Lula Reluctantly Becomes Mediator...

Lula Reluctantly Becomes Mediator…

Bloomberg

Citi Boosts China High-Grade Debt Outlook, Sees Value Versus US(Bloomberg) — China’s investment-grade credit offers value and will outperform US peers in 2024 thanks to favorable technicals and higher carry, according to Citigroup Global Markets Inc.Most Read from BloombergElon Musk’s SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpBond Yields Climb Amid BOJ Jitters in Jobs Run-Up: Markets WrapBiden Moves to Forgive Nearly $5 Billion in Student LoansDimon Says He Would Shut Down Crypto If

The Canadian Press

A China, EU summit exposes divisions over Ukraine, trade and subsidiesBEIJING (AP) — The leaders of China and the European Union held talks Thursday that focused on their disputes over trade, subsidies and a deep divide over the war in Ukraine. Chinese President Xi Jinping met in Beijing with the two European presidents, Ursula von der Leyen from the EU Commission and Charles Michel from the EU Council. The European Union is calling on China to improve market access to address an annual trade imbalance of more than $200 billion between the two sides. China is unha

The Canadian Press

House backs GOP bill to block EPA rule on tailpipe pollution; slams plan as electric-vehicle mandateWASHINGTON (AP) — House Republicans approved a bill Wednesday to block strict new tailpipe pollution limits proposed by the Biden administration, calling the plan a back-door mandate for electric vehicles. A rule proposed by the Environmental Protection Agency would require that up to two-thirds of new vehicles sold in the U.S. are electric by 2032, a nearly tenfold increase over current EV sales. The proposed regulation, announced in April, would set tailpipe emissions limits for the 2027 throu

Reuters

Marketmind: Oil’s slide bolsters rate-cut wagersOil prices defied worries over war in the Middle East and OPEC+ production cuts with a slump to five-month lows overnight, and are headed for their steepest annual drop since the lockdown year of 2020. That overshadowed Wednesday’s meeting between Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman, who discussed further cooperation on prices. Ten year yields hit three-month lows overnight before rising 2 basis points in Asia to 4.14%.

Reuters

Zelenskiy assures Ukrainians of victory with US aid in the balanceKYIV (Reuters) -President Volodymyr Zelenskiy told Ukrainians on Wednesday that Kyiv would defeat Russia and win a fair peace “against all odds” as the future of vital U.S. military and financial aid hung in the balance. Zelenskiy delivered his defiant message in an unusual early-morning video that showed him walking through Kyiv on his way to pay his respects to fallen soldiers on what Ukraine marks as Armed Forces Day. “It has been difficult, but we have persevered,” said Zelenskiy, who filmed himself on a mobile phone as he walked from his office down the central Hrushevskoho street towards central Kyiv’s “wall of remembrance”.

Bloomberg

Oil Extends Losing Streak as Failed Rally Hardens Bearish Mood(Bloomberg) — Oil extended declines to hover near a five-month low as a brief relief rally fizzled, with low-conviction trading and mounting concerns about excess supplies leaving algorithmic traders calling the shots. Most Read from BloombergCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesElon Musk’s SpaceX Valued at $175 Billion or More in Tender OfferHarvard, Penn Heads Walk Back Genocide Answers After BacklashWall Street’s AI Craze Drives Nasdaq 100 Up 1.5%: Markets WrapHunter

Bloomberg

Dubai Taxi Jumps in Trading Debut After $315 Million Listing(Bloomberg) — Dubai Taxi Co. gained as much as 19% in its debut after a $315 million initial public offering which was the city’s first privatization in over a year.Most Read from BloombergElon Musk’s SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpTech Giants Lift Stocks as AI Euphoria Rages On: Markets WrapBiden Moves to Forgive Nearly $5 Billion in Student LoansHarvard, Penn Heads Walk Back Genocide Answers After BacklashSh

Bloomberg

Moody’s Cuts Outlook for Eight Chinese Banks, Hong Kong(Bloomberg) — Moody’s Investors Service cut its outlook for eight Chinese banks to negative from stable, a day after unveiling a bearish stance on the nation’s sovereign bonds due to concern over the level of debt.Most Read from BloombergElon Musk’s SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpAI Powers Nasdaq 100 Rebound as Tech Storms Back: Markets WrapHarvard, Penn Heads Walk Back Genocide Answers After BacklashBiden Mov

Bloomberg

Chip Market Troubles Pose Threats After AI Euphoria(Bloomberg) — This year’s AI stock frenzy has papered over cracks in the semiconductor market. Beyond the enthusiasm for the likes of Nvidia Corp. and Advanced Micro Devices Inc., it’s a mixed picture for investors. Most Read from BloombergElon Musk’s SpaceX Valued at $175 Billion or More in Tender OfferCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesWall Street’s AI Craze Drives Nasdaq 100 Up 1.5%: Markets WrapApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpHarvard

The Telegraph

Putin is close to victory. Europe should be terrifiedWith the Ukraine conflict languishing in stalemate, the possibility that Russian president Vladimir Putin might yet emerge victorious from his ill-judged invasion cannot be ignored, with all the implications such an outcome would have for Europe’s security.

NY Daily News

NY lawmakers ask state Board of Elections to boot Trump from 2024 ballotNEW YORK — Donald Trump’s name should be excluded from New York’s ballot in next year’s presidential primary and general election for his alleged incitement of the 2021 attack on the U.S. Capitol, a group of state senators urged election officials on Thursday. In a letter to the state Board of Elections shared exclusively with the Daily News, New York Senators Brad Hoylman-Sigal, Liz Krueger, …  » …
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