Iraq’s state oil marketer offered buyers contractual crude supplies for October at discounts of as much as $37 a barrel to regional benchmarks, according to a document obtained by Bloomberg.
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan Chase & Co. and Goldman Sachs Group Inc.
US stocks and Treasuries rose with the Federal Reserve’s favored inflation gauge and earnings from Micron Technology Inc. due, updates that are key respectively to interest rates and the artificial-intelligence trade.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Mads Pedersen, CIO of Human Edge Investment Technology, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to look ahead to the PCE data. (Source: Bloomberg)
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Wei Li, BlackRock Global Chief Investment Strategist; Vincent Policard, KKR Co-Head of European Infrastructure; Luigi Lovaglio, Banca Monte dei Paschi di Siena CEO (Source: Bloomberg)
Banca Monte dei Paschi di Siena Chief Executive Officer Luigi Lovaglio tells Bloomberg Television he is confident shareholders will recognize the value of his twin takeover offers for Banco BPM and Banca Generali. "We are building an Italian champion," Lovaglio says. The CEO needs support from at least two thirds of the votes cast at a shareholder meeting on Oct. 29 to proceed with his plan. Lovaglio speaks to Bloomberg's Francine Lacqua. (Source: Bloomberg)
European Union countries agreed their stance on rules that will allow the bloc to ban the use of prohibited pesticides in imports from third countries, overcoming a key hurdle for a regulation that has angered major trading partners.
Ken Griffin is donating $3 billion to Carnegie Mellon University, including funding for a new Miami campus, in the largest single gift ever to a US university and the latest expansion of his influence in South Florida. Janet Lorin reports. (Source: Bloomberg)
Dangote Petroleum Refinery and Petrochemicals FZE picked Honeywell Technologies for a $300 million contract to provide engineering services and technology at its planned Kenya refinery slated to be finished in record time.
Colombia’s central bank is expected to hold interest rates Wednesday in a split decision, though analysts still see policymakers resuming hikes later as inflation pressures persist.
Strong earnings are keeping equities on solid ground, but a deeper acceleration in the fall in bonds could quickly test that resilience, according to Peter Oppenheimer at Goldman Sachs Group Inc.
Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he’s confident shareholders in his bank as well as the two lenders he seeks to acquire will recognize the value of his twin takeover offers.
Coca-Cola Co. is considering filing a draft prospectus in December for an initial public offering of its Indian bottling unit, according to people familiar with the matter.
Hao Dong, a former commodity portfolio manager at Singapore’s sovereign wealth fund GIC Pte., is starting a hedge fund that is seeking to raise as much as $300 million to invest in raw materials and other assets.
A group of banks led by Bank of America Corp. and Deutsche Bank AG offered a rare concession to help get a €2.8 billion ($3.2 billion) financing deal for Platinum Equity’s acquisition of a stake in Nestle SA’s water business across the line.
Inflation in France quickened to the fastest pace in more than two years as surging oil and natural gas costs continue to weigh on Europe’s economy. Inflation in the euro area’s second-biggest economy stood at 3.4% in September, up from 2.6% in August, statistics agency Insee said. The reading keeps pressure on the European Central Bank to continue raising interest rates. Bloomberg's Oliver Crook has the details. (Source: Bloomberg)
The German government has instructed state-owned energy company SEFE Securing Energy for Europe GmbH to procure and store natural gas in the coming weeks as the region faces pressure to bolster unusually low inventories before winter.
Airbnb Chief Experience Officer Hiroki Asai explains how the company seeks to drive deeper brand engagement through real-world experiences. (Source: Bloomberg)
Singaporean state-owned investor Temasek Holdings is expanding operations across the Middle East, with plans to open new offices in Saudi Arabia and the United Arab Emirates from next year as it ramps up investments despite geopolitical tensions in the region.
