Mobius Sees Stocks as ‘Best Turkish Bet’ After Pivotal Elections
Veteran emerging-markets investor Mark Mobius says stocks are the most favorable Turkish asset to invest, whether President Recep Tayyip Erdogan loses the elections or not.
Bloomberg Business
Oil Heads To Fourth Weekly Gain as IEA Sees Higher Price Threat
Oil headed for a fourth straight week of gains, supported by signs of a tightening global market as the International Energy Agency warned of higher prices.
China Sends Defense Minister to Russia for First Time Since War
China is set to send its defense minister to Russia for the first time since President Vladimir Putin ordered the invasion of Ukraine more than a year ago, the latest sign of close ties between Moscow and Beijing.
Finnish Police Seek to Hold Three for Leaking State Secrets
Finland’s National Bureau of Investigation asked a court to hold on remand three persons on suspicion they disclosed national secrets.
Crypto Firm Zipmex’s Buyout Hits Snag as Investor Seeks Haircut
The Thai fund buying struggling crypto exchange Zipmex is seeking to impose a steep haircut on its creditors under a revised buyout proposal.
Russia Oil Cap Works as Planned With Flows Up, Revenue Down
Sanctions on Russia appear to be working as intended, with oil exports in March the highest since Covid yet revenue down by nearly half from a year earlier, data from the International Energy Agency show.
Ukraine Latest: US Reels From Arrest in Massive Documents Leak
The U.S. government is struggling to explain how a 21-year-old man in a junior post was in a position to allegedly leak a massive trove of classified US documents related to the Ukraine conflict.
China Lays Out Three-Point Plan at Global Debt Relief Talks
China said it wants multilateral lenders to participate in the debt restructuring of poorer nations as part of a three-point plan put forward at talks with the World Bank and other creditors in Washington this week.
BofA Strategists Prefer Global Stocks to Tech-Heavy US Market
Investors should avoid US stocks as expectations of a recession have become universal, according to Bank of America Corp.’s Michael Hartnett.
Global Bond Markets Fear Billions Will Vanish If Japan’s Titans Race for Exit
Investors worried about the Bank of Japan’s threat to global markets have a chance to hear from those on the front lines in coming weeks.