Business

Foreign outflows from Asian equities surge on Middle East risks, tech rout

Wednesday, June 10 by SRN News

June 10 (Reuters) - Asian equities are witnessing a surge in foreign outflows in June as escalating Middle East hostilities and a pullback in AI-linked technology stocks following underwhelming results by Broadcom, prompt investors to trim exposure. Foreign investors have withdrawn a net $27.08 billion... Read More.

Gas generator maker ERock raises $600 million in US IPO

Wednesday, June 10 by SRN News

June 10 (Reuters) - ERock raised $600 million in its U.S. initial public offering, the natural gas generator maker said late on Tuesday, becoming the latest company to debut amid a busy market for new listings. Here are some details of the IPO: • The... Read More.

Morning Bid: The chips are blue

Wednesday, June 10 by SRN News

By Mike Dolan June 10 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The unnerving thing about Tuesday's relapse in U.S. tech stocks is that it happened even as oil prices fell sharply during the session, showing that... Read More.

Wall St futures slip as tech losses mount ahead of key inflation data

Wednesday, June 10 by SRN News

By Joel Jose and Twesha Dikshit June 10 (Reuters) - U.S. stock index futures fell on Wednesday as technology stocks extended losses, while renewed tensions between the U.S. and Iran weighed on sentiment ahead of a key inflation report that could alter the... Read More.

Ares Management raises $8.5 billion for new fund, FT reports

Wednesday, June 10 by SRN News

June 10 (Reuters) - Alternative asset manager Ares Management has raised $8.5 billion from institutional investors for its latest specialty credit fund, the Financial Times reported on Wednesday. The new fund, the third in the company's Pathfinder series, is one of the largest closed-end funds... Read More.

Analysis-Airbus leans towards Saab as Franco-German fighter unravels

Wednesday, June 10 by SRN News

By Tim Hepher, Sabine Siebold and Maria Rugamer PARIS/BERLIN, June 10 (Reuters) - Airbus is increasingly looking to Sweden's Saab as a preferred future partner as the collapse of a Franco-German fighter programme reshapes European defence alliances, three people familiar with the matter said. ... Read More.

Thomson Reuters faces shareholder vote over ICE contracts

Wednesday, June 10 by SRN News

By Ross Kerber June 10 (Reuters) - Content and technology company Thomson Reuters faces a shareholder vote at its annual meeting on Wednesday over its U.S. government contracts for services that some investors and employees say may help power the Trump administration's crackdown on undocumented... Read More.

LinkedIn launches new effort in push to capture business advertisers

Wednesday, June 10 by SRN News

By Jaspreet Singh June 10 (Reuters) - LinkedIn is aiming to burnish its position as a go-to platform for business advertisers with a new team of marketing experts that it expects to generate an annualized run rate of $100 million next fiscal year, a source... Read More.

Honda America recalls more than 880,000 vehicles over rear suspension components failure

Wednesday, June 10 by SRN News

June 10 (Reuters) - Honda Motor America has recalled 880,514 vehicles in the United States over the failure of rear suspension components in the vehicles, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. The recall includes certain Honda Pilot, Ridgeline, Passport, Acura MDX... Read More.

China car exports jump 73% in May as high fuel prices raise interest in EVs

Wednesday, June 10 by SRN News

HONG KONG (AP) - China's passenger car exports jumped 73% year-on-year in May to around 809,000 vehicles, an industry group reported Wednesday, as higher gasoline and diesel prices due to the war in Iran raised interest in electric vehicles. The China Association of Automobile Manufacturers... Read More.

Current Weather

Foreign outflows from Asian equities surge on Middle East risks, tech rout

Gas generator maker ERock raises $600 million in US IPO

Morning Bid: The chips are blue

Wall St futures slip as tech losses mount ahead of key inflation data

Ares Management raises $8.5 billion for new fund, FT reports

Analysis-Airbus leans towards Saab as Franco-German fighter unravels

Thomson Reuters faces shareholder vote over ICE contracts

LinkedIn launches new effort in push to capture business advertisers

Honda America recalls more than 880,000 vehicles over rear suspension components failure

China car exports jump 73% in May as high fuel prices raise interest in EVs

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