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Shipping ministry identifies 40 priority vessels, suggests Oman route amid Hormuz disruption
India Business News: New Delhi: With no sight of the Strait of Hormuz (SoH) opening for commercial traffic in near future, shipping ministry has shared a list of around 40.
Fed Can Stay on Hold This Year, JPMorgan's Michele Says
Bob Michele, global head of fixed income at JPMorgan Asset Management, says the inflation risk posed by the Iran conflict means the Federal Reserve can stay on hold through year-end on Bloomberg Television. (Source: Bloomberg)
Trade, Economy, Investment: How UAE's OPEC Exit Will Affect Saudi Relations
Saudi Arabia and the UAE are so deeply enmeshed in trade, investment and logistics that analysts say a full-blown economic rift is unlikely.
Kone Agrees to Buy TK Elevator for $34.4B
Bloomberg's Liana Baker joins Dani Burger on "Bloomberg Deals." Kone agreed to acquire TK Elevator for $34.4 billion including debt, transforming the Finnish company into the industry’s dominant player and putting new pressure on its rivals. (Source: Bloomberg)
2026 Another Catalyst Rich Year: AstraZeneca CFO
Aradhana Sarin, AstraZeneca CFO, joins Dani Burger and Katie Greifeld on "Bloomberg Deals." AstraZeneca’s profit grew more than expected in the first quarter, bolstered by demand for its blockbuster cancer medicines. (Source: Bloomberg)
Putin, Trump discuss prospects of mutually beneficial projects
"The whole range of large-scale initiatives in the economy, as the presidents noted, has already been discussed specifically between representatives of our nations," Yury Ushakov added
What the Fed rate pause may mean for mortgage interest rates
MoneyWatch: Managing Your Money What the Fed rate pause may mean for mortgage interest rates 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 Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He...
How 'Little Sparta' UAE shocked the Gulf by going its own way on oil
Middle East ConflictHow 'Little Sparta' UAE shocked the Gulf by going its own way on oilAt the heart of the UAE’s new direction is a stark policy divergence with its larger neighbor Saudi Arabia, as well as mounting frustration with the Gulf states’ response to attacks by Iran.Listen to this article with a free account00:0000:00 body:has(.jw-flag-floating) .article-hero__container, body:has(.jw-flag-floating) .article-hero__media-holder, body:has(.jw-flag-floating) #content { z-index:...
Fed leaves interest rates unchanged in defiance of Trump’s calls for cuts
Fed officials cite elevated inflation, slow job growth and uncertainty in Middle East as reasons for holding ratesSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve left interest rates unchanged after its latest board meeting, defying once again Donald Trump’s call for a cut as the central bank prepares for a leadership shake-up next month.On Wednesday, Fed officials continued to cite elevated inflation, slow job growth and uncertainty in the Midd...
Pernod Ricard and Jack Daniel’s Maker End Merger Discussions
Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Jack Daniel’s owner Brown-Forman and Jameson whiskey maker Pernod Ricard SA terminated their merger talks, marking an abrupt end to a potential transatlantic deal that was aimed at contending with the industry’s downturn. (Source: Bloomberg)
UAE’s withdrawal from OPEC leading to oil market restructuring — expert
"The influx of UAE crude is anticipated to drive the oil price down and challenge Saudi Arabia’s dominance in the global oil market," Hung Wing Lok said
Has the UAE just broken the oil cartel that has been squeezing India for decades?
Has the UAE just broken the oil cartel that has been squeezing India for decades
Pershing Square's Ackman Talks IPO, State of Markets
Pershing Square founder and CEO Bill Ackman discusses the recent IPO of Pershing Square's new closed-end fund and alternative asset manager. Ackman emphasizes that this IPO marks the beginning of a long-term journey, with $5 billion in capital ready to be deployed within weeks. He speaks with Dani Burger on "Bloomberg Deals." (Source: Bloomberg)
Russian stock indices down more than 2% as trading on Moscow Exchange closes
The MOEX Index fell 2.1% to 2,639.82 points, while the dollar-denominated RTS Index dropped 2.35% to 1,110.57 points
Fed expected to keep interest rates on hold
End of an era looms for Jay Powell as Kevin Warsh closes in on taking over as chair of world’s most important central bank
US influenced UAE's decision to leave OPEC — expert
Miguel Jaimes argued that the US is actively seeking to undermine the cohesion of OPEC+, a coalition led by Russia and Saudi Arabia, by applying pressure on member countries - including Russia - over the Ukraine conflict
Oil Charges Toward $120 With No End in Sight to US-Iran War
Oil surged to the highest since June 2022, with no end in sight to the US-Iran conflict or choked-off energy flows through the Strait of Hormuz, heightening concerns over a rapidly shrinking global supply cushion.
Atome Sees War Driving Shifts That Boost Low-Carbon Fertilizer
The low-carbon fertilizer industry is getting a boost as buyers shift to long-term contracts amid rising geopolitical risks, according to the top executive at Atome PLC.
Serbia receives gas on most favorable terms in Europe — minister
Nenad Popovic called energy an important element of cooperation with Russia
Ackman Says Stocks Above 'Stupidly Cheap' Market Bottom
Pershing Square founder and CEO Bill Ackman says he doesn't see any strategic dislocations in markets during an interview with Dani Burger on "Bloomberg Deals." Ackman’s combined IPO for his closed-end fund and alternative asset manager raised $5 billion. (Source: Bloomberg)