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US Says Iran Ceasefire Still in Place After Clashes Over Hormuz
The US played down the prospect of a return to active war with Iran after a day of clashes involving ships in the Strait of Hormuz and missile strikes against the United Arab Emirates.
US-Iran Ceasefire Holds After Hormuz Clashes and UAE Strikes
The fragile US-Iran ceasefire held Tuesday morning after a day of clashes involving shipping in the Strait of Hormuz and missile attacks against the United Arab Emirates.
Hong Kong Weathers War Shocks With Fastest GDP Growth Since 2021
Hong Kong’s economy expanded at its fastest pace in almost five years, as old growth drivers like tourism and retail spending cushioned the blow from the global energy crisis caused by the war in Iran.
Pakistan Trade Deficit Widens as Imports Surge
Pakistan’s trade deficit widened more than expected last month as imports surged, adding strain to the fragile economy and thin foreign exchange reserves.
Bank of Mauritius Sees Inflation Breaching Target by Year-End
Inflation in Mauritius may breach the upper limit of the central bank’s target range this year as prolonged conflict in the Middle East raises the cost of imported goods, Bank of Mauritius Governor Priscilla Muthoora Thakoor said.
'No proposal before the govt': Centre rules out relief for state oil firms
State-run fuel retailers will not receive government financial backing for losses incurred from selling petrol, diesel, and aviation turbine fuel below cost. Despite rising crude oil prices, the government has opted to shield consumers by not revising retail prices for these fuels, focusing instead on price adjustments for bulk diesel and commercial LPG.
Mozambique Weighs Swapping Dollar Debt for Yuan in China Talks
Mozambique is considering converting the $1.4 billion it owes China into renminbi loans as part of a debt restructuring with its biggest bilateral creditor, in line with similar moves by other African sovereign borrowers.
Kazakhstan continues OPEC+ work, no plans to leave organization — ministry
"The consequences of the UAE’s exit will likely remain to be seen, at this stage work is processing as usual," Sungat Yesimkhanov said
Russian stocks down as main trading session opens
According to trading data as of 10:00 a.m. Moscow time, the MOEX and RTS indices slipped by 0.08% to 2,618.72 and 1,093.54 points, respectively
US woman compares Indian markets to stores back home, shares her honest thoughts
US woman compares Indian markets to stores back home shares her honest thoughts
JPMorgan's Faller Says Prepare for Shocks Even as Equities Rise
Madison Faller, investment strategist at JPMorgan Private Bank, says the economic backdrop is resilient and that earnings growth will drive markets higher, as long as the war in the Middle East doesn't flare up again. "So that means positioning for upside, but also I think allocating toward shock absorbers," Faller tells Bloomberg Television. (Source: Bloomberg)
Inflation Pushes Bonds to Breaking Point: 3-Minutes MLIV
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)
Horizons Middle East & Africa 5/5/2026 (Video)
Suspension of oil supplies via Druzhba pipeline does not affect exports from Kazakhstan
Kazakhstan "did not transport large volumes" of oil through the Druzhba pipeline, Vice Minister of Energy of the Republic of Kazakhstan Sungat Yesimkhanov noted
Iraq Slashes Oil Prices for Buyers Willing to Transit Hormuz
Iraq is offering its term buyers huge discounts for crude loaded this month, but tankers will have to transit the Strait of Hormuz to collect the barrels deep inside the Persian Gulf just as hostilities flare in the region.
Why are there so many vape shops on our high streets?
New research has shown a 28% growth in shops selling vape products in Scottish towns and cities.
Japan Has Two More Key Windows for Yen Intervention by IMF Rules
Japan can conduct only two more sessions of three-day interventions by November if it wants to maintain its status of having a freely floating exchange rate, based on International Monetary Fund guidelines.
Leo Pharma Eyes $800 Million Deal Push as IPO Plans Advance
Leo Pharma is actively seeking more acquisition targets, with as much as 5 billion kroner ($800 million) to spend on dealmaking as it positions itself for an initial public offering, according to its top management.
Audi Pledges Cost Cuts as Trump’s Tariff Plan Threatens Outlook
Volkswagen AG’s Audi is pushing to become leaner as the German carmaker tries to offset waning sales in China and the mounting cost of global trade hurdles.