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Scott Kirby, the chief executive officer of United Airlines Holdings Inc., said he wouldn't comment when asked if his company would be buying American Airlines. Kirby did say he is focused on leveling the playing field with foreign airlines and building a "great global airline that all US citizens can be proud of." He speaks with Bloomberg's Lisa Abramowicz from the company headquarters in Chicago. (Source: Bloomberg)
Shares of GE Vernova Inc. rose as much as 15.2% on Wednesday after the gas turbine and power grid equipment maker reported strong order growth amid rising electricity demand.
India, the world’s top importer of urea, has agreed to buy the nitrogen-based fertilizer at sharply higher prices than in a previous tender as the Middle East conflict disrupts supplies and pushes global benchmarks higher.
Goldman Sachs Group Inc. named Akila Raman as global head of its private and alternatives capital markets business, according to a memo seen by Bloomberg News.
Investors are seizing what may be a fleeting opportunity to negotiate better terms when buying high-yield debt, turning the tables on borrowers for the first time in years.
Holly O’Neill, president of consumer, retail, and preferred banking at Bank of America, discusses the details of the firm’s latest consumer checkpoint. (Source: Bloomberg)
The UK will host on Wednesday and Thursday a two-day multinational conference convening military planners from more than 30 countries as Britain and France renew efforts to re-open the Strait of Hormuz. The two-day conference takes place just after U.S. President Donald Trump late on Tuesday extended the U.S.-Iran ceasefire until negotiations with Iran conclude “one way or the other.” President Trump has also ordered that the U.S. blockade at the Strait of Hormuz remains in place. Hopes of U.S.-Iran negotiations resuming as early as…
Toronto-Dominion Bank is weighing a rare type of significant risk transfer to hedge current and future data center exposure as tech companies ramp up artificial intelligence investment.
United Airlines Holdings Inc. Chief Executive Officer Scott Kirby sidestepped questions about a potential merger with American Airlines Group Inc., while acknowledging that the current climate of high costs and struggling rivals might offer opportunities for deals.
Former US Defense Secretary Mark Esper talks about the standoff in Iran and the Persian Gulf. He says the US can sustain a blockade in the Strait of Hormuz indefinitely and President Donald Trump is unlikely to back down unless Iran makes some concessions. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Italy should generate nuclear power as a matter of national security, Italian Finance Minister Giancarlo Giorgetti said.
Iranian gunboats fired on two ships in the Strait of Hormuz, and Iran's own tankers tested a US naval blockade, as Tehran tightened its grip on the vital waterway with peace talks in limbo. (Source: Bloomberg)
It’s still unclear how big a blow the Iran war will inflict on the euro-area economy, according to European Central Bank Chief Economist Philip Lane.
An heir to EssilorLuxottica SA founder Leonardo Del Vecchio is in advanced talks to buy out two of his siblings for about €10 billion ($11.7 billion), in a potential step toward resolving the Ray-Ban magnate’s estate four years after his death.
Lobbyists for some of Wall Street’s biggest alternative asset managers are asking regulators to relax rules preventing the buying and selling of assets between funds overseen by the same company, a move they say will boost the adoption of private assets in retirement accounts.
India’s policy makers decided to pause in April to get a clearer picture of the shock caused by the war in the Middle East, minutes of the last meeting showed.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Mohit Kumar, Jefferies, Chief European Economist & Strategist; Odile Renaud-Basso, European Bank for Reconstruction and Development, President; Marc Weller, University of Cambridge, Professor & Chatham House Global Governance and Security Centre Director. (Source: Bloomberg)
When oil prices surge, the Canadian dollar usually strengthens — but that dynamic has shifted.
Vietnam and South Korea signed a range of agreements spanning security, tech innovation and the development of nuclear power plants, underscoring deepening industrial ties as the Iran war disrupts energy markets and global supply chains.
French President Emmanuel Macron’s government presented a deficit-reduction plan based on lower growth forecasts for the next three years, which would make it more challenging for the country to get a grip on public finances.
The flow of crude oil via the Druzhba pipeline from Russia to Germany will restart today, Reuters is reporting, citing an unnamed source. “Oil pumping is scheduled to begin tomorrow at lunchtime,” the Reuters source said on Tuesday. At the end of January, the Druzhba oil pipeline was damaged in what Ukraine said was a Russian drone attack. Hungary, however, accused the Ukrainian side of bombing the pipeline. In retaliation, now former Hungarian president Victor Orban vetoed the release of another 90 billion euro to the Zelensky government.…
Former Moldovan strongman Vladimir Plahotniuc was sentenced to 19 years in prison for his involvement in a $1 billion banking fraud that left the nation on the verge of bankruptcy over a decade ago.
Lindsay Rosner, Head of Multi-Sector Fixed Income Investing at Goldman Sachs Asset Management, discussed the accelerated pace of market movements compared to the pre-COVID era, investors no longer have the luxury of time to react to major market events or geopolitical developments, as news cycles and market responses are now highly compressed and volatile. (Source: Bloomberg)
US aircraft maker narrows losses and posts widest gap over European rival since 2018
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