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Chevron Plans Increased Venezuelan Oil Exports as US Concerns Ease

Chevron plans to boost oil exports from Venezuela to a seven-year high after the US eases concerns of increased trade restrictions. This move comes as Venezuela's oil industry slowly recovers, benefiting President Nicolas Maduro. Chevron's operations are limited by sanctions but have been bolstered by securing electricity supply and replacing equipment.

Xiaomi EV Success Drives Stock Surge in Hong Kong

Xiaomi's Hong Kong-listed stock has surged 31% this year and 255% over the past 12 months, as investors plug into its ambitious EV plans.

Leveraged Loan Demand Soars, Pushing Prices Higher

Demand for leveraged loans is soaring, with prices rising as investors seek a hedge against inflation and flock to loans funded by Elon Musk's X Holdings buyout. As original issue discounts disappear, competition for discounted loans intensifies, leaving investors hungry for any alpha.

Vale to invest $12.26 billion in Carajas complex through 2030

Brazilian mining giant Vale plans to invest $12.26B in its Carajas complex by 2030 as part of its 'New Carajas' expansion strategy.

GameStop Considers Crypto Investment Following CEO's Bitcoin Hint

GameStop shares rise on rumors of cryptocurrency investment, sparked by CEO's social media post.

US Stock Market Surges After Trump-Putin Call About Ukraine War

Russian stock market surges after Trump-Putin call on Ukraine war, signaling potential shift in US-Russia relations and raising concerns in Europe.

Boeing 737 MAX Jolt In 2023 Seen By Safran

Safran CEO Olivier Andries expects Boeing to reach 737 MAX production milestones this year.

The Eggflation Conundrum: How Soaring Egg Prices Are Complicating the Fed's Inflation Fight

Egg prices are soaring due to avian flu, raising concerns about inflation expectations and the Fed's monetary policy.

Oil Gains as Treasury Official Backs Iran Oil Export Cuts

Oil rises as US remains committed to cutting Iranian exports, with Brent futures up 1.1% in London.

Tightened US Sanctions Shake Global Oil Trade

US sanctions on Russia have disrupted discounted oil trade to China and India, boosting demand for Middle Eastern and African crudes, and driving up oil prices. Alternative suppliers like Brazil and Kazakhstan gain market share as Russian crude trade slows, impacting shipping markets and refinery operations.