Business

Malaysia extends search for MH370 for another year, keeping families’ hopes alive

Monday, June 29 by SRN News

KUALA LUMPUR, Malaysia (AP) - Malaysia has extended for another year its contract with marine robotics company Ocean Infinity for a deep-sea search in the southern Indian Ocean for wreckage of a Malaysia Airlines flight that disappeared 12 years ago. The Cabinet on Friday... Read More.

Comcast plans to split into two public companies by spinning off NBCUniversal and Sky

Monday, June 29 by SRN News

Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky. The company said Monday that its board and management team think each company will be better positioned to pursue its own strategic priorities, invest for growth... Read More.

China’s factory activity likely returned to meagre growth in June: Reuters poll

Monday, June 29 by SRN News

BEIJING, June 29 (Reuters) - China's factory activity likely returned to growth in June, albeit by the slimmest of margins, as the world's second-largest economy struggles for momentum despite strong demand for high-tech exports to feed the global AI boom. A Reuters poll of 23... Read More.

Toyota sales fall for fourth month in May as declines in China, US and Middle East weigh

Monday, June 29 by SRN News

TOKYO, June 29 (Reuters) - Toyota Motor said on Monday that global vehicle sales slipped for a fourth consecutive month in May, as decreases in China and the Middle East weighed on overall results. • Global sales dropped 7.2% year-on-year to 834,279... Read More.

Australia to double potential fines for Facebook and Instagram over child social media accounts

Monday, June 29 by SRN News

MELBOURNE, Australia (AP) - Australia plans to double potential fines for social media platforms, including Facebook and Instagram, who fail to prevent Australian children from holding accounts as critics argue the world-first ban on under-16s was failing. Communications Minister Anika Wells on Monday blamed the... Read More.

Asian markets mixed in choppy trade as AI doubts, Iran tensions cloud outlook

Monday, June 29 by SRN News

By Rajasik Mukherjee June 29 (Reuters) - Asian markets were choppy on Monday as investors weighed AI-driven growth against rising cost pressures, while keeping an eye on a fragile U.S.-Iran ceasefire that kept oil prices elevated and the dollar near a one-year high. The MSCI EM... Read More.

Morning Bid: Markets swivel on tech, Mideast angst

Monday, June 29 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee The halt to the latest tit-for-tat attacks in the Middle East spurred a twitchy reaction in markets as lingering unease over stretched tech valuations and the prospect of higher-for-longer rates compounded... Read More.

Asian shares are mixed as tech stocks fall in Japan and South Korea

Monday, June 29 by SRN News

HONG KONG (AP) - Asian markets were mixed on Monday as selling of artificial intelligence-related shares pulled benchmarks in Japan and South Korea lower, though gains for other stocks helped offset those losses. U.S. futures advanced and oil prices gained, though they remained close to... Read More.

Exclusive-China’s CXMT wins $3 billion memory supply deal with Tencent, sources say

Monday, June 29 by SRN News

June 29 (Reuters) - Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent Holdings worth more than 20 billion yuan ($2.94 billion) ahead of its blockbuster stock market debut, according to three people with knowledge of the matter. The... Read More.

China imposes export controls on 40 Japanese entities as tensions with Tokyo rise

Monday, June 29 by SRN News

TAIPEI, Taiwan (AP) - China imposed new export controls Monday on 40 Japanese entities it says are contributing to the country's "remilitarization," as tensions with Tokyo continue to rise. Twenty Japanese entities, including multiple divisions of Mitsubishi Corporation, have been placed on a control list,... Read More.

Current Weather

Malaysia extends search for MH370 for another year, keeping families’ hopes alive

Comcast plans to split into two public companies by spinning off NBCUniversal and Sky

China’s factory activity likely returned to meagre growth in June: Reuters poll

Toyota sales fall for fourth month in May as declines in China, US and Middle East weigh

Morning Bid: Markets swivel on tech, Mideast angst

Asian shares are mixed as tech stocks fall in Japan and South Korea

Exclusive-China’s CXMT wins $3 billion memory supply deal with Tencent, sources say

China imposes export controls on 40 Japanese entities as tensions with Tokyo rise

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