Business

Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal

Wednesday, August 5 by SRN News

By Yuka Obayashi TOKYO, Aug 6 (Reuters) - Oil prices slipped on Thursday as investors assessed whether progress in Iran-Oman talks could pave the way for a U.S.-Iran peace deal to end the five-month war and reopen the Strait of Hormuz. Brent crude futures fell... Read More.

Fed’s Daly says central bank was right to hold rates steady at July policy meeting

Wednesday, August 5 by SRN News

By Michael S. Derby Aug 5 (Reuters) - Federal Reserve Bank of San Francisco President Mary Daly said on Wednesday she was "completely supportive" of the decision last week to hold interest rates steady as the central bank gathers more data about how it should... Read More.

Asia shares ease on tech pullback, oil stable as Iran talks stay in focus

Wednesday, August 5 by SRN News

By Satoshi Sugiyama TOKYO, Aug 6 (Reuters) - Asian shares took a breather on Thursday after an AI-driven surge the previous day, while oil prices traded in a tight range as markets assessed prospects for an Iran peace deal. MSCI's broadest index of Asia-Pacific shares outside... Read More.

Singapore says exports worth $7.4 billion affected by new U.S. tariffs

Wednesday, August 5 by SRN News

SINGAPORE, Aug 6 (Reuters) - About one-third of Singapore's exports to the U.S., worth S$9.5 billion ($7.4 billion), will be affected by a new U.S. tariff of 12.5% imposed on July 24, Trade Minister Gan Kim Yong said. Here are the details: • Gan said in... Read More.

The Media Line: Italy Orders Israeli Companies Removed From Rome Airport Counter-Drone Project

Wednesday, August 5 by SRN News

Italy Orders Israeli Companies Removed From Rome Airport Counter-Drone Project By The Media Line Staff In a decision carrying significant diplomatic as well as legal implications, Italy's Council of State has ordered "Aeroporti di Roma" (ADR) to replace the Israeli... Read More.

Climate change squeezes Malaysian durian growers as they chase China’s booming market

Wednesday, August 5 by SRN News

KARAK, Malaysia (AP) - Malaysian durian orchard owner Stephen Chow's workers spend hours in the fields in the dead of night, donning headlamps to collect freshly ripened fruit coveted by Chinese consumers. But the hard work may not be enough to keep Chow out... Read More.

Bain Capital to buy bubble tea chain Gong cha from TA Associates and others

Wednesday, August 5 by SRN News

Aug 6 (Reuters) - Bain Capital said on Thursday it will acquire bubble tea chain Gong cha from TA Associates and other shareholders, extending the U.S. private equity firm's push into food and beverage investments. Here are some more details: • Bain Capital did not disclose... Read More.

Block lifts 2026 profit forecast on Cash App growth, margin gains

Wednesday, August 5 by SRN News

By Manya Saini Aug 5 (Reuters) - Block raised its full-year gross profit forecast on Wednesday after delivering market-beating second-quarter results on the back of resilient consumer spending, strong growth at Cash App and improved margins. Cash App has largely fended off competition by evolving beyond... Read More.

MercadoLibre profit beats forecasts, but third straight decline dents shares

Wednesday, August 5 by SRN News

By Andre Romani SAO PAULO, Aug 5 (Reuters) - MercadoLibre on Wednesday reported a third consecutive quarterly decline in profit, as heavier spending on free shipping and credit-card expansion weighed on margins, overshadowing record revenue and sending its shares lower in after-hours trading. Shares of the... Read More.

Beyond Meat forecasts upbeat quarterly revenue on steady international demand

Wednesday, August 5 by SRN News

Aug 5 (Reuters) - Faux meat-products maker Beyond Meat forecast third-quarter revenue above Wall Street estimates on Wednesday, as resilient demand in its international segment helped counter declining U.S. sales. Here are the details: • Beyond Meat, which struggled to revive the initial enthusiasm for its... Read More.

Current Weather

Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal

Fed’s Daly says central bank was right to hold rates steady at July policy meeting

Asia shares ease on tech pullback, oil stable as Iran talks stay in focus

Singapore says exports worth $7.4 billion affected by new U.S. tariffs

The Media Line: Italy Orders Israeli Companies Removed From Rome Airport Counter-Drone Project

Climate change squeezes Malaysian durian growers as they chase China’s booming market

Bain Capital to buy bubble tea chain Gong cha from TA Associates and others

Block lifts 2026 profit forecast on Cash App growth, margin gains

MercadoLibre profit beats forecasts, but third straight decline dents shares

Beyond Meat forecasts upbeat quarterly revenue on steady international demand

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