Fame king Sheeraz Hasan unveils Hollywood.ai and Bollywood.ai at Token2049 in Singapore
Benchmark oil for July delivery was down $1.37 to $92.91 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract declined $1.90 to close at $94.28 a barrel on Wednesday.
HSBC Corp. said a preliminary version of its monthly purchasing managers’ index fell to 49.6 for May from 50.4 in April. Numbers below 50 indicate contraction. Oil prices fell because a downturn in energy-hungry China would likely lead to a decline in crude demand.
“I think the economic slowdown in Europe, the U.S. and Japan is finally hurting China,” said Francis Lun, chief economist at GE Oriental Financial Group in Hong Kong. “It confirms a pattern since the beginning of the year of a slow decline in the manufacturing sector.”
Stock markets in Asia fell sharply and Japan’s Nikkei 225 plunged more than 7 percent as a spike higher in government bond yields and the Chinese data sparked a correction that traders said was inevitable given the benchmark’s remarkable 50 percent gain this year before Thursday’s plunge.
Brent crude, a benchmark for many international oil varieties, dropped $1.25 to $101.35 a barrel on the ICE Futures exchange in London.
Fame king Sheeraz Hasan unveils Hollywood.ai and Bollywood.ai at Token2049 in Singapore
The issue has become one of the most contentious in Canadian politics with a federal election due no later than October, 2025
The Ukrainian was "upset" when his travelling companion was denied boarding for disruptive behaviour
Malaysia wants to leverage Dubai’s geographical advantage as a strategic springboard
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
The group accused Israel, which has so far refused to comment, as US denies involvement