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“No matter the virtues of these policies, they could end up hurting other countries a lot more than they hurt American consumers, making the United States look like a winner.”

(Bloomberg) -- Carlos Slim, Latin America’s richest man, plowed $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn’t going away anytime soon.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Slim, 84, made his fortune largely by building the telecom behemoth America Movil SAB, but has diversified in recent years into other assets including the oil investments, real estate in Spain and a new

(Bloomberg) -- Canadians are less optimistic about the direction of their economy than they’ve been in more than a year, as Donald Trump’s tariff threats create uncertainty for one of the largest US trading partners. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on weekly polling, extended its declines to reach 49.08, the lowest level since November 2023. A reading below 50 indicates

The supply/demand outlook for oil increasingly points to downward pressure on oil prices next year, as does greater use of electric vehicles. The post Oil in 2025 increasingly looking like a buyer’s market appeared first on FreightWaves.

(Bloomberg) -- Over the last few years, the US economy has consistently defied expectations for a slowdown, and 2024 was no different. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Despite uncertainty around a presidential election, elevated interest rates and a cooling labor market, economic growth remained solid this year. The US is set to be the top performer among Group of Seven countries, according to International Monetary Fund projections. Still, the

(Bloomberg) -- Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec. 19, the government gazette showed. The younger Lims were both directors at the company. Leow Quek Shiong and Seah Roh Lin

(Bloomberg) -- Oil rose in thin end-of-year trading, with investors assessing the outlook for 2025 while tracking developments in the Middle East.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024West Texas Intermediate climbed 1.4% to settle near $71 a barrel, while Brent topped $74. A gauge of 10-day volatility for WTI ebbed to the lowest since July. In the Middle East, Israel struck targets in Yemen that it said were controlled by Houthis, including power sta