President Donald Trump said former Federal Reserve Chair Jerome Powell “should be forced to resign” from the Fed’s Board of Governors over findings the central bank mismanaged the renovation of its headquarters. Rachel Schilke of Bloomberg Government has more. (Source: Bloomberg)
Persian Gulf oil producers are shifting critical cargo transfer operations even farther out of the war-hit region as waters just outside the Strait of Hormuz become congested with tankers.
Higher bond yields are justified by stronger nominal economic growth and rising inflation, making them a strong investment choice, says Jim Bianco, president and macro strategist at Bianco Research. Bianco tells Bloomberg Television that he has invested in bonds for the first time in six years and suggested the US 10-year Treasury note could rise toward 5.50% to 5.75%, but said yields around 5.25% are already attractive enough. (Source: Bloomberg)
US companies announced the fewest number of job cuts for any September since 2022, according to data from outplacement firm Challenger, Gray & Christmas Inc.
Russia is responding to Ukraine’s Black Sea attacks by seeking to reroute its grain exports, but so far the efforts are falling short — only about 1/10th of the volumes are being shipped through the key alternative ports, data show.
Kenya needs to lower the cost of electricity, create a more stable tax environment and undertake other reforms to attract private-sector investment and create jobs, according to the World Bank.
A French battery maker backed by Renault SA is planning to ask creditors for more flexibility with the terms of its debt after its production ramp-up fell behind schedule, in the latest example of the challenges facing Europe’s electric vehicle manufacturing industry.
Giulia Morpurgo, Claudia Cohen and Albertina Torsoli
Zimbabwe said that compensation to White farmers for land seized 26 years ago has now reached $508 million, as the southern African nation seeks to restore access to international capital markets.
India is snapping up palm oil after New Delhi slashed import duties, prompting refiners in the world’s biggest buyer to replenish depleted inventories ahead of the festival season.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
The market is acting in ways that make it very hard to get a handle on what exactly is going on right now. The overall indices are surging, while many individual stocks are doing badly. Rates are rising, but the economy is still robust. There’s capex spending and the AI trade. There’s the war in Iran. And of course there’s persistent inflation and the Federal Reserve’s ongoing tightening cycle. On this episode, we speak with our former Bloomberg News colleague Luke Kawa, who is now head of marke
Chinese fuel exporters have canceled some oil-product cargoes slated for export in October, as Asia’s top consumer prioritizes domestic supply during an extended period of upheaval in global energy markets.
A boardroom clash atop India’s Tata Group is spilling into the conglomerate’s controlling shareholder, as two key members of Tata Trusts challenge patriarch Noel Tata over a restructuring plan they say he pushed without consulting them.
Trading in single-stock futures on India’s largest bourse sank to a 34-month low as the new closing auction disrupted strategies used by arbitrage funds.
US Treasuries rebounded from a bruising global bond selloff as pressure in European markets fueled demand for haven assets, pulling 10-year yields down from a 24-year high.
The UK’s long-term borrowing costs hit 6% for the first time in almost three decades, making it the first Group of Seven economy to pay a rate that high since the euro crisis was raging in 2012.
Mobile payments firm Airtel Money is looking to raise £529 million ($700 million) for its shareholders in what could be London’s biggest initial public offering in five years.
European stocks fell as regional bond yields climbed, denting the appeal of equities and fueling concerns about the economic impact of higher borrowing costs.
Sajjid Chinoy, chief India economist for JPMorgan Chase & Co expects the RBI to take an appropriately cautious or hawkish tone to signal to markets that more maybe in the pipeline. He said this in an conversation with Bloomberg Television's Paul Allen. (Source: Bloomberg)
