BASF Hikes Prices Again for Plastic Additives on War Disruption
BASF SE is raising prices on plastic-protecting chemicals, commonly used in the car and consumer goods industries, for a second time since the start of the Iran conflict in February.
Information
Global oil futures top $100 again after U.S.-Iran peace talks canceled
West Texas Intermediate and Brent crude prices rose after Jared Kushner and Steve Witkoff were told not to travel to Pakistan for negotiations
Power Trader Whose Error Caused Crash Faces $11 Million Fine
A Swedish power trader behind a major collapse in Finland’s electricity market in 2023 is facing a €9.25 million ($11 million) fine.
Information
Why JPMorgan is telling investors to keep buying the dips even as market hits new highs
Investors should be using any geopolitically-induced weakness as buying opportunities, says JPMorgan. Rate expectations are likely to come lower in the second half while earnings growth forecasts are rising.
Information
Odd Lots: What’s Actually Going On With Private Credit (Podcast)
The private credit market has grown enormously fast in recent years — so much so that by some estimates it’s now bigger than the market for junk-rated corporate bonds. So what’s driven all that growth? What impact has private credit had on other types of corporate debt? And why are there so many concerns around the space right now? In this episode, we speak with John Sheehan and Craig Manchuck, two veteran portfolio managers for the strategic income fund at Osterweis Capital Management. We talk
Information
Adidas claims the first sub 2-hour marathon winner. But good luck getting the winner’s sneakers.
Talk about a missed opportunity: the first competitive marathon runner to complete the race in under two hours wore Adidas sneakers — but runners who want to wear the same gear are not able to order it.
Iran Said to Offer US New Proposal to Reopen Strait of Hormuz | Daybreak Europe 04/27/2026
On today’s show, Iran has reportedly offered the US a new proposal to reopen the Strait of Hormuz. Oil pared gains and stocks advanced following the report by Axios. Iran’s semi-official news agency, Tasnim, says nuclear issues will not be discussed until the US ends its blockade of Hormuz. Axios says President Trump will hold a White House Situation Room meeting today.
And bond traders will be keeping a close eye on this week’s rate decisions by the world’s most important central banks. The Fed is set to lead the way with a hold, as policymakers watch for the impact of higher energy costs on inflation. The Bank of Japan, Bank of England and European Central Bank also publish rate decisions this week.
Correct: Video edited at 00;39;30 to show images of HSBC bank (Source: Bloomberg)
Emirates NBD Plans Middle East’s First AT1 Bond Sale Since War
Emirates NBD Bank PJSC is looking to sell an Additional Tier 1 bond, in what would be the first offering of the riskiest type of bank debt by a Middle Eastern lender since the start of the war.