Business

Brazil steelmaker CSN says Steinbruch leaving CEO role after 24 years

Wednesday, September 2 by SRN News

SAO PAULO, Sept 2 (Reuters) - Brazilian steelmaker CSN said on Wednesday that Benjamin Steinbruch, a member of the family who controls the company, is leaving the position of chief executive officer he has held since 2002. He will be replaced by Fabio Schvartsman,... Read More.

US Justice Department expands beef price probe to eight retailers

Wednesday, September 2 by SRN News

(Corrects day in lede to Tuesday from Wednesday) Sept 2 (Reuters) - The U.S. Department of Justice said in a post on social media platform X on Tuesday that its antitrust division has expanded an investigation on beef affordability to add eight major retailers, including... Read More.

Japan services growth hits five-month high, PMI shows

Wednesday, September 2 by SRN News

TOKYO, Sept 3 (Reuters) - Japan's services sector expanded at its fastest pace in five months in August, as stronger domestic demand lifted business activity and new work, a private survey showed on Thursday. • The S&P Global final Japan Services Purchasing Managers' Index (PMI)... Read More.

IMF’s Georgieva says rising bond yields threaten progress on developing country debt

Wednesday, September 2 by SRN News

By David Lawder ASHEVILLE, North Carolina, Sept 2 (Reuters) - Ballooning debt and rising bond yields in advanced economies are threatening to undo developing and low-income countries' progress in reining in their own debts, International Monetary Fund Managing Director Kristalina Georgieva told Reuters. Georgieva said in... Read More.

Yen in the spotlight after sudden jump

Wednesday, September 2 by SRN News

By Rae Wee SINGAPORE, Sept 3 (Reuters) - The yen held its gains on Thursday after a sudden, brief surge in the previous session that traders suspect may have been driven by government authorities, keeping pressure on the dollar ahead of a crucial U.S. jobs... Read More.

Oil edges down as investors weigh uncertainty over U.S.-Iran strikes

Wednesday, September 2 by SRN News

By Sam Li and Lewis Jackson BEIJING, Sept 3 (Reuters) - Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the U.S. and Iran that risk disrupting supplies from the Middle East. Brent crude futures fell 43 cents, or... Read More.

Waymo taps Pimco, Blackstone to raise $3 billion debt, Bloomberg News reports

Wednesday, September 2 by SRN News

Sept 2 (Reuters) - Alphabet's Waymo is in the final stages of talks to raise debt for the first time, seeking more than $3 billion from lenders including Pacific Investment Management and Blackstone, Bloomberg News reported on Wednesday, citing people familiar with the matter. Competition... Read More.

Exclusive-Private equity firms Carlyle, Bain, Oaktree readying bids for Serie A international media unit, say sources

Wednesday, September 2 by SRN News

By Elvira Pollina MILAN, Sept 2 (Reuters) - Carlyle and Bain are among private equity funds preparing to bid for a minority stake in a company holding the international media rights of Serie A, three sources familiar with the matter told Reuters, in the latest... Read More.

Microsoft to reveal Azure cloud sales in financial reporting shift

Wednesday, September 2 by SRN News

By Stephen Nellis SAN FRANCISCO, Sept 2 (Reuters) - Microsoft said on Wednesday it will start reporting sales from its Azure cloud computing unit on a quarterly basis, providing a direct comparison to its top rivals Amazon.com and Alphabet's Google as the three compete in... Read More.

Elliott built stake in Deutsche Telekom and opposes T-Mobile merger, Bloomberg News reports

Wednesday, September 2 by SRN News

(Corrects paragraph 1 to say Bloomberg report was on Wednesday, not Tuesday) Sept 2 (Reuters) - Elliott Investment Management has built a sizeable stake in Deutsche Telekom and indicated that the company should ditch a potential merger with T-Mobile US, Bloomberg News reported on Wednesday,... Read More.

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Current Weather

Brazil steelmaker CSN says Steinbruch leaving CEO role after 24 years

US Justice Department expands beef price probe to eight retailers

Japan services growth hits five-month high, PMI shows

IMF’s Georgieva says rising bond yields threaten progress on developing country debt

Yen in the spotlight after sudden jump

Oil edges down as investors weigh uncertainty over U.S.-Iran strikes

Waymo taps Pimco, Blackstone to raise $3 billion debt, Bloomberg News reports

Exclusive-Private equity firms Carlyle, Bain, Oaktree readying bids for Serie A international media unit, say sources

Elliott built stake in Deutsche Telekom and opposes T-Mobile merger, Bloomberg News reports

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