Good morning,
Did you know that South Korea exports more to the US now than it does to China?
Actually, it isn't alone. A lot of Asian countries, due to supply chain reshuffling and also geopolitics and industrial policies, are exporting now more to US than China.
Why is South Korea doing more trade with a country far away than a country next door?
China’s central bank purchased gold for its reserves for a 17th straight month in March, extending a buying spree that has helped the precious metal surge to a record. https://t.co/G2wj2YNeHy
Portugal’s debt ratio dropped to less than 100% of gross domestic product in 2023, one year earlier than the government had previously forecast https://t.co/J5ffrtpqlG via @joaomlima1
Hard to believe but the yield on the 10-year US government bond, a global benchmark, is back at the same level that it started 2023!
This at a time when the consensus expectations for US #growth is very different than a year ago; and there is greater sensitivity to bond issuance dynamic.
Yet another illustration of the power of market expectations for #FederalReserve policy.
#economy #markets #econtwitter
China sells more EVs than any other nation and could hit peak oil *even in 2023*.
So we set out - in an EV, natch - to find out what that end of the oil era looks like - on roads, in fuel stations & villages.
A road trip 🚗 for our @business Big Take👇
https://t.co/ITFEq4UcQf
Oil from Russia is being delivered to China and India after being secretly transferred between tankers off southern Greece.
@AlaricN spots one of the world's most notorious vessels in the Laconian Gulf. More on Bloomberg Investigates: https://t.co/krENqo6xjc