Aggregated from 40+ premium financial sources. Click any article to read and translate on Stonkistan.
Higher government spending is still worrying investors.
Higher petrol prices were offset by slower price rises for meat, dairy and vegetables, according to the ONS.
UK Prime Minister Keir Starmer raised expectations that Britain has resolved a trade impasse with India, when he and Indian Prime Minister Narendra Modi were caught on a microphone at the G7 summit in France saying some form of agreement had been reached.
A third fully-loaded crude tanker has left the Iranian port of Chabahar and crossed the US blockade line heading toward Asia, just days before the planned signing of a ceasefire that will give Tehran the right to sell oil immediately.
India’s rupee rallied to the strongest level in six weeks, fueling bets the currency can extend gains helped by the authorities’ steps this month to boost foreign-currency inflows.
Qatar has started to return LNG tankers back to the Middle East in anticipation of an imminent reopening of the Strait of Hormuz that would allow the world’s second-biggest LNG exporter to start producing and moving LNG supply again. At least four Qatar-owned tankers have headed in recent days to Ras Laffan, Qatar’s LNG complex in the Persian Gulf, and a fifth is en route to the region, vessel-tracking data compiled by Bloomberg showed on Wednesday. Another four LNG carriers are idling in the Gulf of Oman and could soon move to pass…
Athens International Airport SA and TAP Air Portugal are adding to a record start to the year for borrowing by the aviation sector globally, as the industry looks to navigate the impact of the Middle East war.
BMW said its profit margin will fall to as little as 1% this year as weakening Chinese demand and fallout from the Middle East conflict take a growing toll. The German automaker plans additional cost savings beyond those already announced. Danny Lee reports on Bloomberg Television. (Source: Bloomberg)
The war in Iran is expected to push UK Inflation further above the Bank of England's 2% target.
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. Correct: video edited to remove incorrect graphic at 20:51. (Source: Bloomberg)
Putting stocks and other assets on the blockchain can make trading faster, smoother and available 24/7, say the technology’s boosters.
European equities offer value opportunities following the recent decline in oil prices, particularly consumer-facing stocks and energy-sensitive cyclicals, according to JPMorgan Chase & Co.’s Hugh Gimber.
Japan’s 10-yen coin, predominantly composed of copper, is now worth more in metal than its face value as AI-fueled demand boosts prices for the highly conductive material.
Gasoline car demand in China is slumping on higher fuel prices resulting from the crisis in the Middle East, with gas guzzlers such as Range Rover, fetching discounts of up to 60%, Bloomberg reported, citing Chinese media. The report also cited data from the Chinese Passenger Car Association showing discounts on gasoline cars had almost doubled over the first five months of the year as oil—and fuel—prices crept up. Chinese passenger car sales dropped by over 22% in May, data released earlier showed, while EV and hybrid vehicle sales…
Hugh Gimber, global market strategist at JPMorgan, discusses the outlook for European equities and where to allocate investment outside the tech industry. "I think the banks have further room to run," Gimber tells Bloomberg Television. "And then you think about places like chemicals, very, very energy intensive, the first place for people to look during an energy shock." (Source: Bloomberg)
Euro-area pay growth is set to accelerate in the second half of this year, while remaining far below previous peaks, the European Central Bank said as it gauges inflation risks from the Iran war.
Hong Kong is on track for at least 17 listings in June — the most since December — that are poised to raise as much as a combined $4.6 billion, with six of them taking investor orders from Wednesday.
‘Gradual’ return of flows will give way to sharp rise in production, outstripping forecasts for increased demand
Chief executive PB Balaji says America offers the British carmaker its biggest growth opportunity
Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
The investigation on alleged cartel pricing of ice cream comes as Japan faces record summer temperatures.
A protest at Rio Tinto Group’s massive Oyu Tolgoi copper mine in Mongolia is threatening deliveries of concentrate, according to a social media post from the company’s local subsidiary.
Hong Kong’s market regulator is proceeding with its plan to compensate minority shareholders of collapsed developer China Evergrande Group, brushing aside a legal challenge by the company’s liquidators.
Iran would be allowed to start oil exports immediately under an interim deal with the US and gain access to a $300 billion economic development program following negotiations for a permanent peace that’s meant to address Tehran’s nuclear activities, according to a draft of their agreement.
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