Large-cap Earnings Overshadow Iran Stalemate: 3-Minutes MLIV
Anna Edwards, Guy Johnson, Tom Mackenzie and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Anna Edwards, Guy Johnson, Tom Mackenzie and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Homayoun Falakshahi, head of crude oil analysis at Kpler, discusses energy markets as investors focus on the next step for peace talks between the US and Iran. He tells Bloomberg Television that should the US manage to sustain its blockade of the Strait of Hormuz for another two months, "Iran's oil revenues will drop to zero." Falakshahi also warns that should the waterway remain closed for another two months, prices for oil could go back to "roughly 120, 125 [dollars a barrel] for Brent."
UBS Group AG Chief Executive Officer Sergio Ermotti discusses the bank's intention to add to the $3 billion tally of share buybacks this year. Speaking to Bloomberg's Guy Johnson, Ermotti says the lender believes it's going to complete the $3 billion buyback "by the end of July."
Hans Patuwo, CEO of GoTo Group, discusses the Indonesian ride-hailing and food delivery business outlook and growth strategy after it reported its first-ever net income, a major milestone in its turnaround effort. He speaks with Haidi Stroud Watts on "Bloomberg: The Asia Trade".
Roh Yong-seok, Vice Minister of South Korea's SME and Startup Ministry, discusses the country's plans and strategy to support and grow domestic startups and enterprises, from injecting more funding for support and working with regional economies to bolster cooperation. He speaks with Shery Ahn on "Bloomberg: The Asia Trade".
Deutsche Bank AG Chief Financial Officer Raja Akram discusses the lender's performance in the first quarter as it posted higher-than-expected profit and revenue as income from trading held up and it earned more from asset management and retail banking. Akram says April "started constructively" after some jitters in March. He also discusses private credit and the uncertainty around the situation in the Middle East. Akram speaks to Bloomberg's Oliver Crook.
The UAE has made a shock exit from OPEC blindsiding its partners and diluting the cartel's ability to steer oil prices via supply cuts. Amir Handjani, Non-resident fellow at the Quincy Institute for Responsible Statecraft spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the move and whether it was a political or economical decision.
Shaojing Tong, CFO at Chinese biotech firm RemeGen, discusses the company's first quarter results and shares his confidence in growth in the domestic market. The company's stock has outperformed all of its peers in the MSCI China Healthcare Index since the start of the year.
Amidst trade wars and regional conflict, Bloomberg's Haslinda Amin, Ruth Carson, David Ramli and Karishma Vaswani discuss strategic shifts in Asian wealth flows at an event for Bloomberg.com subscribers.
Bloomberg Opinion's Karishma Vaswani explores ways China could potentially isolate Taiwan, and the possible effects on entire industries in the region. Filmed at an event in Singapore for Bloomberg.com subscribers.
Sea Forest (ASX:SEA) reported a 92% revenue surge in Q3 FY26, driven by rapid commercial adoption of its SeaFeed methane-reducing supplement.
The United Arab Emirates' decision to quit OPEC has blindsided its partners and will dilute the cartel's ability to manage oil prices by adjusting supply. Bloomberg's Stephen Stapczynski explains how differences in the vision of the UAE and the group's de facto leader Saudi Arabia have simmered for years.