Bloomberg News and Videos — Page 752

Stephen Schork, principal and editor at The Schork Group, explains how a potential deal to end the Iran war can impact the global oil market and why US gasoline prices are unlikely to reach $5 a gallon.

The Japanese yen surged about 1.8% in the span of a half hour during the afternoon of the Asia session and topped 155.04 per dollar, renewing speculation that the country is intervening in the market. The currency later pared some of the advance. David Savage reports on Bloomberg Television.

Sam Lynton-Brown, head of global macro strategy at BNP Paribas Markets 360, discusses the economic situation in the United Kingdom. Speaking on Bloomberg Television, he says BNP is not expecting UK long-term borrowing costs to go higher following the yield on 30-year gilts' jump to 5.78% earlier in the week. "We think that's actually one of the DM bond markets that should be a little bit more insulated given how cheap valuations already are," Lynton-Brown says.

African ports are struggling to capitalize on a surge in shipping traffic as the Middle East conflict disrupts other key global trade routes. Bloomberg's Chief Africa Correspondent Jennifer Zabasajja explains on Horizons Middle East & Africa.

US Ambassador to the EU Andrew Puzder says President Donald Trump could go ahead with a 25% tariff on European cars and trucks "relatively soon" if there is no progress on the bloc's ratification of a a trade deal that the two sides initially reached last July. Puzder talks with Bloomberg's Oliver Crook in Brussels.

Novo Nordisk said this year's declines won't be as bad as initially expected thanks to the new Wegovy pill, which helped fuel sales in the first quarter. For the year, the worst drop for both profit and sales will be 12%, compared with 13% earlier. Bloomberg's Sanne Wass reports from Copenhagen.

President Donald Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the US can reach an agreement with Iran to end the war. Bloomberg's Stuart Livingstone-Wallace has the latest.

Jason Pang of JPMorgan Asset Management says that "higher oil for longer will translate into a more hawkish bias" among central banks in Asia. He also tells Bloomberg Television that "Malaysia, local, remains a good exposure for investors."

Samsung Electronics Co. has reached a $1 trillion market valuation following booming demand for its chips used in artificial intelligence. Bloomberg's Sangmi Cha reports.

President Donald Trump said he would pause a US-led effort to help stranded ships exit the Strait of Hormuz to see if an agreement with Iran to end the war could be finalized. Bloomberg's Derek Wallbank breaks down the developments.