Business

Asia stocks move higher on Wall Street lead, oil steady

Monday, August 3 by SRN News

By Gregor Stuart Hunter SINGAPORE, Aug 4 (Reuters) - Asian markets made cautious gains at the start of trading as investors followed a global rally, with oil prices holding near the lowest levels in weeks as the U.S.-Iran conflict remained at a stalemate. MSCI's broadest index... Read More.

Japan’s fight with yen bears goes on after joint rescue

Monday, August 3 by SRN News

By Rae Wee and Ankur Banerjee SINGAPORE, Aug 3 (Reuters) - A rare joint U.S.-Japan intervention has raised the stakes on traders betting against the yen, but analysts are doubtful speculators will be kept at bay without tighter monetary policy. The ultimate test will be whether... Read More.

Oil ticks up after selloff as talks to end US-Iran war remain uncertain

Monday, August 3 by SRN News

By Ishaan Arora Aug 4 (Reuters) - Oil prices rebounded slightly on Tuesday, after plunging in the previous session, on concerns Middle Eastern supply remains at risk as a diplomatic resolution to the U.S.-Iran war that has disrupted shipments still seems unlikely. Front-month Brent futures rose... Read More.

Yen clings to intervention gains as traders stay alert to more

Monday, August 3 by SRN News

By Rae Wee SINGAPORE, Aug 4 (Reuters) - The yen held on to most of its intervention-driven gains on Tuesday, after last week's joint action by Tokyo and Washington to shore up the currency kept speculators wary of rebuilding bearish positions. The yen weakened slightly in... Read More.

Fed lending officer survey finds stable standard for many types of commercial, industrial loans

Monday, August 3 by SRN News

Aug 3 (Reuters) - Respondents to a Federal Reserve banking survey reported "basically unchanged" lending standards for commercial and industrial loans during roughly the second quarter, with stronger demand for that type of loan coming from large and middle market firms. "For loans to households,... Read More.

US Treasury raises third-quarter borrowing estimate to $739 billion

Monday, August 3 by SRN News

Aug 3 (Reuters) - The U.S. Treasury said on Monday it expects to borrow $739 billion in the third quarter, $68 billion more than it projected in May, as lower projected cash flows were only partly offset by a higher-than-assumed starting cash balance. Stripping out... Read More.

FAA certifies Boeing’s new 737 Max 7 jetliner for flight after years of delays

Monday, August 3 by SRN News

The Federal Aviation Administration on Monday approved the smallest model of Boeing's Max jetliners for commercial service nearly a decade after the aircraft manufacturer first unveiled the plane. Certification of the Boeing 737 Max 7 represents a milestone in the company's work to overcome... Read More.

Trump blasts Exxon, Chevron for making ‘too much money,’ demands lower gasoline prices

Monday, August 3 by SRN News

By Jarrett Renshaw and Sheila Dang WASHINGTON, Aug 3 (Reuters) - U.S. President Donald Trump accused ExxonMobil and Chevron on Monday of making "too much money" off higher fuel prices and said the oil giants should "give some of that back to the public," a... Read More.

As Blanche’s path to confirmation is cleared, Trump’s tax audit immunity remains in place

Monday, August 3 by SRN News

WASHINGTON (AP) - In negotiations with Republican senators whose support he needs to be confirmed as attorney general, Todd Blanche formally rescinded a $1.8 billion fund meant to compensate President Donald Trump's political allies. But a sweeping audit immunity plan conferred on the president,... Read More.

US oil exports in July fall to lowest level in eight months, data shows

Monday, August 3 by SRN News

By Arathy Somasekhar and Siddharth Cavale HOUSTON, Aug 3 (Reuters) - U.S. oil exports in July fell to 3.66 million barrels per day, the lowest level in eight months, ship tracking data showed, as a short-lived peace deal between the U.S. and Iran in June... Read More.

Current Weather

Asia stocks move higher on Wall Street lead, oil steady

Japan’s fight with yen bears goes on after joint rescue

Oil ticks up after selloff as talks to end US-Iran war remain uncertain

Yen clings to intervention gains as traders stay alert to more

Fed lending officer survey finds stable standard for many types of commercial, industrial loans

US Treasury raises third-quarter borrowing estimate to $739 billion

FAA certifies Boeing’s new 737 Max 7 jetliner for flight after years of delays

Trump blasts Exxon, Chevron for making ‘too much money,’ demands lower gasoline prices

As Blanche’s path to confirmation is cleared, Trump’s tax audit immunity remains in place

US oil exports in July fall to lowest level in eight months, data shows

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