Business

Analysis-Estée Lauder exits Puig talks, preserves firepower for selective M&A

Tuesday, May 26 by SRN News

By Arriana McLymore NEW YORK, May 26 (Reuters) - After U.S. cosmetics company Estée Lauder walked away from merger talks with Spanish perfume maker Puig, analysts called the move prudent and said it left Estée with more flexibility to pursue other acquisitions. The deal would have... Read More.

Exclusive-Pentagon spars with SpaceX over Starlink price hike during Iran war

Tuesday, May 26 by SRN News

By David Jeans NEW YORK, May 26 (Reuters) - As U.S. kamikaze drones guided by Elon Musk's Starlink network began to make visible gains in the war against Iran, senior SpaceX officials reached a conclusion: The Pentagon should be paying more for access to their... Read More.

Congressional Black Caucus presses companies in the US to oppose Republican redistricting push

Tuesday, May 26 by SRN News

WASHINGTON (AP) - The Congressional Black Caucus on Tuesday called on major corporations across the U.S., including those that previously expressed support for voting rights and racial justice, to oppose redistricting efforts by Republican-led states that seek to eliminate majority-Black U.S. House districts. In a... Read More.

Exclusive-Wall Street banks push Fed to future-proof supervision overhaul, sources say

Tuesday, May 26 by SRN News

By Pete Schroeder WASHINGTON, May 26 (Reuters) - Wall Street banks are pushing the Federal Reserve behind the scenes to cement its new supervisory regime so the changes cannot easily be reversed by potential future Democratic administrations, said four people with knowledge of the matter. As... Read More.

Analysis-A warning to critical minerals buyers: avoid butter mountains, aluminium floods

Tuesday, May 26 by SRN News

By Melanie Burton MELBOURNE, May 26 (Reuters) - Western governments, currently ploughing tens of billions of dollars into critical minerals in an effort to break their reliance on China, could look to history to see how well-intentioned efforts to prop up commodity sectors can backfire. As... Read More.

Anthropic’s Olah says AI must be guided from outside Big Tech

Tuesday, May 26 by SRN News

By Giselda Vagnoni and Joshua McElwee VATICAN CITY, May 25 (Reuters) - The co-founder of AI company Anthropic said on Monday that the development of artificial intelligence cannot be left solely to technology companies, urging greater oversight from religious leaders, governments and civil society. Speaking at... Read More.

Morning Bid: Peace talks hit turbulence

Tuesday, May 26 by SRN News

A look at the day ahead in European and global markets from Rae Wee Oil prices climbed on Tuesday, after the U.S. military conducted strikes in southern Iran in what it described as defensive actions, just as investors were growing more hopeful of a peace... Read More.

Asian shares and oil prices are mixed after US launches strikes in southern Iran

Tuesday, May 26 by SRN News

Shares were mixed Tuesday in Asia after the U.S. military said it carried out what it called "self-defense" strikes in southern Iran, including on missile launch sites and boats placing mines. The attacks came even as President Donald Trump said on social media that... Read More.

Exchange operator ASX sinks most in more than a decade on tech-driven cost surge

Tuesday, May 26 by SRN News

May 26 (Reuters) - Australian stock exchange operator ASX warned on Tuesday of higher spending in 2027 to upgrade its technology and develop new products, sending its shares plunging more than 12% in their worst day since August 2012. ASX said its total expenses would... Read More.

Oil rises, stocks mixed as new US strikes dampen peace deal optimism

Monday, May 25 by SRN News

By Rae Wee SINGAPORE, May 26 (Reuters) - Oil prices rose on Tuesday and stocks were mixed as investor optimism over an imminent U.S.-Iran peace deal was tempered by new U.S. strikes in the Middle East. Iran's top negotiator and its foreign minister were in Doha... Read More.

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Analysis-Estée Lauder exits Puig talks, preserves firepower for selective M&A

Exclusive-Pentagon spars with SpaceX over Starlink price hike during Iran war

Congressional Black Caucus presses companies in the US to oppose Republican redistricting push

Exclusive-Wall Street banks push Fed to future-proof supervision overhaul, sources say

Analysis-A warning to critical minerals buyers: avoid butter mountains, aluminium floods

Anthropic’s Olah says AI must be guided from outside Big Tech

Morning Bid: Peace talks hit turbulence

Asian shares and oil prices are mixed after US launches strikes in southern Iran

Exchange operator ASX sinks most in more than a decade on tech-driven cost surge

Oil rises, stocks mixed as new US strikes dampen peace deal optimism

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