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1 week ago | 
bloomberg.com | Serene Cheong |Chandra G. Asmara |Nicholas Lua
Motorists and cars queue at a PT Pertamina gas station in Jakarta, Indonesia, on Saturday, Dec. 7, 2024. Budget pressures are forcing governments across Southeast Asia to rethink fuel subsidies, risking political backlash and another inflation blow to their economies. Photographer: Dimas Ardian/Bloomberg(Bloomberg) -- Indonesian investigators have invited Singapore-based oil traders to meet in the city-state next week as part of a $12 billion corruption probe into state-owned oil firm PT Pertamina.
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1 week ago | 
financialpost.com | Nicholas Lua |Serene Cheong
Chinese plastics factories left without US raw material when trade relations collapsed earlier this year are holding back from returning to many of those suppliers despite a pause in hostilities, underscoring the difficulty in restoring commercial ties between the world’s two largest economies.
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1 week ago | 
bloomberg.com | Nicholas Lua |Serene Cheong
(Bloomberg) -- Chinese plastics factories left without US raw material when trade relations collapsed earlier this year are holding back from returning to many of those suppliers despite a pause in hostilities, underscoring the difficulty in restoring commercial ties between the world’s two largest economies. Beijing’s retaliation to President Donald Trump’s so-called reciprocal tariffs effectively made American energy sales to China unviable, including the propane used to make plastics.
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1 week ago | 
flipboard.com | Nicholas Lua |Serene Cheong
NowSweden-based car maker Volvo Cars says it will cut around 3,000 jobs as part of its cost-cutting measures. The firm says the layoffs will mainly impact office-based positions in Sweden, representing about 15% of its white collar workforce. Last month, Volvo Cars, which is owned by Chinese group Geely …
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2 weeks ago | 
financialpost.com | Nicholas Lua |Serene Cheong |Chandra G. Asmara
Article content(Bloomberg) — Indonesian authorities have contacted a number of Singapore-based trading companies to request their cooperation in a $12 billion corruption probe involving state-owned oil giant PT Pertamina. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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2 weeks ago | 
bloomberg.com | Nicholas Lua |Serene Cheong |Chandra G. Asmara
The PT Pertamina logo. Photographer: Dimas Ardian/Bloomberg(Bloomberg) -- Indonesian authorities have contacted a number of Singapore-based trading companies to request their cooperation in a $12 billion corruption probe involving state-owned oil giant PT Pertamina.
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2 weeks ago | 
flipboard.com | Nicholas Lua |Serene Cheong |Chandra G. Asmara
6 hours agoNvidia moving headquarters to Taiwan will help with company's China exports: AnalystRay Wang, principal analyst, founder and chairman at Constellation Research, discusses Nvidia CEO Jensen Huang's keynote address at Computex and the …3 hours agoBill Gates just updated his stock portfolioBill Gates is making strategic adjustments to his investment portfolio, signaling a continued shift away from longtime holdings and a cautious entry …
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2 weeks ago | 
sg.news.yahoo.com | Nicholas Lua |Serene Cheong |Chandra G. Asmara
The attorney general’s office in Jakarta confirmed that several Singapore-based companies had been summoned, but said no interviews had yet taken place. Indonesian authorities have contacted a number of Singapore-based trading companies to request their cooperation in a US$12 billion ($15.54 billion) corruption probe involving state-owned oil giant PT Pertamina.
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1 month ago | 
financialpost.com | Alex Longley |Nicholas Lua
Advertisement 1So far this year, the global benchmark has averaged close to US$73 a barrel, the lowest since 2021Article contentOil headed for its largest monthly decline since November 2021 on signs the U.S.-led trade war is hurting economic growth and energy demand at a time when the OPEC+ alliance has been loosening supply curbs. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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1 month ago | 
bloomberglinea.com | Nicholas Lua |Yongchang Chin |Gaby Oráa
Bloomberg — El mercado mundial del petróleo se encuentra en estos momentos en un territorio muy poco habitual, con unos precios de futuros que apuntan a una estrechez a corto plazo al tiempo que señalan un “superávit significativo” a más largo plazo, según Morgan Stanley (MS).
