Business

Nomura seeks US fund management acquisitions as part of global expansion

Friday, May 29 by SRN News

By Anton Bridge TOKYO, May 29 (Reuters) - Japan's Nomura Holdings is looking for acquisition targets for its investment management business in the U.S. to build on last year's $1.8 billion buyout of Macquarie's U.S. and European public asset management businesses, its chief executive said... Read More.

Japan spent $73 billion in yen-buying intervention, ministry data shows

Friday, May 29 by SRN News

By Kevin Buckland TOKYO, May 29 (Reuters) - Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over the past month to support the yen, but with only limited effect as the currency hovers near the same levels that prompted Tokyo... Read More.

European Commission debates policy shift to protect industry from China

Friday, May 29 by SRN News

By Julia Payne BRUSSELS, May 29 (Reuters) - European commissioners met on Friday to discuss how to shield Europe's industries from surging Chinese imports, and secure alternative supplies of key inputs and critical minerals to reduce the bloc's heavy dependence on China. The European Union's executive... Read More.

Stellantis plays down European scope for JLR and Tata partnerships

Friday, May 29 by SRN News

TURIN, May 29 (Reuters) - Stellantis has no significant plans to expand its recent partnerships with Jaguar Land Rover and Tata Motors to Europe, its Europe chief Emanuele Cappellano said on Friday. The automaker last month announced a series of cooperation agreements under its new... Read More.

Morning Bid: Deal or no deal

Friday, May 29 by SRN News

By Anna Szymanski May 29 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! The holiday-shortened week began - and is ending - on a hopeful note amid apparent... Read More.

Global bonds take wild ride in May as Iran war shocks market

Friday, May 29 by SRN News

By Harry Robertson and Yoruk Bahceli LONDON, May 29 (Reuters) - The Iran war rocked global bond markets again in May, sending yields to multi-decade highs as traders priced in central bank rate hikes - only for signs of progress in peace talks and weak... Read More.

Rescuers work to drain flooded Laos cave to free 5 villagers and search for 2 still missing

Friday, May 29 by SRN News

BANGKOK (AP) - Rescuers working at a flooded cave in Laos said Friday that they were trying to drain water out to help extricate five villagers who have been trapped for more than a week. An overnight rainstorm has complicated their efforts, they said. Meanwhile,... Read More.

Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs

Friday, May 29 by SRN News

By Tom Westbrook SINGAPORE, May 29 (Reuters) - World stocks rose to record highs on Friday and oil futures eyed their steepest weekly drop in nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend... Read More.

China’s factory activity likely remained flat in May

Friday, May 29 by SRN News

BEIJING, May 29 (Reuters) - China's factory activity likely remained flat in May after expanding for two months, indicating that weak domestic demand and cost pressures stemming from the U.S.-Israeli war on Iran may have begun to weigh on the manufacturing sector. The official manufacturing... Read More.

Yen back in danger zone as Tokyo officials keep investors on edge

Friday, May 29 by SRN News

By Noriyuki Hirata TOKYO, May 29 (Reuters) - As Japan's yen drifts back to levels that prompted official intervention a month ago, markets are sizing up Tokyo's remaining financial firepower and political will to defend its ailing currency. Japan spent about $63 billion in what were... Read More.

Current Weather

Nomura seeks US fund management acquisitions as part of global expansion

Japan spent $73 billion in yen-buying intervention, ministry data shows

European Commission debates policy shift to protect industry from China

Stellantis plays down European scope for JLR and Tata partnerships

Morning Bid: Deal or no deal

Global bonds take wild ride in May as Iran war shocks market

Rescuers work to drain flooded Laos cave to free 5 villagers and search for 2 still missing

Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs

China’s factory activity likely remained flat in May

Yen back in danger zone as Tokyo officials keep investors on edge

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