Business

Dollar boosted by rate expectations, safe-haven flows as Trump, Xi meet

Wednesday, May 13 by SRN News

By Rae Wee SINGAPORE, May 14 (Reuters) - The dollar got a lift from elevated U.S. Treasury yields on Thursday as investors wagered the Federal Reserve would hike rates this year, while an impasse between the U.S. and Iran over the war in the Middle... Read More.

Threatened Samsung strike poses significant risk to South Korea growth, Finance Minister says

Wednesday, May 13 by SRN News

SEOUL, May 14 (Reuters) - A threatened strike by Samsung Electronics' union would be a significant risk to South Korea's economic growth, exports and markets, Finance Minister Koo Yun-cheol said on Thursday. The chipmaking giant and its union failed to reach a pay deal... Read More.

Asia stocks rise on AI enthusiasm, focus on Trump-Xi summit

Wednesday, May 13 by SRN News

By Ankur Banerjee SINGAPORE, May 14 (Reuters) - Stocks rose on Thursday, powered by AI fervour that pushed South Korea's SK Hynix to the brink of joining the trillion-dollar club, while the spotlight was firmly on a high-stakes summit between U.S. President Donald Trump and... Read More.

Analysis-As Iran war jolts Air India, Lufthansa and Cathay pounce on fast-growing market

Wednesday, May 13 by SRN News

By Abhijith Ganapavaram NEW DELHI, May 14 (Reuters) - Air India's thousands of flight cuts due to the Iran war and Pakistan's airspace ban have become a boon for foreign carriers, with Lufthansa Group and Cathay Pacific among those adding services to one of the... Read More.

‘Ocean Dream’ blue-green diamond sells for more than $17 million at Christie’s auction in Geneva

Wednesday, May 13 by SRN News

GENEVA (AP) - A 5.5-carat triangular-cut diamond billed as the largest fancy vivid blue-green diamond known to exist sold for more than 13.5 million Swiss francs ($17.3 million) on Wednesday, Christie's said, calling it a record price for a stone of its kind sold... Read More.

HF Sinclair terminates CFO Atanas Atanasov

Wednesday, May 13 by SRN News

May 13 (Reuters) - U.S. refiner HF Sinclair's CFO Atanas Atanasov, who has been on leave of absence since late February amid concerns raised by its audit committee, has been terminated, the company said on Wednesday. The development comes a day after the company said... Read More.

Trading Day: Inflation? Stocks don’t care

Wednesday, May 13 by SRN News

By Jamie McGeever ORLANDO, Florida, May 13 (Reuters) - Investors shrugged off a sharp rise in U.S. producer inflation and spike in bond yields on Wednesday to push the S&P 500 and Nasdaq to new highs, as they awaited the U.S.-China summit in Beijing between... Read More.

Air NZ warns of biggest loss in 4 years as Middle East war drives up fuel costs

Wednesday, May 13 by SRN News

May 14 (Reuters) - Air New Zealand on Thursday forecast its biggest annual pre-tax loss in four years, as the long-drawn Middle East conflict drives up jet fuel prices, inflating its expenses and adding to pressure from weak demand and fleet constraints. The country's flag... Read More.

Cerebras prices IPO at $185 per share to raise $5.55 billion, sources say

Wednesday, May 13 by SRN News

By Echo Wang NEW YORK, May 13 (Reuters) - Cerebras Systems priced its U.S. initial public offering at $185 per share on Wednesday, above the top end of its indicated price range, people familiar with the matter said. The IPO raised $5.55 billion for Cerebras, based... Read More.

BP to meet union leaders next week for Whiting refinery negotiations

Wednesday, May 13 by SRN News

DENVER, May 13 (Reuters) - BP will meet with union leaders on Monday to resume contract negotiations for workers at its Whiting, Indiana, oil refinery, the company and United Steelworkers union said on Wednesday. "We look forward to returning to the negotiating table to... Read More.

Current Weather

Dollar boosted by rate expectations, safe-haven flows as Trump, Xi meet

Threatened Samsung strike poses significant risk to South Korea growth, Finance Minister says

Asia stocks rise on AI enthusiasm, focus on Trump-Xi summit

Analysis-As Iran war jolts Air India, Lufthansa and Cathay pounce on fast-growing market

‘Ocean Dream’ blue-green diamond sells for more than $17 million at Christie’s auction in Geneva

HF Sinclair terminates CFO Atanas Atanasov

Trading Day: Inflation? Stocks don’t care

Air NZ warns of biggest loss in 4 years as Middle East war drives up fuel costs

BP to meet union leaders next week for Whiting refinery negotiations

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