Bloomberg Top News

The US regional banking system is at risk and the regulator’s failure to update and expand its insurance regime has “hammered more nails in the coffin,” Pershing Square’s Bill Ackman said.

Rising demand for natural gas in Asia and the Middle East is set to offset a decline in other regions this year, helping to keep the global market tight, according to the International Energy Agency.

Oil futures endured a roller-coaster ride as Chinese traders returned after a break, first collapsing to the lowest level since December 2021 in a chaotic opening spell before erasing losses to trade higher.

The world’s biggest chemicals maker reported worse-than-expected earnings and said the global market remained fragile.

Mayfair Equity Partners has made a raft of promotions in London as the mid-market private equity firm bets on the UK’s future as a hub for innovative businesses.

The rally in US Treasuries is set to accelerate as the world’s biggest economy slides toward a recession, strategists say.

US futures and Asian stocks edged higher while European contracts were flat as investors brushed aside the Federal Reserve’s commentary against interest-rate cuts and looked ahead to an eventual pivot to easing.

Samsung Electronics Co. faces its first-ever labor strike after an influential union threatened to stage a walkout to protest wages and the company’s alleged attempts to block labor organization.

Australia will report a federal budget surplus for the first time in 15 years next week, Sky News reported, thanks to strong export prices and record-low unemployment.

ArcelorMittal SA, the world’s top steelmaker outside of China, said first-quarter profit rose as rebounding demand lifted steel prices.