Iron Ore Edges Lower as China’s Steel Demand Remains Weak
Iron ore edged lower as investors weighed weak steel demand in China along with the re-opening of a key export port in Australia.
Bloomberg Business
Ashmore Clients Pull $1.1 Billion in Seventh Consecutive Quarter of Outflows
Ashmore Group Plc recorded its seventh straight quarter of outflows as the emerging markets specialist struggles to contain a client exodus that has cost it tens of billions of dollars in assets.
King Dollar Isn’t Dethroned Yet, But There’s a Trade to Make Now
It might take decades before King Dollar truly loses its crown, but markets have a trade to make in the meantime.
South Korea Signals Do Kwon Retained Law Firm Before Terra Collapse That Roiled Crypto
South Korean prosecutors indicated fallen crypto entrepreneur Do Kwon sent funds to a local law firm just before tokens he created suffered a $60 billion wipeout that shook the digital-asset sector.
US, UK Urge Sudan Generals to End Fighting, Return to Talks
The US and UK urged a return to negotiations in Sudan, after violence between rival Sudanese military factions killed more than 60 people and injured hundreds in the past few days.
Lithium in China May Be Bottoming as Low Margins Hit Producers
The sharp decline in China’s lithium market is showing signs of bottoming out.
Australia Says No Single Power Should Dominate Indo-Pacific
Indo-Pacific nations oppose having their future “dictated by a single major power,” Australian Foreign Minister Penny Wong said, as the region faces an intensifying struggle for influence between the US and China.
ECB’s Nagel Expects Core Inflation to Slow Before Summer Break
Underlying inflation that strips out volatile items like food and energy will likely slow this summer, according to European Central Bank Governing Council member Joachim Nagel.
Infosys Slumps Most in Three Years on Weak Guidance, Broker Cuts
Infosys Ltd. nosedived 15% Monday, the biggest intraday slump since October 2019, after the company’s guidance painted a negative outlook for India’s technology sector following turmoil at US and European banks.
Bomb Targeting Japan PM Muddles Timing of Election, BOJ Move
Japanese Prime Minister Fumio Kishida’s political fortunes had been improving of late. This weekend’s assassination attempt may change that, depending on the motivation of his bomb-wielding attacker.
