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Latest news from trusted sources around the world

Scion Group & Ares Management Team Up to Buy $910M in Student Housing
Economy Bloomberg
Scion Group & Ares Management Team Up to Buy $910M in Student …

Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of …

Codelco Eyes $2 Billion Gain From Unifying Copper Mines in Chile
Economy Bloomberg
Codelco Eyes $2 Billion Gain From Unifying Copper Mines in Chile

Codelco is seeking a combined $2 billion in cost savings and additional revenue by integrating the operations of three copper mines as the state-owned Chilean …

SpaceX Files for IPO on Nasdaq Under SPCX Symbol
Economy Bloomberg
SpaceX Files for IPO on Nasdaq Under SPCX Symbol

Elon Musk's SpaceX has filed papers to go public on the Nasdaq under the symbol SPCX. SpaceX is targeting as much as $75 billion in …

SpaceX Files for IPO Showing $4.28 Billion Quarterly Loss
Economy Bloomberg
SpaceX Files for IPO Showing $4.28 Billion Quarterly Loss

SpaceX filed publicly for its initial public offering, revealing billions in losses and the super-voting share plan allowing Elon Musk to keep the rocket, satellite …

Moody’s Cuts Mexico Credit Rating to One Notch Above Junk
Economy Bloomberg
Moody’s Cuts Mexico Credit Rating to One Notch Above Junk

Moody’s Ratings cut Mexico’s credit score to the lowest tier of investment grade, citing the country’s weakening fiscal position and stoking concern Latin America’s second-largest …

US Seeks Energy Export Boost to India as Rubio Visits Delhi
Economy Bloomberg
US Seeks Energy Export Boost to India as Rubio Visits Delhi

The Trump administration wants to boost energy exports to India, the US ambassador in New Delhi said on Wednesday, ahead of a multi-day visit by …

A 220% Bond Rally Snaps as Venezuela Euphoria Gets Reality Check
Economy Bloomberg
A 220% Bond Rally Snaps as Venezuela Euphoria Gets Reality Check

To the investors who had snapped up Venezuela’s defaulted bonds at beaten-down prices, it was the moment they were waiting for: Acting President Delcy Rodriguez’s …

Putin Leaves Beijing With Little Progress on Key Gas Pipeline
Economy Bloomberg
Putin Leaves Beijing With Little Progress on Key Gas Pipeline

Russian President Vladimir Putin left Beijing with no sign of a breakthrough on a natural gas pipeline project with the potential to reshape global energy …

Vitol Overtakes Shell in Ranking of US Physical Gas Traders
Economy Bloomberg
Vitol Overtakes Shell in Ranking of US Physical Gas Traders

Vitol Group, the world’s largest commodity trading house, boosted trading in the US physical natural gas last year by more than all but one of …

India Gets Rainfall Hedge as El Niño Threatens Monsoon
Economy Bloomberg
India Gets Rainfall Hedge as El Niño Threatens Monsoon

India’s largest agricultural exchange has introduced its first weather derivatives, allowing investors to hedge against monsoon-related risks.

Tankmaker Rheinmetall Preps First Public Bond Deal Since 2010
Economy Bloomberg
Tankmaker Rheinmetall Preps First Public Bond Deal Since 2010

Rheinmetall AG is preparing its first public bond sale in nearly 16 years as Europe’s defense industry booms.

Rice Prices Extend Rally to One-Year High as Crop Concerns Mount
Economy Bloomberg
Rice Prices Extend Rally to One-Year High as Crop Concerns Mount

A benchmark Asia rice price rose to the highest in more than a year, as worries loom over harvests across the region.

Hong Kong Targets July Launch for New Gold-Clearing System
Economy Bloomberg
Hong Kong Targets July Launch for New Gold-Clearing System

Hong Kong plans to launch a new gold-clearing system by July, advancing the city’s ambitions to become a global hub for bullion trading.

Pimco Favors Japan’s 30-Year Bonds, Says Yield Curve ‘Too Steep’
Economy Bloomberg
Pimco Favors Japan’s 30-Year Bonds, Says Yield Curve ‘Too Steep’

Pacific Investment Management Co. is seeing an opportunity in Japan’s 30-year sovereign bonds at a time when concerns over inflation and government spending have pushed …

Indonesian Markets Rebound Ahead of Prabowo’s Parliament Speech
Economy Bloomberg
Indonesian Markets Rebound Ahead of Prabowo’s Parliament Speech

Indonesia’s currency and stocks rebounded Wednesday in volatile trade, erasing earlier losses ahead of a key budget speech by President Prabowo Subianto.

Indonesian Palm Oil and Coal Stocks Drop on Export Control Plan
Economy Bloomberg
Indonesian Palm Oil and Coal Stocks Drop on Export Control Plan

Indonesian palm oil and coal stocks tumbled, on the prospect of tighter state control over commodity exports from Southeast Asia’s largest economy.

Singapore Tops Indonesia as Biggest Southeast Asia Stock Market
Economy Bloomberg
Singapore Tops Indonesia as Biggest Southeast Asia Stock Market

Singapore has overtaken Indonesia as Southeast Asia’s largest stock market, signaling investors’ endorsement of the city-state’s market reforms and their diminishing confidence in the larger …

Gold Advances as Trump Says US in Final Stage of Talks with Iran
Economy Bloomberg
Gold Advances as Trump Says US in Final Stage of Talks with …

Gold advanced as optimism surrounding the US-Iran talks to end the Middle East conflict eased bets on higher interest rates for longer.

Stocks Climb and Oil Falls on US-Iran Talks Report: Markets Wrap
Economy Bloomberg
Stocks Climb and Oil Falls on US-Iran Talks Report: Markets Wrap

A slide in oil prices on hopes for a deal to end the war in Iran lifted stocks and bonds, with traders awaiting Nvidia Corp.’s …

Oil Falls as Trump Says US in ‘Final Stages’ of Iran Talks
Economy Bloomberg
Oil Falls as Trump Says US in ‘Final Stages’ of Iran Talks

Oil plummeted after US President Donald Trump said the US is in the “final stages” of negotiations with Iran, raising expections for a near-term restart …

Building Fan Community Key to WNBA Success, Says Valkyries President Jess Smith
Economy Bloomberg
Building Fan Community Key to WNBA Success, Says Valkyries President Jess Smith

Jess Smith, president of the Golden State Valkyries, said that building community and connection in a deeper way and then building a business around that …

New HSBC Report Reveals Gap in Addressing Women's Financial Goals
Economy Bloomberg
New HSBC Report Reveals Gap in Addressing Women's Financial Goals

Racquel Oden, HSBC head of international wealth and private banking, said that while women have financial literacy, many feel that they don't have the fluency …

SoftBank Founder’s Starstruck Bet on OpenAI Raises Concern
Economy Bloomberg
SoftBank Founder’s Starstruck Bet on OpenAI Raises Concern

With more than $60 billion committed, some SoftBank insiders are growing uneasy over Son’s devotion to Altman.

Japan Spent Billions and Yen Is Still Falling
Economy Bloomberg
Japan Spent Billions and Yen Is Still Falling

For the full experience visit: Japan Spent Billions and Yen Is Still Falling

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