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Latest news from trusted sources around the world

Underwater Mortgages Force China’s Banks to Get More Creative
Economy Bloomberg
Underwater Mortgages Force China’s Banks to Get More Creative

Lenders are trying to prevent defaults and foreclosures that risk deepening the country’s housing crisis.

Economy Financial Times
UK to host meeting on safe passage through Strait of Hormuz after …

Conference comes after Donald Trump warns western allies they will have to secure the strategically important waterway

Economy Financial Times
Trump renews threat to ‘decimate’ Iran as Tuesday deadline looms

US president says power plants and bridges will be attacked if Tehran does not open Strait of Hormuz

Fed Balance Sheet Concern Outruns Reality, CIBC Says
Economy Bloomberg
Fed Balance Sheet Concern Outruns Reality, CIBC Says

Fixed‑income markets are overestimating the impact of potential changes to the Federal Reserve’s balance‑sheet policy, which are likely to be slow and limited, according to …

Carlyle's Thomas on Health of the Private Credit Sector
Economy Bloomberg
Carlyle's Thomas on Health of the Private Credit Sector

Jason Thomas, head of global research & investment strategy at Carlyle, joined "Bloomberg Surveillance" to discuss the concerns over private credit, saying "the systemic risk …

Economy Financial Times
The UK is turning the energy crisis into a political mess

Castigating companies for ‘profiteering’ is nonsensical and unhelpful rhetoric

Economy Financial Times
How Europe made Viktor Orbán

Hungary’s illiberal champion has benefited from the misjudgments and complacency of other leaders

Economy Financial Times
Ukraine’s drones dent Russia’s war-fuelled oil windfall

Moscow’s disrupted energy exports add pressure to markets already reeling from Iran conflict

Why You Should Care About Private Credit
Economy Bloomberg
Why You Should Care About Private Credit

The swing producer of US financing.

AMC Shares Gain on Holiday Box Office Surge Buoyed by ‘Mario’
Economy Bloomberg
AMC Shares Gain on Holiday Box Office Surge Buoyed by ‘Mario’

AMC Entertainment Holdings Inc. saw a surge in ticket sales and concessions over the long Easter weekend, buoyed by The Super Mario Galaxy Movie.

Wheat Hits One-Week Low With Rains Seen for Dry Kansas Fields
Economy Bloomberg
Wheat Hits One-Week Low With Rains Seen for Dry Kansas Fields

Wheat fell as rains forecast for this week in the US Plains should help to alleviate drought conditions that have stressed fields.

Wall Street Banks Line Up Financing for €1.5 Billion Sushi Deal
Economy Bloomberg
Wall Street Banks Line Up Financing for €1.5 Billion Sushi Deal

Wall Street banks are lending €750 million ($867 million) to finance the roughly €1.5 billion tie-up of Asian food producer Eat Happy Group and sushi …

Goldman Sachs Private Credit Fund Dodges Exodus With 4.999% Redemptions
Economy Bloomberg
Goldman Sachs Private Credit Fund Dodges Exodus With 4.999% Redemptions

A Goldman Sachs Group Inc. private credit fund said investors sought to pull just under 5% of their cash in the first quarter, narrowly escaping …

Economy Financial Times
When will Americans take the blame?

US war of choice in Iran risks turning Americans into global pariahs

Economy Financial Times
Neurocrine bets nearly $3bn on deal for insatiable hunger treatment

Soleno Therapeutics makes first commercialised drug for extreme hunger caused by Prader-Willi syndrome

Economy Financial Times
Saudi Arabia charges record premium for its oil

World’s biggest crude exporter to ask Asian customers for around $20 a barrel on top of benchmark prices

Economy Financial Times
Britain needs a plan to invest in defence

Repeated delays are worrying partners and risk losing key technologies

Economy Financial Times
Sales of used EVs surge in US as petrol prices pass $4 …

Americans are buying second-hand electric vehicles even as the market for new vehicles slumps

Economy Financial Times
FirstFT: US to unleash ‘hell’ if Iran doesn’t reopen Strait of Hormuz

Also in today’s newsletter: Private equity buyouts slump and Cuba’s solar tech lifeline

Oil Shock Is Adding Stress to the Global Economy
Economy Bloomberg
Oil Shock Is Adding Stress to the Global Economy

Energy market stress has reached a fever pitch.

Ex-Wall Street Trader Attempts Distressed M&A Turnarounds in Milei’s Argentina
Economy Bloomberg
Ex-Wall Street Trader Attempts Distressed M&A Turnarounds in Milei’s Argentina

After years trading securities in New York for Oppenheimer & Co. and Morgan Stanley, Esteban Nofal’s hunt for returns has brought him home to Argentina.

Economy Financial Times
A food and drink guide to Ojai, California

In this valley oasis, Marina O’Loughlin finds the food superb, the bedtimes early and the locals determined to keep it that way

Key Fertilizer Buyer India Issues Tender as War Hits Supply
Economy Bloomberg
Key Fertilizer Buyer India Issues Tender as War Hits Supply

India, the world’s largest urea importer, is aiming to buy about 2.5 million tons of the key crop nutrient ahead of the monsoon sowing season …

Saudis Raise Asia Oil to Record Premium as War Upends Market
Economy Bloomberg
Saudis Raise Asia Oil to Record Premium as War Upends Market

Saudi Arabia raised the price of its main oil grade to Asia to a record high premium, as a widening conflict in the Middle East …

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