AI Bias Analysis
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The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US refiner Marathon Petroleum Corp, adding to a wave of oil released to help tame surging prices stemming from the Iran war.
Source
Bloomberg Markets
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President Donald Trump said he will discuss US arms sales to Taiwan with Chinese leader Xi Jinping at a meeting this week, a move that risks undermining America’s longstanding support for the island. Bloomberg's Rebecca Choong-Wilkins reports. (Source: Bloomberg)
The U.S. and Chinese presidents are scheduled to gather in Beijing on Thursday and Friday amid a packed week of diplomatic meetings.
Modi’s call to curb fuel use suggests an imminent hike in pump prices, adding to inflationary pressure.
Shares of Japanese metals refiner JX Advanced Metals Corp. slid after the company unveiled a plan to issue ¥250 billion ($1.6 billion) of bonds that can be converted into stocks to fund share buybacks.
