Business

A second life for EV batteries? Depends how long the first is

Monday, June 26 by SRN News

By Nick Carey, Paul Lienert and Victoria Waldersee LONDON (Reuters) – Global automakers have touted plans to re-use electric vehicle (EV) batteries when they lose power, but competition for battery packs and cell materials, and the appetite for affordable cars cast... Read More.

Rouble opens at 15-month low vs dollar after aborted mutiny

Monday, June 26 by SRN News

(Reuters) – The Russian rouble opened at a near 15-month low against the dollar in early morning trade on Monday, responding for the first time to an aborted mutiny by heavily armed mercenaries over the weekend. By 0415 GMT, the rouble... Read More.

Marketmind: Markets take mutiny in their stride, for now

Monday, June 26 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook Investors in the Asia session were circumspect after an extraordinary weekend in Russia, briefly bidding up oil a little bit but otherwise standing back to wait for clarity. Mercenaries from the Wagner... Read More.

Factbox-What’s new with the U.S. Fed’s 2023 bank stress tests?

Monday, June 26 by SRN News

By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday, June 28. Under the “stress test” exercise, the Fed tests banks’ balance sheets against a hypothetical severe... Read More.

Big US banks to fare well in annual health checks despite spring turmoil

Monday, June 26 by SRN News

By Pete Schroeder WASHINGTON (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any fresh turmoil in the banking sector during this week’s Federal Reserve health checks, although resulting investor payouts are likely to dip... Read More.

PwC Australia says staff involved in tax leak face ‘severe’ consequences

Monday, June 26 by SRN News

By Lewis Jackson SYDNEY (Reuters) -PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over the leaking of government tax plans will face “severe” consequences, acting chief executive Kristin Stubbins told a state parliament inquiry on Monday. In her first public appearance... Read More.

S&P Global cuts China 2023 growth forecast to 5.2% from 5.5%

Sunday, June 25 by SRN News

BEIJING (Reuters) -S&P Global said it has cut its 2023 GDP growth forecast for China after May data showed a post-COVID recovery was faltering in the world’s second-largest economy. “We have reduced our 2023 GDP growth forecast to 5.2%, from 5.5%,” it said in a... Read More.

Oil firm, stocks wobbly after short-lived Russian mutiny

Sunday, June 25 by SRN News

By Tom Westbrook SINGAPORE (Reuters) – Oil was slightly higher on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, while stocks lacked direction as investors waited for more clarity around the situation. Brent crude futures were... Read More.

BOJ member called for early tweak to YCC, yen worries resurface

Sunday, June 25 by SRN News

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -A Bank of Japan (BOJ) policymaker called for an early revision to its controversial yield curve control, a summary of opinions at the June meeting showed on Monday, suggesting the central bank’s ultra-loose monetary settings may be... Read More.

Dollar steady as investors ponder over global rates, economic outlook

Sunday, June 25 by SRN News

By Rae Wee SINGAPORE (Reuters) – The dollar held near a one-week high against its major peers on Monday as traders weighed the impact of protracted monetary tightening cycles on the global growth outlook and as worries over a deep downturn... Read More.

Current Weather

A second life for EV batteries? Depends how long the first is

Rouble opens at 15-month low vs dollar after aborted mutiny

Marketmind: Markets take mutiny in their stride, for now

Factbox-What’s new with the U.S. Fed’s 2023 bank stress tests?

Big US banks to fare well in annual health checks despite spring turmoil

PwC Australia says staff involved in tax leak face ‘severe’ consequences

S&P Global cuts China 2023 growth forecast to 5.2% from 5.5%

Oil firm, stocks wobbly after short-lived Russian mutiny

BOJ member called for early tweak to YCC, yen worries resurface

Dollar steady as investors ponder over global rates, economic outlook

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