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Latest news from trusted sources around the world

Economy Bloomberg
Trafigura Secures $3 Billion Liquidity Buffer as Prices Swing

Trafigura Group secured a new $3 billion credit facility to provide a liquidity buffer against sharp swings in commodity markets, which can leave traders exposed …

Iraq Oil Output Cut Further as Baghdad Pushes for Kirkuk Restart
Economy Bloomberg
Iraq Oil Output Cut Further as Baghdad Pushes for Kirkuk Restart

Iraq’s oil production has fallen to 1.2 million barrels a day because of the Iran war and Baghdad is pushing to restart export flows of …

MFS Creditors Facing £1.3 Billion Shortfall Allege Improper Loans
Economy Bloomberg
MFS Creditors Facing £1.3 Billion Shortfall Allege Improper Loans

Creditors caught up in the collapse of UK mortgage lender Market Financial Solutions Ltd. claim a network of companies linked to its owner sits at …

Argentina’s Bond Rally Limited by Junk Label, War Fallout
Economy Bloomberg
Argentina’s Bond Rally Limited by Junk Label, War Fallout

As President Javier Milei meets investors in New York in a bid to attract interest in Argentina’s comeback story, the momentum behind the country’s bonds …

Emerging Markets Get Reprieve as Trump Hints at Early End to War
Economy Bloomberg
Emerging Markets Get Reprieve as Trump Hints at Early End to War

Emerging-market currencies and stocks rebounded Tuesday after President Donald Trump hinted at a speedy end to the Iran war, pushing oil prices lower and bringing …

G-7 Energy Ministers to Meet in Effort to Stabilize Oil Market
Economy Bloomberg
G-7 Energy Ministers to Meet in Effort to Stabilize Oil Market

Group of Seven energy ministers will meet in Paris on Tuesday as they continue to debate a possible release of oil reserves to stabilize markets, …

Asia’s Fuel Crunch Forces Four-Day Weeks and School Closures
Economy Bloomberg
Asia’s Fuel Crunch Forces Four-Day Weeks and School Closures

A widening supply crunch is forcing Asian governments to put more restrictions on fuel use and instruct citizens to avoid panic-buying, as the war in …

India Prioritizes Households as It Shifts LPG From Refiners
Economy Bloomberg
India Prioritizes Households as It Shifts LPG From Refiners

India has invoked emergency powers to redirect supplies of liquefied petroleum gas away from industrial users to households, as it seeks to shield ordinary people …

China Raises Crude Imports to Guard Against Supply Disruptions
Economy Bloomberg
China Raises Crude Imports to Guard Against Supply Disruptions

China purchased more crude in the first two months of the year as the country continued to hoard oil to guard against supply disruptions.

No Jet-Fuel Hedge Makes AirAsia Worst-Performing Airline Stock
Economy Bloomberg
No Jet-Fuel Hedge Makes AirAsia Worst-Performing Airline Stock

Low-cost carrier AirAsia X Bhd is paying a steep price for its wrong-way bet on jet fuel. Management’s decision not to hedge when oil was …

Tencent, Zhipu Shares Jump on Launches of AI Agents Tapping Into OpenClaw
Economy Bloomberg
Tencent, Zhipu Shares Jump on Launches of AI Agents Tapping Into OpenClaw

China’s enthusiasm for OpenClaw is igniting a stock rally in local technology firms moving swiftly to embrace the open-source artificial intelligence program.

China’s Yield Curve Hits Steepest in Four Years on Oil Jitters
Economy Bloomberg
China’s Yield Curve Hits Steepest in Four Years on Oil Jitters

China’s government bond yield curve reached its steepest level in about four years, as inflation concerns triggered by the Iran war pile pressure on longer‑term …

Aluminum Falls as Trump Signals Iran Conflict May End Soon
Economy Bloomberg
Aluminum Falls as Trump Signals Iran Conflict May End Soon

Aluminum extended its retreat from a four-year high after US President Donald Trump signaled a possible end to the Iran war, which has disrupted supplies …

Asian Stocks Advance, Crude Oil Pares Declines: Markets Wrap
Economy Bloomberg
Asian Stocks Advance, Crude Oil Pares Declines: Markets Wrap

Asian stocks rebounded from Monday’s selloff and crude oil fell, as President Donald Trump signaled the Iran war may be nearing an end, boosting investor …

Oil Slides After Trump Seeks to Ease Concerns Over War’s Length
Economy Bloomberg
Oil Slides After Trump Seeks to Ease Concerns Over War’s Length

Oil tumbled after US President Donald Trump said the Iran war will end soon, as he faces mounting pressure over the conflict that’s upended global …

Meredith Whitney on Iran War's Impact on Affordability
Economy Bloomberg
Meredith Whitney on Iran War's Impact on Affordability

Meredith Whitney Advisory Group CEO Meredith Whitney discusses affordability, consumer burdens, and the market reactions to President Trump's comments that the war Iran could possibly …

Iran Conflict Could Boost LNG Trade Through the Panama Canal
Economy Bloomberg
Iran Conflict Could Boost LNG Trade Through the Panama Canal

The ongoing conflict in Iran could lead to an increase in traffic at the Panama canal from Asian energy buyers seeking alternative LNG sources, canal …

Ventilation and Filtration System Firm Madison Air Files for IPO
Economy Bloomberg
Ventilation and Filtration System Firm Madison Air Files for IPO

Madison Air Solutions Corp., a provider of ventilation and filtration systems, filed for an initial public offering Monday.

Air New Zealand Suspends Guidance as Jet Fuel Fluctuates
Economy Bloomberg
Air New Zealand Suspends Guidance as Jet Fuel Fluctuates

Air New Zealand suspended its earnings guidance as wildly fluctuating jet fuel prices mean the assumptions it made less than two weeks ago are no …

Mexico Trade Consulations Favor Tweaking USMCA Over Major Revamp
Economy Bloomberg
Mexico Trade Consulations Favor Tweaking USMCA Over Major Revamp

The US-Mexico-Canada free trade deal shouldn’t undergo a major renegotiation but instead be improved and strengthened, according to consultations with key economic sectors overseen by …

Seema Shah Sees Disconnect Between Markets and Fundamentals
Economy Bloomberg
Seema Shah Sees Disconnect Between Markets and Fundamentals

"There's a fair amount of complacency within the market," Seema Shah, Principal Asset Management chief global strategist, says on "Bloomberg Open Interest." (Source: Bloomberg)

G-7 Ready to Release Oil Stockpiles If Needed to Help Supply
Economy Bloomberg
G-7 Ready to Release Oil Stockpiles If Needed to Help Supply

Group of Seven finance ministers said they were ready to take any steps needed to support global energy supply, including releasing strategic oil reserves — …

Portugal Football League Eyes Selling Stake in Media Rights
Economy Bloomberg
Portugal Football League Eyes Selling Stake in Media Rights

Liga Portugal has appointed Oakvale Capital to advise on a potential stake sale in the unit managing the company’s broadcasting and commercial rights in the …

Iran Names Khamenei’s Son as New Supreme Leader
Economy Bloomberg
Iran Names Khamenei’s Son as New Supreme Leader

Iran has named the son of the late Ayatollah Ali Khamenei as its new supreme leader. As he steps into his father’s shoes, he faces …

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