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Latest news from trusted sources around the world

Economy Bloomberg
First Brands Bankruptcy: Lawsuits Around Alleged Fraud Seek to Recoup Billions

The pitch to creditors of bankrupt First Brands goes like this: Stick with us just a while longer, and you’ll get a full recovery as …

Economy Bloomberg
Elevate Campuses Said to Launch $267 Million India IPO in August

Hillhouse Investment Management Ltd.-backed Elevate Campuses Ltd. is preparing to launch its 25.55-billion rupee ($267 million) initial public offering as early as August, according to …

Economy Bloomberg
Singapore’s MAS Flags AI Pullback as Threat to Global Markets

Singapore’s central bank warned that uncertainty over sustaining massive AI investments is a key risk for global growth and financial markets, citing this along with …

Economy Bloomberg
Treasuries Set for Third Day of Gains as Oil Drops on Iran …

Treasuries head for their best win streak in a month, buoyed by a sharp retreat in oil prices on optimism that talks between the US …

Economy Bloomberg
GAM’s Markham Says Chip Selloff Not Yet a Buy-the-Dip Moment

The global selloff in chip stocks is not yet a buying opportunity as investor positioning remains crowded, according to GAM’s Paul Markham.

Economy Bloomberg
Tankers Divert to Egypt as Houthi Threat Disrupts Red Sea

Empty supertankers are heading to Egypt’s Mediterranean port of Sidi Kerir to collect Saudi Arabia’s crude, a signal of wariness among some shipowners about sailing …

Economy Bloomberg
Tokyo Eyes Lifting Support for Overseas Oil Pipeline Investments

Tokyo is planning to expand its financial support to Japanese companies investing in pipeline projects overseas including the Middle East, as part of efforts to …

Economy Bloomberg
Asian Stocks Slide 10% From June Peak to Head for Correction

Asian stocks slumped, putting the regional benchmark on course for a technical correction, as a selloff in chipmakers deepened.

Economy Bloomberg
RBA’s Bullock Says Economy Cooling, Unsure If Rates High Enough

Australia’s central bank chief said there are signs the economy is adjusting as anticipated, though it’s still unclear if this year’s interest-rate hikes are enough …

Economy Bloomberg
Chip Rout Deepens on China Competition, Circular Funding Fears

A global selloff in semiconductor stocks deepened on Tuesday, as fresh signs of China’s progress in advanced chipmaking and mounting concerns over the artificial intelligence …

Economy Bloomberg
Gold Declines as Traders Weigh Prospects for Interest-Rate Hike

Gold declined ahead of a potentially divisive decision on US interest rates later this week, while a fragile pause in Middle East hostilities soothed inflation …

Economy Bloomberg
Stocks Waver as Rotation From Chips Gathers Pace: Markets Wrap

US stocks struggled for direction as a deepening rout in chipmakers was tempered by investors rotating into other corners of the market following a drop …

Economy Bloomberg
Latest Oil Market News and Analysis for July 28

Oil slumped in a volatile session as traders grappled with growing signs of deescalation of the Middle East conflict, with both sides continuing to hold …

Economy Bloomberg
BlackRock Raises $12.5 Billion of Debt for Meta Data Center

BlackRock Inc. wrapped up a $12.5 billion bond sale tied to a Meta Platforms Inc. data center project in Texas after a nearly week-long marketing …

Economy Bloomberg
Curium Is Said to Near About $7 Billion Acquisition of Lantheus

Curium is in advanced talks to acquire radiopharma company Lantheus Holdings Inc. in a deal that could be announced in the coming days, according to …

Economy Bloomberg
CME’s Debut of 24/7 Gold Futures Trading Met With Strong Demand

CME Group Inc. said the debut weekend of 24/7 trading for its one-ounce gold futures saw stronger-than-expected demand with deep liquidity despite subdued volatility.

Economy Bloomberg
BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies

Bonds that BlackRock Inc. is selling, tied to a Meta Platforms Inc. data center project in Texas, rallied in early trading on Monday before the …

Economy Bloomberg
JPMorgan Sees S&P 500 Set to Rally as a Buy Signal Flashes

JPMorgan Chase & Co.’s analysts said an in-house indicator is “now flashing a buy-signal” — something that has typically indicated the S&P 500 Index is …

Economy Bloomberg
LVMH Fashion Unit’s Return to Growth Held Back by Iran War

Sales at LVMH’s key fashion and leather goods unit, home to Louis Vuitton and Dior, barely eked out growth last quarter as the conflict in …

Economy Bloomberg
India Summons Ukraine Envoy After Black Sea Attack Kills Sailor

India summoned the Ukrainian envoy after a sailor from the country was killed in an attack on a vessel in the Black Sea on July …

Economy Bloomberg
Jersey Mike’s IPO Said to Be More Than 10 Times Oversubscribed

Jersey Mike’s Subs Inc.’s initial public offering has attracted investor demand for more than 10 times the available shares ahead of pricing on Wednesday, according …

Economy Bloomberg
US Stocks Erase Gains as Chipmakers Extend Losses to Third Day

US stocks fell on Monday, erasing an early morning rally as chipmakers weakened, putting the Philadelphia Semiconductor Index on pace for its third consecutive session …

Economy Bloomberg
RBI Intervention Lifts Rupee to Strongest Gain in Over a Month

India’s central bank sold dollars in the local currency market, propelling the rupee to its best gain in over a month, according to traders familiar …

Economy Bloomberg
Japan’s GPIF Says to Act Only in Interest of Beneficiaries

Japan’s Government Pension Investment Fund will manage its assets solely in the long-term interest of its beneficiaries, its leader said Monday, an apparent pushback at …

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