ago

  • Business
  • Bloomberg

Oil Tankers Going Dark Off Malaysia as Iran Trade Draws Scrutiny

Tankers involved in a vital hub of the Iran-to-China oil trade are disappearing from digital tracking systems, as the threat of US sanctions forces tactical changes to keep crude flowing. Over recent months, more vessels have started switching off their transponders as they near waters off eastern Malaysia, a hotspot for the transfer of Iranian oil from one to ship to another for transport to China. Previously, systems were rarely disabled, signaling when tankers anchored next to each other.

US ‘gold card' fails to lure rich Chinese, Shenzhen exports decline: SCMP daily highlights
US ‘gold card' fails to lure rich Chinese, Shenzhen exports decline: SCMP daily highlights

South China Morning Post

time23-05-2025

  • Business
  • South China Morning Post

US ‘gold card' fails to lure rich Chinese, Shenzhen exports decline: SCMP daily highlights

Catch up on some of SCMP's biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing Three months after he first floated the idea, Trump's gold card scheme appears to have fallen flat with China's wealthy, who were expected to be one of the biggest sources of demand for the controversial new visa. China's top exporting city saw its levels fall in April despite stronger-than-expected national growth, suggesting traders are not yet out of the woods amid tumultuous tariff tensions with the US. China has long been a key export market for US farmers, with America exporting more than US$12.8 billion of soybeans to the country last year. Photo: AP China's imports of American soybeans and pork plunged to zero in early May and have yet to recover despite the US-China tariff truce, suggesting the trade war may have done lasting damage to a key US export trade.

Week Ahead for FX, Bonds: PMI Data in Focus as Investors Gauge Impact of Tariffs on Economy
Week Ahead for FX, Bonds: PMI Data in Focus as Investors Gauge Impact of Tariffs on Economy

Wall Street Journal

time18-05-2025

  • Business
  • Wall Street Journal

Week Ahead for FX, Bonds: PMI Data in Focus as Investors Gauge Impact of Tariffs on Economy

Below are the most important global events likely to affect FX and bond markets in the week starting May 19. As markets calm after the U.S. and China agreed to slash tariffs for a period of 90 days, focus is set to switch to how tariffs and the uncertainty surrounding them are affecting the global economy. U.S. purchasing managers' index on manufacturing and services activity in May will be closely watched, alongside similar figures from the eurozone and the U.K.

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