China’s Flood of Plastic, Yellen Departs: Sunday Asia Briefing
Welcome to the new week.
Bloomberg Business
Pemex Says Blast Impacted 700,000 Barrels of Oil Output
Petroleos Mexicanos said it lost production capacity for about 700,000 barrels of oil, more than a third of its daily output, after a massive platform explosion on Friday that left at least two people dead.
Trump Criticizes DeSantis Over Yucca Mountain Votes in Nevada
Donald Trump criticized Ron DeSantis at a rally in Las Vegas over votes that his top Republican rival had cast in support of a federal plan to store the nation’s nuclear waste in Yucca Mountain, a contentious issue in the early primary state.
Australian Trade Minister Flies to Brussels for Free Trade Talks
Australia’s Trade Minister Don Farrell is traveling to Brussels for talks with European Union counterparts aimed at reaching a free trade accord.
A Glut of Made-in-China Plastic Will Dent Oil’s Growth Machine
Once touted as a key driver of global oil profits, the plastics industry is staring down years of anemic margins as giant plants in China look set to send a deluge of production into the market.
NYC, Swaths of Northeast on Alert for Heavy Rain, Flash Floods
A slow-moving storm system could pound the US northeast with more than 6 inches of rain starting Sunday, with areas including New York City on alert for flash flooding.
Amazon Countries Need More Power in Climate Debate, Lula Says
Countries that border the Amazon rainforest need to have a bigger voice in the international climate debate and greater representation on global environmental forums, Brazil’s President Luiz Inacio Lula da Silva said.
Blue-Chip Debt Problems Are Just Getting Started: Credit Weekly
The corporate bond market seems surprisingly blase about the risk of an economic downturn now.
How the Food System Is Changing and What It Means for Investors
Global shifts in incomes and populations, geopolitics and climate change are combining to drastically alter the outlook for the world’s food supply.
Bruised Bond Investors Face Long Road Beyond Fed’s July Decision
The bond-market selloff that sent some yields to the highest levels in more than a decade this week leaves investors straining to see past the Federal Reserve’s next move in July.
