UAE Quits OPEC as War Upends Oil Markets, TDK Earnings

The United Arab Emirates will leave OPEC next month, in a significant blow to the group that raises questions about its future at a time when the industry is grappling with the massive supply disruption caused by the Iran war. We heard from Hartmut Issel, UBS Wealth Management Head of APAC Equities and Credit speaking to Bloomberg's Shery Ahn and Haidi Stroud-Watts And - Japanese electronic components maker TDK posted 4th quarter sales and operating profit that beat consensus, but the full year outlook fell short of the average analyst estimate. TDK CEO Noburo Saito spoke to Bloomberg's Shery Ahn.See omnystudio.com/listener for privacy information.