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UK Economy Expanded 0.1% in the Fourth Quarter
Gas prices top $4 a gallon as Iran war triggers global oil shock
Fuel costs last exceeded $4 a gallon in 2022, AAA data showed.
Goldman, BofA Set to Capture Bigger Share of Japan’s ECM Deals
Goldman Sachs Group Inc. and Bank of America Corp. are poised to capture a larger share of Japan’s equity capital market in the fiscal year ending March, driven by a surge in block trade activity.
Singapore Warns of Costlier Power Bills Due to Mideast Conflict
Singapore is set to see higher electricity prices in the months ahead as the US-Israeli war against Iran tightens global energy supplies, authorities warned.
Hegseth’s broker explored investment in defence firms before Iran attack: Report
The investment ultimately did not materialise, as the fund, introduced last year, was not yet available for purchase through Morgan Stanley’s platform. The report did not clarify how much authority the broker had to act independently or whether Hegseth was aware of the move. BlackRock declined to co...
Oil slips, stocks rise as report says Trump willing to end war
HONG KONG, China: Oil prices sank and most stocks rose Tuesday, following a report that indicated Donald Trump was willing to end the Iran war even if the key Strait of Hormuz remained closed. But investors remain wary as the Wall Street Journal story came on the same day the US president threatened...
Abu Dhabi’s 2PointZero Splashes Out $2.25 Billion in US Gas Deal
A company overseen by a prominent Abu Dhabi royal has agreed to buy a US gas infrastructure firm for $2.25 billion, the latest sign that Gulf firms are pressing ahead with overseas dealmaking even as the regional conflict enters its second month.
Just Three Firms Are Driving Europe’s €420 Billion Stock Rout
Three former market darlings have accounted for over half of the €420 billion ($481 billion) wiped off European stocks this quarter.
Oil at $200: Still a real risk — or a market myth?
Japan, Indonesia Pledge Deeper Ties Amid Energy Concerns
Indonesian President Prabowo Subianto and Japanese Prime Minister Sanae Takaichi pledged deeper economic ties and cooperation on energy security as the two countries grapple with market instability brought on by the war in Iran.
Credit Risk in Asia Poised for Biggest Monthly Spike Since 2023
The cost to insure better-rated Asian debt against default is on course to increase in March by the most for any month since 2023, signaling growing concern about the economic impact of the Iran War on the region’s borrowers.
How South Asia Sees the Iran Conflict
Former US Assistant Secretary of State for South and Central Asian Affairs Nisha Biswal joins Former Permanent Representative of India to the UN Syed Akbaruddin for a panel on how South Asia is affected by the near-closure of the Strait of Hormuz. (Source: Bloomberg)
Australia to Profit from War Pushing Up Prices, Westpac Says
Australia will likely gain an unexpected multi-billion dollar windfall from the Iran war, as higher coal and gas export prices boost revenues over the five years to 2030, according to Westpac Banking Corp.
Why Is the Japanese Yen So Weak - and Will Authorities Intervene?
The yen’s weakness has become a growing concern for Japan’s policymakers, given its impact on import prices and household costs.
India Delays Stricter Trading Loan Rules as Volatility Climbs
India’s central bank has delayed the roll-out of stricter rules on loans to proprietary traders and some liquidity providers, offering relief as markets are roiled by volatility due to the Iran conflict.
Australia Walks Diplomatic Tightrope on Iran War
Australian Prime Minister Anthony Albanese is calling on President Trump to commit to ending the war in Iran. ANU National Security College’s Rory Medcalf says Canberra's stance reflects the growing concern among Australians about the economic consequences of the war. Medcalf spoke to "Bloomberg: Th...
UK weather maps show Easter bank holiday scorcher as 4 regions to bake in 17C on Saturday
The Easter bank holiday is set to see some warmth after a colder snap with some areas in the UK welcoming a scorching 17C on Saturday according to new weather maps
Japan Spot Power Surges to Three-Year High as War Boosts Fuels
Spot power prices in Japan surged to a three-year high, as the war in the Middle East boosts fuel costs for economies across Asia.
CanSino CEO Sees Potential in China's Vaccine Market
CanSino Biologics Chairman and CEO Xuefeng Yu highlighted the company’s resilience last year despite China's falling birth rate and economic pressures. In an exclusive interview with Bloomberg's "The China Show," he noted that the country's aging population offers growth potential for the vaccine ma...