Business

South Korea exports post strongest growth since 1978 on AI chip boom

Tuesday, June 30 by SRN News

By Jihoon Lee SEOUL, July 1 (Reuters) - South Korea's exports expanded at the strongest pace in nearly half a century last month, smashing forecasts, on a surge in chip sales propelled by the global boom in AI investment. Exports from Asia's fourth-largest economy rose... Read More.

South32 CEO open to M&A following Alcoa asset sale

Tuesday, June 30 by SRN News

MELBOURNE, July 1 (Reuters) - South32 CEO Matthew Daley said on Wednesday he was open to mergers and acquisitions but any deal must add value to the company, after the diversified miner agreed to sell the bulk of its aluminium portfolio to Alcoa for... Read More.

Japan business mood hits 8-year high, builds case for BOJ rate hikes

Tuesday, June 30 by SRN News

By Leika Kihara TOKYO, July 1 (Reuters) - Japanese business mood climbed to an eight-year high and corporate inflation expectations rose to record levels, a quarterly survey showed, underlining the economy's resilience to the Middle East war and bolstering the case for more rate hikes. The... Read More.

Share and bond markets turn cautious in Asia, yen on ropes

Tuesday, June 30 by SRN News

By Wayne Cole SYDNEY, July 1 (Reuters) - Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles, while investors were on alert for possible Japanese intervention as... Read More.

Yen sinks to four-decade low as dollar gets yields boost

Tuesday, June 30 by SRN News

By Rae Wee SINGAPORE, July 1 (Reuters) - The dollar got a boost from a sharp rise in Treasury yields and pushed the yen to a 40-year trough on Wednesday, as traders braced for a crucial U.S. jobs report and ramped up bets on an... Read More.

Australia weighs break-up of Big Four accounting firms after scandals

Tuesday, June 30 by SRN News

By Christine Chen and Scott Murdoch SYDNEY, July 1 (Reuters) - The Australian government said on Wednesday it was considering breaking up the Big Four accounting firms and bringing them under the corporate regulator's purview following some high-profile scandals in the sector. The proposals, outlined in... Read More.

Asian airlines’ Europe windfall fades as Gulf rivals rebound

Tuesday, June 30 by SRN News

By Julie Zhu and Christine Chen HONG KONG/SYDNEY, July 1 (Reuters) - Asian airlines that gained passengers and charged higher fares on European routes after the start of the Iran conflict are seeing those advantages erode as Gulf carriers restore flights and offer lower ticket... Read More.

Asian shares trade mixed as worries over Iran-US deal remain

Tuesday, June 30 by SRN News

TOKYO (AP) - Asian shares were trading mixed early Wednesday, as uncertainty remained about an initial deal to end the war in Iran and access to the crucial Strait of Hormuz. Japan's benchmark Nikkei 225 added 0.6% to 70,463.72. Australia's S&P/ASX 200 lost 0.4%... Read More.

EU slaps €3 fee on cheap ecommerce parcels in blow to Shein, Temu, AliExpress

Tuesday, June 30 by SRN News

By Helen Reid and Philip Blenkinsop BRUSSELS/LONDON, July 1 (Reuters) - Europe on Wednesday took a first step towards curbing what it calls unfair competition from online retailers such as Shein, Temu and AliExpress by imposing a €3 fee on low-value e-commerce imports from China... Read More.

Getty Images scraps $3.7 billion merger with Shutterstock over UK scrutiny

Tuesday, June 30 by SRN News

By Jaspreet Singh June 30 (Reuters) - Getty Images said on Tuesday it has called off its planned merger with Shutterstock due to the UK competition regulator's requirement to sell Shutterstock's editorial business as a condition for approval. Two of the largest players in the licensed... Read More.

Current Weather

South Korea exports post strongest growth since 1978 on AI chip boom

South32 CEO open to M&A following Alcoa asset sale

Japan business mood hits 8-year high, builds case for BOJ rate hikes

Yen sinks to four-decade low as dollar gets yields boost

Australia weighs break-up of Big Four accounting firms after scandals

Asian airlines’ Europe windfall fades as Gulf rivals rebound

Asian shares trade mixed as worries over Iran-US deal remain

EU slaps €3 fee on cheap ecommerce parcels in blow to Shein, Temu, AliExpress

Getty Images scraps $3.7 billion merger with Shutterstock over UK scrutiny

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