Business

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.

FlightAware withdraws lawsuit against Kalshi over flight-cancellation markets

Wednesday, August 12 by SRN News

Aug 12 (Reuters) - Flight-tracking company FlightAware withdrew its lawsuit against Kalshi on Tuesday, a day after it filed the suit that accuses the prediction markets giant of using its data and name without its knowledge to host gambling markets on flight cancellations. Here... Read More.

Australia sets ‘world-leading’ minimum pay and insurance rules for gig delivery workers

Wednesday, August 12 by SRN News

SYDNEY, Aug 12 (Reuters) - Australia's industrial umpire has approved new minimum standards requiring food and grocery delivery workers to be paid hourly rates above the national minimum wage and covered by injury insurance while on the job. Gig workers will be paid at least... Read More.

Morning Bid: Hot spots sizzle, CPI looms

Wednesday, August 12 by SRN News

A look at the day ahead in European and global markets from Rocky Swift Global flash points tried hard to steal the spotlight from a U.S. inflation report that could set the tone for September's Fed meeting. Houthis launched a fatal attack on an Egyptian ship... Read More.

Boston Fed’s Collins open to interest rate increase in September, FT says

Wednesday, August 12 by SRN News

Aug 12 (Reuters) - U.S. Federal Reserve Bank of Boston President Susan Collins would back a September interest rate rise if inflation remains high, with poorer Americans are struggling to make "ends meet" as the Iran war has worsened cost-of-living strains, the Financial Times... Read More.

US consumer prices likely increased moderately in July as gasoline prices eased

Tuesday, August 11 by SRN News

By Lucia Mutikani WASHINGTON, Aug 12 (Reuters) - U.S. consumer prices likely increased moderately in July, which could further reduce financial market expectations for the Federal Reserve to raise interest rates this year. The Labor Department's Consumer Price Index report on Wednesday would follow on the... Read More.

July inflation report to provide crucial signs of where prices are headed

Tuesday, August 11 by SRN News

WASHINGTON (AP) - Is U.S. inflation stuck at a stubbornly high level or is it steadily cooling? The government's latest report on consumer prices, to be released Wednesday, should provide some hints. It will be closely watched by the inflation-fighters at the Federal Reserve... Read More.

ASX shareholder plans to seek court approval to sue former directors over CHESS project

Tuesday, August 11 by SRN News

Aug 12 (Reuters) - ASX said on Wednesday a shareholder plans to seek court approval to bring a statutory derivative action against certain former officers and directors of the Australian securities exchange operator over its abandoned blockchain-based clearing and settlement project. Here are some... Read More.

Analysis-Australia promised 1.2 million new homes, but builders are at their limits

Tuesday, August 11 by SRN News

By Scott Murdoch and Christine Chen SYDNEY, Aug 12 (Reuters) - In the Australian city of Brisbane, builder Jay Perham has been forced to pour concrete at a new housing site during the night, unable to find workers for the job when the sun is... Read More.

Current Weather

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

FlightAware withdraws lawsuit against Kalshi over flight-cancellation markets

Australia sets ‘world-leading’ minimum pay and insurance rules for gig delivery workers

Morning Bid: Hot spots sizzle, CPI looms

Boston Fed’s Collins open to interest rate increase in September, FT says

US consumer prices likely increased moderately in July as gasoline prices eased

July inflation report to provide crucial signs of where prices are headed

ASX shareholder plans to seek court approval to sue former directors over CHESS project

Analysis-Australia promised 1.2 million new homes, but builders are at their limits

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