European markets rise as Iran war intensifies and economic sentiment sours
European stocks started the new trading week in positive territory though the war in Iran showed no signs of ending soon, entering its fifth week.
Economy
Oil Shipping Rates Surge as US Barrels Replace Middle East Supply
Bookings signal rising US crude flows while vessels remain stuck in the Persian Gulf.
Quantum technology firms race to market as the industry sees ‘inflection point’
Quantum technology firms are braving turbulent markets to publicly list this year, as the nascent industry looks towards commercialization.
Economy
Oil Analyst McNally Warns Market to Brace for Potential US Escalation
Bob McNally, founder and president at Rapidan Energy Group, says oil markets should fade speculation on a near-term ceasefire in the war in Iran. He explains why there is not a need for the US military to occupy Kharg Island to choke off oil exports from Iran. (Source: Bloomberg)
Russia welcomes arrival of oil tanker in Cuba after Trump softens approach to U.S. blockade
A Russian oil tanker carrying a humanitarian shipment of 100,000 tons of crude oil reportedly arrived in Cuba on Monday.
Oil prices rise with Brent heading for record monthly surge as Iran war enters fifth week
Oil prices climbed on Monday after Yemen's Houthis said they had fired missiles at Israel, opening a new front in the U.S.- and Israeli-led conflict with Iran.
Economy
Judd Kessler on Getting Started in Academia
Barry speaks with Judd Kessler, author of Lucky by Design: The Hidden Economics You Need to Get More of What You Want, and a professor at The Wharton School of the University of Pennsylvania. They discuss his research into the hidden markets that allocate value to desirable things such as restaurant
Economy
Chilean Investors Flock to CPI-Linked Notes on Oil Price Shock
Chile fixed income investors are wasting no time, plowing money into inflation-linked assets after the war in Iran triggered the biggest jump in gasoline prices at the pump since at least 1980.
Economy
Blackstone Raises $6.3 Billion for Latest Life-Sciences Fund
Blackstone Inc. closed its latest life-sciences fund with $6.3 billion of commitments, the firm’s biggest haul for backing clinical trials of medicines and technologies.
Economy
Missing Crew Not Found in Iran-Hit Vessel, Thai Ship Owner Says
A search for three crew members reported missing after a Thai-flagged cargo vessel was attacked in the Strait of Hormuz earlier this month failed to locate them, according to ship’s owner.
Economy
BinGhatti: UAE Property Market Behavior Fairly Stable
Property developers in the UAE have held calls with investors to allay concerns over a potential liquidity crunch after their bonds slipped into distressed territory. Katralnada BinGhatti, CEO & Managing Director of BinGhatti Holding spoke to Bloomberg’s Horizons Middle East and Africa anchor Jouman
Economy
Market Needs to Take It ‘One Day at a Time,’ RBC’s Calvasina Says
Lori Calvasina, head of US equity strategies at RBC Capital Markets, discusses the factors that could bring about a deeper drawdown in equities amid the war in Iran. (Source: Bloomberg)
Economy
Emerging Markets Face New Credit-Downgrade Era, S&P Global Warns
The Middle East war risks ending a run of net credit-rating upgrades across emerging markets and could trigger a new downgrade cycle as it fuels inflation and tightens financial conditions, S&P Global Ratings Director Ravi Bhatia said.
Economy
Sysco Reaches $29 Billion Deal to Buy Jetro Restaurant Depot
Sysco Corp., a large US food distributor, agreed to buy privately held Jetro Restaurant Depot LLC for $29.1 billion including debt.
Economy
Weak Rupee Likely to Have Mixed Impact on Economy, Minister Says
The impact of the rupee’s depreciation on India’s economy will likely be mixed, with the country’s import bill expected to be higher while export competitiveness may improve, a junior finance minister said.
Economy
Bond Investors Suddenly Are More Focused on Growth Than Inflation
With war seen weighing on economy, Treasuries start to attract buyers.
Economy
Euro Poised for Worst Quarter Since 2024 as Oil Shock Bites
The euro is heading for its worst quarter since 2024 as war in the Middle East underscores Europe’s dependency on energy imports and rattles the region’s economic outlook.
Economy
Portugal Says Interest in TAP Holds as Bid Deadline Nears
Portugal is confident Europe’s three biggest airline groups will bid for a stake in TAP SA ahead of a deadline this week, brushing aside concerns that the Iran war is fueling oil volatility and uncertainty across the aviation sector.
Trump reportedly wants to 'take the oil in Iran' as Tehran targets water, power facilities in Kuwait
The Middle East conflict has entered its fifth week, with attacks expanding across the region and raising risks to energy and infrastructure.
Mistral secures $830 million in debt financing to fund AI data center
Mistral is one of the few European startups building foundational AI models.