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India’s services activity climbed to a four-month high in May, boosting economic growth, a flash survey by HSBC Holdings Plc. showed. from Bloomberg Markets https://ift.tt/OiT0KYG
China’s independent oil processors are on track to take the lowest volume of Russian ESPO crude in over three years as refining profits shrink and other grades are offered at cheaper prices. from Bloomberg Markets https://ift.tt/7WC264N
Singapore’s core inflation rate was unchanged in April from the prior month, giving the central bank room to wait and watch amid risks to economic growth from geopolitical tensions and diverging global monetary policy paths. from Bloomberg Markets https://ift.tt/NeQUTLf
Abu Dhabi-based technology investor Shorooq Partners reached the initial close of its second private credit fund with backing from regional and Korean investors, underscoring the growing ties between the United Arab Emirates and the Asian nation. from Bloomberg Markets https://ift.tt/YR6vMtN
Israel recalled its ambassadors to Ireland, Norway and Spain after they announced they would recognize a Palestinian state. The co-ordinated moves by the European nations underscores how Israel’s war against Hamas in Gaza is focusing global attention on the issue of statehood for Palestinians and hurting Israel’s relations with the rest of the world. Bloomberg…
Copper fell for a third day as Chinese factories balked at paying record prices, while hawkish comments from Federal Reserve officials also pressured base metals. from Bloomberg Markets https://ift.tt/i3HdREF
Egypt’s central bank will review interest rates for the first time since delivering its biggest—ever hike when authorities devalued the pound in March. Goldman Sachs Group Inc. is the lone outlier predicting a cut. from Bloomberg Markets https://ift.tt/X6QsNK9
Despite US-China tensions, Beijing is looking to woo American tourists to the mainland amid a push to boost its tourism sector. Here are the details from today’s China Brief. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/CpQzDdO
Annabelle Droulers in Hong Kong and Haidi Stroud-Watts in Sydney drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/ZCJsGkc