Business

Cool US May CPI rise supports Fed pause argument

Tuesday, June 13 by SRN News

NEW YORK (Reuters) – U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates... Read More.

US consumer prices slow in May; core inflation sticky

Tuesday, June 13 by SRN News

WASHINGTON (Reuters) – U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates unchanged... Read More.

BoC to raise rates once more by 25 bps in July to 5.00%: Reuters poll

Tuesday, June 13 by SRN News

By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will raise interest rates again in July to 5.00% after a surprise 25 basis point increase last week, according to economists polled by Reuters, who unanimously said the main risk was... Read More.

Fed seen holding rates steady this week after inflation data

Tuesday, June 13 by SRN News

(Reuters) – Federal Reserve policymakers were seen as more likely to skip raising interest rates this week, after government data Tuesday showed consumer price gains, while still too hot for comfort, slowed last month a bit more than expected. Futures tied... Read More.

Indiana confirms GM, SDI will build $3 bilion EV battery manufacturing plant

Tuesday, June 13 by SRN News

(Reuters) – General Motors and Samsung SDI will build a more than $3 billion EV battery cell plant in Indiana scheduled to begin operations in 2026, creating 1,700 manufacturing jobs, the state’s governor said Tuesday. The companies said in April they... Read More.

Factbox-Pilots, airlines seek to strike new contracts ahead of peak travel season

Tuesday, June 13 by SRN News

(Reuters) -North American pilots are pushing for better pay and working conditions during their talks over new employment contracts with company managements. Members at some unions have voted to authorize a strike if a new contract isn’t reached. The aggressive posture comes at a time... Read More.

Bunge, Viterra will merge to form $34 billion agri-trading powerhouse

Tuesday, June 13 by SRN News

CHICAGO (Reuters) -U.S. grains merchant Bunge and Glencore-backed Viterra are merging to create a roughly $34 billion agricultural trading giant, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny. The deal brings Bunge closer in global scale to... Read More.

Bunge to merge with Viterra to form $34 billion agriculture trader

Tuesday, June 13 by SRN News

CHICAGO (Reuters) – U.S. grains merchant Bunge and Glencore-backed Viterra on Tuesday announced an $18 billion deal to merge, creating one of the world’s largest agriculture trading firms. The deal brings Bunge closer in global scale to leading rivals Archer-Daniels-Midland and... Read More.

Avolon says $4 trln needed to transform global jet fleet

Tuesday, June 13 by SRN News

By Tim Hepher PARIS (Reuters) – Global aviation needs $4 trillion of capital over the next 20 years to fund new commercial deliveries and transform the world’s fleet, leasing firm Avolon said on Tuesday. Airlines and leasing companies will take delivery of... Read More.

Oil prices rise on bargain hunting as demand worries weigh

Tuesday, June 13 by SRN News

By Shadia Nasralla LONDON (Reuters) – Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s plunge. But gains were limited as investors remained cautious ahead of key policy decisions by central banks and on... Read More.

Current Weather

Cool US May CPI rise supports Fed pause argument

US consumer prices slow in May; core inflation sticky

BoC to raise rates once more by 25 bps in July to 5.00%: Reuters poll

Fed seen holding rates steady this week after inflation data

Indiana confirms GM, SDI will build $3 bilion EV battery manufacturing plant

Factbox-Pilots, airlines seek to strike new contracts ahead of peak travel season

Bunge, Viterra will merge to form $34 billion agri-trading powerhouse

Bunge to merge with Viterra to form $34 billion agriculture trader

Avolon says $4 trln needed to transform global jet fleet

Oil prices rise on bargain hunting as demand worries weigh

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