Business

Asia markets falter as hot US inflation, shaky Iran ceasefire weigh

Tuesday, May 12 by SRN News

By Gregor Stuart Hunter SINGAPORE, May 13 (Reuters) - Stocks started the Asian session on the back foot on Wednesday, with talks between Washington and Tehran at a standstill as hotter-than-expected U.S. inflation underscored the growing economic toll of the Middle East conflict. MSCI's broadest index... Read More.

Incoming BHP CEO to consider bolt-on acquisitions for growth

Tuesday, May 12 by SRN News

MELBOURNE, May 13 (Reuters) - Incoming BHP CEO Brandon Craig will focus on securing growth options beyond 2035 by ramping up exploration, partnering with peers and making bolt-on acquisitions where they bring value, he said in comments released to the Australian stock exchange on... Read More.

Dollar near one-week high as hot U.S. inflation fans Fed hike bets, peace talks stall

Tuesday, May 12 by SRN News

By Jiaxing Li HONG KONG, May 13 (Reuters) - The dollar held near a one-week high on Wednesday as risk sentiment soured after a hot U.S. inflation reading sent Treasury yields higher, and oil inched up on renewed Middle East uncertainty. The euro stood at... Read More.

BUSINESS HEADLINES

Tuesday, May 12 by SRN News

Wall Street's record-setting run halts as AI stocks slump and oil prices rise A sudden halt for technology stocks put the brakes on Wall Street's record-setting run. The S&P 500 dipped 0.2% Tuesday from its all-time high set the day before. The Dow Jones Industrial... Read More.

Australia wages growth slows in Q1, led by private sector

Tuesday, May 12 by SRN News

SYDNEY, May 13 (Reuters) - Australian wages rose at a moderate pace in the first quarter as annual growth in the private sector slowed to the lowest in almost four years, data showed on Wednesday. Figures from the Australian Bureau of Statistics showed its wage... Read More.

Samsung Elec regrets collapse of pay talks with union, says to continue dialogue

Tuesday, May 12 by SRN News

SEOUL, May 13 (Reuters) - Samsung Electronics said on Wednesday it regretted the collapse of pay deal talks with its South Korean union, flagging concerns that it could heighten anxiety among employees, shareholders and the public. The company said it would continue efforts to... Read More.

Trump Organization drops plan for first Australian skyscraper, blames partner

Tuesday, May 12 by SRN News

SYDNEY, May 13 (Reuters) - The Trump Organization said on Wednesday it abandoned a plan to build its first tower in Australia less than three months after signing the deal, citing an Australian partner's failure to meet certain financial obligations. The group signed in February... Read More.

KKR-backed ambulance giant GMR Solutions raises $479 million in US IPO

Tuesday, May 12 by SRN News

May 12 (Reuters) - Emergency medical services provider GMR Solutions has raised $478.7 million in its U.S. initial public offering, the company said on Tuesday, after selling 31.9 million shares at $15 apiece. The Lewisville, Texas-based company, known as Global Medical Response, has... Read More.

Trump set to meet with Xi in Beijing as war and inflation weigh on his presidency

Tuesday, May 12 by SRN News

BEIJING (AP) - President Donald Trump is set to arrive in Beijing on Wednesday for a state visit with Chinese leader Xi Jinping at a restless moment for a world worried about war, trade and artificial intelligence. "We're the two superpowers," Trump told reporters as... Read More.

Oil prices slip on teetering Iran ceasefire as Trump heads to China

Tuesday, May 12 by SRN News

By Katya Golubkova TOKYO, May 13 (Reuters) - Oil prices fell on Wednesday after rising in three consecutive sessions, as investors awaited developments around the fragile ceasefire in the Iran war and U.S. President Donald Trump headed to China for a high stakes summit with... Read More.

Current Weather

Asia markets falter as hot US inflation, shaky Iran ceasefire weigh

Incoming BHP CEO to consider bolt-on acquisitions for growth

Dollar near one-week high as hot U.S. inflation fans Fed hike bets, peace talks stall

BUSINESS HEADLINES

Australia wages growth slows in Q1, led by private sector

Samsung Elec regrets collapse of pay talks with union, says to continue dialogue

Trump Organization drops plan for first Australian skyscraper, blames partner

KKR-backed ambulance giant GMR Solutions raises $479 million in US IPO

Trump set to meet with Xi in Beijing as war and inflation weigh on his presidency

Oil prices slip on teetering Iran ceasefire as Trump heads to China

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