China Recovery Not Expected Over Short Term

Aug. 1 (Bloomberg) -- Kelvin Tay, the Singapore-based chief investment officer for the southern Asia-Pacific region at UBS AG’s wealth management unit, talks about China's economic growth. Tay also discusses Federal Reserve monetary policy and it potential implications for financial markets. He speaks with John Dawson on Bloomberg Television's "On the Move." (Source: Bloomberg)
Statoil and BP Release Reports amid Oil Declines
55:31 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
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