Business

South Korea’s cabinet approves decree on $350 billion US investment plan

Monday, June 8 by SRN News

SEOUL, June 9 (Reuters) - South Korea's cabinet approved on Tuesday a presidential decree as part of the process to allow $350 billion of strategic investments in the United States to proceed under a trade deal struck between the countries last year. The decree... Read More.

Asia stocks make tentative bounce, bonds pressured

Monday, June 8 by SRN News

By Wayne Cole SYDNEY, June 9 (Reuters) - Asian stock markets tried to stabilise on Tuesday and oil prices came off highs after Israel and Iran said they would halt attacks on each other for now, while ever-hopeful investors bought the latest dip in semiconductor... Read More.

Dollar hovers around two-month high as Iran-Israel truce hangs in balance

Monday, June 8 by SRN News

By Jiaxing Li HONG KONG, June 9 (Reuters) - The U.S. dollar held near a two-month high on Tuesday, firming against most major peers as Middle East uncertainty curbed risk appetite and traders ramped up bets on a Federal Reserve rate hike later this... Read More.

Australia business conditions steady in May, mood still gloomy

Monday, June 8 by SRN News

SYDNEY, June 9 (Reuters) - Australian business conditions steadied in May as sales strengthened a little, a survey showed on Tuesday, while confidence stayed gloomy as cost pressures squeezed profit margins. The survey from National Australia Bank showed its index of business conditions held at... Read More.

Oil rises slightly as investors await clarity after Iran-Israel halt attacks

Monday, June 8 by SRN News

By Pooja Menon June 9 (Reuters) - Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt to hostilities following an appeal... Read More.

MSCI confirms early index inclusion rules ahead of SpaceX IPO

Monday, June 8 by SRN News

By Noel Randewich June 8 (Reuters) - Index provider MSCI confirmed on Monday it will apply existing rules for early inclusion of large IPOs in its Global Standard Indexes, likely clearing the way for SpaceX to join, which will fuel demand from passively managed investment... Read More.

S&P downgrades JetBlue deeper into junk as high fuel costs dent recovery

Monday, June 8 by SRN News

June 8 (Reuters) - Global ratings agency S&P said on Monday it had downgraded JetBlue Airways to "CCC+" from "B-," pushing the carrier further into junk territory as high jet fuel costs hamper its recovery. The low-cost carrier has been trying to restore profitability through... Read More.

Blue Owl fund facing redemptions raises $500 million in bond sale, Bloomberg News reports

Monday, June 8 by SRN News

June 8 (Reuters) - A private credit fund managed by Blue Owl Capital, which earlier this year imposed limits on investor redemptions, has raised $500 million through an investment‑grade bond offering, Bloomberg News reported on Monday, citing a person familiar with the matter. Blue... Read More.

Strike at GM axle supplier continues

Monday, June 8 by SRN News

By Kalea Hall DETROIT, June 8 (Reuters) - A strike at a major supplier for General Motors' trucks entered its second week on Monday with the United Auto Workers and Dauch Corp still unable to reach a deal, according to a local union official. "Unfortunately,... Read More.

Trading Day: Recovery, but on mute

Monday, June 8 by SRN News

By Jamie McGeever ORLANDO, Florida, June 8 (Reuters) - The S&P 500 and Nasdaq rebounded on Monday from Friday's tech-led rout, on news of an Israel-Iran detente and as investors bought back cheapened stocks. The recovery was fairly muted though, suggesting worries over interest rates... Read More.

Current Weather

South Korea’s cabinet approves decree on $350 billion US investment plan

Asia stocks make tentative bounce, bonds pressured

Dollar hovers around two-month high as Iran-Israel truce hangs in balance

Australia business conditions steady in May, mood still gloomy

Oil rises slightly as investors await clarity after Iran-Israel halt attacks

MSCI confirms early index inclusion rules ahead of SpaceX IPO

S&P downgrades JetBlue deeper into junk as high fuel costs dent recovery

Blue Owl fund facing redemptions raises $500 million in bond sale, Bloomberg News reports

Strike at GM axle supplier continues

Trading Day: Recovery, but on mute

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