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Shell Plc said its second-quarter profit jumped on the back of an oil-refining boom and another robust period for energy trading as the Iran war upended the makret.
Anglo American Plc posted a jump in profit and raised its dividend as it joined rival miners in cashing in on record copper prices.
Shell Chief Executive Officer Wael Sawan says the company is "built to be able to handle volatility." He adds that Shell also had record utilization in its refining business. "We haven't seen that in over a decade," Sawan tells Bloomberg Television as the company said adjusted net income rose to $9.
30-year Treasury bonds faced backlash after the Fed kept rates unchanged but investors were worried about Kevin Warsh’s future plans to tame inflation. Rachana Mehta, Head of Regional Fixed Income at Maybank Asset Management spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Structured notes, sports index futures, ETF proliferation and AI slop.
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Trump says will hit Iran hard after attack, was briefed on Egypt tanker Reuters
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US strikes $58.6 billion Patriot missile deal amid rising stockpile concerns Reuters
Qatar has sent its first shipment of liquefied natural gas through the Strait of Hormuz since one of its tankers was attacked in the waterway more than three weeks ago.
South Korean stocks swung between gains and losses following a two-day rout as investors digested Samsung Electronics Co.’s better-than-expected earnings and the government announced additional measures to help stabilize the market.