Asian LNG hits $20.20 as Hormuz exports stop
ING Groep (NYSE:ING) reported that Strait of Hormuz liquefied natural gas exports halted, driving regional prices up 25%.
ING Groep (NYSE:ING) reported that Strait of Hormuz liquefied natural gas exports halted, driving regional prices up 25%.
BW LPG (NYSE:BWLP) agreed to sell the 2015-built BW Levant for an expected $17 million net book gain.
Ryanair (NASDAQ:RYAAY) reported a 34% drop in quarterly profit to €538 million amid doubled jet fuel prices.
Lockheed Martin (NYSE:LMT) introduced the PAC-3 Adapted Capability Effector to intercept aerial threats at half the previous cost.
Andy Burnham is set to become the UK's seventh prime minister in just over a decade on Monday with a number of outstanding questions about who will be in his cabinet and the policy direction he will pursue. In an address from Downing Street, the incoming premier will pledge to deliver tangible improvements in people's lives, while stressing that his rise to high office is a moment for "reflection and resolution," according to advance remarks sent by his office. He will set out his domestic priorities, and conclude on a "message of optimism" saying Britain can look to the future with "hope and unity." Nina Skero, CEO at the Centre for Economic & Business Research joins Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss.
Banks across the region report their 2Q results this week. Geopolitical risk and oil prices are reshaping the GCC's investment and banking outlook, with Bloomberg Intelligence saying the Iran war is likely to weigh on FDI into next year. Sam Gidoomal, Managing Director & Middle East Head of Financial Services at Alvarez & Marsal spoke to Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa on the likelihood of the US-Iran war having an impact on these earnings.
Fighting intensified between US & Iran for a ninth straight day with the death of a third US troop in two days. Tehran says it will no longer adhere to the terms of the peace deal, while President Trump says the conflict is about ending Iran's nuclear ambitions. Niamh McBurney, Director at Control Risks told Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa, President Trump is still open for negotiations.
Elbit Systems (NASDAQ:ESLT) received U.S. Customs and Border Protection contracts totaling over $370 million for national security operations.
Anna Edwards and Skylar Montgomery Koning break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
A federal judge temporarily halted Paramount Skydance Corporation's (NASDAQ:PSKY) $110 billion acquisition of Warner Bros. Discovery (NASDAQ:WBD) to assess market competition.
Neil Sorahan, chief financial officer of Ryanair, discusses the outlook for jet fuel supplies as the war between the US and Iran continues. "There's no shortage of fuel," Sorahan tells Bloomberg Television, adding that the Irish carrier is "better hedged than everybody else." He also comments on capacity and industry consolidation.
Skyroot Aerospace has became the first private-sector company from India to launch a rocket to orbit. Speaking to Bloomberg's Insight with Paul Allen, co-founder and COO Naga Bharath Daka discusses what the Vikram-1 launch means for India's space ambitions. (Corrects name of reporter.)