Surging Physical Oil Market Brings $100 Crude Back in Sight
As crude futures leap higher, traders and analysts are increasingly talking about when — not if — prices return to $100 a barrel.
Bloomberg Business
Chinese Police Detain Staff of Evergrande Wealth Unit
Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the defaulted developer at the heart of the nation’s property crisis has entered a new phase involving the criminal justice system.
Yellen Says Premature to Judge Auto Strike Impact, Wants Win-Win Deal
Treasury Secretary Janet Yellen said that the US economy is showing no signs of a looming recession and that it’s too soon to tell what impact there may be from the strike in the US automobile industry.
EU Braces for Tussle Over 12th Russian Sanctions Package
The European Union is gearing up for a fight over what should be included in its 12th package of sanctions over Russia’s war in Ukraine, as the Group of Seven moves ahead with a plan to ban purchases of diamonds from Moscow.
Ex-Warburg Bank CEO Stands Accused in $298 Million Tax Case
Christian Olearius, the ex-head of M.M. Warburg & Co, appeared in a German court to stand trial over charges he was responsible for Cum-Ex tax deals at the lender that cost the nation €280 million ($298 million).
Martin Sorrell’s Ad Firm S4 Has Dropped 65% This Year After Tech Clients Cut Back
S4 Capital Plc, the digital advertising agency run by industry veteran Martin Sorrell, fell as much as 30% on Monday to a record low after reporting disappointing sales figures and cutting its full-year guidance for the second time in two months.
US Homebuilder Sentiment Drops to Five-Month Low on Higher Rates
US homebuilder sentiment fell to a five-month low in September as higher mortgage rates continued to push many prospective buyers out of the market.
India’s Booming Payments Industry Lures Ebanx With IPO on the Cards
Brazilian payments company Ebanx Ltda, which operates in 18 countries in Latin America and Africa, will begin doing business in India by the end of the year as part of its global expansion to developing countries.
XPeng’s $31 Billion Gap Shows Hazy China EV Outlook
The biggest debate for sell-side analysts covering Chinese equities these days centers around a $31 billion question: what is the outlook for XPeng Inc. The divide is sending shares on quite a roller-coaster ride.
DeSantis Seeks Cash From Texas Donors as His Campaign Faces Upheaval
Florida Governor Ron DeSantis has reeled in wealthy Texas donors once loyal to former President Donald Trump, and he’s heading to the state this week to make another pitch for his struggling presidential campaign.
