The U.S. team of Vance and special envoys Steve Witkoff and Jared Kushner made progress with Iran during the Islamabad talks, the vice president said.
A Blue Owl Capital Inc. private credit fund raised $400 million from bond investors Monday, marking the first deal of its kind in over a month, as worries about AI-disrupted software bets and looser lending standards have roiled the once red-hot industry.
Transition to a cleaner future takes time and we need supplies that are the least polluting and have the lowest cost UK households to be urged to use more power this summer as renewables soar Terrific news: despite turmoil in the strait of Hormuz, the UK will have sufficient supplies of gas to meet demand this summer, said National Gas, which operates the gas transmission system, on Monday. But contain your relief. The summer months of lower usage were never likely to be a moment of stress. Gas via pipelines from the UK and Norwegian fields in the North Sea can handle virtually all UK demand when most of the 24m households with a gas connection have their heating turned off. Little liquefied natural gas, or LNG, the stuff that arrives on ships, is needed during the summer. Continue reading...
Incentives to absorb surplus wind and solar energy could help balance the grid and lower bills The UK needs more North Sea gas, not greater reliance on US imports | Nils Pratley Households will be called on to boost their consumption of Great Britain’s record renewable energy this summer to help balance the power grid and lower energy bills. Under the new plans, people could be encouraged to run dishwashers and washing machines or charge up their electric vehicles when there is more wind and solar power than the electricity grid needs. Continue reading...
The war in Iran is spurring a fresh wave of enthusiasm over prospects for China’s currency to more effectively rival the US dollar.
Singapore’s interbank rates are approaching four-year lows as haven demand due to the Iran war boosts inflows into the nation’s AAA rated assets.
Stocks in Asia were set to advance, tracking Wall Street gains as US President Donald Trump raised hopes for an Iran deal even as a blockade of the Strait of Hormuz took effect.
Gold edged higher after a two-day decline, as renewed optimism for a negotiated end to the US-Iran war eased concerns around inflation.
Raízen SA bondholders and bank creditors are asking for a stake of as much as 90% of the company in exchange for 45% of its debt in a restructuring, according to people familiar with the matter.
Oil dropped on signs Washington and Tehran may revive peace talks following the start of a US blockade of the Strait of Hormuz.
Investment bankers are hitting the road to raise more than $15 billion across initial public offerings in the coming weeks, nervously eyeing market volatility as a standoff with Iran threatens a fragile ceasefire. The success of a string of deals, led this week by a $2.23 billion IPO for ventilation and filtration systems provider Madison Air Solutions Corp., will be closely watched. Bankers are looking to put choppy performance for recent debutants in the rear-view mirror, clearing a path for the mammoth SpaceX listing expected in June. Michael Ventura, Co-Head of US Equity Capital Markets at RBC joins to discuss with Bailey Lipschultz and Carol Massar on Bloomberg Businessweek Daily. (Source: Bloomberg)
New Zealand dairy farmers are about to get a record multi-billion dollar, tax-free payout. They may need every cent of it.
JPMorgan Asset Management Global Alternatives Strategist Aaron Mulvihill discusses private credit continuing to pay a premium, and why investors are starting to lean into asset classes that pay a constant return. He talks with katie Greifeld and Isabelle Lee on "the Close." (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Isabelle Lee, Carol Massar and Bailey Lipschultz. (Source: Bloomberg)
Kyle Bass, Rochefort co-CEO, says Iran has not been negotiating with the US in good faith and he says the US won’t leave without Iran’s highly enriched uranium that can be used to build a nuclear bomb. He speaks on “Bloomberg The Close.”
Thoma Bravo is winding down its growth equity business less than five years after the software-focused investing firm debuted it, according to people familiar with the matter. Instead, it’s focusing more on its core buyouts strategy, which owns controlling interests in established firms.
KBW CEO Thomas Michaud discusses how economic resilience is leaving banks well-positioned and the potential impact from the war in Iran. He speaks on "Bloomberg The Close." (Source: Bloomberg)
Kraken, one of the world’s oldest crypto exchanges, said it’s being extorted by a criminal group that claims to have access to some client account information.
Oil prices surged as markets reopened following news that U.S. peace talks with Iran had ended without a deal.
Goldman Sachs Group Inc.’s surprise drop in bond- and rates-trading revenue cast a shadow over another record quarter from the bank’s equities team, prompting Chief Executive Officer David Solomon to point the finger at analysts for setting the bar so high. Bloomberg's Todd Gillespie. (Source: Bloomberg)
The Trump administration is seeking information from farmers to help with an ongoing Justice Department probe into high costs for fertilizer, machinery and other farm inputs.
Rochefort Co-CEO Kyle Bass discusses the dollar's tenuous upside, the state of US-China relations amid the Iran war, and the concentration of assets in the US. He talks with Katie Greifeld and Isabelle Lee on "The Close." (Source: Bloomberg)
Colombian presidential candidate Paloma Valencia is pledging to cut the nation’s budget deficit by 50 trillion pesos ($14 billion) and reinstate fiscal rules abandoned by the current administration, aiming to defuse what she describes as a ticking time bomb of unsustainable debt.
Nancy Tengler, CEO & CIO Laffer Tengler, joins Katie Greifeld and Eric Balchunas on "Bloomberg ETF IQ." (Source: Bloomberg)
Dave Nadig, president and director of research at ETF.com, joins Katie Greifeld and Eric Balchunas on "Bloomberg ETF IQ." (Source: Bloomberg)
The blockade took effect Monday at 10 a.m. ET. U.S. Central Command said it will not impede vessels transiting to and from non-Iranian ports.
It will be a tricky earnings season, as the investment banking giant became the first to show on Monday.
The judge said President Trump had not “plausibly alleged” that The Journal published the article with actual malice.
Pakistan is considering financing from both countries and banks as options to help maintain foreign-exchange reserve levels amid soaring oil prices, Finance Minister Muhammad Aurangzeb said, after the United Arab Emirates asked for the full repayment of a $3 billion loan.
Review of original train order is meant to prevent service problems north of Birmingham but it may do the opposite Plans to change the size of HS2 trains to maximise capacity are likely to inflate costs and mean fewer seats and slower services north of Birmingham, a senior government and rail industry figure has warned. The £2bn order for 54 high-speed trains, to be built in Britain by a joint venture of Alstom and Hitachi, is under review as HS2 Ltd seeks to cut costs and renegotiate contracts. Continue reading...
A verified account with the @elonmusk handle also recently showed up on Instagram, as the billionaire prepares to take his rocket company SpaceX public.
The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear.
The letter warns that the deal will result in fewer jobs for creatives, along with higher costs and less choice for audiences.
Chevron Corp. agreed to an asset swap with Venezuela that will significantly expand its oil operations in the country after remaining there for decades amid political and economic turmoil.
Judge rules complaint fails to outline malice after Trump argued lewd drawing allegedly sent to Epstein at heart of story was fake A Florida judge has dismissed a lawsuit filed last summer by Donald Trump over a Wall Street Journal report that he had sent a “bawdy” letter to the disgraced financier Jeffrey Epstein in 2003, though the judge has given the US president two weeks to refile the case. Trump, who has had a habit of suing media companies inside and outside the White House, had argued that a lewd drawing at the heart of the story was fake. The lawsuit was especially notable because one of the defendants was Rupert Murdoch, one of Trump’s top media allies, whose News Corporation media empire owns the Journal. Continue reading...
US bank has the Claude model and is working closely with the tech firm to improve cyber protection Goldman Sachs’s chief executive, David Solomon, has said he is “hyper-aware” of the capabilities of Anthropic’s Mythos AI model and is working “closely” with the tech firm after it issued warnings about the cybersecurity risk it poses. The US bank had been monitoring the rapid advances in artificial intelligence, including large language models (LLMs), as part of wider efforts to protect itself from hackers. Continue reading...
The U.S. blockade would apply to "any and all Ships trying to enter, or leave, the Strait of Hormuz," President Donald Trump said.
A US dredging company is calling out the bid terms of President Javier Milei’s signature concession in Argentina, claiming they’re tilted in favor of a consortium with past ties to China.
China’s Foreign Minister Wang Yi urged the international community to step up efforts to promote peace talks between Iran and the US, warning that the current truce remains fragile and must be preserved.
A sanctions waiver aimed at keeping global oil prices down had allowed Moscow to sell oil currently at sea.
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