Business

PwC Australia acting CEO to face state parliament over tax leak scandal

Sunday, June 25 by SRN News

By Lewis Jackson SYDNEY (Reuters) – Australian lawmakers will ask for more details about PwC staff involved in the leak of government tax plans when acting head Kristin Stubbins appears before a state parliament on Monday, her first public appearance since... Read More.

China refiners stoke petchem glut in market share war as demand flags

Sunday, June 25 by SRN News

By Mohi Narayan and Andrew Hayley (Reuters) – China is relentlessly adding new petrochemical capacity despite a global glut as the country’s refiners diversify from transport fuels, threatening to depress margins worldwide through 2024 as weak economic growth saps demand. In an... Read More.

Oil climbs after short-lived Russian mutiny, currencies steady

Sunday, June 25 by SRN News

By Tom Westbrook SINGAPORE (Reuters) – Oil nudged higher in early trade on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, though other financial markets started steadily with investors unsure of any further immediate implications. Brent... Read More.

Starbucks strike over Pride decor follows LGBTQ anger on hours, benefits

Sunday, June 25 by SRN News

By Hilary Russ and Caroline Valetkevitch (Reuters) – Workers at dozens of U.S. Starbucks locations held strikes on Sunday to express their outrage over accusations by the baristas’ union that managers at several U.S. cafes removed rainbow flags and decorations supporting... Read More.

Renewables growth did not dent fossil fuel dominance in 2022-Statistical Review

Sunday, June 25 by SRN News

LONDON (Reuters) – Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry’s Statistical Review of World Energy report said on... Read More.

Investors shelve China assets before bigger stimulus

Sunday, June 25 by SRN News

By Summer Zhen HONG KONG (Reuters) -Investors are waiting for a big burst of stimulus from China before they make more aggressive bets on a recovery, having spent the past few months disappointed by economic data and a lack of meaningful policy response from Beijing. The... Read More.

Marketmind: Russian turmoil tests safe-haven demand

Sunday, June 25 by SRN News

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Monday kick off what looks like a pretty light week for regional economic, policy and corporate drivers, with all... Read More.

Apollo Global leads debt investment in chipmaker Wolfspeed – media

Sunday, June 25 by SRN News

(Reuters) – A group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in the U.S., media outlets reported on Sunday. The financing would... Read More.

US retailers targeted with bomb threats, seeking bitcoin and gift cards -WSJ

Sunday, June 25 by SRN News

(Reuters) – Law-enforcement officials and retailers are investigating a recent wave of bomb threats across the United States, targeting grocery operators and other stores, the Wall Street Journal reported on Sunday. Retail companies including Kroger, Walmart and Amazon’s Whole Foods Market,... Read More.

BIS warns world economy at critical juncture in inflation fight

Sunday, June 25 by SRN News

By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein... Read More.

Current Weather

PwC Australia acting CEO to face state parliament over tax leak scandal

Oil climbs after short-lived Russian mutiny, currencies steady

Starbucks strike over Pride decor follows LGBTQ anger on hours, benefits

Renewables growth did not dent fossil fuel dominance in 2022-Statistical Review

Investors shelve China assets before bigger stimulus

Marketmind: Russian turmoil tests safe-haven demand

Apollo Global leads debt investment in chipmaker Wolfspeed – media

US retailers targeted with bomb threats, seeking bitcoin and gift cards -WSJ

BIS warns world economy at critical juncture in inflation fight

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