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(Bloomberg) — The war in Iran has provided new impetus to the low-carbon transition as renewable energy is seen as less vulnerable to future price shocks, according to a group of corporate bosses and senior bankers. Read More
Leading up to the Bank of Canada’s first rate cut in June 2024, every real estate watercooler in Canada was humming with chatter about a looming mortgage “renewal shock” or “renewal cliff.” Read More
(Bloomberg) — The dollar is heading for its best week in two months after US data showed price pressures that could push the Federal Reserve to raise interest rates over the next year. Read More
(Bloomberg) — The Bank of Korea’s newest board member said lower growth rates were preferable to a financial shock as he underlined his hawkish credentials in inaugural remarks. Read More
(Bloomberg) — Mizuho Financial Group Inc. forecast a third straight year of record profit, although it sees the pace of earnings growth slowing as the Middle East conflict casts a shadow over the outlook for Japanese banks. Read More
(Bloomberg) — Japan’s government bond yields marched higher across the curve on Friday as elevated oil prices fuel inflation concerns across global debt markets. Read More
(Bloomberg) — Oil headed for a weekly gain as the crucial Strait of Hormuz remains effectively closed, with efforts to end the war in limbo and disruptions that have upended global markets set to linger. Read More
