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Bloomberg US sanctions on Iran are not only reverberating through the oil world, but also the agricultural market in Latin America. At least two Iranian vessels set to carry Brazilian corn are stranded off the Latin American nation’s coast because they can’t get fuel, according to the port authority at Paranagua, about 450 kilometres south of Sao Paulo. State-controlled oil ...

Bloomberg Taiwan’s election will be an opportunity for voters to choose cross-strait peace or crisis, said Kaohsiung City Mayor Han Kuo-yu, who was nominated as the presidential nominee by the opposition Kuomintang party at the national congress on Sunday. Han, whose campaign slogan is “Taiwan safe, people rich,” was selected to challenge incumbent Tsai Ing-wen in the presidential poll in ...

Bloomberg Hong Kong demonstrators and police clashed for a second straight day as the city’s China-backed government struggles to quell growing discontent and amid violent clashes that have marred the historic movement in recent weeks. Police fired volleys of tear gas at hundreds of black-shirted protesters on Sunday in Sai Ying Pun, a residential and business area where the Chinese ...

“They call him Britain Trump!” Such was the US president’s ungrammatical reaction to Boris Johnson’s nomination as the UK’s new prime minister. “They like me over there…He’ll get it done.” If “it” means channelling the fire and the fury of Trump’s hostile rhetoric, without really guaranteeing much in the way of concrete results, this analysis is eerily accurate. What it ...

Supply-chain finance is the secret sauce behind Citigroup Inc.’s mid-20percent return on equity from transaction banking. That might sound counterintuitive, especially in Asia. The export-led region is facing the brunt of supply dislocations as the US-China trade war intensifies. But the skirmish isn’t a showstopper for financing. As production moves from one country to another, transactions that need to be ...

You’ve got to feel for the world’s biggest suppliers of DRAM (dynamic random-access memory).Makers of these chips, which temporarily store information in PCs, smartphones and services, endured years of boom-bust profit swings and bruising competition long before the trade war began. The sector finally consolidated into just three companies holding 95percent of global supply of DRAM. And yet earnings stability ...

For all the anxiety about America’s retreat from the world, a vital US institution is becoming more global than ever. While the Federal Reserve’s impulse to juice the economy is laudable, it’s worth asking whether this mission creep is sustainable. Or even desirable, over a long horizon. The Fed, whose policymakers meet this week to set interest rates, lacks a ...

President Donald Trump likes to brag that he’s bringing manufacturing back to the US. And indeed, with global trade slowing, the planet-spanning supply chains that have symbolised modern economic globalisation do appear to be contracting. But don’t be too quick to dismiss the idea of “borderless” production as a 1990s fluke. Even if their reach is more limited than before, ...

If you’re looking for a metaphor for how politics has swamped decision-making at Nissan Motor Co., look no further than reported plans to restructure its cratering global business. Nissan doubled its planned job losses to 12,500 and unveiled new production cuts after reporting a 99 percent plunge in fiscal first-quarter operating profit. The Japanese carmaker is considering reducing production in ...

Tesla Inc.’s earnings calls have lately taken on the trappings of office going-away parties. Just before the Q&A portion of the second-quarter call, CEO Elon Musk announced that JB Straubel, the company’s veteran chief technology officer, would step down to become a senior advisor. This was at least said up front, as opposed to the by-the-way announcement of the CFO’s ...