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Qantas Airways CEO Vanessa Hudson joins Romaine Bostick in New York to discuss the challenges and opportunities facing the business as they look at market demand and rising oil prices. Hudson says they're projecting demand and are confident about their long haul routes. (Source: Bloomberg)
Fuel prices have hit record highs across Europe in recent days, driven by soaring oil prices amid the war in the Middle East and Ukrainian strikes on Russian refineries. However, the scale of the increases, as well as the measures taken to address them, varies significantly from one country to another. Here’s why.
Brent fell toward $99 a barrel, after tumbling over the previous four sessions. Oil erased earlier gains on a report that Iran could reopen the Strait of Hormuz if the US lifted a blockade of its ports. US President Donald Trump is set to address the United Nations General Assembly in New York later, and he may meet with his Iranian counterpart, Masoud Pezeshkian. Bloomberg's Will Kennedy breaks down the situation. (Source: Bloomberg)
Gold edged higher as a slump in oil prices over the past few sessions reduced the chance of further interest-rate hikes by the Federal Reserve to contain inflation.
Asian stocks were poised to climb after a tech-fueled rally on Wall Street and a drop in oil prices amid hopes for diplomatic progress in the Iran war.
Oil prices dropped to their lowest in 11 days on Monday, as investors hoped to see diplomatic progress on the Iran war with the UN meeting this week, as well as a partial recovery from shipments in Saudi Arabia.
Better clarity about the Federal Reserve’s resolve to fight inflation is giving investors reason to be bullish, and yet risks associated with oil prices and artificial intelligence keep them from fully committing.
Iran's latest set of conditions come as growing regional escalations causes oil prices to cross $100 per barrel.
The bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Carlos Cuerpo, Spanish Minister of Economy, Trade & Enterprise & Deputy Prime Minister; Alessia Berardi, Amundi Investment Institute, Head of Global Macroeconomics and Emerging Markets Strategy; Sayuri Shirai, Keio University Economics Professor & former Bank of Japan Policy Board Member; Martijn Rats, Morgan Stanley, Chief Commodities Strategist (Source: Bloomberg)
Asian stocks and bonds were set to rise, tracking a Wall Street rally as a pullback in oil prices eased inflation concerns and helped revive appetite for risk. The yen was steady ahead of the Bank of Japan’s rate decision.
Iran's speaker mocks US interest rates, citing the Taylor equation amidst rising global oil prices and inflation.
US stock futures gained in early trading following the Federal Reserve’s first interest-rate increase since 2023 as oil prices fell for a second day in a row and Treasury yields edged lower.
BRAZIL · ENERGY Key Facts — What happened Petrobras closed Tuesday at a record market value of R$692.35 billion (US$134.4 billion), the highest ever in nominal reais. — Why it happened Brent crude jumped 2.9% to US$108.75 a barrel after a pipeline closure and a loading halt at Saudi Arabia’s Yanbu port. — Production boost […] The post Petrobras Stock Hits Record Value as Oil Prices Surge appeared first on The Rio Times.
Asian refiners are starting to think about lowering run rates and preparing for the possibility that fuel exports may be curbed as the widening Middle East war boosts oil prices and shrinks stockpiles.
Thai Finance Minister Ekniti Nitithanprapas is sticking with the government’s forecast for 2.5% economic growth this year despite the surge in oil prices. (Source: Bloomberg)
Wall Street traders refrained from making riskier bets in the countdown to the Federal Reserve decision, with stocks falling as elevated oil prices kept bond yields at multi-year highs. Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, discusses equity bullishness amid a deepening bond selloff. (Source: Bloomberg)
Francisco Blanch, commodities and derivatives research head at BofA Securities, says Brent oil prices could climb as high as $150 a barrel if critical infrastructure, like Saudi Arabia's East-West pipeline, "is hit on a more permanent basis." Blanch speaks on Bloomberg Television. (Source: Bloomberg)
Saudi Arabia vowed on Tuesday to respond "firmly" to attacks by Yemen's Houthis after the Iran-backed fighters wounded 13 people in the kingdom’s south following a series of drone and missile attacks. Tensions have escalated since the Houthis pushed their offensive in Yemen and began targeting Riyadh’s ships in the Red Sea. Follow our liveblog for the latest updates.
Nigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange. He framed it as a "people's IPO" to give all Nigerians a chance to share the plant's wealth potentials. Trading is expected to start in November. Meanwhile, global oil prices continued to advance as attacks by Yemen's Houthi rebels forced Saudi Arabia to shut down its East-West oil pipeline.
Oil surged as Saudi Arabia’s closure of a major crude pipeline following attacks jolted the market, with the move disrupting a route that’s been key to bypassing the Strait of Hormuz during the US-Iran war. Bloomberg's Rob Barnett joins to discuss. (Source: Bloomberg)
Brent crude has risen above $100 a barrel as war in Iran disrupts shipping through the Strait of Hormuz.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. (Source: Bloomberg)
Amundi SA, Europe’s largest asset manager, is looking for opportunities in global bond markets after the recent selloff, and is buying two-year US Treasuries to protect against the risk of economic growth slowing due to elevated oil prices.
Brent settled at US$104.61 and WTI at US$100.05 on Friday, both down on the day but up 8.7% and 9.4% on the week as Middle East supply risk held. The post Oil Pulls Back Friday but Still Gains Nearly 9% on Week appeared first on The Rio Times.
The European Central Bank raised rates on Thursday and oil gained more than eight percent. The region's currencies went in different directions. The post Latin American Currencies Split as Europe Raises Rates and Oil Jumps Above US$100 appeared first on The Rio Times.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Australian bonds slid, tracking an overnight slump in Treasuries after escalating Middle East tensions drove up oil prices.
Mike Contopoulos, head of multi-asset macro investing at Janus Henderson, and Kay Herr, US CIO of US GFICC JPMorgan Asset Management, join Scarlet Fu on "Bloomberg Deals." Yields on US government bonds rose to fresh multiyear highs as oil prices extended their surge, prompting traders to add to bets that the Federal Reserve will raise interest rates as soon as next week. (Source: Bloomberg)