Bloomberg Markets
No region of the world produces more oil and gas than the countries straddling the Persian Gulf. Most of this energy can only be exported aboard tankers that cross the Strait of Hormuz — a waterway that’s effectively been closed for more than three months since the US and Israel started a war against Iran in late February.
Bloomberg Markets
IMF Managing Director Kristalina Georgieva tells Francine Lacqua the interview question she asks every candidate, reflects on a career setback that ultimately changed her life, and shares what keeps her up at night as she prepares for the next global shock. (Source: Bloomberg)
Bloomberg Markets
The US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for 60 days of negotiations on the fate of Tehran’s nuclear program. (Source: Bloomberg)
Yahoo Finance
Bloomberg Markets
Philippine President Ferdinand Marcos Jr. called Congress to a special session on June 17 to pass priority legislative measures, hoping lawmakers will set aside political distractions.
Bloomberg Markets
In the wake of the 12-day US-Israel and Iran war a year ago, Siemens Energy AG sent a person driving from Saudi Arabia’s Red Sea port of Jeddah across the Arabian peninsula to the industrial hub of Dammam to study an alternative route in case the crucial Strait of Hormuz was shut down.
Bloomberg Markets
The government’s move to lower taxes on certain sectors including cement and textiles is likely to support related shares as Pakistan looks to balance growth and compliance with its promises to the International Monetary Fund.
Bloomberg Markets
London Bullion Market Association CEO Ruth Crowell thinks the narrative of gold's status as a safe haven still holds. She adds that it's important to measure safe haven status in years rather than weeks or months. She speaks with Paul Allen on "Insight with Haslinda Amin." (Source: Bloomberg)
Bloomberg Markets
Lubrizol Corp. President & CEO Rebecca Liebert expects to double its revenues in India over the next five years, and says the company has put a lot of investment in this market to enable that growth. She speaks with Paul Allen on "Insight with Haslinda Amin." (Source: Bloomberg)
Bloomberg Markets
Swiss voters opted to play it safe on Sunday, rejecting an unprecedented proposal to cap the country’s population at 10 million people as economic risks overcame elevated concerns about immigration.
Yahoo Finance
Financial Times
The fintech’s model is proving more suitable for international scaling than the often outdated systems of legacy rivals
Financial Times
Fuel shortages are plaguing Russian-occupied peninsula that is ‘very easy to capture and very hard to keep’
Financial Times
Company with $5.6bn valuation has seen 900% more website visits since its Jude Law-fronted campaign