May, 2018

• 9 May

  Oil jumps on supply bets as Treasury yield tops 3 percent

  

  Bloomberg Oil rallied after President Donald Trump’s decision to walk away from a nuclear deal with Iran, while the dollar slipped and 10-year Treasury yields topped 3 percent ahead of a key bond auction. US stock indexes edged higher. Energy shares advanced after West Texas oil reversed Tuesday’s slump to trade above $71 per barrel as the market came to ...

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• 9 May

  BlackRock eyes spare change with bet on small-time investors

  

  Bloomberg BlackRock Inc., already sitting on a mountain of assets, is turning its attention to a much smaller market — your pocket change. The $6.3 trillion money manager said it became an anchor investor in Acorns, an app that allows rookie investors to put spare change from everyday purchases into diversified exchange-traded fund portfolios, according to a news release on ...

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• 9 May

  Oil surges to three-year high as Trump tells buyers to cut back on Iranian crude

  

  Bloomberg Oil rose to a three-year high after the US told buyers of Iranian crude they have six months to curb their purchases or face tough penalties. While the full impact of President Donald Trump’s decision to withdraw from the nuclear deal is still unclear, the re-imposition of far-reaching sanctions is expected to start reducing shipments from the Middle East’s ...

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• 9 May

  Exxon Mobil unit sells Italy refinery, fuel terminals to Algeria

  Bloomberg Exxon Mobil Corp. agreed to sell a refinery and three fuel terminals in Italy to Algeria, as the OPEC member seeks to cut fuel imports by refining its own crude. Esso Italiana Srl, a unit of Exxon Mobil in Italy, signed an agreement for the sale of its Augusta refinery in Sicily to Algerian state energy producer Sonatrach, according ...

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• 9 May

  Shell’s Canadian Natural sale removes cloud weighing on shares

  Bloomberg Royal Dutch Shell Plc’s plan to sell its $3.3 billion stake in Canadian Natural Resources Ltd. put a dent in the oil-sands producer’s shares, but there’s a silver lining. The impending sale removes a cloud that had loomed over Canadian Natural since Shell took the shares as part of a $7.25 billion deal last year and signalled it would ...

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• 9 May

  Malaysia votes in election to decide fate of Najib’s 61-year-old coalition

  

  Bloomberg Vote counting is underway in Malaysia’s election in a contest that will determine whether Prime Minister Najib Razak’s ruling coalition can extend its 61-year run in power. Poll closed at 5 pm in Kuala Lumpur, and a winner may not be known until late in the evening. Turnout reached 69 percent as of 3 pm local time, according to ...

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• 9 May

  GOP voters stick with pro-Trump candidates in Senate primaries

  

  Bloomberg Republicans wrapped up three crucial US Senate primaries in West Virginia, Indiana and Ohio by nominating candidates who embraced President Donald Trump, while Democratic voters rejected insurgents from the left to stick with the party’s mainstream. In West Virginia, the GOP establishment dodged a bullet as controversial former coal executive Don Blankenship, who drew Trump’s opposition, placed third in ...

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• 9 May

  Trump: Three US detainees freed in N Korea

  

  Bloomberg North Korea released three US citizens who had been detained for as long as two years, a goodwill gesture ahead of a planned summit between President Donald Trump and Kim Jong-un that’s expected in the coming weeks. The Korean-American men, who all have the common surname of Kim but are not related, immediately boarded a plane with Secretary of ...

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• 9 May

  Italy president gives populists 24 hours to seek coalition

  Bloomberg Italy’s populists made a last-ditch effort to form a government together, asking President Sergio Mattarella to delay by 24 hours his plan to appoint a non-partisan premier. Luigi Di Maio of the anti-establishment Five Star Movement and Matteo Salvini of the euroskeptic League met on Wednesday at the Rome parliament, according to two lawmakers who declined to be named ...

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• 9 May

  Aid workers targeted in battle against famine in South Sudan

  

  Bloomberg Lying facedown, a rebel fighter jabbing a rifle barrel into the back of his head, the aid worker was sure his bid to save his fellow South Sudanese from famine was about to end in his own death. The driver’s ordeal in the country’s north cost him his money, watch and mobile phone, but he was left alive, asking ...

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