A South African government delegation received "firm commitments" from Chinese companies to help realize more than 100 gigawatts of new power capacity over the next decade. South Africa's Minister of Electricity & Energy, Kgosientsho Ramokgopa, spoke to Bloomberg's Jennifer Zabasajja on the investments they've received from this visit to Beijing.
Stephen Schork, principal and editor at The Schork Group, says refiners have virtually no ability to increase capacity and deliver more gasoline and diesel products and lower costs for consumers. President Donald Trump scolded ExxonMobil Holdings Corp. and Chevron Corp. Monday for making too much money as oil prices surged amid the war in Iran.
Federal Reserve Bank of Philadelphia President Anna Paulson said she will keep an open mind about the path for interest rates, writing in an essay on Tuesday that she is focusing on the trends of underlying inflation. Michael McKee reports on Bloomberg Television.
Cameron Dawson, CIO at NewEdge Wealth, discusses the turnaround in technology stocks as she sees room for Magnificent Seven stock valuations to move higher and give a lift to the overall tech sector and S&P 500.
President Donald Trump says his latest offer of talks is a "last chance" for Iran. Tehran denied negotiations with Washington but say talks with Oman to get more ships moving through the Strait of Hormuz is progressing well. William Roebuck, Executive Vice President of the Arab Gulf States Institute, and Former US Ambassador to Bahrain spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the likelihood of another deal between Iran and the US.
"We have not changed our conviction in the overall AI thesis," BlackRock Global Chief Investment Strategist Wei Li tells Bloomberg Television. She adds that risks of commoditization and capital capacity have risen in recent weeks. "We're not adding to our conviction, but we're staying overweight," she says.
Anna Edwards, Lizzy Burden and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV <GO>.
The joint US-Japanese intervention has shifted market focus to whether the Yen can strengthen beyond 155 per dollar, a threshold seen as a key test for the rally's staying power. Mathieu Savary, Chief Strategist & Head of FICC at BCA Research spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the FX action.
TerraCom (ASX:TER) appointed Richard Clarke as CFO and company secretary, bringing over 20 years of sector experience.
BP Chief Executive Officer Meg O'Neill discusses the company's decision to put its North Sea business up for sale. "We've had plenty of companies come knocking at our door, expressing interest in buying the asset," O'Neill tells Bloomberg Television.
BP Chief Executive Officer Meg O'Neill discusses the company's second-quarter results and says she is "really pleased with the strength of the underlying business." Speaking on Bloomberg Television, she adds the UK energy giant has more work to do on the portfolio. "We need to sharpen our capital discipline and make sure every dollar that we're spending is making an impact on the bottom line," O'Neill says.
Unresolved wage negotiations led union members to expand planned Port Hedland work stoppages for BHP (ASX:BHP) from eight to 48 hours.
