Business

Luxury brands seek to lure America’s AI super-rich

Monday, June 1 by SRN News

By Elisa Anzolin and Helen Reid MILAN/LONDON, June 2 (Reuters) - European luxury brands have sharpened their focus on the United States, with a surge of store openings and fashion shows to lure a new crop of wealthy shoppers enriched by the AI and tech... Read More.

Asian shares mostly slip as latest fighting undermines the US-Iran ceasefire.

Monday, June 1 by SRN News

TOKYO (AP) - Asian shares mostly declined Tuesday as renewed fighting threatened the U.S.-Iran ceasefire. U.S. futures also fell. Japan's benchmark Nikkei 225 slipped 1.6% to 65,833.49 and South Korea's Kospi dipped 1.7% to 8,642.82. The Hang Seng gained 1.2% to 25,698.75, while the... Read More.

Blackstone raises $13.1 billion for its largest Asia private equity fund

Monday, June 1 by SRN News

June 2 (Reuters) - Alternative asset manager Blackstone said on Tuesday it has raised $13.1 billion for its Asia private equity fund, exceeding its initial target and marking its largest such fundraise in the region. The fundraising reflects strong investor interest in Asia despite global... Read More.

Australia’s net trade drags on economy as tech, fuel imports surge

Monday, June 1 by SRN News

SYDNEY, June 2 (Reuters) - Australia's net trade proved to be a major drag on the economy in the first quarter as imports of data centre equipment and fuel boomed, while government spending added nothing to economic growth. Inventories were expected to add 0.2 percentage... Read More.

Asia stocks skittish as Middle East anxiety offsets AI optimism

Monday, June 1 by SRN News

By Gregor Stuart Hunter SINGAPORE, June 2 (Reuters) - Asian stocks made a cautious start to trading on Tuesday as uncertainty over whether the ceasefire in the Middle East conflict capped the lift to sentiment from renewed optimism around AI. MSCI's broadest index of Asia-Pacific shares... Read More.

Dollar steady as traders await progress on Middle East peace talks

Monday, June 1 by SRN News

By Satoshi Sugiyama TOKYO, June 2 (Reuters) - The U.S. dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on edge. Investors have... Read More.

Oil steadies as uncertainty over US-Iran talks keeps markets on edge

Monday, June 1 by SRN News

By Pooja Menon June 2 (Reuters) - Oil prices held on to most of the previous session's sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the... Read More.

Duke Energy exploring tech partnerships to offset nuclear expansion risks

Monday, June 1 by SRN News

By Laila Kearney and Sumit Saha NEW YORK, June 1 (Reuters) - Duke Energy, one of the largest U.S. electric utilities, said on Monday it has talked to hyperscalers about the prospect of building new nuclear power if the technology companies take on some of... Read More.

Australia’s competition regulator issues takedown requests to Amazon, others, for certain toys

Monday, June 1 by SRN News

June 2 (Reuters) - Australia's competition watchdog said on Tuesday it has issued takedown requests to Amazon, eBay, Kogan and Fruugo for toys and games containing potentially deadly small magnets, as part of its investigation. (Reporting by Sherin Sunny in Bengaluru; Editing by Shilpi... Read More.

Australia says its wheat output will be shrunk by Iran war costs, dry weather

Monday, June 1 by SRN News

CANBERRA, June 2 (Reuters) - Australia's upcoming wheat harvest will be the smallest in three years, as high fertiliser costs and dry conditions in some areas reduce planting and yields, the government said on Tuesday. Australia is a major exporter of wheat and other crops.... Read More.

Current Weather

Luxury brands seek to lure America’s AI super-rich

Asian shares mostly slip as latest fighting undermines the US-Iran ceasefire.

Blackstone raises $13.1 billion for its largest Asia private equity fund

Australia’s net trade drags on economy as tech, fuel imports surge

Asia stocks skittish as Middle East anxiety offsets AI optimism

Dollar steady as traders await progress on Middle East peace talks

Oil steadies as uncertainty over US-Iran talks keeps markets on edge

Duke Energy exploring tech partnerships to offset nuclear expansion risks

Australia’s competition regulator issues takedown requests to Amazon, others, for certain toys

Australia says its wheat output will be shrunk by Iran war costs, dry weather

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