Business

Oil falls as Lebanon and Israel agree to implement ceasefire

Wednesday, June 3 by SRN News

By Sam Li and Lewis Jackson BEIJING, June 4 (Reuters) - Oil prices eased on Thursday as Israel and Lebanon's ceasefire agreement boosted hopes for a broader deal to end the U.S.-Israeli war with Iran, while the U.S. House approved a resolution seeking to curb... Read More.

Meta accuses Australia of breaching FTA, invokes US ‘trade action’

Wednesday, June 3 by SRN News

SYDNEY, June 4 (Reuters) - Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a... Read More.

Trading Day: War clouds and tech wobbles

Wednesday, June 3 by SRN News

By Jamie McGeever ORLANDO, Florida, June 3 (Reuters) - Escalating tensions in the Middle East and a wave of profit-taking in AI and tech shares cast a long shadow over markets on Wednesday, depressing the price of stocks and bonds while lifting the dollar and... Read More.

TransAlta to buy Blackstone-backed Colorado gas-fired plants for $1 billion

Wednesday, June 3 by SRN News

June 3 (Reuters) - Canadian power producer TransAlta Corp said on Wednesday it will acquire two natural gas-fired peaking facilities near Denver, Colorado, from Blackstone for about $1 billion, strengthening its presence in the Western U.S. power market. Power producers are adding flexible gas-fired capacity... Read More.

JPMorgan’s Dimon to discuss SpaceX IPO roadshow with ultra-rich clients, Bloomberg News reports

Wednesday, June 3 by SRN News

June 3 (Reuters) - JPMorgan Chase CEO Jamie Dimon plans to discuss the upcoming initial public offering of SpaceX with thousands of the bank's high-net-worth clients this week, according to a report by Bloomberg News on Wednesday. Dimon is set to host a "live interactive... Read More.

US tariff doubling cut EU steel exports by 34%, steel body says

Wednesday, June 3 by SRN News

By Philip Blenkinsop BRUSSELS, June 4 (Reuters) - EU steel exports to the U.S. have fallen by 34% since Washington hiked tariffs to 50%, with higher duties on derivative products such as washing machines and motorbikes also hitting European demand, steel industry association Eurofer said... Read More.

Vanguard index product becomes first ETF to top $1 trillion in assets

Wednesday, June 3 by SRN News

By Suzanne McGee ORLANDO, Florida, June 3 (Reuters) - The Vanguard S&P 500 ETF, the index investing pioneer's flagship exchange-traded product, became the first in the history of ETFs to reach and exceed $1 trillion in assets, the investment firm confirmed on Wednesday. The Vanguard fund... Read More.

Spanish hotel chain Meliá to shutter hotels in Cuba in latest blow to island’s tourism sector

Wednesday, June 3 by SRN News

HAVANA (AP) - Spanish hotel chain Meliá has joined a growing list of companies with a long-standing presence in Cuba that are withdrawing or limiting their operations on the island after the U.S. announced new sanctions while upholding an oil embargo. Meliá will cease operations... Read More.

Glazer family members studying Manchester United stake sale, Bloomberg News reports

Wednesday, June 3 by SRN News

June 3 (Reuters) - Some Glazer family members have been debating whether to sell their stake in Manchester United FC after more than two decades of ownership, Bloomberg News reported on Wednesday, citing people familiar with the matter. Several stakeholders in the Glazer family have... Read More.

US FCC plans tighter rules that will help US firms in undersea internet cable market

Wednesday, June 3 by SRN News

By David Shepardson WASHINGTON, June 3 (Reuters) - The Federal Communications Commission said on Wednesday it plans to toughen oversight of submarine communications cables that handle 99% of international internet traffic, proposing rules that will make it harder for Chinese companies to provide equipment... Read More.

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Current Weather

Oil falls as Lebanon and Israel agree to implement ceasefire

Meta accuses Australia of breaching FTA, invokes US ‘trade action’

Trading Day: War clouds and tech wobbles

TransAlta to buy Blackstone-backed Colorado gas-fired plants for $1 billion

JPMorgan’s Dimon to discuss SpaceX IPO roadshow with ultra-rich clients, Bloomberg News reports

US tariff doubling cut EU steel exports by 34%, steel body says

Vanguard index product becomes first ETF to top $1 trillion in assets

Spanish hotel chain Meliá to shutter hotels in Cuba in latest blow to island’s tourism sector

Glazer family members studying Manchester United stake sale, Bloomberg News reports

US FCC plans tighter rules that will help US firms in undersea internet cable market

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