Latest News from Bloomberg
Bloomberg
37 minutes 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.
Bloomberg
41 minutes ago
- Business
- Bloomberg
Glencore Consolidates Global Coal Portfolio in Australian Entity
Mining and trading house Glencore Plc consolidated its global portfolio of coal and ferroalloy assets under one company registered in Australia, according to its annual report lodged with the country's regulator. Last December, Glencore moved the projects held by a subsidiary, Glencore SA Holdings Pty Ltd., to its Australian entity, 'effectively consolidating its global portfolio of operational coal assets' it said in the report, which was lodged with the Australian Securities and Investment Commission last month.
Bloomberg
an hour ago
- General
- Bloomberg
How China's One-Child Policy Led to a Wave of Forced Adoptions
One morning in the late 1990s while on a reporting trip in China, I went down for breakfast in my hotel, the White Swan. It was the swankiest in Guangzhou, the bustling capital of Guangdong province, and was usually jammed with foreign and Chinese businessmen. But when I stepped into the café, I seemed to have been teleported to a Howard Johnson's in Toledo, Ohio. Instead of besuited businessmen doing deals over eggs and congee, the room was packed with middle-aged Caucasian couples wearing New Balance sneakers and jeans. Even more surprising, many of them were carrying tiny Chinese babies.
Bloomberg
an hour ago
- Business
- Bloomberg
Gold Holds Gain as Fresh Trade Uncertainty Stokes Haven Demand
Gold recovered some heavy losses sustained earlier this week, as markets were once again rattled by uncertainties around US President Donald Trump's global tariffs agenda and the strength of the US economy. The precious metal traded near $3,314 an ounce, following a gain of nearly 1% on Thursday after a federal appeals court offered Trump a temporary reprieve from a ruling threatening to throw out the bulk of his tariff agenda. A weakening dollar also helped, driven by growing fiscal risks and renewed political pressure on the Federal Reserve to lower interest rates.
Bloomberg
2 hours ago
- Business
- Bloomberg
Logan Signals It May Be Quite Some Time Before Fed Adjusts Rates
Federal Reserve Bank of Dallas President Lorie Logan signaled it may take a while before officials know how the economy will respond to tariffs and other policy changes and thus how they should adjust interest rates. In prepared remarks for an event in Waco, Texas on Thursday, Logan outlined a variety of risks to the economic outlook.
