Funding & Business
Oil Steadies as Industry Report Points to Gain in US Stockpiles
Oil steadied as traders weighed signs of swelling US crude stockpiles and the fallout from President Donald Trump’s tariff regime.
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In a remote part of China’s northwestern Xinjiang region, dozens of data centers rise from the desert. A Bloomberg analysis of documents and company filings found Chinese companies plan to buy more than 115,000 high-tech Nvidia chips – chips the US has banned from being exported to China – to power these centers. K. Oanh Ha discusses the story on Bloomberg Television. (Source: Bloomberg)
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New World Development Co. is seeking to divest real estate projects in mainland China after pulling off an $11 billion refinancing deal in June, according to people familiar with the matter.
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