Business

Advent, ADIA-backed gas engine maker Innio targets $20.3 billion valuation in US IPO

Tuesday, May 26 by SRN News

May 26 (Reuters) - Gas engine manufacturer Innio said on Tuesday it was targeting a valuation of up to $20.25 billion in a U.S. initial public offering, as it looks to tap investor appetite for companies powering the AI boom. Munich, Germany-based Innio's principal shareholder... Read More.

BP removes Chairman Albert Manifold in surprise move

Tuesday, May 26 by SRN News

May 26 (Reuters) - BP said on Tuesday it had removed Chairman Albert Manifold with immediate effect, citing "unacceptable" governance oversight and conduct issues. Manifold was appointed to the role in October, although he received lower-than-typical support. He has been pushing for a faster... Read More.

China pharma industry not impacted by Beijing scrutiny of sensitive tech deals, JW chief says

Tuesday, May 26 by SRN News

By Andrew Silver SHANGHAI, May 26 (Reuters) - China's booming pharmaceutical industry is not being impacted by Beijing's tightening scrutiny over deals involving sensitive technologies, the CEO of JW Therapeutics said Tuesday. Global drugmakers are stepping up their search for China‑developed experimental medicines as they... Read More.

Oil giant BP ousts chairman over ‘conduct’

Tuesday, May 26 by SRN News

BP has ousted its chairman over what it called serious concerns related to "important governance standards, oversight and conduct." The departure was abrupt and unexpected, with Albert Manifold having been appointed to the position just last year. BP's board named Ian Tyler as interim chair... Read More.

Morning Bid: Wrong sort of ‘boom’ to start the week

Tuesday, May 26 by SRN News

By Mike Dolan May 26 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets After a long weekend in the United States and many other countries, markets returned ready to cheer signs that an Iran peace plan was near... Read More.

Australia’s Element 25 reviews US project as it looks to renegotiate GM, Stellantis contracts

Tuesday, May 26 by SRN News

May 26 (Reuters) - Manganese producer Element 25 said on Tuesday it is reviewing its project execution plan for the production of high-purity manganese sulphate monohydrate (HPMSM) in Louisiana, U.S., citing evolving electric vehicle demands. Manganese is a key raw material for EV batteries and... Read More.

Is your cautious retirement spending doing more harm than good?

Tuesday, May 26 by SRN News

When we were children, it was common to be afraid of the boogeyman. As we age, the boogeyman gets replaced with a new fear:  running out of money in retirement. This concern is understandable given so many Americans are now responsible for not only  building... Read More.

North Korea launches ballistic missile and other weapons over the sea in latest show of force

Tuesday, May 26 by SRN News

SEOUL, South Korea (AP) - North Korea launched a close-range ballistic missile and other weapons toward the sea on Tuesday, South Korea's military said, days after the leaders of Russia and China voiced their opposition to Western pressures on North Korea. The missile fired from... Read More.

Wall St futures gain on US-Iran peace talk hopes

Tuesday, May 26 by SRN News

May 26 (Reuters) - U.S. stock index futures rose to record highs on Tuesday, as investors remained optimistic about Middle East peace negotiations despite recent strikes, while AI-led gains in chip stocks boosted sentiment. U.S. Secretary of State Marco Rubio said on Tuesday that... Read More.

April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows

Tuesday, May 26 by SRN News

BEIJING, May 26 (Reuters) - Shipments of foreign-branded mobile phones in China for April, including Apple's iPhones, were up 1.8% from the same month last year, Reuters calculations based on data released by a government-affiliated research firm on Tuesday showed. The data from the China... Read More.

Current Weather

Advent, ADIA-backed gas engine maker Innio targets $20.3 billion valuation in US IPO

BP removes Chairman Albert Manifold in surprise move

China pharma industry not impacted by Beijing scrutiny of sensitive tech deals, JW chief says

Oil giant BP ousts chairman over ‘conduct’

Morning Bid: Wrong sort of ‘boom’ to start the week

Australia’s Element 25 reviews US project as it looks to renegotiate GM, Stellantis contracts

Is your cautious retirement spending doing more harm than good?

North Korea launches ballistic missile and other weapons over the sea in latest show of force

Wall St futures gain on US-Iran peace talk hopes

April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows

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