Oil Declines as US Steps Up Efforts to Secure a Truce in Gaza
Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East.
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Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East.
There is modest yet mounting speculation in financial markets that China will need to take an extreme and highly controversial measure to support its moribund economy — devalue the yuan in a big-bang move.
Hajj pilgrims heading to Saudi Arabia in June will get a health boost under a Bill & Melinda Gates Foundation-supported disease control drive that’s part of a broader effort to eradicate polio.
The Redstone family and independent film producer David Ellison have both offered concessions to make a possible change in control at Paramount Global more appealing to the company’s other investors, according to a person familiar with the talks.
China’s sovereign bonds have once again dodged a rout in the global debt market, showcasing one of their frequently cited attractions for investors — a low correlation with their worldwide peers.
Gold steadied after a weekly drop as traders looked ahead to a US Federal Reserve meeting midweek at which policymakers are expected to reaffirm their stance for higher-for-longer interest rates.
After getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits.
Asian stocks climbed, tracking a rally in US markets after an inflation reading eased concerns of a more hawkish Federal Reserve.
New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may not be offered cover for specific risks, according to the Reserve Bank.
Scotland First Minister Humza Yousaf is preparing to quit on Monday after he decided he wouldn’t survive a confidence vote, The Sunday Times reported.
Japan’s oldest venture capital firm is closing in on a target to triple the value of its investment, a sign of resurgence in the country’s startup ecosystem.
Japan’s ruling party lost a special election Prime Minister Fumio Kishida had described in part as a judgment on himself, months ahead of a party leadership vote.
AIA Group Ltd. posted a 27% actual exchange rate jump in new business value in the first quarter, led by growth in Hong Kong and mainland China, while announcing an additional share buyback.
PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools, a senior executive at the firm said.
Treasury options traders are protecting against everything from multiple interest-rate cuts this year to a hike ahead of the US Federal Reserve meeting this week.
Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tons of carbon, making it tougher for companies using ocean freight to reduce pollution across their supply chains.
Australia is set for a wave of Bitcoin exchange-traded fund launches, following in the footsteps of the US and Hong Kong, as issuers like Van Eck Associates Corp. and BetaShares Holdings Pty line up for listings.
The yen has tumbled well past levels touted as red lines for Japan and at a pace that has traders asking when authorities might start buying the currency to support it — and why they haven’t done so already.
Australian Prime Minister Anthony Albanese faces a bumpy road to reelection with sticky inflation pushing back the timetable for interest-rate relief, raising the prospect of further financial stress for households about a year from the next ballot.
The worst may be over for the South Korean won on growing signs of central bank support and an upturn in exports, according to strategists.
Cleveland-Cliffs Inc., a major customer of Norfolk Southern Corp., has backed activist investor Ancora Holdings Group in its effort to overhaul the board of the railway company.
Donald Trump and Florida Governor Ron DeSantis met on Sunday to discuss the possibility of tapping DeSantis’ donor network, according to a person familiar with the matter.
When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.
US Secretary of State Antony Blinken will step up efforts to secure a truce in Gaza during meetings in the Middle East starting Monday, in what could be a final chance to persuade Israel to call off an attack on Rafah.
Rishi Sunak has spent 18 months as prime minister fending off internal Conservative Party criticism and rumors of plots to oust him. So far it’s come to nothing — though his team is taking nothing for granted this week.
Ukraine’s government said two servicemen on leave in Germany were fatally stabbed and a Russian suspect was arrested on murder charges.
Fed Chair Jerome Powell’s dovish December pivot saved the US from recession. Now, getting inflation back under control requires a hawkish reversal.
Once renowned as avid overseas tourists, the Japanese are staying closer to home these days.
Gold ambitions are top of mind as the world’s biggest precious-metals producers wrap up the latest earnings season. North America’s newest oil pipeline project is slated to start commercial production, redrawing the flow of crude around the world. And cocoa’s price swings have been the most extreme since 1977.
The US Treasury is set to keep its sales of long-term debt steady in a new plan this week, with the government expected to get relief soon from the Federal Reserve’s rapid run-down in its securities holdings.
L’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about $7 billion including debt.
Economic advisers in Donald Trump’s orbit are clashing over their favored policy ideas, a fight that is spilling into public view as they jockey for influence over the presumptive Republican presidential nominee’s second-term plans.
US senators dismissed House Speaker Mike Johnson’s suggestion to send the National Guard to college campuses to quell growing protests against the war in Gaza and US support for Israel.
Tesla Inc.’s Elon Musk made an unannounced trip to China on Sunday, seeking approval for driver-assistance software that could help arrest the carmaker’s revenue decline.
Pakistani Prime Minister Shehbaz Sharif pledged to stay the course on structural reforms suggested by the International Monetary Fund ahead of an IMF vote on a $1.1 billion loan tranche for his country.
France’s government has sent an offer letter to Atos SE proposing to take over parts of the company that the state considers to be strategic, Finance Minister Bruno Le Maire said on Sunday.
Monthly inflation in Argentina could fall below 10% in April, a sign that the government’s policies are working, President Javier Milei said Sunday in a phone interview with LN+.
Copper’s surge to $10,000 a ton just days after the bombshell news that BHP Group is trying to buy Anglo American Plc is highlighting a core disconnect at the heart of the industry: miners just aren’t building enough mines.
French President Emmanuel Macron raised the stakes in his call for a credible European defense by adding nuclear weapons to the discussion.
Fighting has become more heated along the front line in eastern Ukraine, with Russia exploiting its advantage over Kyiv’s forces along several axes, Ukraine’s top soldier said.
Blackstone Inc. is finalizing a revised offer to buy Hipgnosis Songs Fund Ltd. as the private equity firm looks to intensify a bidding contest for the London-listed music rights investor, Sky News reported.
As the working week came to an end in Frankfurt, it seemed Deutsche Bank AG’s Christian Sewing was on a roll. Thursday’s first-quarter earnings and an improving outlook for buybacks had sent the lender’s shares to the highest level since 2017, bolstering a perception that the firm had finally shaken off its scandal-prone past.
Robust global economic growth may offer equities enough support to resume a record-breaking rally, even if bets on Federal Reserve interest rate cuts this year are completely abandoned.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
New Yorkers looking to head to the beach towns of the Hamptons in luxury this summer will have a new bus to hop on.
The Manor Lords video game released this weekend by a small independent studio in Poland has sold more than a million copies, giving a timely boost to the country’s computer entertainment industry.
Jerome Powell’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Federal Reserve is willing to wait before cutting interest rates.
Germany is considering scaling back plans to tighten government screening of Chinese investments, the Wall Street Journal reported.
For decades, carry traders have borrowed US dollars at low interest rates and invested in higher-yielding emerging-market currencies. But that flow is now getting turned on its head.
Joe Biden’s allies are racing to blunt the presidential campaign of Robert F. Kennedy Jr., casting his third-party effort as a stalking-horse bid designed to boost Donald Trump’s chances — even as his wide-ranging policy positions make him a threat to both.
The debate for the Federal Reserve is beginning to shift from how many times to cut interest rates this year to whether to cut them at all in 2024.
(Bloomberg) -- Italian prime minister Giorgia Meloni has put her name forward for the European election, leading her party lists — a common move for Italian politicians who seek to bolster party results in mid-mandate elections.
French President Emmanuel Macron said he’s open to discussing nuclear weapons as part of the creation of a credible European defense.
Elliott Management Corp. has built a “large” stake in Sumitomo Corp., one of Warren Buffett’s favorite Japanese trading houses, according to a person familiar with the matter.
Poland is planning to cut the maximum electricity tariff that utilities can levy by 19% in order to reduce the costs of state subsidies and help shield households from the full impact of price increases.
Prime Minister Srettha Thavisin named capital markets veteran Pichai Chunhavajira as Thailand’s new finance minister in an appointment that may ease tensions between the premier and the central bank over monetary policy.
Saudi Arabia’s finance minister warned geopolitics may be the single biggest concern for the world economy that’s already facing slower growth and elevated interest rates.
The Philippines announced it will halt in-person classes at public schools, while Thai power demand rose to a record, as the heat wave gripping southern Asia continued to take its toll.
Dubai is proceeding with building a new passenger terminal at Al Maktoum International Airport in anticipation of a spike in visitors, after halting the project for years.
China International Capital Corp. is slashing onshore investment bankers’ base salary by as much as 25% to trim costs, according to Reuters.
Support for the far-right Alternative for Germany slipped two percentage points in a new poll for the European Parliament elections, suggesting allegations of links to Chinese intelligence are damaging the party.
Germany’s interior minister vowed to forge ahead with the dismantling of the nation’s militant “Reichsbürger” movement, a day before members of the group go to trial accused of planning to violently overthrow the government.
Chengdu, a major city in the southwest China, removed home-buying curbs, joining dozens of peers in the country in an attempt to revive real estate demand and boost economic growth.
The UK prime minister refused to pin down a date for a general election ahead of key regional votes this week viewed as a bellwether for the Conservative Party’s prospects.
China Vanke Co. made a rare response to Moody’s downgrade last week, citing support from financial institutions and its biggest shareholder.
Thailand’s power usage surged to a record on Saturday as temperatures soared across the country, prompting authorities to repeatedly issue health warnings amid a rising heat-related death toll.
Sanctioned Russian billionaire Andrey Guryev’s fallout with a friend over a stake in one of the world’s largest fertilizer producers has been laid bare in a London dispute that rakes over alleged deals struck after the fall of the Soviet Union and promises made over a beer.
Tesla Inc. Chief Executive Officer Elon Musk is traveling to meet senior Chinese officials in Beijing and discuss the roll-out of its full self-driving software in China, Reuters reported, citing two unidentified people with knowledge of the matter.
A strong tornado wreaked havoc through the city of Guangzhou, one of China’s biggest economic hubs, on Saturday, killing five people and injuring 33, according to a report by the official Xinhua News Agency.
US President Joe Biden poked fun at Donald Trump during the White House Correspondents’ Dinner on Saturday night, while seeking to portray his Republican rival as a threat to democracy six months before their rematch.
Australian Prime Minister Anthony Albanese is set to join weekend demonstrations protesting against domestic violence after a spate of murders.
Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024, further cementing to the US as the world’s biggest supplier of the super-chilled fuel.
A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia.
Australia has ramped up military aid for Ukraine, with A$100 million ($65 million) in new funding to go toward short-range air defense systems, drone development and other equipment needed in the nation’s war against Russia.
Erich Andersen, the US-based general counsel for TikTok and its Chinese parent company ByteDance Ltd., is stepping down from that role, the social media app said.
Secretary of State Antony Blinken will travel to Saudi Arabia Monday for his seventh Middle East trip since Hamas attacked Israel on Oct. 7, setting off a war in Gaza that has claimed tens of thousands of lives and threatened to widen into a regional conflict.
Hamas released a video Saturday showing two hostages alive as it studied Israel’s latest proposal for a ceasefire, in an apparent bid to increase pressure on Prime Minister Benjamin Netanyahu to call off a major offensive that would deepen the war in Gaza.
Billionaires who built their fortunes rolling out wireless networks when debt cost almost nothing are seeing their wealth crimped by higher borrowing costs and caution among money managers on the outlook for the industry.
Conservative Member of Parliament Dan Poulter is defecting to Labour, the Observer reported, citing an interview with the former health minister.
Biden’s campaign is making an unprecedented effort to court influencers, even though he signed a bill that could lead to TikTok vanishing in the US.
Concerns that asylum seekers are relocating from the UK to the Republic of Ireland show that the British government’s plan for deportations to Rwanda is already acting as a deterrent to illegal immigration, Prime Minister Rishi Sunak said.
Ukraine sustained a heavy Russian missile barrage overnight aimed at gas infrastructure and other targets, while striking back a Russian oil refinery with drones.
Sierra Leone said it settled part of a bill owed to Karpowership to restore power to the capital after weeks of electricity cuts.
The Italian government is planning to invest around €10 billion in the semiconductor industry throughout the year, news agency Ansa reported, citing Industry Minister Adolfo Urso.
Investors looking for a unique way into the stock market’s artificial intelligence boom are finding an intriguing bank shot in what’s traditionally the most boring corner of the equities universe: utilities.
BHP Group is considering making an improved proposal for Anglo American PLC after its $39 billion initial offer was rejected by the London-listed miner, according to people familiar with the matter.
Above and beyond the obvious damage, wildfires levied a hidden cost on the finance industry: Mortgage lenders and investors lost more than $30 billion between 2020 and 2022, due to both accelerated defaults and prepayments following disastrous blazes.
Mercedes-Benz Group AG said the US Department of Justice has ended a probe related to exhaust emissions and won’t file charges against the German carmaker.
Thousands of Spanish Socialist supporters took to the streets of Madrid and urged Prime Minister Pedro Sanchez to stay in the job after he said he needed to think about his future.
Kenyan President William Ruto hailed Zimbabwe’s gold-backed currency as a potential driver of economic recovery in the southern African nation.
A party backed by former South African President Jacob Zuma has expelled five members for what it termed as attempts to destabilize the party, News24 reported.
Genting Malaysia Bhd. said it wasn’t involved in talks about opening a casino in the Forest City development in the Malaysian state of Johor, the New Straits Times reported, citing a statement from the company.
Alphabet Inc.’s Google asked a judge to toss the Justice Department’s lawsuit accusing it of monopolizing the technology used to buy and sell online advertising, arguing that the agency fabricated a market for the litigation but still failed to show that the tech giant controls at least 70% of it.
Russia has extended mandatory FX sales for major exporters by one year, a decision the government said will help to maintain a stable ruble.
A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs.
CEO Mike Henry is unlikely to drop his pursuit despite initial rejection by Anglo.
If you want to understand why the two largest US oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re extracting from the two hottest oil fields on the planet.
With the quarterly reporting season roughly half over, US corporate earnings have largely lived up to Wall Street’s optimistic expectations even as macroeconomic headwinds linger.
ICICI Bank Ltd. reported profits that surpassed analyst expectations as demand for retail loans continues to be strong in the world’s most populous nation.
Iran will release the personnel of a Portuguese-flagged container ship that it seized this month after discussions between officials from the two countries, Fars news agency reported, citing the Iranian foreign minister.