US sells 30-year bonds at 5% yield for first time since 2007
The $25bn auction comes hours after data showing sharpest rise in producer prices since Russia’s invasion of Ukraine
Economic news
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Private credit is not ‘a cancer’, says Wall Street’s top prosecutor
Manhattan US attorney Jay Clayton calls the industry a ‘great benefit to the US’
Saudi Arabia launched strikes against Iran
Riyadh wanted to show it was defending itself but told Tehran it was not joining broader US-Israeli assault
Shares surge in debut of power producer favoured by Trump energy agenda
Geothermal generator Fervo uses renewable energy technology that has garnered rare administration support
Italy’s Ludoil agrees to buy Beny Steinmetz-linked Sicilian oil refinery
Russia’s Lukoil sold the ISAB plant in 2022 to a Cypriot company backed by the convicted Israeli tycoon
Eric Trump joins Beijing trip as family-linked group chases China deal
Company with ties to US president’s son has MOU with chipmaker that Congress warned is connected to Communist Party