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Asia

All articles tagged with #asia

markets3 hours ago

Oil Dips as Markets Digest Iran Tensions and AI Bets

Oil fell for the first time in six days after Trump signaled restraint toward Iran, while metals slid and Asian shares were mixed; US futures slipped on a rotation out of tech even as the Russell 2000 outpaced the S&P 500, and US data showed November retail sales rose with a modest uptick in wholesale inflation—keeping Fed-cut expectations in focus. Corporate moves highlighted OpenAI-Cerebras, Alphabet Gemini expansion, Infosys forecast lift, and Toyota’s privatization bid, underscoring a cautious, uneven global market backdrop.

world22 days ago

Russian Oil Delays Grow Amid Expanding Asian Tanker Backlogs

Russia's crude oil exports have increased to their highest in over two years, but delays in offloading at Chinese and Indian ports have caused a significant build-up of tankers at sea, with at least 20 vessels waiting to dock. Despite higher export volumes, falling prices and US sanctions targeting tanker movements have complicated the situation, leading to increased at-sea storage and potential covert transfers.