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Iran Names Khamenei’s Son as New Supreme Leader
Iran has named the son of the late Ayatollah Ali Khamenei as its new supreme leader. As he steps into his father’s shoes, he faces a US and Israeli war machine bent on his downfall and his own population in turmoil. (Source: Bloomberg)
Gabler’s Shares Rise as Europe’s Defense IPO Run Continues
Submarine components supplier Gabler Group AG’s shares rose as much as 13.6% on their first day of trading in Germany, buoyed by strong demand among investors for European defense firms.
Al-Abdulqader: More Motivation to Diversify GCC Economies
The US State Department ordered non-emergency American employees and diplomats in Saudi Arabia to leave the country, citing safety risks. The move comes as Iranian attacks across the Gulf continued with fears of a broader conflict. Imad Al-Abdulqader, partner…
Philippine Firms Brace for Rising Costs as Oil Surge Drags Peso
Philippine companies are bracing for higher costs as oil’s spike above $100 a barrel drags the peso to a record low, heightening the risks for an economy heavily reliant on fuel imports from the Middle East.
Banks Top Estimates in Otherwise Mixed European Earnings Season
European banks exceeded expectations in the fourth quarter, buoyed by trading income and cost discipline, standing out in an earnings season marked by tariffs and consumer weakness.
Sensitive Crude Off China Swells to Record as War Roils Market
A record volume of so-called illicit crude is being held on tankers off China’s coast, representing a potential buffer for the country’s private refiners as the war in the Middle East disrupts wider flows.
Stock Markets Still Look Complacent: 3-Minutes MLIV
Anna Edwards, Lizzy Burden, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)