NYC Boosts Security Ahead of ‘All Out for Palestine’ Protest
New Yorkers weighed staying home Friday amid surging tensions spurred by the war between Israel and Hamas, even as Mayor Eric Adams said the city had “no credible or specific threats.”
Bloomberg Business
Israeli Poll Shows Netanyahu’s Popularity Drops as Gantz Surges
A poll conducted by Israeli research institutes signaled that Prime Minister Benjamin Netanyahu’s popularity has dropped since Hamas’s devastating attack last weekend, while that of Benny Gantz, a former general who’s now part of Israel’s “war cabinet,” has surged.
Biden Can’t Squeeze Iran and Russian Oil at Same Time
The US wants to tighten sanctions on Russia and Iran. Doing both at once would carry significant political risks for President Joe Biden as he heads into the 2024 election.
Hunt Signals No UK Tax Cuts as Debt Costs Shrink Headroom
Soaring borrowing costs have left UK Chancellor Jeremy Hunt facing a more difficult fiscal position in his economic statement next month than in March, all but ruling out the tax cuts his Conservative Party wants.
Hezbollah Says Ready to Act as Iran Diplomat Meets Militants
Lebanon’s Hezbollah militant group said it was prepared to act against Israel over its war in Gaza after its sponsor, Iran, warned the continued blockade of the Palestinian enclave could open up a new front in the conflict.
Bullard Says Fed May Need to Hike Rates Further If Inflation Quickens Pace
Former Federal Reserve Bank of St. Louis President James Bullard said investors were too complacent on inflation and the central bank might have to increase interest rates as high as 6.5% if it starts to rise again.
Erdogan Says US Support for Kurdish Militants Threatens Turkey
President Recep Tayyip Erdogan accused the US of undermining Turkey’s national security by supporting “terrorists” in Syria as he challenged a White House statement that accused Turkey of hurting American interests in the Middle East.
Yellen, PBOC’s Pan Hold ‘Substantive and Productive’ Talks
US Treasury Secretary Janet Yellen and Pan Gongsheng, governor of the People’s Bank of China, held talks Friday in Marrakech, Morocco, extending a series of high-level meetings that could lead to another summit for Presidents Joe Biden and Xi Jinping next month.
UBS Cuts About Two Dozen Bankers in Asia on China Slowdown
UBS Group AG has trimmed about 7% of its global banking unit in Asia, as slowing Chinese growth prompts the arm’s first redundancy round of the year.
Squarepoint Follows Citi Buying Russian Aluminum on the LME
Hedge fund Squarepoint Capital LLP has in the past month bought more than $100 million of largely Russian aluminum from the London Metal Exchange, the latest example of financial firms buying up metals as weak demand creates a build-up of stocks.
