Business

Macquarie, Westpac to testify in KPMG Australia audit scandal probe

Thursday, August 13 by SRN News

SYDNEY, Aug 14 (Reuters) - Leaders from some of Australia's biggest companies, including major banks Macquarie Group and Westpac, will face questioning from lawmakers on Friday as part of a probe into accounting firm KPMG's alleged misuse of client data to win audit contracts. Macquarie's... Read More.

Tyson Foods will close or sell three US beef facilities as industry struggles

Thursday, August 13 by SRN News

By P.J. Huffstutter CHICAGO, Aug 13 (Reuters) - Tyson Foods said on Thursday it will close or sell three of its beef plant and packaging operation sites, further shrinking its beef footprint as a historic U.S. cattle shortage deepens losses for the largest U.S. meatpacker. The... Read More.

US extends Jones Act waiver 90 days, revises compliance rules

Thursday, August 13 by SRN News

Aug 13 (Reuters) - U.S. Customs and Border Protection said on Thursday the Department of Homeland Security has approved a second 90-day extension of a Jones Act waiver first issued on March 17, 2026, allowing certain covered cargoes to continue moving on foreign-flagged vessels... Read More.

Fed’s Goolsbee says latest inflation data is better

Thursday, August 13 by SRN News

By Ann Saphir Aug 13 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said the latest U.S. inflation data has been a "little better," and he is hopeful that as the effects of tariffs and higher oil prices from the Iran war... Read More.

Musk discloses 48.4% stake in SpaceX in regulatory filing

Thursday, August 13 by SRN News

Aug 13 (Reuters) - Elon Musk held a 48.4% stake in SpaceX as of June 30, a regulatory filing showed on Thursday, valuing his holding at more than $900 billion at current market prices. The rockets-to-AI company went public on June 12 after a record-setting... Read More.

Iran war a boon for China’s e-trucks, fuelling export surge

Thursday, August 13 by SRN News

By Sam Li and Lewis Jackson BEIJING, Aug 14 (Reuters) - China's exports of electric trucks to other Asian countries have spiked, adding to a surge in domestic sales as higher fuel costs as a result of the Iran war accelerate regional electrification. China's rapid adoption... Read More.

Japan may see more yen intervention, faster BOJ rate hikes, ex-top FX diplomat says

Thursday, August 13 by SRN News

By Leika Kihara and Takaya Yamaguchi TOKYO, Aug 14 (Reuters) - Japan may conduct joint yen intervention "at any time" and signal the chance of faster-than-expected interest rate hikes to stem the currency's falls, said Tokyo's former top currency diplomat Mitsuhiro Furusawa. The yen is "clearly... Read More.

Josh Kushner moves into spotlight after stunning purchase of Lakers with partner Bob Iger

Thursday, August 13 by SRN News

LOS ANGELES (AP) - For a billionaire and a tech investor who also has one of the U.S.' best-known surnames, Josh Kushner has managed to stay off the front pages and out of the world's broader discourse to a remarkable degree. That's all changed this... Read More.

White House says transshipped goods cost $19 billion to $26 billion in lost tariffs

Thursday, August 13 by SRN News

Aug 13 (Reuters) - The White House on Thursday said in a report the U.S. is losing some $19 billion to $26 billion in annual tariff revenue to goods, largely from China, that are transshipped through third countries to avoid U.S. import duties. •... Read More.

Mighty Norway wealth fund warns of erosion in shareholder rights

Thursday, August 13 by SRN News

By Gwladys Fouche ARENDAL, Norway, Aug 13 (Reuters) - Norway's $2.3 trillion sovereign wealth fund is raising concerns about what it sees as a steady erosion of shareholder rights across major markets, warning that regulations increasingly favour company founders and insiders over independent investors. Investing the... Read More.

Current Weather

Macquarie, Westpac to testify in KPMG Australia audit scandal probe

Tyson Foods will close or sell three US beef facilities as industry struggles

US extends Jones Act waiver 90 days, revises compliance rules

Fed’s Goolsbee says latest inflation data is better

Musk discloses 48.4% stake in SpaceX in regulatory filing

Iran war a boon for China’s e-trucks, fuelling export surge

Japan may see more yen intervention, faster BOJ rate hikes, ex-top FX diplomat says

Josh Kushner moves into spotlight after stunning purchase of Lakers with partner Bob Iger

White House says transshipped goods cost $19 billion to $26 billion in lost tariffs

Mighty Norway wealth fund warns of erosion in shareholder rights

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