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The Samsung Electronics Co. semiconductor plant in Pyeongtaek, South Korea. Photographer: SeongJoon Cho/Bloomberg
Traffic levels in the Strait of Hormuz fell back from Wednesday's high, but vessels continued to use a non-Iranian-approved passage despite a ship being struck by a projectile, tracking platforms showed Friday. At least 42 commodity vessels -- including tankers carrying oil, gas, and dry bulk such as fertilisers -- crossed on Thursday, Kpler's tracking platform showed, down from a high of 57 on Wednesday. Ten of those vessels entered the Gulf, while 32 exited. Half of the 42 vessels used a southern passageway hugging the coast of Oman
Sellers of Iranian crude to China have slashed prices after the Islamic Republic started shipping out millions of barrels following the interim peace deal that with the US
The pre-eminent economic policymaker of his time and a skilled political operator, his market-friendly stances would later come to be associated with destructive financial forces
Venezuela declares a state of emergency after powerful twin quakes cause widespread damage and rescue efforts
BAGHDAD, June 25 (Reuters) - Iraq will be compelled to consider all available options if its OPEC quota is not significantly increased, a senior Iraqi oil ministry official told Reuters on Thursday. Separate sources told Reuters Iraqi officials had considered leaving OPEC, but the current plan was to remain a member and seek a higher quota. The prospect of Iraq considering an exit from OPEC would be a further blow to the group after the departure of the United Arab Emirates this year. Iraq is one of five founding members and the group was formed in the Iraqi capital
US equity futures waver and oil dips as Iran cites "major progress" in peace talks with the US. The pound falls against major currencies as UK Prime Minister Keir Starmer announces his resignation. Monica Defend of Amundi Investment Institute looks ahead to a busy week of economic data. (Source: Bloomberg)
Any Group of Seven talks on currency valuations need to include China, according to European Central Bank President Christine Lagarde
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Central bank says it will stop reducing level of monthly bond purchases from next year
After Andy Burnham took a giant leap toward becoming the UK’s next prime minister, focus is turning to how the team he’s assembling could shape the country’s economic policies