Business

Yen surges, analysts suspect official Japanese intervention

Thursday, July 30 by SRN News

(Corrects paragraphs 12 to show yen jumped against euro and pound, not tumbled) By Alun John, Saqib Iqbal Ahmed and Takaya Yamaguchi NEW YORK, July 30 (Reuters) - The Japanese yen surged on Thursday, in a move analysts said bore the hallmarks of official intervention by... Read More.

Instant View: Yen soars, markets suspect Japan intervention

Thursday, July 30 by SRN News

LONDON, July 30 (Reuters) - The yen surged against the dollar on Thursday, in a move so rapid and large in its scale that it alerted investors to the prospect of intervention by Japan to prop up its weak currency. Markets have been on... Read More.

Base metals traders on the move as battle for talent intensifies

Thursday, July 30 by SRN News

By Polina Devitt, Tom Daly and Pratima Desai LONDON, July 30 (Reuters) - Senior base metals traders are being lured to new jobs as demand for their expertise rises amid supply-chain disruptions and soaring investment in metals-intensive data centres, sources with knowledge of the matter... Read More.

BP to cut 700 jobs as it simplifies company, internal email shows

Thursday, July 30 by SRN News

By Stephanie Kelly July 30 (Reuters) - BP plans to cut about 700 of its non-frontline global workforce, according to an internal email seen by Reuters, as the oil major sharpens its operational focus to bolster profits and returns. The reductions would impact around 8% of... Read More.

Bombardier tops profit estimates, free cash turns positive on private jet order boom

Thursday, July 30 by SRN News

By Allison Lampert and Aatreyee Dasgupta MONTREAL, July 30 (Reuters) - Bombardier on Thursday reported second-quarter profit above analysts' expectations, helped by robust demand for private jets that also drove a turnaround in free cash flow and expanded the planemaker's order backlog. Business jet makers are... Read More.

Goldman Sachs asset arm forms an AI investing platform, memo shows

Thursday, July 30 by SRN News

NEW YORK, July 30 (Reuters) - Goldman Sachs Asset Management has launched an artificial intelligence investing platform, AlphaAI, betting that AI will become an important driver of investment returns across its public and private market businesses. Lou D'Ambrosio will lead AlphaAI, as chairman of Artificial... Read More.

US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low

Thursday, July 30 by SRN News

WASHINGTON (AP) - The number of Americans applying for unemployment benefits rose last week but layoffs remain in the historically healthy range of the past few years. U.S. filings for jobless aid in the week ending July 25 rose by 9,000 to 197,000, the Labor... Read More.

Bank of England keeps key rate at 3.75% for the fifth time this year

Thursday, July 30 by SRN News

LONDON (AP) - The Bank of England kept its key interest rate on hold for the fifth time this year on Thursday after a bigger-than-expected drop in the inflation rate last month gave policymakers breathing space to assess the fallout from renewed fighting in... Read More.

New Government data points to Economic resilence

Thursday, July 30 by SRN News

WASHINGTON - The U.S. economy showed clear signs of resilience in the second quarter, even as overall growth slowed, according to fresh government data released Thursday. The Commerce Department reported that gross domestic product expanded at a 1.5% annual pace from April through June, a... Read More.

Blue Owl’s second-quarter profit rises, AUM reaches $319 billion

Thursday, July 30 by SRN News

By Isla Binnie and Manya Saini NEW YORK, July 30 (Reuters) - Alternative asset manager Blue Owl posted a higher second-quarter profit on Thursday, driven by its fee-related earnings and growth in assets under management to $319 billion. Adjusted distributable earnings per share came in at... Read More.

Current Weather

Yen surges, analysts suspect official Japanese intervention

Instant View: Yen soars, markets suspect Japan intervention

Base metals traders on the move as battle for talent intensifies

BP to cut 700 jobs as it simplifies company, internal email shows

Bombardier tops profit estimates, free cash turns positive on private jet order boom

Goldman Sachs asset arm forms an AI investing platform, memo shows

US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low

Bank of England keeps key rate at 3.75% for the fifth time this year

New Government data points to Economic resilence

Blue Owl’s second-quarter profit rises, AUM reaches $319 billion

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