China To Accelerate The Construction Of Coal-Fired Power Plants

Iran To Send Revised Proposal To US In 'Days' As 'Tank Tops' Loom, Trump Claims Iran "Informed Us They Are In State Of Collapse" Summary Trump TS claim: Tehran has informed Washington they are in a "state of collapse" and that the Iranians want the US to "open the Hormuz Strait" - as 'tank tops' loom. Trump doesn't appear open to Iran's proposal which hinges on US naval blockade ending & nuclear issue being pushed to future negotiations (CNN). Tehran working on revised plan to be sent in 'few days'. First crude-laden Japanese tanker...

Iraqi Protesters Overrun Kuwait Consulate, Angry Over Role In US Actions Close US ally Kuwait finds itself under growing political pressure from its neighbor Iraq, related to the ongoing Iran war. Angry crowds stormed the Kuwaiti consulate in Iraq's southern Basra governorate on Tuesday after rockets which came from the direction of Kuwait killed three people, according to police sources cited by Reuters and Al Arabiya. BREAKING: Supporters of Iraq’s pro-Iranian Popular Mobilization Militias storm the Kuwaiti Consulate in Basra Province, Iraq, in protest against Kuwait's role with the U.S. in the...

BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions Just another day in private credit paradise... er, hell.  One day after Gundlach repeated his warning that the private credit crisis will end in tears for bagholders, Blackrock cut the value of its publicly-traded private credit fund by about 5%, as it - like most of its peers - struggled under the weight of troubled loans, markdowns and lower returns. BlackRock TCP Capital Corp., a publicly traded middle-market lending fund, said markdowns totaled $35 million in the quarter...