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Trafigura Awarded $92 Million in Arbitration With Zambia’s ZCCM
A London arbitration tribunal ordered Zambia’s majority state-owned investment company, ZCCM Investments Holdings Plc, to pay Trafigura about $92 million in a long-running dispute over a prepayment agreement between the commodity trader and Konkola Copper Mines.
Muni Funds Lure Near-Record Cash as Reinvestment Season Nears
Investors are pouring money back into municipal bonds as higher yields and the approaching summer reinvestment season draw cash into the tax-exempt market.
BOE's Bailey Sees 'Signs of Strains' in Private Credit
Bank of England Governor Andrew Bailey comments on the recent concerns about the private credit market during an interview with Bloomberg's Stephanie Flanders at a central banking conference in Iceland. (Source: Bloomberg)
EU to release billions in frozen funds for Hungary amid Magyar reforms
PM Peter Magyar called the agreement to unlock funds frozen under former leader Orban a 'historic' breakthrough.
TotalEnergies’ Oil Trading Reaps $2 Billion Per Year, CEO Says
TotalEnergies SE’s oil trading activities generally earn the company about $2 billion per year, Chief Executive Officer Patrick Pouyanné said, a rare comment on the vast size of the oil trading operations of some of Europe’s majors.
Deutsche Bank Raises 10-Year Treasury Yield Forecast on Fed View
Interest-rate strategists at Deutsche Bank AG boosted their forecast for the 10-year Treasury yield into the end of the year on the expectation that Federal Reserve officials now led by Chairman Kevin Warsh are finished cutting interest rates.
Infosys CEO's Salary Saw 2.5% Jump In 2026. This Is How Much He Earned
Salil Parekh took home a fixed salary of Rs 7.97 crore and bonuses worth Rs 2335 crore. The Infosys CEO exercising his stock options accounted for the lion's share of his compensation for the year.
MLB Proposes $245 Million Salary Cap That Players Union Rejects
Major League Baseball proposed a salary cap for the first time in more than three decades, a move opposed by the players union and likely to ignite tension between the two sides ahead of negotiations over a new labor deal. The league’s proposal would cap team spending at about $245 million and put a salary floor at roughly $171 million, according to a document provided by MLB. The current collective bargaining agreement between the league and players is set to expire in December, leading to spe...
Plan to increase minimum wage for under-21s faces delay until after 2029
Ministers are facing a backlash from unions after it was suggested that the full living wage for over-18s may be delayed until after the next election. The Government has committed to abolishing the different levels of minimum wage for those aged over 18, to bring them into line with the National Living Wage that is paid to all workers aged 22 and above. Labour put the policy in its manifesto ahead of the 2024 general election, in a move it said would “remove the discriminatory age bands, so a...
Two men who filmed themselves speeding at 139mph in a 30mph zone while inhaling from balloons before crashing into car and killing the driver are jailed for total of 23 years
Uways Hussain, 20, and Usmon Mahmood, 23, had spent the night driving dangerously through Manchester before colliding with a vehicle being driven by Sylvester Abayomi.
Bloomberg Surveillance 5/29/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Can inherited debt impact your Social Security benefits?
MoneyWatch: Managing Your Money Can inherited debt impact your Social Security benefits? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and e...
Stocks Rise as Trump Says He’ll Make Call on Iran
Hopes that a ceasefire deal could pave the way for an end to the Iran conflict drove stocks toward a historic streak of weekly gains, with the market also buoyed by the artificial-intelligence trade. Brian Belski, CEO and CIO at Humilis Investment Strategies, discusses the S&P 500 bull case and his outlook for markets amid the AI boom. (Source: Bloomberg)
Rio Tinto’s Aluminum Exports to US Rebound to Pretariff Levels
One of the world’s largest aluminum producers, Rio Tinto Group, says its shipments of the lightweight metal to the US have bounced back to levels from before President Donald Trump’s tariff offensive.
Meg O’Neill, the no-nonsense CEO steering BP through crisis
The ‘bullying’ scandal that led to chair Albert Manifold’s removal coincides with an attempted turnaround
After Orban’s Defeat, Hungary Is Poised to Get Billions From E.U.
The European Union is set to release 16 billion euros it had withheld, as Hungary moves to enact anti-corruption and rule of law policies.
Treasuries Set for Best Week Since War Began as Oil Retreats
The US government bond market headed for its best week since the start of the US war on Iran as oil prices declined in anticipation of an agreement to end the conflict.
Oil set for biggest monthly drop in 6 years, bringing consumers some relief
EnergyOil is set for its biggest one-month drop in 6 years, bringing consumers some reliefThe average price of gas fell 17 cents since its peak earlier this month, but it’s still 47% higher than it was at the start of the Iran war.Listen to this article with a free account00:0000:00People walk on the beach, with vessels in the Strait of Hormuz visible near the beach of Bandar Abbas, Iran, on May 22.Majid-Asgaripour / via ReutersShareAdd NBC News to GoogleMay 29, 2026, 11:36 AM EDTBy Steve Kopack...
Thinking about selling clothes on Vinted? The steps you can take to make this a greener option
Krievietka/ShutterstockYou’ve had a spring clean and decluttered your wardrobe, and now you’re wondering what to do with the pile of unwanted clothes in the corner. With the growth of online secondhand sales channels such as eBay and Vinted, the alternatives to putting old clothes in the bin have grown. But are these a green option? Globally, most discarded clothing is landfilled or incinerated. But most unwanted clothing in Europe is suitable for reuse – many people get rid of clothing bec...
India's Forex Reserves Drop By $7.5 Billion To 681.38 Billion
Prime Minister Narendra Modi has also made multiple public appeals to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from gold buys for a year.