British Firms Fall Flat in Bid to Lift Valuations on Wall Street
More and more UK companies might be touting the lure of deeper capital markets in New York, but few have found success overseas.
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Iran Oil Snapped Up by Chinese Private Refiners as Market Shifts
Private refiners in China, the largest crude importer, are snapping up more Iranian oil as competition for supplies from Russia rises.
Musk Puts $4 Trillion Price Tag on Sticking By Fossil Fuels
Converting the world to entirely clean energy will require $10 trillion worth of investment, but continuing to rely on fossil fuels would cost even more, according to Elon Musk.
India Joining Emerging Asia Peak-Rate Bandwagon Will Buoy Bonds
Expectations that emerging Asia central banks are reaching the peak of their interest-rate hike cycles got another boost after the Reserve Bank of India surprised markets by standing pat on policy, in a bullish sign for the region’s bonds.
Finland’s PM Marin Submits Formal Resignation of Her Government
Finland’s outgoing Prime Minister Sanna Marin has submitted the resignation request of her government to President Sauli Niinisto on Thursday following parliamentary elections last weekend.
First Indian State-Backed Fund Is Said Close to Naming a New CEO
National Investment & Infrastructure Fund, India’s state-backed manager with $4.3 billion of assets, is close to picking a new Chief Executive Officer, according to people familiar with the matter.
US Lawmaker Compares Xi to Hitler in Meeting With Taiwan’s VP
US Representative Michael McCaul compared Chinese leader Xi Jinping to Adolf Hitler while standing alongside Taiwan’s vice president, who is set to compete for the ruling party in an election next January.
More Rockets Fired at Israel From Gaza After Jerusalem Clashes
Israel faced a new barrage of rockets fired from the Gaza Strip Thursday as violence continued a day after Israeli fighter jets hit Hamas weapons manufacturing and storage sites there.
Gold Holds Steady Above $2,000 as US Shows Signs of Slowdown
Gold steadied above $2,000 an ounce as traders digested the latest data from the US and its potential impact on the Federal Reserve’s interest-rate path.
Erdogan Hints at Economic Policy Shift With Ex-Czar Simsek’s Return
Turkish President Recep Tayyip Erdogan said the market-friendly former finance minister Mehmet Simsek is leading an overhaul of economic policy, signaling a possible shift after next month’s elections if the ruling party stays in power.