Business

EU’s side of U.S. trade deal to come into force on July 1

Tuesday, June 30 by SRN News

BRUSSELS, June 30 (Reuters) - The European Union's side of a trade deal struck with the United States last year, which will remove import duties on many U.S. goods, will come into force on July 1, said a formal European Union regulatory filing. • The... Read More.

Swiss to ease recognition of US standards for cars, medical devices as trade deal sought

Tuesday, June 30 by SRN News

ZURICH, June 30 (Reuters) - Switzerland plans further steps to underpin commitments made in a preliminary U.S. tariff deal last year, including streamlining recognition of American standards for cars and medical devices, the government said late on Monday. As it seeks to formalise a trade... Read More.

Iran war turns Asia toward diversifying energy supplies, undermining climate goals

Tuesday, June 30 by SRN News

BANGKOK (AP) - Asian nations hit hard by the Iran war's price shocks are rushing to diversify and strengthen their energy security, potentially undermining their commitments to curb climate change. As negotiations on ending the war drag on, countries in energy hungry Southeast Asia are... Read More.

BIS dares to blaspheme as AI bubble fears wane: Mike Dolan

Tuesday, June 30 by SRN News

By Mike Dolan LONDON, June 30 (Reuters) - Although some deem it blasphemous to suggest the AI boom is another bubble, the world's central banking forum and watchdog has warned against getting swept up in the frenzy, just as investors appear increasingly reluctant to second-guess... Read More.

Ralph Lauren wins China superfans by selling the American Dream – at the right price

Tuesday, June 30 by SRN News

By Casey Hall SHANGHAI, June 30 (Reuters) - Collector Xiao Neng says he has spent at least $1 million on Ralph Lauren clothing over the past four to five years, building a wardrobe so large that he now sells pieces of it in two vintage... Read More.

Analysis-Ferrari and BMW join Tesla, China in switch from copper to cheaper aluminium

Tuesday, June 30 by SRN News

By Eric Onstad, Amy Lv, Ju-min Park and Kalea Hall LONDON/SHANGHAI/BEIJING/DETROIT, June 30 (Reuters) - Ferrari and BMW are rolling out new models featuring lightweight, cost-effective aluminium wiring, accelerating a shift away from copper, the dominant material in electric wiring since the invention of the... Read More.

Surprisingly quick oil price retreat eases urgency for ECB to act, sources say

Tuesday, June 30 by SRN News

By Francesco Canepa and Balazs Koranyi SINTRA, Portugal, June 30 (Reuters) - The unexpectedly rapid retreat in energy prices in the past week has further taken pressure off European Central Bank policymakers to lift interest rates next month but the case for a small hike... Read More.

Morning Bid: Investors go shopping for Q3

Tuesday, June 30 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook The session is the first buying day for the quarter ahead, given that trades settle the following day. In the quarter closing out, the biggest oil supply shock on record has hardly... Read More.

For first time, more central banks are set to shrink dollar holdings, survey finds

Tuesday, June 30 by SRN News

By Libby George LONDON, June 30 (Reuters) - More of the world's central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the U.S. currency rise, an OMFIF survey of public investors released on Tuesday showed.... Read More.

China’s factory activity expands in June with boost from tech exports

Tuesday, June 30 by SRN News

HONG KONG (AP) - China's factory activity picked up pace in June, an official survey showed Tuesday, as demand for artificial intelligence hardware made exports robust. The official manufacturing purchasing managers index, or PMI, expanded to 50.3 from 50 in May, better than economists' expectations,... Read More.

Current Weather

EU’s side of U.S. trade deal to come into force on July 1

Swiss to ease recognition of US standards for cars, medical devices as trade deal sought

Iran war turns Asia toward diversifying energy supplies, undermining climate goals

BIS dares to blaspheme as AI bubble fears wane: Mike Dolan

Ralph Lauren wins China superfans by selling the American Dream – at the right price

Analysis-Ferrari and BMW join Tesla, China in switch from copper to cheaper aluminium

Surprisingly quick oil price retreat eases urgency for ECB to act, sources say

Morning Bid: Investors go shopping for Q3

For first time, more central banks are set to shrink dollar holdings, survey finds

China’s factory activity expands in June with boost from tech exports

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