Business – Page 26 – Freedom 96.9

Explainer-The road ahead for Volkswagen’s restructuring

Friday, September 25 by SRN News

By Rachel More and Christina Amann BERLIN, Sept 25 (Reuters) - Volkswagen CEO Oliver Blume may have got the green light from stakeholders for his turnaround plan, but he faces tough talks in Germany over job cuts and plant closures as well as fundamental questions... Read More.

Morning Bid: When Treasuries catch Korea’s volatility bug, take cover

Friday, September 25 by SRN News

A look at the day ahead in European and global markets from Stella Qiu Treasuries are meant to be markets' quiet backwater. When they start dominating headlines and trading like a retail-driven Korean stock market, something has clearly gone awry. In just two sessions, the benchmark... Read More.

Asian stocks weather bond storm, oil retreats slightly

Thursday, September 24 by SRN News

By Stella Qiu SYDNEY, Sept 25 (Reuters) - Asian shares held their nerve on Friday as a relentless bond selloff pushed longer dated US yields to two-decade highs, raising borrowing costs worldwide and threatening lofty equity valuations. The return of oil above $100 a... Read More.

Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilities

Thursday, September 24 by SRN News

By Helen Clark PERTH, Sept 25 (Reuters) - Oil prices fell slightly on Friday as markets weighed the possibility of a truce between the US and Iran against the bombing of Saudi Arabia by Houthi rebels after a week of price spikes. Brent was down... Read More.

Chile’s Escondida mine gradually resumes operations after fatal accident

Thursday, September 24 by SRN News

SANTIAGO, Sept 24 (Reuters) - Operations at BHP's Escondida mine in Chile are being resumed progressively as assessments continue, the world's largest copper mine said on Thursday. Operations at the mine were suspended on Wednesday after a worker was killed in an accident while carrying... Read More.

Tesla set to formally roll out Semi electric trucks at Nevada event

Thursday, September 24 by SRN News

By Abhirup Roy SAN FRANCISCO, Sept 24 (Reuters) - Tesla is set to roll out its Semi trucks late on Thursday at an inauguration of its plant in Sparks, Nevada, the EV maker said on its website and social media, almost nine years after CEO... Read More.

Wall Street Closes With Stocks Mixed

Thursday, September 24 by SRN News

(New York, NY) - Wall Street is closing with stocks mixed. It comes as treasury yields have continued to move higher amid anticipation of further rate hikes from the Federal Reserve. Oil prices have also seen an uptick. International Brent crude futures and West Texas Intermediate crude... Read More.

McDonalds To Invest 8 Billion Dollars Into Stores

Thursday, September 24 by SRN News

(Chicago, IL) - McDonald's is investing eight-point-five-billion dollars over the next decade to modernize restaurants, expand technology and attract more customers. The plan includes updated kitchens, more AI, expanded rewards and new menu items, including chicken bowls, snack wraps and egg bites. McDonald's says its AI... Read More.

MGM discusses bid for Barry Diller’s People Inc, WSJ reports

Thursday, September 24 by SRN News

Sept 24 (Reuters) - MGM Resorts International is discussing making a bid to purchase Barry Diller's People Inc, the Wall Street Journal reported on Thursday, a day after People Inc withdrew its proposal to buy MGM Resorts. New York-based People's shares rose 9% after the... Read More.

Airbus identifies A321neo defect, says no safety risk

Thursday, September 24 by SRN News

By Allison Lampert, Carlos Méndez and Mrinmay Dey Sept 24 (Reuters) - Airbus said on Thursday it had identified and contained a "quality issue" in the fuselage structure of its A321neo aircraft, but that planes could continue operating as it does not pose a safety... Read More.

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