Social media has been largely sympathetic towards the couple following the American airing.
The Sussexes’ controversial television conversation has aired in the US.
(Bloomberg) -- Brent oil surged above $71 a barrel after Saudi Arabia said the world’s largest crude terminal was attacked, although output appeared to be unaffected after the missiles and drones were intercepted.Futures in London jumped as much as 2.9% after rising 4.9% last week. The kingdom said a storage tank at Ras Tanura in the country’s Gulf coast was targeted on Sunday by a drone from the sea. The terminal is capable of exporting roughly 6.5 million barrels a day -- nearly 7% of oil demand -- and, as such, is one of the world’s most protected installations.The assault follows a recent escalation of hostilities in the Middle East region after Yemen’s Houthi rebels launched a series of attacks on Saudi Arabia. The new U.S. administration has also carried out airstrikes in Syria last month on sites it said were connected with Iran-backed groups.Oil’s rally accelerated last week after Saudi Arabia and OPEC+ made a surprise pledge to keep output steady in April. The move prompted a raft of investment banks to raise their price forecasts, with Goldman Sachs Group Inc. estimating global benchmark Brent will top $80 a barrel in the third quarter.The broader market is also being supported by bullish Chinese export data and the outlook for U.S. stimulus. President Joe Biden is on the cusp of his first legislative win with the House ready to pass his $1.9 trillion Covid-19 relief plan, the second-biggest economic stimulus in American history.See also: Andurand Predicts Commodities Bull Run as Hedge Fund Soars 12%“It’s a perfect mix of bullish news at the moment,” said Warren Patterson, head of commodities strategy at ING Bank NV in Singapore. “It does seem that these attacks are picking up in frequency, so the market may need to price in some risk premium.”Brent’s prompt timespread at 70 cents a barrel in backwardation, a bullish market structure where the front-month contract trades higher than later shipments. It averaged 58 cents in backwardation last week.The Sunday attack is the most serious against Saudi oil installations since a key processing facility and two oil fields came under fire in September 2019, cutting oil production for several days and exposing the vulnerability of the Saudi petroleum industry. That assault was claimed by the Houthi rebels, although Riyadh pointed the finger at Iran.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Harry said his father stopped taking his calls before he made the announcement about stepping back as a senior royal.
Philippine police backed by military forces killed nine people over the weekend in a series of raids against suspected communist insurgents, with authorities saying the suspects opened fire first. Others, however, said those killed were unarmed activists. Police said Monday that all of those killed were associated with “communist terrorist groups” and had shot at officers while they were serving search warrants.
The Duchess of Sussex told Oprah Winfrey there was a reason why her husband was gripping her tightly during the event.
(Bloomberg) -- Most Asian stocks fell Monday with U.S. equity futures as higher Treasury yields tempered optimism over the economic growth outlook and President Joe Biden’s $1.9 trillion pandemic relief plan. Crude oil jumped.Japanese shares fluctuated and Chinese equities slid. Technology stocks struggled and Nasdaq 100 futures underperformed. Ten-year Treasury yields remain in focus, ticking up along with the dollar. On Friday, U.S. stocks rebounded and the 10-year yield touched 1.6% after jobs data beat estimates.Oil surged after Saudi Arabia said the world’s largest crude terminal was attacked, though output seemed to be unaffected. Meanwhile, the U.S. spending plan moves to the House after the Senate passed the legislation. The bill’s progress and strong Chinese export data bolstered economic prospects.At the same time, the rise in long-term borrowing costs is spurring questions about equity valuations, especially for high-growth tech stocks. Treasury yields are rising because of a much stronger economic outlook, Federal Reserve officials said Friday, playing down the need for a monetary policy response.“You will see a lot of volatility in markets,” Kim Stafford, Asia Pacific head at Pacific Investment Management Co., said on Bloomberg Television. “We believe that confidence is improving, especially with vaccines coming online, so we will see an uptick in growth globally. There are a lot of reasons to be confident in the market but a lot of this is also priced in.”Here are some key events to watch:The annual session of China’s National People’s Congress continues in Beijing.Japan GDP is due Tuesday.EIA crude oil inventory report is due WednesdayThe U.S. February consumer price index will offer the latest look at price pressures Wednesday.The European Central Bank holds its monetary policy meeting and President Christine Lagarde is set to do a briefing Thursday.These are some of the main moves in markets:StocksS&P 500 futures fell 0.3% as of 1 p.m. in Tokyo. The S&P 500 rose 2% Friday.Japan’s Topix index slipped 0.1%.Australia’s S&P/ASX 200 Index rose 0.7%.Hong Kong’s Hang Seng Index shed 1.3%.Shanghai Composite Index lost 1%.Euro Stoxx 50 futures rose 0.8%.CurrenciesThe yen slipped 0.1% to 108.43 per dollar.The offshore yuan was trading at 6.5232 per dollar.The Bloomberg Dollar Spot Index added 0.1%.The euro was at $1.1902.BondsThe yield on 10-year Treasuries rose two basis points to 1.58%.Australia’s 10-year bond yield fell seven basis points to 1.76%.CommoditiesWest Texas Intermediate crude climbed 2.1% to $67.50 a barrel.Gold rose 0.3% to $1,705.93 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Everyone has something to say, and no one can agree
(Bloomberg) -- Saudi Arabia’s stocks are getting more expensive relative to their peers, buoyed by the recent oil-price rally.Stocks in the kingdom have surged 7.6% this year, extending gains with oil after the Feb. 4 decision. That’s pushed the Tadawul index to 19 times its estimated earnings, about 27% higher than the MSCI EM Index.While the gains are a sign of growing confidence that Saudi Arabia’s oil-dependent economy may be on the mend after crude prices slumped last year, a more sustained rally may start to drive investors to seek alternatives. Stocks in Russia, another energy-reliant economy, may prove more attractive because they have the added benefit of possible currency appreciation, according to Hasnain Malik, the head of research at Tellimer in Dubai.Higher oil prices are key for Saudi revenues at a time when the pandemic has slowed down economic activity. Analysts from Goldman Sachs Group Inc. to JPMorgan Chase & Co. raised their estimates for Brent crude for the medium-term following the OPEC+ meeting, with the former seeing prices at $80 a barrel by the end of the third quarter.Brent surged above $71 a barrel on Monday after Saudi Arabia said the world’s largest crude terminal was attacked, although output appeared to be unaffected after the missiles and drones were intercepted. Futures in London jumped 2.6% after rising 4.9% last week.As prospects for companies listed in Riyadh improve and the shares rise, their valuations will become even more disconnected from peers in the region and other emerging markets, Malik said in an interview with Bloomberg TV. Saudi shares are trading at about a 20% premium to their five-year historical average on the basis of their book value, compared with a roughly 15% discount for the United Arab Emirates, he said.Looking at bigger comparable markets, Malik said that although Russian stocks also trade at a similar premium to historical levels, they may benefit from potential upside to currency, with the ruble “seen as between 10-15% too cheap.”Since there is no expectation that Saudi Arabia will change the pegged regime for its riyal any time soon, “you don’t have that second kicker for those who want to play those higher oil prices in big, liquid equity markets,” Malik said.(Updated with Brent oil prices in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Roman Josi scored the final shootout goal on a backhander, helping the Nashville Predators beat the Dallas Stars 4-3 after blowing a 3-0 third-period lead Sunday night. Josi and Forsberg scored in the shootout as the Predators ended a three-game losing streak. Rookie Eeli Tolvanen had a goal and an assist in regulation, Mikael Granlund and Calle Jarnkrok added goals and Pekka Rinne made 35 saves for Nashville.
Vietnam launched its COVID-19 vaccination programme on Monday with healthcare workers first in the queue, even as the Southeast Asian country looked set to contain its fourth outbreak of the coronavirus since the pandemic began. Vietnam has been lauded globally for its record fighting the virus. Thanks to early border closures, targeted testing, and a strict, centralised quarantine programme, Vietnam has suffered fewer disruptions to its economy than much of Asia.
"The one house was so hard — I never felt like I was queen wife or queen mom," Christine Brown told sister wife Robyn Brown on Sunday's episode
‘Thank God I hadn’t researched’
The Duke of Sussex revealed in an interview with Oprah that his father had "stopped taking his calls" and that his family was "trapped" in the monarchy.
This was a surprisingly eye-opening and devastating interview. It looks like the royal family may, in fact, end not with a bang but with Oprah
The Prepdeck meal prep kit is all over TikTok
James, who questioned holding the game in the first place, was content to watch as his team cruised to victory.
The European Central Bank is on Thursday expected to stress its commitment to keeping borrowing costs low, as inflation concerns and a slow vaccination drive weigh on the eurozone economy.
Princess Diana reportedly left each of her sons several million pounds.
UA Cinemas, one of Hong Kong’s leading movie theater operators, has collapsed. The company said on Monday morning that it had applied for voluntary liquidation. “UA Cinemas has always been committed to providing the highest quality of cinematic entertainment to all audiences in Hong Kong since it was founded in 1985 by Mr. Ira Kaye. […]