Obama Predicts Cuban Embargo Will Be Lifted Under His Successor
©2016 Bloomberg News O41IJH6S972Q (Bloomberg) — President Barack Obama said sentiment in Congress is building toward lifting the decades-old trade embargo with Cuba, but it’s “not yet at a critical mass” and that the next big step in restoring relations with the island nation will be left for his successor.
If Oil Prices Have Hit Bottom, the Top May Not Be Too Far Away
©2016 Bloomberg News O41FLP6S972G (Bloomberg) — The top of the oil market may be closer than you think. With Brent futures having bounced back to $40 a barrel, the International Energy Agency sees “light at the end of the tunnel,” and Goldman Sachs Group Inc. is spotting “green shoots.” Even
Putin’s Shock Plan to Pull Troops From Syria Puts Onus on Assad
©2016 Bloomberg News O41UB96KLVRO (Bloomberg) — Russia said it will start withdrawing forces from Syria in a surprise move that puts pressure on its ally President Bashar Al-Assad, as well as opposition groups, to reach a deal at the peace talks that got under way hours earlier in Geneva. Russian
Why Are So Many Child Migrants Turning Up at Sweden’s Borders?
©2016 Bloomberg News O3ZKG3SYF01S (Bloomberg) — Sweden had the highest number of asylum seekers in relation to its population among the top 10 host countries last year. But that wasn’t the only record it set. The country also received more unaccompanied minors than any other country — an influx that’s
Kasich Calls on Rubio to Tell Pennsylvania Supporters to Drop Suit
©2016 Bloomberg News O3ZVD36KLVR4 (Bloomberg) — John Kasich’s presidential campaign is calling on Marco Rubio to tell his supporters in Pennsylvania to drop a lawsuit that could keep the Ohio governor off the ballot ahead of the state’s April 26 primary. Nathaniel Rome, chairman of Pennsylvania students for Rubio, filed a
Oil Drops From 3-Month High as Iran Seeks Output Boost Amid Glut
©2016 Bloomberg News O4088X6JTSEB (Bloomberg) — Oil fell from the highest settlement in more than three months as Iran reiterated plans to expand production amid a global glut. Futures decreased as much as 0.9 percent in New York after advancing 1.7 percent Friday. Brent crude was little changed. Iran plans
Four Republican Candidates and Their Four Big Myths: Paula Dwyer
©2016 Bloomberg View O3TUY46KLVRD (Bloomberg View) — In Donald Trump’s telling, Mexico, Japan and especially China are fleecing the U.S. because past presidents were inept negotiators and too timid to muscle America’s trading partners. But even if a President Trump could stop companies from offshoring or countries from manipulating currencies
Biden Says ‘We Will Act’ If Iran Violates Nuclear Agreement
©2016 Bloomberg News O3SMR66JIJV2 (Bloomberg) — U.S. Vice President Joe Biden sought to reassure Israel about the Iran nuclear accord it vehemently opposed, saying Washington will take action if the deal is violated. “I want to reiterate because I know people still doubt: If in fact they break the deal,
Asian Futures Signal Stock Losses as Yen Comes Back, Bonds Drop
©2016 Bloomberg News O3UKOZ6JTSEE (Bloomberg) — Asian stocks looked set to track losses in Europe, after the central bank’s unprecedented bolstering of monetary policy failed to ignite equity gains and instead boosted the euro. While sovereign debt retreated, the yen advanced. Shares in Australia and New Zealand dropped as Japanese
Matt Levine’s Money Stuff: Social Loans and Creeping Fraud
©2016 Bloomberg View O3RYS06KLVRB (Bloomberg View) — Future finance I am old enough to remember when companies like Social Finance Inc. were referred to as “peer-to-peer lenders.” The idea was, there was an online platform that made loans to people and then sold those loans to other people. It was