News
Oil prices rose as much as 2% on hopes of China’s reopening and as OPEC+ maintains output cut targets
Oil prices climbed as much as 2% on Monday after China signaled a broader relaxation of Covid curbs, OPEC+ announced its decision not to change oil production targets, and a price cap on Russian oil took effect.
Southeast Asian markets are in for a ‘bungee jump’ in 2023, says JPMorgan
Southeast Asia’s markets will move in a way similar to that of a “bungee jump” in 2023, plunging before surging in the second half of the year, according to JPMorgan analysts.
Thai rate hikes to be gradual and measured - c.bank minutes
BANGKOK, Dec 14 (Reuters) - Thailand's rate committee raised its key interest rate late last month and said further monetary tightening will be gradual and measured, but can be adjusted if necessary, minutes of the meeting showed on Wednesday.
EU sanctions, Russian oil price cap cause tanker bottleneck as crude moves through Turkey
New Turkish insurance rules on oil tankers carrying Russian crude continue to slow down the movement of tankers off the coast of Turkey and between Russia’s Black Sea ports and the Mediterranean.
U.S. manufacturing orders from China down 40% in unrelenting demand collapse
U.S. logistic managers are bracing for delays in the delivery of goods from China in early January as a result of canceled sailings of container ships and rollovers of exports by ocean carriers.
U.S. manufacturing sector contracts in November - ISM
WASHINGTON, Dec 1 (Reuters) - U.S. manufacturing activity contracted for the first time in 2-1/2 years in November as higher borrowing costs weighed on demand for goods, but a measure of prices paid by factories for inputs fell for a second straight month
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