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Mortgage Rates Drop for Second Week to 6.3%, Freddie Mac Says
Mortgage rates in the US fell for a second week as the spring home sales season gets off to a sluggish start.
Investment grade diamond sales up 40% in 2025 — Alrosa
The company noted growing demand for investment grade diamonds in Russia in October 2025
Oil revenues in April, May to differ from Q1 figures — Russian finance minister
Anton Siluanov noted that extra oil and gas revenues will make it possible to compensate the shortfall in the industry income suffered in the first quarter
Why Oil Futures Are Trading Way Below Real-World Prices
Six weeks into the Iran war, crude oil markets are experiencing one of their worst-ever disruptions, triggered by the near-closure of the Strait of Hormuz. Hundreds of ships are bottled up in the Persian Gulf, unable to carry their cargoes out of the region.
Europe’s Auto Heartland Saw Cash Flow Nearly Halve Since 2019
Europe’s auto industry has a growing cash problem, even as earnings still look steady.
Stock markets rally despite Iran war fears
Investors appear to be looking beyond current fears linked to the Iran war. CBS News' Jill Schlesinger reports.
Uranium Royalty to Buy Sweetwater in $1.1 Billion Nuclear Fuel Deal
Uranium Royalty Corp. agreed to buy Sweetwater Royalties for about $1.1 billion in a deal that would create a new US-listed company to capitalize on growing demand for nuclear fuel.
Hong Kong leader John Lee, EU officials meet to discuss trade, cooperation
Hong Kong leader John Lee Ka-chiu has met European Union representatives to discuss opportunities for cooperation, with the chief executive saying both sides highlighted a shared belief in multilateralism amid increasing tensions and market turmoil. Ambassador Harvey Rouse, head of the EU Office in Hong Kong, called for both sides to work together, describing the 27-member bloc as a “very dependable partner in an increasingly volatile world”. Local officials attending the lunch meeting on...
Renault to Cut Up to 20% of Engineers, Morocco Among Affected Sites
Marrakech – French carmaker Renault plans to reduce its engineering workforce by 15% to 20% over the next two years, with Morocco among the countries where cuts will be applied. The company confirmed the decision on Tuesday through a spokesperson, describing the move as part of a broader push to stay competitive. As reported by AFP and Reuters, the reductions will affect up to 2,400 engineers out of a current global workforce of 11,000 to 12,000. Renault had 100,541 total employees at the...
Fed's Miran Says War Hasn't Changed Inflation Outlook 12-18 Months Out
Federal Reserve Governor Stephen Miran explains why he thinks it makes sense for interest rates to be lowered during a Bretton Woods event in Washington, D.C. (Source: Bloomberg)
Sber ready to offer access to cryptocurrency trading if regulation emerges
The Bank of Russia still continues to view cryptocurrencies as a high-risk instrument
Amalgamated CEO: Rates Aren’t Everything
Amalgamated Bank CEO Priscilla Sims Brown joined Bloomberg Open Interest to break down why her bank is thriving in a “higher for longer” rate world. She reveals why loyal, values-driven clients matter more than interest rates, highlights booming demand in clean energy lending, and hints at a wave of potential bank mergers ahead. (Source: Bloomberg)
Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?
Experts say US market ‘may have run ahead of itself’, while the ASX 200’s more modest recovery is due in part to Australia’s reliance on fuel importsGet our breaking news email, free app or daily news podcastOne day the IMF warns of a global recession, the next day stocks on Wall Street hit a record high.From looking at the complete U-turn in fortunes in America, you wouldn’t know the world was in the grips of an unprecedented energy shock. Continue reading...
SEC Asks for Input on Slimming CAT Trade Data Collection, Costs
The Securities and Exchange Commission asked for industry input on how to trim down the cost and scope of trading data that exchanges and brokers report to a centralized database.
Cheaper Doritos and Lays helps PepsiCo win back struggling snackers
Cheaper Doritos and Lays helps PepsiCo win back struggling snackers10 minutes agoShareSaveAdd as preferred on GoogleArchie MitchellBusiness reporterGetty ImagesCutting the cost of Doritos and Lays crisps helped PepsiCo win back snackers after a backlash over rising prices.The food and drinks giant said on Thursday sales had jumped 8.5% in the first three months of the year to $19.4bn (£14.4bn).It followed a series of price cuts ahead of the Super Bowl, some worth as much as 15%, on products incl...
Trump's Hormuz Blockade Is Bold Move, Says Ret. Lt. Gen. Gibson
Retired Lt. General Karen Gibson and former US Central Command director of intelligence, says President Donald Trump's blockade of the Strait of Hormuz is a "bold move." She says this could force Iran to make additional concessions to the US during peace talks. (Source: Bloomberg)
Bank of Ireland Proposes Ditching London Listing to Save Costs
Bank of Ireland Group Plc is proposing delisting from the London Stock Exchange as it looks to control costs, citing low trading in its shares on the exchange.
Oil Prices to Have Muted Impact on Economy, UBS's Lovell Says
Nadia Lovell, UBS Global Wealth's head of global equity strategy, discusses the impact of rising oil prices on the US economy and corporate earnings during an interview on "Bloomberg Open Interest." (Source: Bloomberg)
Portugal Sells Offshore Yuan Bonds in First For Euro-Area
Portugal has become the first euro-area country to tap the offshore renminbi bond market, raising the equivalent of about €250 million as it seeks to diversify its funding sources.
Karachi Mandi 2026: Commissioner issues major update on cattle market rules
Must ReadPakistanKarachi Mandi 2026: Commissioner issues major update on cattle market rulesBy Rafay Hussain-Apr 16, 2026KARACHI: The Karachi administration has decided to enforce a strict regulatory framework for setting up cattle markets (Karachi Mandi) ahead of Eid-ul-Adha, making it mandatory to obtain official permits. The decision was taken in a meeting chaired by Commissioner Karachi, Syed Hassan Naqvi, with all deputy commissioners and representatives of local government institutions in...