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Sumitomo Mitsui Financial Group Inc. and Nippon Life Insurance Co. are in talks to set up a private credit fund with initial capital of at least ¥500 billion ($3.1 billion), people familiar with the matter said, as the Japanese financial giants seek to capitalize on a surge in corporate deals....

The relationship between the US and Europe is deteriorating along both security and economic dimensions. The Trump administration has imposed tariffs, while also being sharply critical of NATO allies. So what are European leaders to do? Hope things go back to normal in the US? Or perhaps become closer with China? Our guest on this episode says the latter would be a grave mistake. This episode was recorded live on April 1 at the DC headquarters of the Council on Foreign Relations. We spoke with Gina Raimondo, now a CFR Distinguished Fellow, who previously served as the commerce secretary in the Biden Administration, and prior to that was the governor of Rhode Island. She discusses her view that European industry is being hollowed out by China. We also talk about the legacy of the CHIPS Act, and her fears about AI creating mass unemployment and destabilizing our democracy. (Source: Bloomberg)...

The former Commerce Secretary live at CFR....

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Russia's key Black Sea oil terminal caught fire following an overnight drone attack, according to satellite images from NASA....

US allies are reportedly pressing for a last-minute deal with Iran, as President Donald Trump extended his deadline to Tuesday for Tehran to reopen the Strait of Hormuz, keeping markets on edge over whether a breakthrough can be reached....

India, the world's largest urea importer, is seeking to buy about 2.5 million tons of the key crop nutrient ahead of the monsoon sowing season as the Middle East conflict disrupts domestic production, tightening availability....

Malaysian low-cost carrier AirAsia X Bhd. has hiked airfares by as much as 40% and raised fuel surcharges by a fifth after jet fuel costs more than doubled in the wake of the Iran war....

Saudi Arabia raised the price of its main oil grade to Asia to a record as Iran's near closure of the Strait of Hormuz throttles regional energy flows and uncertainty over the duration of the conflict convulses markets....

Emerging market assets gained in thin holiday trading, buoyed by investor hopes for a ceasefire in the Middle East conflict....

Shares of PT Barito Renewables Energy tumbled Monday to their lowest in more than two years after the Indonesian stock exchange flagged the company for having a highly concentrated shareholder base....

Iraq has told Asian traders and refiners they can load its crude as vessels carrying the country's oil are now able to transit the Strait of Hormuz thanks to an Iranian exemption, testing buyers' confidence in the security guarantee....

Japanese Prime Minister Sanae Takaichi said she is looking to hold talks with Iran's leader and possibly also a separate call with Donald Trump, as the clock ticks on the US president's latest threat to bomb key Iranian infrastructure....

Two tankers carrying liquefied natural gas from Qatar appear to be heading toward the Strait of Hormuz, and an exit from the Persian Gulf would mark the first export to buyers outside of the region since the war started....

Hedge funds have turned net bullish on wheat for the first time in nearly four years, betting on higher prices driven by dry weather in the US and a shortage of fertilizer and fuel arising from the war in the Middle East....

The Indian rupee climbed, extending its biggest rally in 12 years after the central bank doubled down on curbing speculation against the local currency....

Markets have a lot to weigh up, but optimism took a bruising over Easter weekend. ...

Cambridge Professor Helen Thompson warns that energy disruption triggered by the US-Israel attack on Iran is exposing deep vulnerabilities....

More than four-dozen empty Qatari liquefied natural gas tankers are idling across Asia, as the nation's export plant remains shut and the Strait of Hormuz largely closed because of the war in the Middle East....

Singapore will cap the number of power banks to two for each traveler flying out of the city state to reduce the fire risk associated with lithium batteries....