Signing of Iran MOU Isn’t Fully Priced: 3-Minutes MLIV
Anna Edwards, Guy Johnson and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
SFC Moving Ahead With HK$1 Billion Evergrande Payout Plan
Hong Kong’s market regulator is proceeding with its plan to compensate minority shareholders of collapsed developer China Evergrande Group, brushing aside a legal challenge by the company’s liquidators.
Iran to Gain Major Financial Relief Under Interim Deal With US
Iran would be allowed to start oil exports immediately under an interim deal with the US and gain access to a $300 billion economic development program following negotiations for a permanent peace that’s meant to address Tehran’s nuclear activities, according a draft of their agreement.
Japan Tourism Extends Decline on Reduced Flights, China Weakness
Japan’s inbound tourism extended its decline in May, weighed down by reduced flights across routes and a prolonged slump in Chinese visitors.
DP World Seeks Return to US Container Operations at Texas Port
DP World is looking to operate a US container port for the first time in two decades.
Lone Star Said to Lead Bidding for Continental’s Industrial Unit
Buyout firm Lone Star Funds has emerged as the frontrunner to acquire Continental AG’s industrial unit, according to people familiar with the matter.
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Intel takes a major step toward turning around a business that’s bleeding cash
Intel’s new manufacturing process has entered a stage that signals the company is confident in its ability to bring on external customers, analysts say.
Kalshi Aims to Expand Perpetual Futures After $5.5 Billion Debut
Kalshi Inc. is looking to expand its new perpetual futures business beyond digital assets after the never-expiring derivatives racked up more than $5.5 billion of trading volume in their first two weeks on the prediction-market platform.