(Bloomberg) -- Oil traded near a five-month high as investors weighed simmering tensions in the Middle East and persistent supply concerns.Most Read from...
-- Oil traded near a five-month high as investors weighed simmering tensions in the Middle East and persistent supply concerns.Brent rose toward $91 a barrel after closing 0.9% lower on Monday, the first decline in five sessions. West Texas Intermediate was below $87. Israel said progress has been made in negotiations for a cease-fire in Gaza, signaling a potential easing of hostilities, but Hamas denied the claim.
“The market is pricing in firmer growth and increased geopolitical risks,” Goldman Sachs Group Inc. analysts including Yulia Grigsby and Daan Struyven wrote in a note dated April 8. Most of the recent rally is due to “this increase in speculative positioning and the shift from under-priced timespreads earlier this year to moderate overpricing,” they said.
-- UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according to people familiar with the matter.
NEW YORK, April 09, 2024--RMG Acquisition Corp. III today announced that, because the Company will not consummate an initial business combination within the time period required by its Fourth Amended and Restated Memorandum and Articles of Association, the Company intends to dissolve and liquidate, effective as of the close of business on April 22, 2024, and will redeem all of the outstanding shares of Class A ordinary shares that were included in the units sold in its initial puThe U.S.
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