Market News
- US Not Considering an Energy Export Ban, Secretary Wright Says
on April 28, 2026 at 10:53 amUS Energy Secretary Chris Wright says the US is “absolutely not” studying a ban on energy exports amid rising oil prices. Wright discusses Iran’s oil storage capacity, the Trump administration’s stance on negotiations with Iran, and plans for pipeline agreements in Europe. (Source: Bloomberg)
- Bank of Italy Urges Meloni Government to Keep Eye on Spending
by Alessandra Migliaccio on April 28, 2026 at 10:52 amItaly needs to watch its spending if it wants to stick to European Union fiscal rules despite a worsening economic growth scenario, Bank of Italy official Andrea Brandolini said.
- Barrick Picks New York for Gold Spinoff Later This Year
by Thomas Biesheuvel, Sybilla Gross on April 28, 2026 at 10:50 amBarrick Mining Corp. said it plans to list its North American operations in New York and reaffirmed that it’s on track to complete the initial public offering by the end of this year.
- BYD Quarterly Profit Drops to Lowest in Years Amid Price War
by Charlie Zhu, Chunying Zhang on April 28, 2026 at 10:43 amBYD Co.’s quarterly profit tumbled to its lowest level in more than three years as the the world’s largest maker of electric vehicles offered more discounts on its cars to fend off mounting competition.
- Funds Pitching SpaceX Rush to Lure Retail Investors Before IPO
Demand drove one fund to a 3,000% premium to net asset value
- UK Bond Selloff Sends 10-Year Yield Back to 5% Ahead of BOE Meet
The UK’s government bonds are sliding on pressure from surging oil prices and political risks, […]
- Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains
Data from millions of accounts shows that trading and profits are dominated by a tiny slice of […]
- Oil Shock Starts to Seep Into Earnings and Stock Prices
More bitter surprises may be in store in this week’s flood of results.
- What I Saw in the Room With Trump at DC Gala Shooting
The White House will review security at major events involving President Trump — after a gunman […]
- Vietnam Gas Major Looks to US as Iran War Reorders LPG Flows
PetroVietnam Gas JSC plans to import more liquefied petroleum gas from the US than its traditional […]
- Tech Drags Stocks Lower as Brent Tops $110 Again: Markets Wrap
Technology stocks led equity markets lower as concerns over whether the vast amount of investment […]
- Gold Retreats as Traders Weigh Diplomatic Push to End Iran War
Gold declined as the Strait of Hormuz stayed largely closed to shipping, despite the latest efforts […]
political news
- Bank of Italy Urges Meloni Government to Keep Eye on Spendingby Alessandra Migliaccio on April 28, 2026 at 10:52 am
Italy needs to watch its spending if it wants to stick to European Union fiscal rules despite a worsening economic growth scenario, Bank of Italy official Andrea Brandolini said.
- Net Zero Migration Would Shrink UK Population by 4 Million
by Tom Rees on April 28, 2026 at 10:44 amNigel Farage’s Reform UK rose to prominence advocating “net zero migration” after a post-pandemic surge in arrivals into Britain. But new official projections show such a policy would cut the UK’s population by almost 4 million by 2050 with potentially severe economic consequences.
- Hungary Ruling Party Leaders Reject Orban’s Resignation Offer
by Thomas Escritt on April 28, 2026 at 10:40 amHungary’s outgoing premier Viktor Orban offered to resign as his party’s president after a disastrous election, though the Fidesz leadership rejected it for now, Telex news website reported, citing party officials.
- The Divide in US-Iran Diplomacy Then and Now
by Golnar Motevalli on April 28, 2026 at 10:01 amThere are growing signs of frustration within the international community over the US-Iran standoff.
- Japanese Crude Supertanker Attempts Hormuz Exit in War’s First
by Weilun Soon on April 28, 2026 at 9:01 amA laden Japan-linked supertanker appears to be sailing through the Strait of Hormuz, in what may be the first attempt by an oil carrier from the country to leave the Persian Gulf since the Iran war began.
- Trump Discusses Iran Proposal With Aides, White House Says
The White House said US officials were discussing Iran’s latest proposal but maintained “red […]
- Xi Tests China’s Reach by Blocking Meta Deal That’s Already Done
China has sought for years to exert influence over business deals beyond its home turf. Still, its […]
- Mexico Arrests Cartel Boss With $5 Million US Bounty on Head
Mexico arrested a senior underworld figure with a $5 million bounty on his head who was sought for […]
- Starmer Counts on Labour Support Ahead of Mandelson Showdown
Any hope that Keir Starmer had of putting aside the Peter Mandelson saga will have to wait as the […]
- White House Security in Spotlight | Balance of Power: Late Edition 04/27/2026
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On […]
Wealth
- NBIM CEO Sees Market Gains as AI Offsets Energy Inflation
by Heidi Taksdal Skjeseth, Francine Lacqua on April 28, 2026 at 9:06 amThe advent of the AI era is canceling out some of the inflationary impact of the energy price surge from the Middle East war, helping markets absorb the shock, Norway’s sovereign wealth fund Chief Executive Officer Nicolai Tangen said.
- US-Iran War Injects Fresh Volatility Into Indian Markets. Here’s Where to Invest 10 Lakh Rupees
by Advait Palepu, Savio Shetty on April 28, 2026 at 1:00 amThe US-Iran war, equity market turbulence and rupee pressure have added new uncertainties to Indian markets. Four financial experts weigh in on how to invest and earn better returns right now.
- Husband, Wife Behind Sanctioned China Oil Firm Lose $1.4 Billion
by Diana Li on April 27, 2026 at 8:34 pmOil volatility from the Iran war had until recently lifted the fortunes of Fan Hongwei and her husband, Chen Jianhua, who together built Hengli Group into one of China’s biggest energy companies.
- Ray-Ban Heir Wins Approval for €10 Billion Buyout of Siblings
by Daniele Lepido, Antonio Vanuzzo on April 27, 2026 at 7:31 pmEssilorLuxottica SA heir Leonardo Maria Del Vecchio agreed to buy two of his siblings’ stakes in the family holding company for about €10 billion ($11.7 billion), people familiar with the matter said, becoming the largest single investor in the Ray-Ban empire built by his father.
- Retailers Battling Swipe Fees Are Pushing Back on Settlement
by Paige Smith, Patricia Hurtado on April 27, 2026 at 7:10 pmTrade groups representing major retail chains including Walmart Inc. told a federal judge that they opposed a proposed $200 billion settlement in a longstanding antitrust suit against Visa Inc. and Mastercard Inc. over so-called swipe fees.
Tech & Innovation
- Chinese Billionaire Overhauls AI Startup After Warning on Manus
by Haze Fan, Zheping Huang on April 28, 2026 at 10:45 amThe fallout from Meta Platforms Inc.’s controversial acquisition of Manus is prompting one tech founder to erect strict walls between his Chinese and US businesses, calling it a regrettable but necessary template for navigating geopolitical tensions.
- GoTo Posts First-Ever Net Income After Cost Cuts Bear Fruit
by Olivia Poh on April 28, 2026 at 10:37 amGoTo Group reported its first-ever net income, a major milestone in the Indonesian ride-hailing and food delivery company’s turnaround effort as it seeks to gain fresh momentum in its long-standing rivalry with Grab Holdings Ltd.
- Funds Pitching SpaceX Rush to Lure Retail Investors Before IPOby Yazhou Sun on April 28, 2026 at 10:17 am
Demand drove one fund to a 3,000% premium to net asset value
- Spotify Gives Weak Outlook For Operating Income; Shares Sink
by Ashley Carman on April 28, 2026 at 10:01 amSpotify Technology SA, the music streaming leader, reported results that underwhelmed Wall Street, forecasting operating income in the current quarter that missed analysts’ estimates.
- BlackRock Targets the Idle Cash Piling Up on Crypto Exchanges
by Isabelle Lee on April 28, 2026 at 10:00 amBlackRock Inc. is bringing its roughly $2.5 billion money market fund to cryptocurrency exchange operator OKX, with Standard Chartered Plc holding the underlying assets — the latest sign that Wall Street infrastructure and digital-asset markets are converging.
