Business

Dollar strengthens as Trump says Iran peace offer ‘unacceptable’

Sunday, May 10 by SRN News

By Gregor Stuart Hunter SINGAPORE, May 11 (Reuters) - The dollar advanced against its major peers in early Asia trade on Monday, supported by strong U.S. jobs data released late last week and as the U.S.-Iran ceasefire hung by a thread, boosting demand for the... Read More.

Apollo in talks to sell $3 billion private credit fund, WSJ reports

Sunday, May 10 by SRN News

May 10 (Reuters) - Apollo Global Management has held talks to sell MidCap Financial Investment, its publicly listed business development company focused on private-credit fund, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Apollo values the fund, known as MFIC,... Read More.

Share futures ease, dollar gains as Gulf talks teeter

Sunday, May 10 by SRN News

By Wayne Cole SYDNEY, May 11 (Reuters) - Share futures slipped and the dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher. President... Read More.

Oil jumps as US and Iran fail to reach agreement on peace proposal

Sunday, May 10 by SRN News

SINGAPORE, May 11 (Reuters) - Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supply tight. Brent crude futures... Read More.

Venezuela’s leader to defend her country’s claim over mineral-rich Guyana region before UN court

Sunday, May 10 by SRN News

CARACAS (AP) - Venezuela 's acting President Delcy Rodríguez arrived in the Netherlands on Sunday where she will defend her country's claim to a mineral- and oil-rich region in western Guyana before the United Nations highest court in a dispute that has spanned decades.... Read More.

Exclusive-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say

Sunday, May 10 by SRN News

By Echo Wang May 10 (Reuters) - Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker's shares continues to climb, two people familiar with the matter told Reuters... Read More.

China’s He to hold trade talks with US delegation in South Korea

Sunday, May 10 by SRN News

SHANGHAI, May 10 (Reuters) - Chinese Vice Premier He Lifeng will lead a delegation to South Korea for trade negotiations with U.S. counterparts on May 12-13, China's Ministry of Commerce said on Sunday. The discussions will follow consensus reached during prior calls and meetings between... Read More.

Saudi oil giant Aramco sees Q1 profits rise 25% by shifting exports to its East-West Pipeline

Sunday, May 10 by SRN News

Aramco, the world's largest oil company, reported Sunday that its first quarter profits jumped 25% over last year, as it increased exports by using a pipeline that avoids shipping through the Strait of Hormuz, which has been disrupted by the Iran war. Formally known as... Read More.

Armani could split 15% stake among L’Oreal, LVMH, EssilorLuxottica, report says

Sunday, May 10 by SRN News

MILAN, May 10 (Reuters) - Italian fashion house Giorgio Armani is considering selling a 15% stake in three equal parts following the designer's death, potentially bringing in three buyers he had selected as shareholders, a newspaper reported on Sunday. Armani, who died at 91... Read More.

Bolivia’s fuel shortages and ‘junk gasoline’ drive a surge in electric cars

Sunday, May 10 by SRN News

LA PAZ, Bolivia (AP) - Tired of gasoline shortages and skyrocketing prices, Simón Huanca took matters into his own hands. The 53-year-old Indigenous artisan imported a Chinese electric car to navigate El Alto, Bolivia's highest city, using the vehicle to transport both his family and... Read More.

Current Weather

Dollar strengthens as Trump says Iran peace offer ‘unacceptable’

Apollo in talks to sell $3 billion private credit fund, WSJ reports

Oil jumps as US and Iran fail to reach agreement on peace proposal

Venezuela’s leader to defend her country’s claim over mineral-rich Guyana region before UN court

Exclusive-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say

China’s He to hold trade talks with US delegation in South Korea

Saudi oil giant Aramco sees Q1 profits rise 25% by shifting exports to its East-West Pipeline

Armani could split 15% stake among L’Oreal, LVMH, EssilorLuxottica, report says

Bolivia’s fuel shortages and ‘junk gasoline’ drive a surge in electric cars

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