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  • Feb 12, 2025

Oil Surplus Shrinks Again on Sanctions and Demand, IEA Says

(Bloomberg) -- The International Energy Agency once again slashed expectations for a global oil surplus this year amid stronger demand growth in Asia and sanctions on OPEC+ nations.The agency now sees an overhang of 450,000 barrels a day in 2025, marking a cut of roughly 50% in just two months. It bolstered forecasts for world oil consumption this year by just under 100,000 barrels a day, to 1.1 million per day, and cut projections for output from OPEC+ nations including Russia and Iran as the U

  • Feb 12, 2025

Chinese Tech Stocks Slide as Strong Rally Spurs Profit Taking

(Bloomberg) -- Chinese technology stocks fell as traders took some money off the table following a rally driven by optimism over the country’s artificial intelligence potential.The Hang Seng Tech Index ended Thursday 0.9% lower, reversing an earlier advance that briefly saw the gauge reach a three-year high. The index pushed lower as shares of Alibaba Group Holding Ltd — the latest AI darling — trimmed gains to just 2.6%. Thursday’s setback may do little to dent insatiable demand for the sector,

  • Feb 12, 2025

India’s Consumption Pivot to Hurt Smaller Stocks, BofA Says

(Bloomberg) -- India’s small and mid-cap stocks are likely to decline for the first time in three years in 2025 as the government scales back spending in favor of tax breaks to boost consumption, according to a Bank of America Corp. strategist.This segment, dominated by infrastructure-related firms, beat the broader stock market handily in the past two years. The rally has already started to fizzle as Prime Minister Narendra Modi’s administration shifts its focus from investment-driven growth to

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