Author name: Commodities Market Writer

Mark Dowding, chief investment officer for fixed income at RBC BlueBay Asset Management, says markets appear to be complacent about the economic fallout from the Iran war. “It has the echoes of what we saw in the run-up to Covid actually landing on our shores,” Dowding tells Bloomberg Television. “It was only when it disrupted our lives that it really had a greater disruption in financial markets. And I do worry that something similar like that could be true here.”

BP Plc, long the laggard among oil supermajors, is emerging as the sector’s top stock during the Iran war as it reaps “exceptional” trading profits and avoids the scale of production outages hurting rivals like Exxon Mobil Corp.

The Democratic Republic of Congo will create a paramilitary unit to police its mines with funding from the US and United Arab Emirates, the country’s General Inspectorate of Mines said.

President Donald Trump and Vice President JD Vance were evacuated from the White House Correspondents’ Association dinner in Washington on Saturday after shots were fired at the hotel hosting the event. A suspect is now in custody and being questioned, Trump said.

(Source: Bloomberg)

Hong Kong initial public offerings have raised more than HK$140 billion ($17.9 billion) this year, with the city maintaining its position as the world’s top IPO venue, Financial Secretary Paul Chan wrote in his weekly blog.

President Donald Trump and Vice President JD Vance were evacuated from the White House Correspondents’ Association dinner in Washington Saturday after shots were fired at the hotel where the event was taking place. A suspect is now in custody and being questioned, Trump said. (Source: Bloomberg)

In early April — after a month of disruption around one of the world’s most important energy chokepoints — US President Donald Trump wrote that with “a little ​more time, we can easily OPEN THE ​HORMUZ STRAIT, TAKE THE OIL, & MAKE A ⁠FORTUNE.”