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China's Crude Imports in 2024: Russian Supplies Surge, Saudi Arabia Dips

China's crude oil imports from Russia rose by 1% in 2024 compared to 2023, while imports from Saudi Arabia declined by 9% as refiners favored discounted Russian supplies. The total import volume from Russia amounted to a record high of 108.5 million metric tons.

Indonesia Opens Domestic Carbon Market to Foreign Buyers

Indonesia's domestic carbon exchange opens trading to foreign participants, aiming to restore its position as a major hub for offsets and attract more investment for local climate action.

Bitcoin Surges to Over $109,000 Amid High Hopes for Trump's Crypto Presidency

Bitcoin surges past $109,000 as investors bet on President-elect Donald Trump's pro-cryptocurrency stance and potential actions, including a U.S. crypto stockpile, industry-friendly regulations, and appointing a crypto czar.

Bitcoin Soars to Over $109,000 on Eve of Trump Inauguration

Bitcoin Surges to Over $109,000 Ahead of Trump's Inauguration, Signaling Hopes for Crypto-Friendly Policies

Global Markets Rise Ahead of Trump Inauguration, Bitcoin Hits Record

European and U.S. stocks rise, dollar weakens ahead of Trump inauguration; Bitcoin surges to a record.

Stock Market Closed for Martin Luther King Day 2025

The US stock market (NYSE and Nasdaq) will be closed on Monday, January 20th, 2025, in observance of Martin Luther King, Jr. Day.

Bank of Japan Set to Raise Interest Rates

Bank of Japan set to raise interest rates for the first time since 2008, following signs of rising inflation and wage growth. Economists predict a hike to 0.5%, signaling a move away from ultra-loose monetary policy. The decision comes amid uncertainty over global markets due to U.S. President-elect Donald Trump's policies.

Asian Shares Rise as Talk Between Trump and Xi Sparks Hope for Easing US-China Tensions

Asian shares climbed after a conversation between Donald Trump and Xi Jinping raised hopes for easing US-China tensions. The stronger appetite for risk assets in Asia came after Trump and Xi discussed trade, TikTok, and fentanyl, which may set the tone for relations in the early days of the new administration.

Copper Market Prices in 50% Chance of 10% U.S. Tariff

Goldman Sachs estimates a 50% chance of a 10% copper tariff by end of Q1, 40% for oil, and 10% for gold.

Optus reportedly in talks to sell Optus Sport to Nine Entertainment

Optus, Australia's #2 telecom carrier, is looking to sell its sports streaming platform Optus Sport to media house Nine Entertainment, the Australian Financial Review reports.