Iran Scrambles to Contain Sanctions FalloutIran said it’s holding “intensive” talks with partners in the region and beyond to contain fallout from the Trump administration decision not to renew waivers that let countries buy its oil without facing sanctions. Crude prices in London hit their highest in half a year after Trump surprised investors by announcing the end of the program.
Samsung Delays Launch of Galaxy FoldSamsung Electronics Co. will delay the launch of its first foldable smartphone after reports of screen failures among some review units, a setback for the world’s biggest handset maker. The company said Monday that it would postpone the retail launch of the Galaxy Fold, without giving a new debut date. Several media organizations reported a bevy of problems with test versions of the $1,980 device after only days of use.
Stocks Mixed, Oil SurgesAsian stocks are set for a mixed open after U.S. benchmarks drifted into the close. The S&P 500 eked out a gain amid light volume as investors prepared for a deluge of earnings news. Oil jumped after the White House said it would scrap the Iran waivers. Energy shares rallied alongside crude prices, while real-estate companies slumped after sales of previously owned U.S. homes eased more than forecast in March.
Sri Lanka Blames Local GroupSri Lanka’s government has blamed a local jihadist group, National Thowheed Jamath, for one of Asia’s deadliest terrorist attacks in years, and said other nations had shared intelligence ahead of the Easter Sunday massacre. The death toll rose to 290 in what officials said were coordinated suicide bombings at churches and luxury hotels.
Philippine Quake Kills at Least EightA magnitude 6.3 earthquake struck the Philippines late Monday afternoon, killing at least eight people and prompting thousands to evacuate. The quake occurred 1 kilometer from Gutad, northwest of Manila. As many as 30 people are feared trapped in a supermarket in the same province, the disaster-risk monitoring agency said in a mobile-phone message.
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Business Maverick: Wednesday April 17: Five Things You Need to Know to Start Your DayTrump’s trade negotiations stir alarm, US stocks rise, Indonesia goes to the polls. Here are some of the things people in markets are talking about.
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Business Maverick: Credit Suisse Seeks to Seize Nigerian Oil Trader’s Three London HomesCredit Suisse Group AG has already taken Nigerian oil trader Igho Sanomi’s private jet. Now it’s coming for his London apartments.
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Business Maverick: Pinterest Tops Targeted IPO Range to Raise $1.4 BillionPinterest Inc. raised about $1.4 billion in its initial public offering, pricing its shares above a targeted range as the year’s tech unicorn stampede gains momentum.
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