World News Feed
Latest news from trusted sources around the world
Botswana Set as Southern African Hub in Dangote Refinery IPO
Botswana got selected as the host venue for the southern African portion of the initial public offering of the continent’s largest oil refinery, giving the …
Saudi Aramco’s New China Refinery Venture Gets First Crude Cargo
Saudi Aramco and its local partners have received the first crude cargo for their new refining complex in China, bringing the billion-dollar mega plant a …
What Dimon, Solomon Said in Bank Earnings Calls
Goldman CEO David Solomon said IPO and capital-markets activity remained healthy, while JPMorgan's Jamie Dimon said the bank is tightening some credit terms, as top …
US, China in 'Stability Mode': Kevin Rudd
Former Australian Prime Minister and Asia Society Global President & CEO says the US and China are in a "stability mode" where they have different …
BHP Escondida Wage Deal Is ‘Virtually Done,’ Union Leader Says
A deal to avert a strike at BHP Group’s Escondida copper mine in Chile is “virtually done,” according to a union leader, signaling a breakthrough …
Gold Steady as Fed Official’s Remarks Temper Rate-Hike Bets
Gold held a two-day decline after a Federal Reserve official signaled one more interest-rate hike may be needed this year, but further tightening won’t be …
Stocks Fall on Inflation Woes as Chip Rout Deepens: Markets Wrap
Stocks joined bonds lower as the fastest increase in inflation since April bolstered bets the Federal Reserve will keep lifting interest rates amid elevated energy …
Latest Oil Market News and Analysis for Oct. 14
Oil swung, with benchmarks diverging for another session, as hostilities intensified from Russia to the Middle East while a breathless rally in freight ran into …
Fed's Collins Says Rates Will Likely Need to Rise More
Federal Reserve Bank of Boston President Susan Collins says interest rates will likely need to rise more before the end of the year to help …
Rio Tinto Maintains Copper Production While Iron Ore Sales Rise
Rio Tinto Group’s copper production remained steady in the third quarter as a strong performance at its Oyu Tolgoi mine in Mongolia offset declines elsewhere, …
Big Take: How India’s Options Market Imploded
Millions chased fast profits through complex trades. It ended with billions lost. How India’s options market unraveled and where retail traders go from here. (Source: …
Skydance Bonds Extend Losses Amid Warner Bros. Buyout Angst
Skydance Corp. bonds weakened further on Tuesday, and the cost of protecting the company’s debt against default jumped, as investors fretted about the profitability of …
Major US Power Grids Strain Under Heat During Peak Repair Season
Power supplies are tightening on grids that serve roughly one-third of the US population, as a short-lived blast of heat in the Midwest and Mid-Atlantic …
Tesla, Xpeng Showcase Autonomous Cars in Paris
Tesla and Xpeng are competing beyond EVs and into AI, as Bloomberg's Caroline Connan explores the Cybercab and takes Xpeng's autonomous tech for a spin …
Breaking Down Big Bank Earnings
Four of Wall Street's biggest banks reported earnings on Tuesday morning. JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. set a fresh …
India-US Trade Talks Heading in Right Direction, Jaishankar Says
Indian Foreign Minister Subrahmanyam Jaishankar said trade negotiations with the US were close to a conclusion, though final details remained to be resolved.
We're Back to Normal Rates, Says Ed Yardeni
Yields in the US and other advanced economies have climbed to multidecade highs, tightening financial conditions, amid higher inflation triggered by the US-Iran war and …
DGB Offers Ethan Allen CEO a Non-Board Advisory Role
DGB Investments has offered an olive branch of sorts to the head of Ethan Allen Interiors Inc. as the activist seeks to replace the furniture …
Let the Rupee Find Its Own Level: Kotak
Indian banker Uday Kotak says the ideal approach to handling volatility in the Indian rupee would be to let it find its own level while …
Cracks Grow Across the AI Trade as Memory-Chip Stocks Tumble
The global artificial intelligence trade is coming under increasing pressure, with a deepening selloff in chip stocks instilling fresh doubts about the sustainability of one …
RBI’s Efforts to Curb Rupee Volatility Likely to Continue
India’s central bank will likely continue its efforts to curb volatility in the rupee, Finance Minister Nirmala Sitharaman said Tuesday, after recent measures helped the …
Whitbread CEO Says UK Tax Hikes Mean New Hotels Scrapped
Whitbread Plc’s Chief Executive Office Dominic Paul scrapped plans for some new UK hotel sites after higher business rates made them too costly to pursue.
BP Slashes Debt With Boost From Energy Trading and Refining
BP Plc cut net debt by around $8 billion in the past three months, reaching its 2027 target early after surging prices drove windfall profits …
INR/USD: Why India’s Rupee Is So Weak and What the RBI Is …
A country whose economy is expanding faster than those of its peers would typically expect its currency to strengthen. India’s growth has outstripped even that …
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