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Iceland’s Own Currency Costs Outweigh Benefits, Ministry Says
The drawbacks to Iceland from having its own currency likely exceed the benefits, the country’s Finance Ministry said, citing the conclusions of a government-commissioned report.
Quarter of Big Oil Tankers Trapped by Iran War Have Escaped
Roughly one-quarter of the non-Iranian large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out …
US Stocks Extend Rally on Peace Deal Hopes, AI Spending Optimism
US stocks rose on Friday, boosted by hopes of a peace deal between the US and Iran and expectations that spending on artificial intelligence will …
Sugar Climbs Most in a Month on Poor India Monsoon Rain Outlook
Sugar futures in New York posted the biggest gain in a month on concerns that an emerging El Niño weather pattern could curb rainfall and …
ECB’s Panetta States Case for Rate Hike Without Pre-Set Path
European Central Bank Governing Council member Fabio Panetta acknowledged the case for an interest-rate hike while urging colleagues not to flag subsequent tightening.
Taiwan Sees AI Thrusting Exports to Fastest Growth in 50 Years
Taiwan revised up its economic growth forecast for this year, predicting that roaring demand for AI would send exports to the best performance in five …
Jupiter Fund Taps Europe AI Energy Boom to Beat 91% of Peers
Homing in on stocks at the heart of Europe’s electrification push has helped a Jupiter Asset Management fund team outperform 91% of its peers this …
Honda R&D’s Yoshiike on Global Robotics Competition
Takahide Yoshiike, Executive Chief Engineer for Honda’s R&D Frontier Robotics division, notes that while global competition in robotics is intense, each region has distinct strengths. …
Google Deepmind's Parada on Robotics Technology
Carolina Parada, VP and Head of Robotics at Google Deepmind, says “embodied intelligence is the next frontier of artificial intelligence.” She is focused on pushing …
Global Stocks Rally on Hopes of US-Iran Deal | The Asia Trade …
"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 …
Huge fireball seen after Blue Origin rocket explosion
Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening. It deals a major setback …
Gold Jumps Most in Three Weeks as Trump Eyes ‘Final’ Iran Call
Gold jumped the most in more than three weeks after US President Donald Trump said he’s making a “final determination” on a preliminary deal to …
S&P 500 Powers Historic Weekly Run on US-Iran Bets: Markets Wrap
Hopes that a ceasefire deal could pave the way for an end to the Iran conflict drove stocks to a historic streak of weekly gains, …
Oil Prices Soften as Traders Bet on Renewal of US-Iran Truce
Oil fell as the US and Iran tentatively agreed to extend a ceasefire by 60 days, stoking optimism the Strait of Hormuz may soon reopen.
Worthington Steel Raises $1.4 Billion for Klöeckner Takeover
Worthington Steel Inc. raised $1.4 billion in the leveraged-finance market Thursday to help fund its acquisition of German metals company Klöeckner & Co SE.
Can the OpenAI and Anthropic IPOs Live Up to Expectations?
The AI dynamos are eyeing the public markets, but some wonder whether SpaceX’s planned June listing will steal their thunder.
Jefferies Sued by Fund Investors Alleging Water Firm Fraud
Jefferies Financial Group Inc. has been hit with an investor class action lawsuit over bond purchases made by its 352 Capital fund in a water …
Drugmaker Apotex Files for Canada IPO Showing Revenue Jump
Canadian generic drugmaker Apotex Health Corp. filed for an initial public offering in Toronto, it said in a statement on Thursday.
MoneyGram’s Big Crypto Bet
MoneyGram CEO Anthony Soohoo joins Dani Burger on Bloomberg Open Interest to talk about why cash still dominates globally despite the crypto boom. He reveals …
Why Markets Are Ignoring Bad News
Ardian Co-CEO Mark Benedetti joined Bloomberg Open Interest to explain why markets keep hitting record highs despite wars, inflation, and rate uncertainty. He breaks down …
Citadel Securities Sees Markets Underpricing Signs of Iran Deal
Investors may be underestimating the chances of a “timely” reopening of the Strait of Hormuz triggering a broad relief rally across financial markets, according to …
Copasa Relaunches Share Offering After Bids Came Below Minimum
Cia de Saneamento de Minas Gerais announced new terms for its privatization process, after two bids for a 30% stake in the Brazilian water utility …
Dollar Falls Against Major Peers on Report of US-Iran Deal
The dollar fell against all of its major peers after a report that the US and Iran reached an agreement to extend a ceasefire, pending …
Bitcoin Dips Below $73,000 Despite Trump’s Crypto Capital Push
Bitcoin briefly fell below $73,000 despite a fresh push from Donald Trump for the CLARITY Act, suggesting pro-crypto messaging from Washington is losing its ability …
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