Page 17 - Bloomberg

Fifa World Cup's lesson for finance: Don't trust predictions too much

A London-based strategist's model has correctly predicted the last three Fifa World Cup winners and now identifies the Netherlands as a surprise contender for the 2026 title despite low odds

Adobe CFO Dan Durn departs while company also searches for new CEO

The search for the next CEO is 'progressing well,' and the goal is to have the new leader in place for planning the new fiscal year, which begins in December, Shantanu Narayen said

How Asia's locked-out investors are trading SpaceX IPO with limited access

Investors across Asia are turning to space-related stocks, sector ETFs and Nasdaq 100 funds to gain indirect exposure to potential gains from the SpaceX IPO

Trump's Kharg Island threat, reversal show Iran war high-wire act

The island handles the vast majority of the country's oil exports and represents perhaps the most direct way to squeeze the Tehran regime economically and deprive it of a critical source of revenue

ECB hikes rates to 2.25% as Iran conflict stokes inflation concerns

European bonds held gains after the announcement, with the 10-year yield three basis points lower at 3.05 per cent . The euro was steady against the dollar at $1.1538

Europe is finally beginning to reinvent itself for a changing world

Europe is accelerating efforts to strengthen its economy through market integration, industrial support and tougher trade measures, while reducing reliance on US policy under Donald Trump

US firms remain cautious about investing in China despite improved profits

Just 49 per cent of the companies surveyed by the US-China Business Council said they planned to invest in the Asian country this year, up one percentage point from a record low last year

US refunds $22 bn in tariffs after court setback to Trump's trade policy

Administration began processing refunds in April after the Supreme Court ruled that President Trump didn't have the authority to impose tariffs using the International Emergency Economic Powers Act

Lee Raymond, former Exxon chief who led historic Mobil merger, dies at 87

Son of a South Dakota railroad engineer, Raymond became one of corporate America's most prominent leaders as chief executive officer of Exxon Corp. from 1993 to 2005

China lures foreign patients with cutting-edge, low-cost medical care

China is pushing to upgrade its economy and reshape its global image from just a manufacturing hub into a provider of high-value services, and demand for medical tourism is surging

India boosts LNG buying to meet fertiliser, power demand amid supply woes

The buying will help meet requirements from fertilizer producers, which use gas as a feedstock and are ramping up output ahead of the planting season

Google helps secure $35 billion funding for Anthropic data centres

Anthropic, the creator of Claude, is leasing powerful computer chips at five data centers with help from the long-established tech

US inflation rises to 4.2%, highest in over 3 years on Iran war impact

Beyond the initial energy shock, disruptions to fertilizer markets may eventually lead to higher grocery bills, while rising transportation costs could boost prices for all kinds of consumer goods

Carlyle Group seeks bankers for India IPO of healthcare RCM platform

Details of the proposed share sale, including its size and valuation, have yet to be determined, the people said

El Niño emerges in Pacific, raising risks of droughts, floods, crop losses

A powerful El Niño in 1997 killed at least 30,000 people and caused an estimated $100 billion in damage worldwide

Ambani-backed robot startup Addverb seeks $100 million to lead in India

Addverb, whose robots handle sorting, material movement and other tasks at logistics firms, warehouses and electronics companies, is scouting for more capital after expanding in various markets

$6 bn share sale wave in India signals deals perking up after slow start

About a dozen companies are expected to collectively raise more than ₹60,000 crore ($6.3 billion) across initial public offerings, institutional placements and government stake sales in two months

India's hidden battery fleet can become key to managing power demand

Inverter batteries, capable of charging up from a wall socket and powering a few lamps, some fans for a few hours when the power drops, are a product of decades of unstable grid power

Revlon fails to ensure some products are safe, warns US regulator

The Food and Drug Administration called one Revlon product higher risk because of its potential to be contaminated with a known human carcinogen in the letter dated June 2

EM stocks post biggest rise in two months as investors buy AI dip

South Korea's Kospi erased Monday's 8.3 per cent drop, continuing the wild swings that have pushed its 10-day rolling volatility to an annualised 81 per cent