Business

Franklin Resources’ Wamco to pay $100 million SEC fine over alleged cherry-picking

Friday, June 5 by SRN News

June 5 (Reuters) - Western Asset Management Co, a unit of Franklin Resources, will pay a $100 million civil penalty to resolve U.S. Securities and Exchange Commission charges related to former co-chief investment officer Kenneth Leech's alleged cherry-picking scheme, the regulator said on Friday. Leech... Read More.

Putin slams Western sanctions as damaging to the global economy

Friday, June 5 by SRN News

ST. PETERSBURG, Russia (AP) - Russian President Vladimir Putin said Friday that developing countries have gained an increasingly important role in the global economy, while the share of output by Western countries has shrunk. In a speech to the annual St. Petersburg International Economic Forum,... Read More.

Employers added 172,000 jobs last month as US job market shows resilience despite Iran war

Friday, June 5 by SRN News

WASHINGTON (AP) - The American job market continues to show surprising strength, shrugging off the high costs of the Iran war. Employers added 172,000 jobs in May - roughly double what forecasters had expected - and the unemployment rate remained at a low 4.3%. The... Read More.

Treasury warns banks of ‘red flags’ tied to customers in the US illegally

Friday, June 5 by SRN News

WASHINGTON (AP) - Treasury's financial crimes arm wants banks to help identify payroll schemes tied to people living in the country illegally, as part of the Trump administration's latest measure to clamp down on immigration. The Financial Crimes Enforcement Network - also known a FinCEN... Read More.

Sika targets growth from China renovation market, global data centres

Friday, June 5 by SRN News

June 5 (Reuters) - Sika sees growth opportunities in China's renovation market and infrastructure construction in the U.S., the Swiss construction chemicals manufacturer's CEO Thomas Hasler said in an interview with Finanz und Wirtschaft published on Friday. • Sika has further fragmented its business in... Read More.

U.S. equity fund inflows surge as tech rally boosts sentiment

Friday, June 5 by SRN News

June 5 (Reuters) - U.S. equity funds attracted the largest weekly inflow in three weeks in the week to June 3 as robust earnings outlooks by some technology companies extended a bull run in AI-linked technology stocks. According to LSEG Lipper data, investors bought U.S.... Read More.

Nasdaq, S&P futures slip as semiconductors drag; payrolls in focus

Friday, June 5 by SRN News

June 5 (Reuters) - U.S. stock index futures fell on Friday, as chipmakers lost steam following a strong rally and investors stayed cautious ahead of the May employment report, which could shape expectations for the Federal Reserve's policy path. Semiconductors led the declines. Nvidia, the... Read More.

California to decide soon whether it will seek to block Paramount deal

Friday, June 5 by SRN News

By Jody Godoy and Nathan Frandino June 5 (Reuters) - California Attorney General Rob Bonta will soon decide whether to sue to block Paramount's $110 billion acquisition of Warner Bros, he told Reuters in an interview, adding that in general he views any corporate promises... Read More.

China to tighten oversight of private investment funds

Friday, June 5 by SRN News

BEIJING/SHANGHAI, June 5 (Reuters) - China on Friday tightened oversight of the country's 23 trillion yuan ($3.40 trillion) private fund industry, in a bid to reduce financial risks and channel money into technology innovation and emerging industries. China's securities regulator said it would raise the... Read More.

Global equity fund inflows at 3-week high as AI optimism boosts sentiment

Friday, June 5 by SRN News

June 5 (Reuters) - Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand. According to LSEG Lipper data, global equity... Read More.

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Current Weather

Franklin Resources’ Wamco to pay $100 million SEC fine over alleged cherry-picking

Putin slams Western sanctions as damaging to the global economy

Employers added 172,000 jobs last month as US job market shows resilience despite Iran war

Treasury warns banks of ‘red flags’ tied to customers in the US illegally

Sika targets growth from China renovation market, global data centres

U.S. equity fund inflows surge as tech rally boosts sentiment

Nasdaq, S&P futures slip as semiconductors drag; payrolls in focus

California to decide soon whether it will seek to block Paramount deal

China to tighten oversight of private investment funds

Global equity fund inflows at 3-week high as AI optimism boosts sentiment

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