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China Cuts Fuel Output, Lifts Aluminum After Gulf Supply Shock
China processed less crude oil last month, as refiners cut run rates to conserve supplies snarled by war in the Persian Gulf.
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HSBC’s George Sees Prolonged Energy Market Volatility
Patrick George, Global Head of Markets and Securities Services at HSBC, says disruptions from the Iran conflict will continue to put pressure on energy markets. However, he says the financial sector is well equipped to navigate the uncertainty, while gold as an asset class for diversification is likely to trend higher. (Source: Bloomberg)
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China’s Economy Revs Up Despite War as Growth Tops Forecasts
China’s economic growth rebounded more than expected in the first quarter of 2026, suggesting limited spillovers so far from the war in Iran and giving policymakers more time to be patient with rolling out additional stimulus.
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NJ Transit to Announce Pricey FIFA Ticket for World Cup Matches
New Jersey Transit plans to announce a special FIFA ticket on Friday that could cost more than $100 for riders going to MetLife Stadium for World Cup games.
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Aerospace, Defense Parts Maker Arxis Raises $1.13 Billion in IPO
Arxis Inc., a maker of electronic and mechanical parts for aerospace and defense firms, raised $1.13 billion in an upsized initial public offering.
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Australia Unemployment Holds at 4.3% Even as Full-Time Jobs Jump
Australian unemployment held steady in March as hiring persisted in the face of shockwaves from the US-Israeli war on Iran, which has driven up fuel prices and given another leg up to inflationary pressures.
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Taiwan Market Cap Tops $4 Trillion on AI Boom, Overtaking UK
Taiwan overtook the UK in stock market value as the island’s tech firms regained favor amid hopes for further de-escalation in the Iran war.
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Malaysia Plans to Use Tycoon Amin’s New Migrant Worker System
Malaysia is planning to adopt a new foreign worker recruitment system developed by Bestinet Sdn., the company founded by labor tycoon Aminul Islam, according to six people familiar with the matter.
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Indian Fund Outperforming 98% of Peers Bets on Defense Stocks
A $3 billion fund at Kotak Mahindra Asset Management Co. is backing Indian defense stocks, wagering that geopolitical tensions will boost local arms production and support the government’s efforts to lower reliance on imports.
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Why a US-Iran Peace Agreement Could Take Months To Seal
The Council on Foreign Relation's Linda Robinson tells Bloomberg TV a peace deal between the US and Iran would likely require months of negotiation and rely on complex on technical discussions, and that keeping the Strait of Hormuz closed for such an extended time period would be very difficult. (Source: Bloomberg)
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Indian Officials See Iran War Oil Shock as Disruptive as Covid
Indian officials say the Iran war could be as disruptive to the economy as the Covid pandemic was six years ago and the damage could linger for years to come, threatening to knock the world’s fastest-growing major nation off its path.
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Aussie-Yen Climbs to Highest Since 1990 as Risk Rally Builds
The Australian dollar rose to its strongest level in more than three decades against the yen, underscoring a rebound in risk sentiment amid optimism around a longer-term US-Iran ceasefire.
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China’s Foreign Exchange Purchases Hit Record High in March
China’s onshore foreign exchange buying surged to a record high in March, driven by robust imports and global market jitters triggered by escalating conflict in the Middle East.
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Gold Traders Win More Pay in Hong Kong as Talent Fight Heats Up
Gold traders in Hong Kong are commanding higher pay packages, as established global banks compete for talent with new entrants to the city’s growing precious-metals market.
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How Iran and the US Are Positioning Themselves for Talks
Bloomberg's Michael Heath breaks down the strong rhetoric coming from both the US and Iranian side over the Strait of Hormuz closure, and discusses the likelihood of negotiations resuming. (Source: Bloomberg)
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Singapore Dollar May Outperform Peers as Yuan Link Deepens
The Singapore dollar may maintain its lead over Southeast Asian peers as it trades increasingly in lockstep with the offshore yuan, a Bloomberg analysis shows.
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Taiwan Insurers’ Hedging Pivot Cements Global Bond Prowess
A fundamental shift in how Taiwan’s life insurers manage their $700 billion overseas portfolio is reinforcing the island’s position as a key global bond investor, strategists say.
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‘Significant’ Fire at Viva Energy’s Geelong Refinery
Refinery fire in southeastern Australia is expected to impact fuel production, Energy Minister says.
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Plata Hits $5 Billion Valuation in Bicycle Capital-Led Funding
Plata raised $405 million in a new funding round that values the Mexican fintech at $5 billion — the most in Latin America for a privately-held financial services firm.
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Gold Rises as Push for US-Iran Diplomacy Eases Inflation Risk
Gold advanced as a renewed push for a diplomatic resolution to the Iran war eased inflation concerns, despite continued tensions around the Strait of Hormuz.
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ECB Officials Are Leaning Toward April Rate Hold
Policymakers at the European Central Bank are leaning toward keeping interest rates unchanged this month, postponing their verdict on whether the fallout of the Iran war warrants a response, according to people familiar with the debate.
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Stock Rally Builds on US-Iran Plan, Dollar Weakens: Markets Wrap
Asian shares advanced as investors piled back into equities on signs the US and Iran may extend a ceasefire, helping markets unwind war-driven risk premiums.
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Oil Steady on Signs US, Iran Working Toward Ceasefire Extension
Oil steadied on signs the US and Iran may extend a ceasefire and restart talks to end the war that’s rocked energy markets.
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Vietnam Rushes Biofuel Rollout as Iran War Prompts Energy Pivot
Vietnam has moved up its timeline for the mandatory use of biofuel despite concerns over supply levels, quality and cost, as it seeks to strengthen energy security while the Middle East conflict drags on.
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Sotomayor Apologizes for ‘Hurtful’ Criticism of Kavanaugh
Supreme Court Justice Sonia Sotomayor issued a rare public apology for criticism she levied toward Brett Kavanaugh during a speaking appearance.
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Ford’s Top EV Executive Departs in Sweeping Reorganization
Ford Motor Co.’s top electric vehicle executive — whose arrival at the automaker was heralded as a “watershed moment” — is leaving the company as part of a sweeping reorganization to merge its EV and manufacturing operations. Doug Field, 61, said Wednesday he’s stepping down from his position as chief EV, digital and design officer to pursue undefined opportunities sharing what he’s learned from his career at Ford, Apple Inc. and Tesla Inc. Ford said Field’s duties will be assumed by Chief Operating Officer Kumar Galhotra. Bloomberg's Craig Trudell joins to discuss. (Source: Bloomberg)
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TSMC Rides Retail Frenzy to New Stock Highs as AI Boom Returns
A surge of retail investor buying has helped drive shares of Taiwan Semiconductor Manufacturing Co. to a record high as the artificial intelligence trade roars back to life.
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Hedge Funds Pivot to Bearish Dollar Bets on US-Iran Talks Optimism
Hedge funds are increasingly downbeat on the dollar as the prospect of a two-week ceasefire extension between the US and Iran sap the currency’s war-driven strength.
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Evergrande Liquidators Said to Pick State-Owned Tourism Firm for Exclusive Sale Talks
China Evergrande Group’s liquidators have selected Guangdong Provincial Tourism Holdings Co. to enter exclusive talks to acquire a majority stake in the developer’s property management unit, people familiar with the situation said, as they try to claw back some money from one of the country’s most significant corporate collapses.
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Indonesia’s Rating Most at Risk in Southeast Asia Amid War, S&P Says
Sovereign ratings in Southeast Asia are expected to come under strain, with Indonesia’s particularly at risk in case of a prolonged Middle East conflict, S&P Global Ratings said.
