Saudi says Houthis targeted Mecca with a drone, Iran-backed group rejects claim
The Organization of Islamic Cooperation condemned the strike as a "heinous" attack. Mecca is Islam's holiest site and the focal point of the annual Hajj pilgrimage.
Latest (page 23)
Houthi Threat Grows as Saudi Pipeline Shutdown Hits Oil
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more…
Investor Faith in Europe’s Stock Market Shows Signs of Fatigue
Europe’s rally has become more concentrated this year, amplifying risks just as investors turn less optimistic about its economic outlook.
India’s SEBI Is Said to Ease Arbitrage Fund Rules to Aid Auction
India’s market regulator has given arbitrage mutual funds more flexibility in managing their positions, according to people familiar with the matter, seeking to draw a key source of liquidity into the struggling closing auction for stocks.
Software, Platform Stocks Top Asian AI Picks, BofA Survey Shows
Asian software and platform stocks have quickly gained favor with investors, emerging as the region’s most attractive AI trade after ranking near the bottom just a month ago, according to a Bank of America Corp. survey.
UK Inflation Rises to Five-Month High Before BOE Decision
UK inflation climbed for a second month as motor fuel prices jumped, according to official figures a day before the Bank of England announces its interest-rate decision.
Bond yields are spiking, oil is up — but investors aren’t giving up on stocks
Rising Treasury yields, geopolitical risk and fresh AI safety concerns are hitting markets, but many investors remain bullish on AI spending and earnings.
Hong Kong to Launch Dim Sum Bond Index in Offshore Yuan Hub Push
Hong Kong will launch an index for offshore yuan bonds, according to Chief Executive John Lee, betting that a market benchmark can boost trading activity and reinforce the city’s role as China’s premier offshore renminbi hub.
'It's Raining Gold': AI Mints Unexpected Billionaires
The AI boom is creating a new class of billionaires in some unlikely places. Since the rise of ChatGPT in 2022, companies manufacturing overlooked industrial products and obscure hardware have seen their fortunes soar as demand for AI…
Hong Kong's Unprecedented Five-Year Plan
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth…
Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure
Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline.
Wolf: Saudi Pipeline Recovery Not a Quick Fix
Oil dropped as a rally driven by supply disruptions left gains looking overdone, and a US industry report pointed to a rise in stockpiles. The situation in the Middle East remains on an escalatory path, with threats to passage through the Red Sea…
Saudis Pivot to Send More Oil Through Hormuz After Pipeline Shut
Saudi Arabia is ramping up prompt spot sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom’s East-West pipeline, which halted cross-country flows to its Red Sea coast.
Treasury yields hitting 5% may not break markets now — but the clock is ticking
The 10-year Treasury yield hit its highest since 2007, pushing borrowing costs deeper into territory that could expose some of the financial system's weakest links.
Traders Brace for Prolonged India Bond Slump as RBI Mops Up Cash
A sense of unease is gripping India’s bond traders as they fear the central bank’s push to drain excess cash from the financial system, just as inflation picks up and a global debt selloff intensifies, will spark an extended slump.
Korea’s PanStar Plans More Arctic Trips After 20-Day Europe Run
South Korea’s PanStar Group plans to expand Arctic container voyages from next year after completing a trial run to Europe in about 20 days, betting that a seasonal service focused on high-value cargo can compete with larger Chinese operators.
New Zealand Clears Path for Free-Trade Agreement With India
New Zealand’s parliament passed legislation enabling a free-trade agreement with India, clearing the way for a deal Prime Minister Christopher Luxon has described as “once-in-a-generation.”
Hong Kong Plans Faster Tech Hub Development to Boost Home Supply
Hong Kong pledged to accelerate the development of a technology hub near mainland China, building on previous measures to create momentum for the ambitious multibillion-dollar project.
US 10-Year Yield Hits Two-Decade High as Fed Decision Looms
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and…
Grab aims for 'next level' in financial services with purchase of buy-now pay-later platform Atome
Grab is betting $1.49 billion on Atome Financial as it looks to expand its consumer lending business in Southeast Asia.
Investors Look Past Romania Risk to Pocket Junk-Like Yields
Traders are treating Romanian bonds as the European Union’s only junk-rated sovereign debt, with the country’s high yields luring investors despite a protracted political crisis in Bucharest.
PBOC Chief Unfazed by Credit Slump as Era of Surging Loans Ends
China’s central bank governor signaled a long period of massive credit growth has come to an end, in what amounted to a message of reassurance for markets after an abrupt deceleration in lending as the economy loses its appetite for borrowing.
UniCredit Banker Sees Bigger Rally in Soaring Polish Equities
Poland’s revved-up stocks have further to run as new investors pour cash into eastern Europe’s biggest equity market, according to a senior banker at UniCredit SpA.