Energy Aspects founder Amrita Sen discusses China's demand for oil and the outlook for crude prices as disruptions in the Strait of Hormuz continue. "We've been talking about diesel and gasoline prices being super high, and they need to stay high, but I think crude is about to close that gap," Sen tells Bloomberg Television.
Chancellor of the Exchequer John Healey said he will build on his predecessor Rachel Reeves' efforts to reestablish the UK's credibility in international bond markets. Speaking in the Midlands city of Coventry, Healey also outlined plans to boost regional economies, cut legislation and double the number of so-called unicorn firms in Britain.
Alain Bokobza, head of global asset allocation at Societe Generale, discusses factors weighing on bond yields and the knock-on impact on equities. He speaks on Bloomberg Television.
The Persian Gulf's richest states are pushing ahead with plans for a massive build-out of artificial intelligence infrastructure despite data centers becoming targets in the US-Iran war. Bloomberg's Zainab Fattah discusses how firms are responding to perceptions of higher risk on Horizons Middle East & Africa.
Christoph Ahlhaus, Chairman of the German Association of Small and Medium-Sized Businesses, tells Bloomberg there is 'real fear' the election success of the far-right Alternative for Germany in the state of Saxony-Anhalt could reduce international investment. He was speaking to Bloomberg's Oliver Crook on Daybreak Europe.
Guy Johnson and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
The US and Iran carried out what appeared to be their largest tit-for-tat tanker strikes yet over the weekend. The US military said it struck three Iranian crude tankers, while Iran said it hit three US-linked ships taking an unauthorized route through the Strait of Hormuz in retaliation. Bloomberg's Abeer Abu Omar reports.
The election win by the far-right Alternative for Germany (AfD) in the eastern state of Saxony-Anhalt is a disaster in economic terms, according to Marcel Fratzscher, president of DIW Berlin. "The AfD basically want to push out foreigners," Fratzscher tells Bloomberg Television. "They forget, of course, that also Germans are leaving, companies are leaving. So it will make the problem a lot worse."
Billionaire Aliko Dangote is seeking to raise $1.6 billion in what would be Nigeria's biggest initial public offering. Dangote Petroleum Refinery and Petrochemicals FZE is offering 4.1 billion shares at 525 naira ($0.40) each, a company spokesman said Friday. The IPO will open on Sept. 14. Bloomberg's Anthony Osae-Brown reports.
Iran and the US carried out tit-for-tat tanker strikes over the weekend, pushing oil prices higher and escalating a six-month war. Bloomberg's Paul Wallace has the latest.
APX Lending has launched a five-year revolving credit line backed by Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH).
The Bank of Korea has linked dollar-backed stablecoin demand to weaker local currencies after Binance added direct fiat trading pairs.
