Bloomberg Markets
Accountancy firms linked to the collapsed mortgage lender Market Financial Solutions Ltd. are being investigated by the UK’s audit watchdog.
Bloomberg Markets
Kuwait has shipped a cargo of liquefied petroleum gas out of the Persian Gulf through the Strait of Hormuz using a tanker it controls, as more producers opt for clandestine tactics to get energy to markets.
Bloomberg Markets
Robeco's Thu Ha Chow sees Indonesia’s out-of-cycle interest rate hike this week as reflecting policymakers’ willingness to address investor concerns. Speaking on The China Show, Chow added that while Indonesia is at the beginning of a turnaround story, it’s not quite there yet. (Source: Bloomberg)
Bloomberg Markets
The Japan Meteorological Agency says El Niño has formed across the Pacific, raising the threat of droughts, floods, and extreme temperatures worldwide. The climate phenomenon is the first since 2023 and could be one of the strongest on record. Bloomberg weather reporter Mary Hui explains what we can expect over the next few months. (Source: Bloomberg)
Bloomberg Markets
Wizz Air Holdings Plc said the Iran conflict shaved €50 million from earnings in its fiscal full year, almost wiping out profit in the period, while vowing to take advantage of market dislocations to push for growth.
Bloomberg Markets
University of Colorado Boulder Professor of Law and Laurence W. DeMuth Chair of Business Law Ann M. Lipton highlights how the SpaceX initial public offering structure limits investors' rights. Because of super voting shares, she notes that public shareholders have no votes, no sales, no suits. She speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
Bloomberg Markets
Bloomberg Markets
Equiti Group Chief Market Strategist Noureldeen Al Hammoury believes gold and energy hedges remain important because markets are underpricing the risk of a longer geopolitical inflation cycle. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
Bloomberg Markets
Shin-Etsu Chemical Co., one of Japan’s largest rare-earth magnet makers, plans to build a new domestic refinery, the latest attempt by a company outside China to diversify its supply chain.
Bloomberg Markets
Oil rose as the US completed a fresh set of strikes in Iran for a second day in a row, including military surveillance capabilities, communication systems, and air defense sites. Iran retaliated by attacking American airbases in Kuwait, Bahrain, and Jordan. William Roebuck, Executive Vice President at the Arab Gulf States Institute, & Former US Ambassador to Bahrain spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the recent reescalation.
(Source: Bloomberg)
Bloomberg Markets
As protests in Tirana extend into a second week, they have escalated from opposition to two €5 billion ($5.7 billion) planned resorts in ecologically sensitive areas linked to Jared Kushner into demands for the entire Albanian political establishment to step aside.
Bloomberg Markets
Asian central banks are increasingly facing currency pressures originating outside their borders.
Bloomberg Markets
Shares of Alibaba Group Holding Ltd. and JD.com Inc. slid in Hong Kong after China’s market watchdog reprimanded top Chinese e-commerce players for what it said were misleading sales promotions.
Bloomberg Markets
Hanuman Wind Power, a Hong Kong-based unit of troubled Thai renewable energy firm Energy Absolute Pcl, postponed a junk bond offering for a second time after it failed to attract the desired investor demand, according to a person familiar with the matter who asked not to be identified.
Bloomberg Markets
FGE NexantECA Chairman Emeritus Fereidun Fesharaki says "both sides are lying" as the conflict between the US and Iran continues, adding that oil prices are currently driven by sentiment rather than physical movements. He speaks on Insight With Haslinda Amin. (Source: Bloomberg)
Bloomberg Markets
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.
(Source: Bloomberg)
Bloomberg Markets
The European Central Bank is set to raise interest rates for the first time since 2023, judging it can no longer ignore the upswing in inflation caused by the Iran war.