Business

Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility

Monday, June 1 by SRN News

HONG KONG (AP) - Stock markets in Japan and South Korea hit fresh record highs Monday on enthusiasm over the artificial intelligence boom and as investors await a decision on the Iran war ceasefire extension. Oil prices gained more than 2% as U.S.-Iran negotiations continued,... Read More.

Singapore’s DBS to open 18 new Asian wealth centres, expand advisory push

Monday, June 1 by SRN News

June 1 (Reuters) - DBS Group said on Monday it would open 18 new wealth centres across Asia by the end of 2027 and upgrade 36 existing centres over the next 18 months, marking the largest physical expansion of its wealth franchise to date. The... Read More.

Morning Bid: Who needs oil when there’s AI to buy?

Monday, June 1 by SRN News

June 1 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It seems investors are concluding no news is good news when it comes to the Gulf peace talks. President Trump had said he was meeting last Friday... Read More.

Australian state regulator fines Star Sydney $7.2 million for risk management failures

Monday, June 1 by SRN News

June 1 (Reuters) - The New South Wales gaming regulator on Monday said that it has fined Star Entertainment's Sydney casino a total of A$10 million ($7.18 million) to strengthen the technology surrounding its financial crime risk management operations. An enforceable undertaking to set aside... Read More.

Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

Sunday, May 31 by SRN News

BOSTON (AP) - Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank's independence. Speaking at the John F. Kennedy Presidential... Read More.

UAW calls for a midnight strike at GM pickup truck axle supplier

Sunday, May 31 by SRN News

By Kalea Hall DETROIT, May 31 (Reuters) - United Auto Workers President Shawn Fain on Sunday called for a strike at a Michigan factory that makes axles for General Motors pickup trucks, some of its most profitable vehicles. The Detroit union said late on Sunday that... Read More.

Rising stablecoin use could cement dollar dominance, ECB’s Schnabel says

Sunday, May 31 by SRN News

FRANKFURT, June 1 (Reuters) - The increased use of stablecoins could reinforce the dollar's global dominance, undermine some nations' ability to set monetary policy and even diminish the role of the euro, European Central Bank board member Isabel Schnabel said on Monday. The use of... Read More.

Dollar steadies as markets await signals on Iran war, central banks

Sunday, May 31 by SRN News

By Rocky Swift TOKYO, June 1 (Reuters) - The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower... Read More.

Asia stocks count on AI boom to offset Gulf risks

Sunday, May 31 by SRN News

By Wayne Cole SYDNEY, June 1 (Reuters) - Asian share markets firmed on Monday as the boom in all things AI continued to drive demand, offsetting a lack of progress in Gulf peace talks that challenged optimism on a re-opening of the Strait of Hormuz... Read More.

South Korea export growth hits four-decade high as chip sales hit record on AI boom

Sunday, May 31 by SRN News

By Jihoon Lee SEOUL, June 1 (Reuters) - South Korea's exports grew at the strongest annual rate in more than four decades in May, beating market expectations, as chip sales hit a record on a global boom in AI investment. Exports from Asia's fourth-largest economy,... Read More.

Current Weather

Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility

Singapore’s DBS to open 18 new Asian wealth centres, expand advisory push

Morning Bid: Who needs oil when there’s AI to buy?

Australian state regulator fines Star Sydney $7.2 million for risk management failures

Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

UAW calls for a midnight strike at GM pickup truck axle supplier

Rising stablecoin use could cement dollar dominance, ECB’s Schnabel says

Dollar steadies as markets await signals on Iran war, central banks

Asia stocks count on AI boom to offset Gulf risks

South Korea export growth hits four-decade high as chip sales hit record on AI boom

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