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Industry News

Iraq Minister Hopes Kurdistan Oil Exports Resume in Two Days

(Bloomberg) -- Iraq’s oil minister said he’s hoping crude oil exports from the country’s northern Kurdistan region will restart in two days after a halt of almost two years following a payments dispute. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In

S&P 500 Rout Poses Fresh Test for Wall Street’s Dip-Buying Habit

(Bloomberg) -- Friday’s rout in the S&P 500 Index will test a months-long market trend: investors stepping in to buy the dip.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthThe US benchmark has gone 35 sessions without post

Crypto derivatives a missing piece in Hong Kong's virtual-asset push, Deribit says

Deribit, the world's largest cryptocurrency derivatives exchange, aims to expand in Hong Kong, a sign of momentum as the market regulator looks to make the city a hub for virtual assets. The Dubai-based company was drawn to Hong Kong because of its position as an international financial hub and its vibrant community of family offices and asset managers, which are increasingly interested in cryptocurrencies, said Jean-David Pequignot, the firm's chief commercial officer, who is based in the city.

Morgan Stanley, JPMorgan Say Flight From US Stocks Won’t Last

(Bloomberg) -- US equities won’t remain unpopular for long given the robust outlook for economic growth and corporate earnings, according to some of Wall Street’s top strategists.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In $48.6 Million in First M