Business

Exclusive-Pentagon strikes agreements with defense firms on containerized missiles

Wednesday, May 13 by SRN News

By Phil Stewart May 13 (Reuters) - The Pentagon is set to announce on Wednesday framework agreements that position it to potentially acquire over 10,000 low-cost, containerized missiles over three years starting in 2027. A statement seen by Reuters ahead of its release said that... Read More.

Turkey removes a restriction on direct trade with Armenia to improve ties

Wednesday, May 13 by SRN News

ANKARA, Turkey (AP) - Turkey removed a restriction on direct trade with Armenia on Wednesday in a symbolic gesture toward improved ties between the longtime rivals. Turkey and Armenia have no formal relations and their joint border has been closed since the 1990s. Relations between... Read More.

Malaysia says it can do little to stop Iranian-linked oil transfers near its water

Wednesday, May 13 by SRN News

KUALA LUMPUR, Malaysia (AP) - Malaysia's maritime agency says it has limited ability to stop Iranian-linked tankers from transferring oil to other ships off its coast, allowing Iran to skirt sanctions and drawing growing criticism. United Against Nuclear Iran, a U.S.-based advocacy group, says... Read More.

Volkswagen controlling families demand overhaul after dent to profit

Wednesday, May 13 by SRN News

By Rachel More BERLIN, May 13 (Reuters) - Volkswagen's controlling family shareholders piled pressure on the automaker to overhaul its business model on Wednesday after the German company's ongoing problems led to a drop in first-quarter profit at their holding group. Porsche SE, the holding company... Read More.

BYD in talks with Stellantis and others about taking over Europe plants, Bloomberg News reports

Wednesday, May 13 by SRN News

May 13 (Reuters) - BYD is negotiating with Stellantis and other European car makers to take over underused factories in the region, Bloomberg News reported on Wednesday, citing the Chinese company's top international executive. The world's largest seller of electric vehicles is discussing potential deals... Read More.

Nissan posts narrow profit for fiscal year, beats analysts’ estimates

Wednesday, May 13 by SRN News

YOKOHAMA, Japan, May 13 (Reuters) - Nissan on Wednesday reported an operating profit of 58.0 billion yen ($367.60 million) for the year that ended in March, as an improved cost performance and a one-off boost tied to U.S. emissions regulations offset a hit from... Read More.

Tax cuts collide with inflation as voters weigh Trump’s economy in the midterms

Wednesday, May 13 by SRN News

RALEIGH, N.C. (AP) - Standing behind a downtown bar, Evan Duke smiled when he thought about no longer paying federal income tax on the hundreds of dollars in tips he earns on a busy night pouring beers and mixing drinks. But the 30-year-old said he... Read More.

Japanese investors sell foreign stocks in April as energy costs rise

Wednesday, May 13 by SRN News

May 13 (Reuters) - Japanese investors turned net sellers of foreign stocks for the first time in four months in April, as concerns over higher energy costs from the Iran war and the risk of broader inflation prompted caution on overseas equities. They divested a... Read More.

Siemens Q2 profit misses forecasts, orders surge

Wednesday, May 13 by SRN News

By John Revill ZURICH, May 13 (Reuters) - Siemens reported weaker-than-expected second quarter earnings on Wednesday, although future orders increased despite the German engineering group highlighting a "very demanding" geopolitical environment. The trains to industrial software maker said its sales in the three months to the... Read More.

Morning Bid: Locked in a stalemate with Iran, Trump heads to China

Wednesday, May 13 by SRN News

A look at the day ahead in European and global markets from Gregor Stuart Hunter With the conflict in the Middle East still mired in a stalemate, Donald Trump is on his way to Beijing to see if Chinese President Xi Jinping proves more amenable... Read More.

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Exclusive-Pentagon strikes agreements with defense firms on containerized missiles

Turkey removes a restriction on direct trade with Armenia to improve ties

Malaysia says it can do little to stop Iranian-linked oil transfers near its water

Volkswagen controlling families demand overhaul after dent to profit

BYD in talks with Stellantis and others about taking over Europe plants, Bloomberg News reports

Nissan posts narrow profit for fiscal year, beats analysts’ estimates

Tax cuts collide with inflation as voters weigh Trump’s economy in the midterms

Japanese investors sell foreign stocks in April as energy costs rise

Siemens Q2 profit misses forecasts, orders surge

Morning Bid: Locked in a stalemate with Iran, Trump heads to China

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