WORLD
BofA agrees to settle claims it aided Epstein sex crimes
The tentative agreement was noted Monday in the court docket in the case. Terms of the deal were not immediately available
WORLD
Iran war spurs a surge in stock sales from US shale companies
With West Texas Intermediate crude prices at times topping $100 a barrel, investors have poured cash into shares of energy producers
WORLD
IEA says more emergency oil stocks available as war drags on
The International Energy Agency says it can release more oil reserves if needed after the Iran war disrupted supplies through the Strait of Hormuz and pushed global crude prices sharply higher.
WORLD
US, China mull ‘board of trade’ to manage bilateral economy ties
The United States and China are considering a new trade mechanism ahead of a possible summit between Donald Trump and Xi Jinping to manage tariffs, trade flows and broader economic ties.
BUSINESS
Dollar heads for worst day in over a month as oil prices decline
The Bloomberg Dollar Spot Index fell on Monday from its highest level of the year, trading 0.6% lower for its biggest drop since Feb. 9
BUSINESS
LME trading halt hits metals markets from aluminum to zinc
The outage comes during a volatile period for metals as the war in Iran disrupts flows of industrial metals, including aluminum and zinc, and clouds the outlook for longer-term usage
WORLD
US stocks join bonds higher as oil declines to $95
While traffic through Hormuz remains at a near-standstill amid the Iran war, US crude fell to around $95 as a trickle of vessels started to find a way through the oil route
WORLD
Pakistan oil tanker transits Hormuz after hugging Iran coast
The Karachi, controlled by Pakistan’s National Shipping Corp., made the perilous journey over the course of Sunday, according to data compiled by Bloomberg
BUSINESS
Russian oil price in India hits record as demand for Urals grows
The spike follows higher global oil prices amid the ongoing war in the Middle East. The discount on Russia’s crude shipped to Indian ports narrowed to $4.80 a barrel versus the global benchmark
BUSINESS
Reliance working with six investment banks for Jio IPO: Report
Jio is moving ahead with what might be India’s largest-ever initial public offering
MARKETS
Dubai stocks fall into bear market as Iran war enters third week
Dubai stocks slip into bear-market territory as the Middle East war hits flights, real estate, tourism and the emirate’s safe-haven appeal.
WORLD
Saudis give oil buyers Red sea option as Hormuz crisis persists
Buyers who choose Yanbu will only get a portion of their monthly supply due to constraints on how much crude the pipeline to the port can carry, said traders who have been informed by state-run Saudi Aramco.
CRYPTOCURRENCY
Bitcoin climbs in Asia as other markets remain tepid
Bitcoin has weathered the war with Iran, which broke out at the end of February, better than many traditional assets. Gold is down 4.9% this month, while Bitcoin is up 12.5%.
WORLD
China’s economy gets off to better-than-forecast start to year
Retail sales rose 2.8% in the first two months, accelerating from 0.9% in December and topping the 2.5% median forecast of economists surveyed by Bloomberg.
BUSINESS
Gold falls below $5,000 as Mideast war keeps oil prices elevated
Crude surged after US attacks on Iran’s main oil-export hub were followed by retaliatory attacks by Tehran on energy infrastructure in various Arab states.
WORLD
Gulf economies at risk of worst slump since 1990s on Iran war
Qatar and Kuwait could each see their gross domestic product contract by 14% this year should the conflict continue through April
BUSINESS
IEA says oil from emergency stocks to flow immediately in Asia
Buyers in Asia are most reliant on flows from the Middle East, so the speed of reserve releases is particularly key for the region
MARKETS
Stock trader’s guide to navigating supply disruption by Iran war
Global stocks have lost 5.5% since the conflict began, heading for their worst monthly performance since 2022, with Asia being the hardest hit.
BUSINESS
Oil market set for tumultuous week as Kharg attack raises stakes
Crude benchmark Brent rallied 11% last week, hitting a high of $119.50 a barrel — back toward levels seen after Russia’s invasion of Ukraine — before closing just above $103.
WORLD
Key UAE port suspends oil loadings after drone attack, fire
Exports of crude and fuels at the port of Fujairah, which lies outside the Persian Gulf, were halted earlier as a precautionary step
WORLD
One war, one wild week: Here's how the Iran war rattled global economy
Oil surged above $100 and Strait of Hormuz traffic plunged as the Iran war disrupts energy flows, raising fears of a new global economic shock.
BUSINESS
Iran oil hub strike raises risk of further disruptions to supply
Iran is heavily reliant on Kharg Island, which processes about nine out of every 10 barrels of its crude exports — mostly to China.
WORLD
Elon Musk's ketamine use can't be probed in OpenAI fraud trial
The trial, scheduled to begin April 28, will revisit the founding years of OpenAI a decade ago, its falling out with Musk and Microsoft Corp.’s subsequent $13 billion investment in the startup.
WORLD
Fuel shortages from war begin to threaten global food supply
If farmers can’t get enough diesel, sowing could be delayed or reduced. Mature crops left in the ground would deteriorate, while the cost of processing and transporting produce after harvest would also increase.
