Oil prices extended their recent losses following an unexpected build in U.S. gasoline inventories and disappointing factory activity in China. https://www.wsj.com/articles/oil-edges-lower-on-signs-of-slower-u-s-economic-growth-5551c19f
The British government has sold 1.24 billion pounds ($1.58 billion) worth of shares in NatWest Group back to the lender, it said on Friday, decreasing its stake to about 22.5% from nearly 26% previously. https://www.cnbc.com/2024/05/31/britain-cuts-stake-in-natwest-via-1point24-billion-share-sale.html
Even if inflation has slowed, food and energy cost far more than they did at the beginning of his term, and many voters are angry about that. from Bloomberg Politics https://ift.tt/Nv6hmVu
PRESS RELEASE. MEW, a cat-themed token on the Solana blockchain, partners with animation studio LOCUS to create a new 3D animated series. MEW is the first worldwide entertainment brand and retail product line started by a memecoin community. LOCUS produces 3D animations and TV series primarily in the Korean market. After raising about $17.5 million…
Mary Anderson cleared glass windshields and broke glass ceilings. The southern belle, born in Alabama in the immediate aftermath of the Civil War, gave the world one of its most widely used safety devices. Anderson patented windshield wipers. She was, in many ways, a real-life Scarlett O’Hara of “Gone with the Wind” movie fame. MEET…
Mass Ave Global Inc. and its co-founder Winston Feng agreed to pay a combined $600,000 in fines to settle US Securities and Exchange Commission proceedings for “making false and misleading statements” to investors in its flagship Asia hedge fund, according to the regulator. from Bloomberg Markets https://ift.tt/Urb1P3F
Mark Cudmore and Kriti Gupta break down today’s key themes for analysis and investors on “Bloomberg Markets Today.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/dcrv92S
Kuwait’s revived plans to finish a port meant to act as a major trading hub for the northern end of the Persian Gulf. from Bloomberg Politics https://ift.tt/RI10eWt
The People’s Bank of China will sell Treasury bonds when necessary, the Financial News has reported, stoking fresh discussion about whether the central bank should trade Treasury bonds on the secondary market as a way to manage liquidity. https://www.wsj.com/articles/chinese-state-media-hint-at-possible-pboc-bond-selling-befe5fef
HSBC Holdings Plc is pushing to wrap up the search for a chief executive officer in the coming weeks, with the bank edging toward appointing its next boss from within its own ranks. from Bloomberg Markets https://ift.tt/OMlyn2m