DeepSeek tells prospective investors of funding pause, Bloomberg News reports
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Trump’s tariffs storm back onto the world stage: FP Video explains what it means to Canada
Tariffs are in the spotlight for FP Video this week as our team talked to a trade lawyer about Donald Trump’s latest levies and explained why the dispute was centred on cars, alcohol and cheese. We also dissected the Bank of Canada‘s latest decision and talked to AutoTrader about the car market. Read More
Ukraine Drone Sparks Fire at Tyumen Oil Refinery in Russia
(Bloomberg) — Fire broke out at the Tyumen oil refinery in Russia’s Ural region after a drone attack as Ukraine and Russia press intensifying strikes on each other’s critical infrastructure. Read More
Big Asia Stock Funds Turn to Laggards to Cut Risk From AI Swings
(Bloomberg) — Investors in Asia are snapping up stocks from Indonesian banks to Chinese e-commerce titans and Indian technology firms, trimming bets on popular AI trades which have turned increasingly volatile. Read More
Hegseth Pushes UK Counterpart to Host Hormuz Summit Next Week
(Bloomberg) — Defense Secretary Pete Hegseth pushed his UK counterpart to host a summit with other nations on protecting maritime traffic in the Strait of Hormuz, as pressure builds on President Donald Trump to reopen a waterway shuttered by the war with Iran. Read More
Wall Street Bulls Are Staring Down $100 Oil, Tariffs, AI Angst
(Bloomberg) — Every bull market has a recurring cast of villains. Oil shocks. Inflation. Rising bond yields. Trade wars. This week, investors had to contend with all of them at once. Read More
Sienna Announces Confirmation of Morningstar DBRS Credit Rating
Forward-Looking Statements Read More
Devon Said to Mull $4 Billion Exit From Eagle Ford, Powder River
(Bloomberg) — Devon Energy Corp. is exploring a sale of its Eagle Ford and Powder River shale assets as part of a streamlining of its portfolio, which together could fetch more than $4 billion, according to people familiar with the matter. Read More
Oil to End Year Near $100 on Mideast Disruptions, Rapidan Says
(Bloomberg) — The breakdown of the US-Iran ceasefire threatens to leave Brent crude hovering around the $100-a-barrel mark well past July and into the end of the year, according to Rapidan Energy Group’s increased forecast. Read More