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Norway's wealth fund to close Shanghai office | Borneo Bulletin Online

OSLO (AFP) – Norway’s massive sovereign wealth fund, the world’s biggest, said yesterday it will close its representative office in Shanghai but the move will not affect its investments in China. The fund invested in around 850 Chinese companies worth about USD42 billion at the end of 2022. Its global portfolio is currently worth around […]

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BHP's Full-Year Profit Falls 37% as China's Metals Demand Wanes

(Bloomberg) BHP Group Ltd., the world’s biggest miner, missed analysts’ forecasts as its full-year profit slumped, with China’s struggling economy weighing on demand for iron ore and other commodities.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesTwelve months after p

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Rice Supply Faces New Threat as Thailand Urges Crop Curbs

(Bloomberg) Thailand has urged farmers to reduce their rice planting to save water following poor rainfall, a move that poses a fresh threat to global supply after India banned some shipments of the grain.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceTrump Indicted on Federal Charges in 2020 Election ProbeUS, Europe Growing Alarmed by C

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Inside S Korea's race to become one of the world's biggest arms dealers

Inside S Korea's race to become one of the world's biggest arms dealers
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Transcripts for BBCNEWS Asia Business Report 20240604 22:38:00

Do stay tuned, we will have further developments on that story later in the day. later today, we will find out whether the worlds biggest company is set to see another record when it reports its results for the first three months of this year. last year it made a bumper $161 in profits. the global energy crisis helped fuel the gains and an agreement with russia over production helped push aramco s earnings up, but what now given the return to some level of stability in the energy market? our middle east business correspondent sameer hashmi gave us his take. the first quarter earnings, which for the period of january the first quarter earnings, which for the period ofjanuary to the first quarter earnings, which for the period of january to march 2023. a record yearfor the for the period of january to march 2023. a record year for the company. $161 billion for the year, will this was primarily due to higher prices

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