Euro Bears Return as Surging Oil Prices Test Currency’s Rebound
Traders are buying insurance against renewed weakness in the euro as climbing crude oil prices threaten last week’s rebound.
Ugandan Farmers to Challenge $5.6 Billion Pipeline
A group of Ugandan farmers will file a lawsuit in the UK High Court against the East African nation’s crude pipeline, potentially delaying exports. Bloomberg’s Jennifer Zabasajja reports. (Source: Bloomberg)
Turkey’s $37 Billion Defense Firm Says Foreign Orders Doubled
Turkey’s $37 billion state-run defense contractor Aselsan Elektronik Sanayi ve Ticaret AS said international orders have doubled in the past year on the back of demand fueled by the conflicts in Ukraine and the Middle East.
Private Placements Surge in Middle East on Iran War Volatility
Private debt placements from the Middle East are surging as volatility due to the Iran war drives borrowers into alternative markets.
Alibaba’s Shares Jump Most in 10 Months as Earnings Hopes Grow
Alibaba Group Holding Ltd.’s shares surged the most since September, after investors turned optimistic on its earnings and shifted capital into major Chinese internet companies that had lagged the market.
BHP Workers to Strike at World’s Biggest Iron Ore Export Port
Workers at BHP Group’s Port Hedland iron ore export terminal in Western Australia will stage an eight-hour strike on July 16, unions said, after failing to reach agreement with the company in more than six months of talks.
KKR-Backed SmartHR Is Said to Delay Tokyo IPO Beyond This Year
Japanese human resources platform operator SmartHR Inc. has delayed its plans for an initial public offering to next year at the earliest as investors viewed the company’s targeted valuation as too high, according to people familiar with the matter.