Investors Are Dipping Their Toes Into Commodities Again After Months of Outflows
Investors are finally showing signs of losing their antipathy toward commodities.
Bloomberg Business
Libor Zombies Pit Hedge Funds Against Banks in High-Stakes Feud
One of the most lucrative, and contentious, trades of 2023 has emerged in an obscure corner of financial markets, minting overnight profits for the hedge fund crowd of as much as 35%.
Rolls-Royce’s New Profit Mantra Hampers Airbus Sales Campaigns
The focus on profit over market share at Rolls-Royce Holdings Plc has won new Chief Executive Officer Tufan Erginbilgic plaudits from investors, who have lifted the manufacturer to the best-performing major UK stock this year.
Odey Vacates Mayfair Headquarters as Hedge Fund Disintegrates
Odey Asset Management has vacated its long-time London headquarters as the investment firm enters final stages of a forced revamp in the aftermath of sexual assault allegations against founder Crispin Odey.
Trafigura Metal Executive Grenfell Exits as Unit Pressure Grows
Trafigura Group’s head of metals business development is leaving, the latest sign of the pressure facing the commodity trader’s metals unit even as the company as a whole notches up record profits.
China Bans Japanese Seafood as Nuclear Wastewater Released
Japan started the release of treated wastewater from the Fukushima nuclear site into the Pacific Ocean in a process that could last about 30 years, triggering an immediate retaliation by China to curb seafood imports.
UK Strikes Persist as Senior Doctors Stage 2-Day Walkout
UK doctors and rail workers are embarking on a fresh round of strikes, continuing months of damaging industrial action that’s hobbled public services and hurt the UK economy.
BRICS Bloc Grows Heft With Saudi Arabia and Other Mideast Powers
Major emerging market nations invited top oil exporter Saudi Arabia, Iran, Egypt, Argentina, Ethiopia and the United Arab Emirates to join their bloc in a push to expand its global influence.
Google and Microsoft Are Supercharging AI Deepfake Porn
To stay up and running, deepfake creators rely on products and services from Google, Apple, Amazon, CloudFlare and Microsoft
Fintech Tycoon Emerges as Mystery Backer Behind Kazakh Bank Deal
A billionaire co-owner of Kazakh fintech giant Kaspi.kz JSC provided the financial backing that helped resolve the biggest asset dispute since Nursultan Nazarbayev resigned as president in 2019, according to people familiar with the matter.
