Business

Tech stocks dive as Fed bets rattle AI rally

Sunday, June 7 by SRN News

SINGAPORE, June 8 (Reuters) - Asian markets extended last week's bruising selloff with high-flying semiconductor stocks taking the heaviest beating and South Korea's KOSPI sinking more than 4.5%. U.S. markets fell sharply on Friday when strong jobs data lifted the odds of a rate hike... Read More.

Dollar climbs to two-month peak as Fed hike bets ramp up

Sunday, June 7 by SRN News

By Rae Wee SINGAPORE, June 8 (Reuters) - The dollar was perched near a two-month high on Monday after a blowout U.S. jobs report sent traders ramping up bets on a Federal Reserve rate hike this year, while the yen teetered further into the intervention... Read More.

Oil prices rise more than $2 on Israel strikes on Lebanon

Sunday, June 7 by SRN News

By Colleen Howe BEIJING, June 8 (Reuters) - Oil prices were up more than $2 a barrel in early trading on Monday after Israel on Sunday launched strikes on the Beirut area for the first time since the U.S. announced a ceasefire plan for Lebanon. U.S.... Read More.

Asia markets brace for selling after tech rout hits Wall Street

Sunday, June 7 by SRN News

SINGAPORE, June 8 (Reuters) - Asian markets were poised to fall on Monday after Wall Street's nine-week winning streak ended in heavy tech selling, while Israeli strikes on Beirut sent oil and the dollar higher. Futures and Friday's U.S. exchange-traded fund... Read More.

China says ‘illegal’ outbound investment crackdown won’t lead to forced liquidation

Sunday, June 7 by SRN News

June 8 (Reuters) - China's crackdown on "illegal" cross-border investment won't lead to mainlanders' offshore accounts being closed and assets liquidated forcibly, the securities regulator said, amid investor concerns over the fate of $54 billion worth of assets. Some savers from mainland China are travelling... Read More.

The Media Line: Israel’s Haredi Debate Becomes an Economic Reckoning

Sunday, June 7 by SRN News

Israel's Haredi Debate Becomes an Economic Reckoning Rising defense costs, demographic change, and gaps in education, employment, and military service are turning a long-running social dispute into a national fiscal challenge By Gabriel Colodro / The Media Line Israel's debate over... Read More.

Airbus notifies A320neo series customers of delays on jets due in 2027 and 2028, Bloomberg News reports

Sunday, June 7 by SRN News

June 7 (Reuters) - Airbus SE has been notifying some customers of delays on A320neo series jets that are due to be delivered in 2027 and 2028, Bloomberg News reported on Sunday, citing people familiar with the matter. The customers are being told that jets... Read More.

Brazil’s Embraer sees eventual China breakthrough for E2 jets

Sunday, June 7 by SRN News

By Gabriel Araujo RIO DE JANEIRO, June 7 (Reuters) - Brazilian planemaker Embraer expects to eventually bring its E2 jets into China, seeing a role for the aircraft among the country's domestically developed models, a senior executive told Reuters on Sunday. "We have a dedicated team... Read More.

United Airlines CEO says big merger unlikely after American rebuff, asset buys possible

Sunday, June 7 by SRN News

By Rajesh Kumar Singh and Joe Brock RIO DE JANEIRO, June 7 (Reuters) - United Airlines remains open to buying airport slots, gates or other assets if higher fuel prices put weaker rivals under pressure, but it is unlikely to pursue a major consolidation deal... Read More.

NASA to wear Prada as luxury group pushes into space industry

Sunday, June 7 by SRN News

By Danielle Kaye NEW YORK, June 7 (Reuters) - Italian fashion house Prada unveiled on Sunday the inner-layer garment set to be worn by NASA astronauts heading into space, underscoring the brand's push to be the first major luxury player to make inroads in... Read More.

Current Weather

Tech stocks dive as Fed bets rattle AI rally

Dollar climbs to two-month peak as Fed hike bets ramp up

Oil prices rise more than $2 on Israel strikes on Lebanon

Asia markets brace for selling after tech rout hits Wall Street

China says ‘illegal’ outbound investment crackdown won’t lead to forced liquidation

The Media Line: Israel’s Haredi Debate Becomes an Economic Reckoning

Airbus notifies A320neo series customers of delays on jets due in 2027 and 2028, Bloomberg News reports

Brazil’s Embraer sees eventual China breakthrough for E2 jets

United Airlines CEO says big merger unlikely after American rebuff, asset buys possible

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