Trump Says Iran Peace Deal 'Largely Negotiated,' Hormuz To Reopen As Final Terms Discussed

Iranian Foreign Minister Abbas Araghchi said that Tehran is not seeking to end the war with the US.  “We are not asking for a ceasefire. And we don’t see any reason why we should negotiate with the US. When we negotiated with [the US] twice, and every time they attacked us in the middle of […]

Sternlicht's Starwood Real Estate Fund Gates Redemptions Earlier this month, when much of the attention was largely focused on private credit, we warned that one of the old, familiar credit market time-bombs, commercial real estate which for many years had been penned as the "Next Big Short", was deteriorating rapidly: according to the latest TREPP CMBS monthly report, March saw a surge in the CMBS delinquency rate, which jumped by 41bps to 7.55%, the highest in years, led by a surge in the lodging rate, a category which until now was...

Bus-Bomb Plot By Marxist 'Mad Max' Foiled Ahead Of Trump-Backed Colombian President's Inauguration Less than a week after Colombian authorities blamed a Marxist-Leninist terrorist group for detonating a truck bomb outside police headquarters in the border city of Cúcuta, injuring 11 officers, security forces intercepted a bus carrying a massive bomb. The local outlet Blu Radio reported that an intelligence operation by the National Police thwarted a "terrorist attack" when authorities intercepted a bus carrying 1,000 pounds of ammonium nitrate in Santander de Quilichao, about 30 miles from Cali. President-elect Abelardo de...