Business

Asian benchmarks trade mixed following rally on Wall Street led by technology issues

Friday, September 4 by SRN News

TOKYO (AP) - Asian shares were trading mixed Friday, as market sentiment for some regional benchmarks got a boost from the tech-led rally on Wall Street. Japan's benchmark Nikkei 225 rose 1.3% to finish at 65,020.94. South Korea's Kospi gained 1.7% to 6,690.72. Australia's S&P/ASX... Read More.

Morning Bid: Seems payrolls isn’t the data you are looking for

Friday, September 4 by SRN News

A look at the day ahead in European and global markets from Stella Qiu U.S. Federal Reserve Governor Christopher Waller overnight urged markets to "give disinflation a chance" as global bond yields fly. And with that, markets are back to pricing this month's interest... Read More.

One year after its founder’s death, Armani faces challenge of ‘inevitable evolution’

Friday, September 4 by SRN News

By Elisa Anzolin and Elvira Pollina MILAN, Sept 4 (Reuters) - One year after the death of founder Giorgio Armani, the Italian fashion house is entering a pivotal period as the clock starts ticking on plans for an initial stake sale, after the group spent... Read More.

Exclusive-Citi eyes China brokerage unit licence as soon as this month, sources say

Friday, September 4 by SRN News

By Selena Li HONG KONG, Sept 4 (Reuters) - Citigroup expects to get regulatory approval for its wholly-owned China brokerage business as soon as this month and plans to add several dozen staff at the unit over the next few months, said two people... Read More.

Volkswagen’s surprise turnaround deal eases crisis at embattled carmaker

Friday, September 4 by SRN News

By Christoph Steitz and Christina Amann FRANKFURT/BERLIN, Sept 4 (Reuters) - Shares in Volkswagen rose 6% after the supervisory board of Europe's largest automaker late on Thursday struck a major turnaround agreement that averted an escalation with unions and shareholder Lower Saxony. The deal on... Read More.

Head of Myanmar’s military-backed government visits Vietnam in bid to normalize ties

Friday, September 4 by SRN News

BANGKOK (AP) - The leader of Myanmar's military-backed government arrived Friday in Vietnam for talks with Vietnamese leaders in his latest effort to normalize relations with other Southeast Asian countries and attract foreign investment. Min Aung Hlaing has stepped up his diplomatic engagements since he... Read More.

European shares edge lower ahead of US jobs data; Volkswagen jumps

Friday, September 4 by SRN News

Sept 4 (Reuters) - European shares ticked lower on Friday ahead of closely watched U.S. jobs data, while Volkswagen's shares rallied after the automaker announced a major transformation plan that includes 50,000 job cuts. The pan-European STOXX 600 dipped 0.1% to 648.67 points by 0710... Read More.

Analysis-Yen’s changing fortunes might finally be spooking the bears

Friday, September 4 by SRN News

By Dhara Ranasinghe, Rae Wee and Atsuko Aoyama LONDON/SINGAPORE/TOKYO, Sept 4 (Reuters) - Just six weeks after hitting a four-decade low against the dollar, the tide appears to be turning for the battered yen as a host of factors finally smoke out brash traders who... Read More.

US job growth expected to rebound in August; unemployment rate forecast steady at 4.1%

Thursday, September 3 by SRN News

By Lucia Mutikani WASHINGTON, Sept 4 (Reuters) - U.S. payrolls growth likely rebounded in August as the drag from local government education reversed, but the anticipated recovery could be limited by job losses related to the termination of Temporary Protected Status for Haitian immigrants. The Labor... Read More.

Oil set for steepest weekly gain since mid-July over intensifying US-Iran tensions

Thursday, September 3 by SRN News

SINGAPORE, Sept 4 (Reuters) - Oil prices rose on Friday and are on track for the steepest weekly gain since mid-July as rising tensions and renewed U.S.-Iran hostilities heightened concerns over Middle East supply risks. Brent crude futures rose 15 cents, or 0.2%, to $95.67... Read More.

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Current Weather

Asian benchmarks trade mixed following rally on Wall Street led by technology issues

Morning Bid: Seems payrolls isn’t the data you are looking for

One year after its founder’s death, Armani faces challenge of ‘inevitable evolution’

Exclusive-Citi eyes China brokerage unit licence as soon as this month, sources say

Volkswagen’s surprise turnaround deal eases crisis at embattled carmaker

Head of Myanmar’s military-backed government visits Vietnam in bid to normalize ties

European shares edge lower ahead of US jobs data; Volkswagen jumps

Analysis-Yen’s changing fortunes might finally be spooking the bears

US job growth expected to rebound in August; unemployment rate forecast steady at 4.1%

Oil set for steepest weekly gain since mid-July over intensifying US-Iran tensions

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