Business

Ex-Chinese Premier Zhu Rongji, architect of growth, dies of illness at 97

Wednesday, August 12 by SRN News

BEIJING (AP) - Former Chinese Premier Zhu Rongji has died, according to state media. The impatient, sharp-tongued reformer helped ignite China's explosive economic boom by forcing wrenching change on state industry in the 1990s and leading the country into the World Trade Organization. The official... Read More.

The cars that won’t be around next year, according to Edmunds

Wednesday, August 12 by SRN News

A small number of vehicles are discontinued every year. For car shoppers, these cancellations rarely make news. But if you know where to look, there's an opportunity to get a good deal on a vehicle that's at the end of its life cycle. There's... Read More.

Spain prepares for rare solar eclipse against backdrop of heat and wildfires

Wednesday, August 12 by SRN News

MADRID (AP) - Spaniards were rushing to buy specialized glasses to view a rare total solar eclipse Wednesday, as authorities warned people flocking to rural areas to avoid anything that could spark new wildfires. Across a swath of northern and central Spain, millions of people... Read More.

IEA slashes 2026 supply forecast as Hormuz reopening remains elusive

Wednesday, August 12 by SRN News

LONDON, Aug 12 (Reuters) - Global oil supply will fall by 4.3 million barrels per day, or around 4%, this year, the International Energy Agency said in its monthly oil market report on Wednesday, as renewed hostilities in the Middle East since July are... Read More.

Tata chair Chandrasekaran to step down after tension with controlling charity arm

Wednesday, August 12 by SRN News

By Aditya Kalra and Chandini Monnappa NEW DELHI, Aug 12 (Reuters) - The chairman of India's Tata Sons, N. Chandrasekaran, said on Wednesday that he will not seek reappointment at the end of his term due to a lack of backing from the board, following... Read More.

ABN Amro lifts annual guidance as central bank rates drive growth

Wednesday, August 12 by SRN News

By Jakob Van Calster and Mateusz Rabiega Aug 12 (Reuters) - ABN Amro lifted the guidance for its commercial net interest income after beating quarterly expectations on Wednesday, joining other major Benelux banks that have raised forecasts as higher central bank interest rates continue to... Read More.

HSBC global insurance business head Moncreiffe to leave, sources say

Wednesday, August 12 by SRN News

By Selena Li and Sumeet Chatterjee HONG KONG, Aug 12 (Reuters) - HSBC's global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, sources said, amid a broader global overhaul and recent asset sales in... Read More.

Japan fund managers chase retail cash as JGB yields surge

Wednesday, August 12 by SRN News

By Junko Fujita TOKYO, Aug 12 (Reuters) - After years of paying investors almost nothing, Japanese government bonds are suddenly worth owning again, and domestic asset managers are hurrying to give ordinary investors a way in. With yields on long-term JGBs now rivalling those of U.S.... Read More.

Chinese automaker Chery buys Nissan plant in Africa as EV production shifts to new markets

Wednesday, August 12 by SRN News

NAIROBI, Kenya (AP) - Chinese automakers are increasingly shifting from exporting vehicles to building them in Africa, betting that rapid urbanization, a growing middle class and supportive government policies will make the continent one of the industry's last major growth markets. It's part of a... Read More.

India’s small steelmakers could save money and cut emissions with switch to renewable power

Wednesday, August 12 by SRN News

BENGALURU, India (AP) - Smaller steel companies responsible for nearly 40% of India's crude steel production could cut their electricity bills by about a third while sharply reducing carbon emissions by switching to renewable energy, according to a report released Wednesday. The report, "Powering India's... Read More.

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Current Weather

Ex-Chinese Premier Zhu Rongji, architect of growth, dies of illness at 97

The cars that won’t be around next year, according to Edmunds

Spain prepares for rare solar eclipse against backdrop of heat and wildfires

IEA slashes 2026 supply forecast as Hormuz reopening remains elusive

Tata chair Chandrasekaran to step down after tension with controlling charity arm

ABN Amro lifts annual guidance as central bank rates drive growth

HSBC global insurance business head Moncreiffe to leave, sources say

Japan fund managers chase retail cash as JGB yields surge

Chinese automaker Chery buys Nissan plant in Africa as EV production shifts to new markets

India’s small steelmakers could save money and cut emissions with switch to renewable power

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