Bloomberg Markets
Supertankers laden with almost 80 million barrels of oil are sitting in the Persian Gulf and ready to cross the Strait of Hormuz at a moment’s notice, if traders and shipowners give the go-ahead.
Bloomberg Markets
Indonesia expanded its corruption probe into President Prabowo Subianto’s flagship, $15-billion free-meals program into foundations involved in the nationwide rollout of kitchens.
Yahoo Finance
Bloomberg Markets
Andy Burnham has won a historic contest for an open UK parliamentary seat, paving the way for the Greater Manchester mayor to challenge Prime Minister Keir Starmer for his job. (Source: Bloomberg)
Yahoo Finance
Bloomberg Markets
India’s state-run refiners have already secured enough crude for the next two months and are in no rush to resume purchases from the Middle East even if the Strait of Hormuz reopens to commercial traffic.
Bloomberg Markets
Shares of Indian software firms tumbled on Friday, joining a global selloff in tech stocks after Accenture Plc forecast slower revenue growth, deepening concerns over a sector that has shed nearly 30% of its market value this year.
Bloomberg Markets
A gauge of emerging-market equities touched a record high as shipping began to resume in the Strait of Hormuz, paving the way for lower global oil prices.
Financial Times
We should worry about what happens when regulatory arbitrage goes unchecked
NY Times Business
Tesla sales are rebounding in Europe even though many people have negative feelings about Elon Musk, the company’s chief executive. We want to know why.
Financial Times
Expectations of a Fed rate rise trigger reversal in emerging market and commodity currencies
Financial Times
Newly elected MP has made clear that he intends to challenge Keir Starmer — but the prime minister’s response will shape the timeline