Business – Page 196 – Freedom 96.9

Asian shares mostly fall and US futures are little changed after US inflation data improves

Friday, August 14 by SRN News

BANGKOK (AP) - Shares mostly declined Friday in Asia and U.S. futures were little changed after U.S. inflation data showed a better-than-expected improvement in July. Oil prices were holding steady after slipping in recent days. Tokyo's Nikkei 225 index gained 0.3% to 68,533.85, while the... Read More.

Chinese car sales are booming almost everywhere – just not at home

Friday, August 14 by SRN News

BEIJING, Aug 14 (Reuters) - China's car industry is on a tear overseas, storming markets from Europe to Southeast Asia and heaping pressure on long-established automakers like Toyota Motor and Volkswagen. But it is a different story at home, where car sales have been in... Read More.

Morning Bid: Yen stuck in twilight zone

Friday, August 14 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee The yen is back in the intervention zone, but its fate now appears to rest with the Fed's policy path and hopes of aggressive hikes from the Bank of Japan, after... Read More.

BOJ eyeing September rate hike, faster pace of tightening, sources say

Friday, August 14 by SRN News

By Takaya Yamaguchi and Leika Kihara TOKYO, Aug 14 (Reuters) - The Bank of Japan is set to raise interest rates as soon as September and is considering hiking more aggressively thereafter from the current pace of roughly twice a year, said three sources familiar... Read More.

Goldman in talks with investors on Nvidia financing deal after landing prized role, sources say

Friday, August 14 by SRN News

By Saeed Azhar and Milana Vinn NEW YORK, Aug 14 (REUTERS) - Goldman Sachs is in talks with potential investors about participating in Nvidia's $500 billion AI financing initiative, after leveraging its long-standing relationship with the chipmaker to secure a coveted role in the deal,... Read More.

Oil steadies after US threatens to blockade Iran indefinitely

Thursday, August 13 by SRN News

By Helen Clark PERTH, Aug 14 (Reuters) - Oil prices inched higher on Friday after the U.S. threatened to maintain a naval blockade of Iran indefinitely, reviving crude supply concerns, after prices fell in the previous session on a weaker global demand outlook. Brent futures rose... Read More.

Asian stocks set for weekly gain on fading US rate hike wagers

Thursday, August 13 by SRN News

By Ankur Banerjee SINGAPORE, Aug 14 (Reuters) - Asian stocks rose on Friday, poised for their strongest week in two months as benign inflation data dented expectations of an imminent U.S. rate hike, although faltering talks to end the war in the Middle East are... Read More.

Yen’s slide to weekly loss prompts bets for another intervention

Thursday, August 13 by SRN News

SINGAPORE, Aug 14 (Reuters) - The yen headed for its biggest weekly loss in three months on Friday as the impact of U.S. and Japanese intervention faded, leaving traders to wager another round of official buying would be needed to stem the rot. The currency... Read More.

Macquarie, Westpac to testify in KPMG Australia audit scandal probe

Thursday, August 13 by SRN News

SYDNEY, Aug 14 (Reuters) - Leaders from some of Australia's biggest companies, including major banks Macquarie Group and Westpac, will face questioning from lawmakers on Friday as part of a probe into accounting firm KPMG's alleged misuse of client data to win audit contracts. Macquarie's... Read More.

Tyson Foods will close or sell three US beef facilities as industry struggles

Thursday, August 13 by SRN News

By P.J. Huffstutter CHICAGO, Aug 13 (Reuters) - Tyson Foods said on Thursday it will close or sell three of its beef plant and packaging operation sites, further shrinking its beef footprint as a historic U.S. cattle shortage deepens losses for the largest U.S. meatpacker. The... Read More.

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