Ukraine Recap: Orban Says Ukraine Can’t Win War Against Russia
Ukraine can’t win the war against Russia, Hungarian Prime Minister Viktor Orban, widely perceived to be the closest European Union nation to the Kremlin, said in an interview.
Bloomberg Business
Oil Rallies as Saudi Minister Warns Short Sellers of Pain Ahead
Oil rose to near $73 as traders evaluated a warning from Saudi Energy Minister Prince Abdulaziz bin Salman to short-sellers, offsetting a lack of tangible progress in US debt-limit talks.
Biden’s Worries Over Default Blame Spur Debt Talks With Republicans
President Joe Biden’s concern that voters could blame him for a US default helps explain why he’s doing something he resisted for months: engaging with Republicans over spending cuts and budget constraints.
Republicans Question If Default Is as Close as Yellen Says It Is
House Republicans aren’t buying Treasury Secretary Janet Yellen’s warning that the US government will run out of money as soon as June 1, or her dire predictions of default, undercutting the urgency to raise the debt limit.
KKR Expects Big Private Credit Deals to Keep Coming Forward
Expect to see more $5 billion to $6 billion-sized private credit debt deals ahead, said Cade Thompson, head of US debt capital markets at KKR & Co Inc.
Band of Democrats Readies McCarthy Lifeline for a Moderate Debt Compromise
A band of moderate House Democrats is preparing to help rescue House Speaker Kevin McCarthy should he forge a bipartisan deal to avert a US default that sparks a revolt by ultra-conservatives.
EU and US Discuss Aligning Investment Controls With Eye on China
The European Union and the US are discussing working closely to address risks from investing in sensitive technologies in countries like China as they develop new tools to cope with an increasingly hostile economic environment.
Credit Suisse Withdraws Appeal Over AT1 Writedown, Court Says
Credit Suisse Group AG withdrew an appeal over the writedown of AT1 bonds by Switzerland’s banking regulator, a Swiss court said.
Russia Pushes India for Help to Avert Global Financial Isolation
The Financial Action Task Force suspended Russia’s membership over the invasion of Ukraine. Moscow is trying to avoid being blacklisted next month.
Netflix Tells US Consumers to Stop Sharing Accounts
Netflix Inc. is bringing its crackdown on account sharing to the US.
