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The UAE leaving Opec is seen as a major blow and potential death knell for the oil cartel.
Experts says Claire's suffered from a perfect storm of issues which has spelled the end for the accessories chain.
Move underlines long-running frustrations with group over production quotas
The Conference Board’s gauge of US consumer confidence increased to 92.8, from 92.2 in March, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 89. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month. Saudi oil giant Aramco is widely expected to announce in early May a reduction of the OSP of the flagship Arab Light crude by between $5 and $12 per barrel compared to the Oman/Dubai average, off which Middle Eastern producers price their crude going to Asia, a Reuters survey of industry sources showed on Tuesday.…
Columbia University is planning to tap the bond market next month for capital projects.
Compass Gas e Energia SA is seeking to raise as much as 3.1 billion reais ($622 million) in what would be the first initial public offering in Brazilian stock markets in almost five years.
President Donald Trump posted on Truth Social Tuesday that Iran had "informed" his administration it was in a "state of collapse" and urgently wanted the Strait of Hormuz reopened. "Iran has just informed us that they are in a 'State of Collapse.' They want us to 'Open the Hormuz Strait,' as soon as possible, as they try to figure out their leadership situation (Which I believe they will be able to do!)," Trump wrote. He did not say who in or from Iran conveyed the message or what exactly it entailed, and Iran's own messaging told a different…
Russian President Vladimir Putin voiced strong support for Tehran in its conflict with the United States and Israel as he greeted Iranian Foreign Minister Abbas Araqchi for talks in St. Petersburg on April 27. Meeting nearly two months after US and Israeli air strikes on Iran started a war that sent shock waves around the world, both Putin and Araqchi underlined the strength of ties between their countries. "We see how bravely and heroically the Iranian people are fighting for their independence, for their sovereignty," Putin said after meeting…
The US president’s war in Iran has worsened America’s affordability crisis
In leaked remarks, Christian Turner also says it is ‘extraordinary’ that Epstein scandal has not affected sex offender’s US associates
Asia's LNG imports slumped in March to the lowest level in seven years for the month as the closed Strait of Hormuz trapped the supply and Qatar declared force majeure following Iranian missile strikes on its LNG infrastructure. Asian imports of liquefied natural gas dropped by 4.3% from a year earlier to 21.12 million tons in March 2026, the April monthly gas market report by the Gas Exporting Countries Forum (GCEF) showed. This was the lowest level for March since 2019, driven by the reduced LNG supply from Qatar and the United Arab Emirates…
Global commodity prices are set to increase this year to the highest since 2022 as the war in Iran continues to disrupt key industrial supplies like oil and metals, the World Bank Group said.
The United Arab Emirates will leave OPEC and its wider alliance on May 1 as the global oil industry grapples with the massive supply disruption caused by the Iran war. Alaric Nightingale reports on Bloomberg Television. (Source: Bloomberg)
Surprised by the US stock market’s resilience during the Iran war? Don’t be. Bloomberg Opinion columnist Nir Kaissar explains why. (Source: Bloomberg)
JetBlue Airways Corp. reported a larger than expected first-quarter loss on higher fuel costs and volatile demand. The carrier said it plans to recapture 30%-40% of fuel costs in the second quarter. Tom Fitzgerald of TD Cowen examines the results on “Bloomberg Surveillance.” (Source: Bloomberg)
Barclays Plc hopes to get back much of the £500 million ($674 million) it lent to Market Financial Solutions Ltd. even as insolvency officials overseeing the now-collapsed mortgage lender remain uncertain on how much can be recovered.
US corporate bonds linked to data-center firms fell Tuesday after the Wall Street Journal reported that OpenAI recently failed to meet its own goals for new user acquisition and sales, fueling internal concerns that the company may struggle to support its spending on artificial intelligence infrastructure.
Opposition is building and locations are shrinking.
Brent crude rises after White House reiterates ‘red lines’ in negotiations with Tehran
The energy giant said it had seen an "exceptional" performance at its oil trading business.
The United Arab Emirates is leaving OPEC and OPEC+, effective May 1, the country's state news agency WAM confirmed Tuesday, ending nearly six decades of membership and stripping the cartel of its third-largest producer in one of the most consequential exits in OPEC's history. The announcement landed in the middle of an already fragile market. The Iran War is in its ninth week, the Strait of Hormuz remains effectively shut, and crude has been trading well above $110. [GooglePreferredSource] For Abu Dhabi, the move has been a long time coming. The…
Frédérique Carrier, Head of Investment Strategy for UK and Asia at RBC Wealth Management, discussed the recent hawkish stance of the Bank of Japan and contrasted it with expectations for the European Central Bank and the Bank of England. While the Bank of Japan appears to be responding to inflationary pressures more aggressively, both the ECB and BoE are expected to hold rates steady in their upcoming meetings. (Source: Bloomberg)
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