Oil prices climb as Trump considers fresh Iran proposal to reopen Hormuz
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Global oil contract tops $110 after reports that Trump unhappy with proposal from Iran to end war
Brent crude futures for June delivery climbed to about $111 a barrel as the endpoint of the conflict remains unclear
Ping An Profit Falls as Market Decline Hurts Investment Returns
Ping An Insurance (Group) Co. said profit fell 7.4% in the first quarter, as declines in China’s stock market dented investment returns.
Barclays Reports £66 Billion Exposure to Non-Bank Lending
Barclays Plc laid out its £66 billion ($89.2 billion) of structured financing exposure to non-banks, becoming the latest lender to make disclosures in an area that’s unnerved investors lately.
Europe Spent €10 Billion on Iran Energy Shock Aid, Bruegel Says
European Union states have committed over €10 billion ($11.7 billion) to shield consumers and businesses as the Iran war drives up energy prices, according to the Bruegel think tank.
Hedge Fund Short Covering Fuels Demand in $5 Billion CATL Deal
Hedge funds bought the bulk of the shares in Contemporary Amperex Technology Co. Ltd.’s $5 billion placement, with at least some of the demand driven by traders seeking to cover short positions on the battery maker’s Hong Kong-listed shares, according to people with knowledge of the matter.
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Supermodel Jessica Stam lists $5 million Maui estate with ocean views, airy charm
Victoria’s Secret model Jessica Stam has put her expansive Hawaii estate on the market for $4.99 million after she traded the hustle of New York for a beach paradise.
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This chart shows why investors should fear for private equity more than private credit
The struggles of the nascent private-capital market, weighed down by lending to software companies whose businesses are under attack from artificial intelligence, has captured the eye of the market and the news media.
Japanese Crude Supertanker Attempts Hormuz Exit in War’s First
A 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.
JPMorgan AM, BlackRock Bet on European Debt After Sharp Selloff
Investors including JPMorgan Asset Management, BlackRock Inc. and MFS Investment Management are buying shorter-term European government debt in an effort to lock in yields before they slip away.