Oil falls 1% as OPEC+ boosts output
Oil prices fell on Monday after OPEC+ agreed to increase production targets starting in August, adding pressure to a market already focused on improving global supply conditions.
Oil prices fell on Monday after OPEC+ agreed to increase production targets starting in August, adding pressure to a market already focused on improving global supply conditions.
Kosmos Energy (NYSE:KOS) reported strong operational progress in the first half of 2026, driven by higher production from its Jubilee field in Ghana and steady LNG performance in Mauritania and Senegal.
Ireland's technology sector, heavily exposed to US multinationals, is facing widespread AI-driven labor market disruption and declines in its high tech employment rates. Bloomberg's Olivia Fletcher has more.
Amundi Investment Institute Head Monica Defend explains where she sees value in the AI supply chain. "Industrial is going to be a key sector because of its weight on on the market and because this is the sector where we have the AI enablers," Defend tells Bloomberg Television. "This is where we think the value and the performance might come from."
Molecular Partners (NASDAQ:MOLN) said its Phase 1/2a U.S. study of MP0712 is actively dosing patients in a trial targeting DLL3-positive small cell lung cancer and neuroendocrine tumors.
United Microelectronics Corporation (NYSE:UMC) reported unaudited June 2026 net sales of NT$23.12 billion, reflecting a 22.85% increase compared with NT$18.82 billion in June 2025.
Oil swung in a narrow range as flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies. Bloomberg's Stephen Stapczynski reports.
Businesses in South Africa are investing in renewable energy to protect against rolling blackouts and steep price increases from state-owned power utility Eskom Holdings. Bloomberg's Jennifer Zabasajja reports.
Anna Edwards, Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Abu Dhabi has spent years building one of the Gulf's fastest-growing stock markets through a wave of blockbuster IPOs, only to now take one of its biggest companies private. Bloomberg's Laura Gardner Cuesta reports.
European NATO allies have mostly replaced the assets that the US has cut from its rescue plans in case of a war in Europe, Deputy Supreme Allied Commander Europe Sir John Stringer told Bloomberg TV in an interview. "European allies have definitely stepped up in terms of backfilling the adjustment in the US forces in Europe," he said
The benefits of a partnership between US community banks and fintechs are immense, with fintechs fast‑tracking US market entry while community banks gain liquidity, new revenue, and an expanded client base, enabling fintechs to be US‑ready in around three months via sponsor‑bank partnerships instead of long licensing.