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What's Next for US-Iran in Hormuz With Expired MOU?

US President Donald Trump said he won't try to revive a lapsed ceasefire deal with Iran, which gave the parties a 60-day window to negotiate a lasting peace deal. Col. Wayne Sanders (Ret.) of Bloomberg Intelligence examines what comes next after the expiry of the memorandum of understanding and with the Middle East conflict and control of the Strait of Hormuz stuck in limbo.

Read more: What's Next for US-Iran in Hormuz With Expired MOU?
Bloomberg
Financial

BlackRock's Koesterich Sees Energy Stocks as Best Portfolio Diversifier

Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says bonds are not working as a hedge as yields on 30-year US Treasuries rose to the highest since 2007 this week. He talks about the factors he sees driving long-dated bonds and why he doesn't see $100 oil derailing the US economic expansion.

Read more: BlackRock's Koesterich Sees Energy Stocks as Best Portfolio Diversifier
Bloomberg
Financial

Why Long-Dated Bonds Are at Center of Investor Angst

Yields on 30-year US Treasuries rose to the highest since 2007 this week, while French borrowing costs hit the loftiest since 2008 and their German peers traded at 2011 levels. While domestic factors have a role in each market, the structural forces driving up yields are global in nature, as Bloomberg's Ven Ram explains.

Read more: Why Long-Dated Bonds Are at Center of Investor Angst
Bloomberg
Financial

JPMorgan's Faller Sees US Driving Equity Market Gains

Madison Faller, investment strategist at JPMorgan Private Bank, says the US "remains core for portfolios" given its exposure to growth and innovation, economic resilience and higher corporate profit margins. When it comes to Europe, "we would be taking more of a selective approach around the sectors that we like," Faller tells Bloomberg Television.

Read more: JPMorgan's Faller Sees US Driving Equity Market Gains
Bloomberg
Financial

Ashley Boosts His Real Estate Empire With Harvey Nichols

Retail billionaire Mike Ashley's purchase of department store Harvey Nichols, situated in London's exclusive Knightsbridge district, has given his company one of the best located stores in the UK. A Bloomberg analysis of property records shows that Frasers Group now owns around 8 million square feet of retail park and shopping center space, part of what the company's CEO Michael Murray said is a 16 million-square-foot portfolio worth £2 billion ($2.7 billion). Bloomberg's Maddie Parker has more.

Read more: Ashley Boosts His Real Estate Empire With Harvey Nichols
Bloomberg
Financial

How Vitol Won Exclusive Fuel Deals to Dominate Africa

Exclusive agreements to supply fuel to at least five countries have put Vitol Group, the world's largest commodity trader, in an unusually powerful position as the dominant supplier to southern and East Africa a region that relies almost entirely on imports of fuel to keep cars, trucks, tractors and boats running. Bloomberg's Jack Farchy reports.

Read more: How Vitol Won Exclusive Fuel Deals to Dominate Africa
Bloomberg
Financial

Zonszein: Gaza Peace Plan Hinges on Concessions

Jared Kushner assured Prime Minister Benjamin Netanyahu that the Israeli army won't be compelled to withdraw from Gaza until Hamas disarms, according to an official with knowledge of the talks. Kushner met with Netantyahu in Jerusalem just a day after holding talks with a Hamas leader in Egypt. Mairav Zonszein, Senior Analyst Israel at the International Crisis Group spoke to Bloomberg's Abeer Abu Omar on the likelihood of the peace plan making progress.

Read more: Zonszein: Gaza Peace Plan Hinges on Concessions