Oil headed for a weekly gain as the crucial Strait of Hormuz remains effectively closed, with efforts to end the war in limbo and disruptions that have upended global markets set to linger.
BYD Co. is negotiating with Stellantis NV and other European carmakers about taking over underutilized factories in the region, according to the Chinese company’s top international executive.
OpenAI’s Sam Altman testified that he was “extremely uncomfortable” with Elon Musk’s insistence that he have complete control over a proposed for-profit subsidiary of the startup back in 2017.
A retreat in high-flying technology stocks is dragging equities lower as traders wait for US inflation data. Brent rose for a third straight day, with the ceasefire in the Middle East appearing increasingly fragile.
South African President Cyril Ramaphosa said he would contest a report that criticized his handling of a robbery at his farm in 2020 after a ruling by the nation’s top court resurrected the scandal, and rejected calls to stand down.
I Squared and Blackstone Inc. are edging closer to making a bid for Stroeer SE & Co. that could value the German media group at about €2.5 billion ($2.9 billion), people familiar with the matter said.
Poland’s central bank Governor Adam Glapinski said the likelihood of interest rate increases has grown over the past month although a hike is not a forgone conclusion for policymakers.
Japanese stocks are set to surge as markets reopen from holidays, as investors catch up with the global equities rally driven by optimism the US and Iran were nearing a deal to end their conflict.
Eli Lilly & Co. is seeking to raise about $8 billion from an investment-grade bond sale, according to people with direct knowledge of the matter, as part of the company’s effort to fund an acquisition spree.
Alphabet Inc. has kicked off its latest megabond deal as it returns to the euro market just months after selling nearly $32 billion of dollar, sterling and Swiss franc-denominated notes.
The United Arab Emirates’ flagship oil company Adnoc announced plans to accelerate a growth plan with 200 billion dirham ($55 billion) in project awards spanning upstream and downstream operations, following the country’s exit from OPEC on May 1.
Vietnam’s inflation picked up more than expected in April, as a surge in global energy prices driven by the Iran war began feeding through to transport and input costs.
Emerging-market equities rose to a record high, buoyed by optimism over artificial intelligence and a report that Iran offered a new proposal to reopen the Strait of Hormuz.
Oil prices fell on fresh hopes that elusive peace talks between the US and Iran may materialize after all and pave the way for the resumption of energy flows though the vital Strait of Hormuz.
Treasuries gained for the first time in a week after the Justice Department dropped its investigation into the Federal Reserve, potentially opening a path for President Donald Trump’s pick Kevin Warsh to become Fed chair and push for interest-rate cuts.
