Business

Vanguard targets doubling European assets to $1 trillion by 2030

Tuesday, May 12 by SRN News

By Iain Withers LONDON, May 12 (Reuters) - Vanguard will expand its product range for everyday investors in Europe, aiming to roughly double its regional assets to $1 trillion within five years and become Britain's biggest retail investment platform, its head of Europe told Reuters. The... Read More.

AI rally pauses as Middle East ceasefire goes on ‘life support’

Tuesday, May 12 by SRN News

SINGAPORE, May 12 (Reuters) - Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks cooled and traders waited on U.S. inflation... Read More.

Japan, US affirm close cooperation on currency moves

Tuesday, May 12 by SRN News

By Makiko Yamazaki and Leika Kihara TOKYO, May 12 (Reuters) - Japan and the United States reaffirmed close cooperation in tackling exchange rate moves, including currency intervention, Finance Minister Satsuki Katayama said on Tuesday, after a meeting in Tokyo with U.S. counterpart Scott Bessent. Japan is... Read More.

US consumer inflation expected to have increased further in April amid Iran war

Monday, May 11 by SRN News

By Lucia Mutikani WASHINGTON, May 12 (Reuters) - U.S. consumer prices likely rose at a solid pace for a second straight month in April, which would result in the largest annual increase in inflation in more than 2-1/2 years and further bolster expectations the Federal... Read More.

Xi-Trump summit may yield farm deal, but China has limited soybean appetite

Monday, May 11 by SRN News

By Ella Cao, Trevor Hunnicutt and Naveen Thukral BEIJING/SINGAPORE, May 12 (Reuters) - China and the United States may reach a farm deal at their summit this week that expands Beijing's purchases of grains and meat, but market watchers said they did not expect major... Read More.

Asian shares trade mixed after Wall Street rally despite Iran war worries

Monday, May 11 by SRN News

TOKYO (AP) - Asian shares traded mixed early Tuesday as optimism encouraged by a record rally on Wall Street clashed with anxiety about surging oil prices and a possible AI bubble. Japan's benchmark Nikkei 225 added 0.7% to 62,881.03. South Korea's Kospi dropped 1.2% to... Read More.

In a trial pitting him against Elon Musk, nobody has more to lose than OpenAI CEO Sam Altman

Monday, May 11 by SRN News

OAKLAND, Calif. (AP) - In a trial featuring a clash between Elon Musk and OpenAI CEO Sam Altman, neither of the tech titans has emerged as an overly sympathetic character. But nobody has more to lose than Altman, who is expected to take the... Read More.

Asia-Pacific’s heirs turn to wealth professionals for succession advice, UBS says

Monday, May 11 by SRN News

SINGAPORE, May 12 (Reuters) - Asia-Pacific's ultra-rich, set to take part in a global transfer of $83 trillion in assets over the coming decades, are leaning more on wealth managers and family officers for succession planning than their European and North American peers, a... Read More.

Australia business confidence shaken as costs climb, survey shows

Monday, May 11 by SRN News

SYDNEY, May 12 (Reuters) - Australian business confidence remained mired in gloom in April, a survey showed on Tuesday, as spiking energy costs from the Middle East war squeezed profit margins and pressured investment plans. The survey from National Australia Bank showed its index of... Read More.

Oil prices rise as fragile US-Iran talks sustain supply worries

Monday, May 11 by SRN News

By Anmol Choubey May 12 (Reuters) - Oil prices rose in early Asian trade on Tuesday as negotiations to end the war between the United States and Iran appeared fragile, with Tehran's response to a U.S. proposal highlighting stark differences that kept supply concerns alive. Brent... Read More.

Current Weather

Vanguard targets doubling European assets to $1 trillion by 2030

AI rally pauses as Middle East ceasefire goes on ‘life support’

Japan, US affirm close cooperation on currency moves

US consumer inflation expected to have increased further in April amid Iran war

Xi-Trump summit may yield farm deal, but China has limited soybean appetite

Asian shares trade mixed after Wall Street rally despite Iran war worries

In a trial pitting him against Elon Musk, nobody has more to lose than OpenAI CEO Sam Altman

Asia-Pacific’s heirs turn to wealth professionals for succession advice, UBS says

Australia business confidence shaken as costs climb, survey shows

Oil prices rise as fragile US-Iran talks sustain supply worries

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