Business

Oil rises as doubts over US-Iran deal heighten supply concerns

Tuesday, August 11 by SRN News

By Sam Li and Lewis Jackson BEIJING, Aug 12 (Reuters) - Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed U.S. crude inventories expanded. Brent... Read More.

Dollar subdued as markets await US inflation data for Fed clues

Tuesday, August 11 by SRN News

By Gregor Stuart Hunter SINGAPORE, Aug 12 (Reuters) - The dollar traded sideways at the start of the Asian session on Wednesday, shrugging off renewed attacks on shipping in critical waterways in the Middle East, as currency markets awaited the release of inflation data later... Read More.

Global youth unemployment rises amid sluggish job creation and looming AI risk, UN labour agency says

Tuesday, August 11 by SRN News

By Olivia Le Poidevin GENEVA, Aug 12 (Reuters) - Global youth unemployment increased in 2025 as weaker economic growth, geopolitical tensions and sluggish job creation made it harder for young people to find work, the International Labour Organization said on Wednesday, warning that AI could... Read More.

SCE wins tentative ruling in Eaton wildfire liability case, Bloomberg News reports

Tuesday, August 11 by SRN News

Aug 11 (Reuters) - A California judge tentatively denied a request to hold Southern California Edison, a unit of Edison International, automatically liable for billions of dollars in property losses from the Eaton wildfire, Bloomberg News reported on Tuesday. Los Angeles County Superior Court Judge... Read More.

Commonwealth Bank of Australia’s logs record annual profit

Tuesday, August 11 by SRN News

Aug 12 (Reuters) - Commonwealth Bank of Australia reported record full-year cash earnings on Wednesday, driven by robust home and business lending volumes and resilient credit quality. The bank's home lending volumes rose 5.8% and business lending gained 9.6% from a year earlier, despite intense... Read More.

BUSINESS HEADLINES

Tuesday, August 11 by SRN News

US stocks edge further from their records as oil prices keep swinging NEW YORK (AP) - U.S. stocks slipped a bit further from their records, while oil prices kept swinging on uncertainty about when the war with Iran will allow crude to flow freely again.... Read More.

Federal safety agency issues final report into 2025 blast that killed 2 at Pennsylvania steel plant

Tuesday, August 11 by SRN News

A federal safety agency recommended the development of written policies and procedures for flushing gas valves a year after a blast at a U.S. Steel plant near Pittsburgh killed two workers. The U.S. Chemical Safety and Hazard Investigation Board issued a final report into the... Read More.

GM inks deal to guard against future parts-supply shocks

Tuesday, August 11 by SRN News

By Kalea Hall DETROIT, Aug 11 (Reuters) - General Motors said it has entered an agreement with a third-party inventory management company to ensure access to future supply of critical parts. The automaker said in a Tuesday regulatory filing that it has set up a $4.5... Read More.

Trump administration finalizes ownership reporting exemption for US firms

Tuesday, August 11 by SRN News

Aug 11 (Reuters) - The Trump administration on Tuesday finalized a rule exempting U.S. companies and individuals from reporting beneficial ownership information to the Treasury Department's financial crimes unit, rolling back reporting requirements established under a 2021 law aimed at combating illicit finance. The Treasury... Read More.

Cava beats quarterly expectations on Mediterranean cuisine demand

Tuesday, August 11 by SRN News

By Neil J Kanatt Aug 11 (Reuters) - Cava Group on Tuesday beat Wall Street expectations for second-quarter sales and core profit, helped by demand for its affordable Mediterranean food, sending its shares up about 12% in extended trading. Here are more details: • The restaurant chain... Read More.

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Current Weather

Oil rises as doubts over US-Iran deal heighten supply concerns

Dollar subdued as markets await US inflation data for Fed clues

Global youth unemployment rises amid sluggish job creation and looming AI risk, UN labour agency says

SCE wins tentative ruling in Eaton wildfire liability case, Bloomberg News reports

Commonwealth Bank of Australia’s logs record annual profit

BUSINESS HEADLINES

Federal safety agency issues final report into 2025 blast that killed 2 at Pennsylvania steel plant

GM inks deal to guard against future parts-supply shocks

Trump administration finalizes ownership reporting exemption for US firms

Cava beats quarterly expectations on Mediterranean cuisine demand

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