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Fed’s Bowman Says Consumer Fraud Poses Risks to Financial System
The Federal Reserve’s top bank cop said that consumer fraud and scams pose increasing risks to the financial system, emphasizing that “nearly every fraud” affects a bank account or is tied to a payment that involves a bank account.
US Trade Deficit Widens in March to $60.3 Billion
The value of imports rose by 2.3% while exports increased 2% in March from the prior month. The trade gap now stands at $60.3 billion. Bloomberg's Michael McKee has the data breakdown. (Source: Bloomberg)
Moldova to increase purchases of aviation fuel amid Middle East crisis — authorities
Energy Minister Dorin Junghietu said that Romania is the closest source of aviation fuel for Moldova
Kganyago Links ‘Surprisingly Resilient’ Rand to Dollar Mistrust
South African Reserve Bank Governor Lesetja Kganyago heralded the fortitude of the rand and other emerging-market currencies amid the Iran war, and said this could reflect a wider souring on US assets.
US New-Home Sales Increased in March to Fastest Pace of the Year
US new-home sales rose in March from a month earlier, indicating builder incentives helped convince buyers to move off the sidelines.
Zimbabwe Starts Trials to Blend Ethanol and Diesel to Cut Costs
Zimbabwe began trials of blending ethanol and diesel to offset rising costs caused by conflict in the Middle East, the nation’s energy minister said.
Portugal Set to Propose New Windfall Tax on Energy Firms
Portuguese Finance Minister Joaquim Miranda Sarmento said his government plans to move ahead with a proposal to impose a tax on energy companies’ windfall profits, drawing on measures used during the 2022 fuel price crisis.
EU boosts support for Armenia’s armed forces with €30 mln package
The exception is lethal weapons
Trump administration investigates Smith College for admitting transgender women
Civil rights inquiry claims policy may breach Title IX as administration escalates attacks on trans rightsSign up for the Breaking News US newsletter emailThe US education department is investigating one of the country’s largest women’s colleges over its admittance of transgender women in another escalation of the Trump administration’s attacks on trans people.The department’s office of civil rights announced the investigation on Monday in a press release, saying the Massachusetts college could...
Kamaz adapted 13-liter engine for use on board of ships — CEO
Diesel engine manufactured by Kamaz are being used at present not merely in the automotive sector but also in agricultural machine-building, at diesel locomotives and in the energy sector, Sergey Kogogin said
EU ready for any scenario in response to Trump’s 25% tariff threat — von der Leyen
Von der Leyen recalled that the United States has not yet fulfilled all its obligations under the trade deal
Saudi Arabia Posts Biggest Deficit Since 2018 On Hormuz Closure
Saudi Arabia’s fiscal deficit widened in the first quarter to the highest level since 2018 as the closure of the Strait of Hormuz forced it to reduce oil exports and spending on projects to diversify the economy continued to rise.
Sensitive Kazakhstan NPP build details to be kept confidential — authorities
The main terms of cooperation on the construction of the nuclear power plant will be available in open sources
KKR CFO Sees 'Compelling' Case for Private Credit
KKR & Co. Chief Financial Officer Rob Lewin says it is still a good time to enter the private credit space. "We still view this as a compelling asset class,” he said on "Bloomberg Surveillance." (Source: Bloomberg)
Rostec develops system for repelling massive FPV drone attacks
The new system is noted to be capable of operating in the most common FPV drone control frequencies
US Natural Gas Futures Fall on Lower Supply to LNG Export Plants
US natural gas futures declined as flows to liquefied natural gas export terminals dropped to the lowest since late January, leaving more supplies within the domestic market.
Jordan Kyrou trade rumors: Oilers linked after Blues struggles
A significant offseason transfer that the Edmonton Oilers may consider undertaking following another disastrous playoff performance includes St. Louis Blues forward Jordan Kyrou. As trade rumor columns keep revisiting the possibility of matching the talented winger with Edmonton due to the fact that scoring depth issues in the team are a concern. The recent slump in production by Kyrou and the offensive needs by Edmonton might result in one of the biggest NHL narratives of the offseason.
Sales of new passenger cars, LCVs in Russia gain 10.8% in April to 117,300 units
Sales of new passenger cars and LCVs in the first four months of this year added 3.4% in annual terms to 372,100 units
KKR’s CFO Calls Private Credit ‘Compelling’ Despite Pullback
KKR & Co. still sees a compelling environment for private credit despite investors’ jitters around the potential impact of artificial intelligence on software companies.
Nissan to cut 10% of Europe workforce in global restructuring
Japanese carmaker will also combine its two production lines in UK’s Sunderland plant