Andurand Adds to Oil Wagers as Hedge Fund Losses Shrink to 15%
Oil trader Pierre Andurand is riding a resurgence in crude prices to stage a comeback from the worst-ever run for his hedge fund as his bullish wagers on the commodity start to pay off.
Bloomberg Business
Walmart to Roll Out New Prepaid Phone Service From Boost Founder
Walmart Inc. is expanding its offerings of prepaid phone plans with MobileX, a wireless service launched earlier this year by Boost cofounder Peter Adderton. Walmart will be MobileX’s first and exclusive retail partner, the companies said in an announcement Tuesday.
Petrobras Taps Chinese Banks to Finance Deepwater Oil Expansion
Petrobras is recruiting Chinese banks to finance its deepwater oil expansion in a sign of growing ties between Brazil’s state-controlled oil company and the world’s second-biggest economy.
Republican Moderates Turn to Rare Maneuver to Avoid Lengthy Government Shutdown
Moderate Republicans are working with Democrats on a rarely used procedure to shorten a near-certain US government shutdown and protect themselves from the anticipated political backlash from a federal funding lapse.
Xi Seeks Stable Ties Even as Italy Plans to Exit Investment Pact
Chinese President Xi Jinping pledged to promote “healthy and stable” relations with Italy even as the European nation plans to exit his signature Belt and Road Initiative.
Struggling Airline SAS Weighs Bids From Equity Investors
Scandinavia’s biggest airline SAS AB has received a final round of bids from potential suitors looking to invest in the carrier as part of a rescue plan to shore up its ailing finances.
This Is the ‘Perfect’ Time to Buy Value Stocks on Sticky Inflation, Rob Arnott Says
With odds of a hard landing rising just as inflation is set to re-accelerate, this is the time for investors to offload their expensive growth shares in favor of value stocks, says Rob Arnott, founder of smart-beta pioneer Research Affiliates.
Erdogan’s Backing for Central Bank Is Intact After Big Rate Hike
Turkish President Recep Tayyip Erdogan reiterated his support for the central bank’s monetary tightening after it delivered another sizable interest-rate hike last week.
Erdogan Says Turkish Approval of Sweden NATO Bid Hinges on F-16s
President Recep Tayyip Erdogan said the Turkish parliament will abide by his pledge to ratify Sweden’s accession to the North Atlantic Treaty Organization if the US sticks to its commitments to deliver F-16 fighter jets to Ankara.
Thai Activist Gets Four-Year Jail Term for Royal Insult
A Thai court on Tuesday sentenced a pro-democracy activist, who spearheaded an unprecedented movement calling for monarchy reform, to four years in prison on charges of breaking the country’s royal insult law.
