Business

Temasek eyes defence deals as Europe boosts military spending, executive says

Friday, July 24 by SRN News

By Mathieu Rosemain and Yantoultra Ngui PARIS, July 24 (Reuters) - Singaporean state investor Temasek is looking to increase its investments in defence as the war in Ukraine prompts European governments to boost military spending, a senior executive said. Defence will form part of Temasek's broader... Read More.

Stagflation talk returns to rattle markets as oil rebounds to $100

Friday, July 24 by SRN News

By Alun John, Dhara Ranasinghe and Sophie Kiderlin LONDON, July 24 (Reuters) - Renewed hostilities in the Gulf have revived stagflation talk, dimming hopes the interim deal between the U.S. and Iran had come in time for the world economy to avoid elevated inflation... Read More.

HSBC sells Singapore insurance unit to Allianz in $2.1 billion deal

Friday, July 24 by SRN News

By Selena Li, Sneha Kumar and Yantoultra Ngui July 24 (Reuters) - HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion), as it trims non-core operations and focuses on its Asian wealth and... Read More.

Top apparel exporter Vietnam faces higher US tariffs than peers

Friday, July 24 by SRN News

HANOI, July 24 (Reuters) - Vietnam faces higher U.S. tariffs than peers and risks a further erosion of competitiveness in the clothing sector, as the largest exporter of apparel to the U.S. is excluded from a mechanism that could cut U.S. duties on some... Read More.

Morning Bid: Oil batters bonds as AI burns cash

Friday, July 24 by SRN News

A look at the day ahead in European and global markets from Stella Qiu We are back to war watching, as if the June ceasefire never happened. After weeks of dozing through simmering U.S.-Iran tensions, investors got a rude awakening overnight: oil prices surged 7%... Read More.

China’s memory chip makers ride AI boom to new power — and U.S. scrutiny

Friday, July 24 by SRN News

SINGAPORE, July 24 (Reuters) - For months, Chinese chip manufacturer ChangXin Memory Technologies (CXMT) had been hiking prices on Huawei, one of the country's biggest technology companies. The chipmaker held firm when Huawei demanded relief from the escalating costs, according to two people familiar... Read More.

US weapons makers confront Europe’s drive for local control

Friday, July 24 by SRN News

By Cassell Bryan-Low LONDON, July 24 (Reuters) - As U.S. defence companies descended on Britain's Farnborough Airshow this week hoping to tap Europe's military spending boom, they encountered increased concern among customers about reliance on American suppliers. European governments are demanding greater control over defence equipment,... Read More.

Shares skid in Asia in sell-off of AI-related shares as Brent oil tops $100 per barrel

Friday, July 24 by SRN News

BANGKOK (AP) - Shares skidded Friday in Asia after Brent crude shot to its highest price since May as heavy fighting in the Middle East again threatened to slow the global flow of oil and gas. U.S. futures were little changed after tumbles for two... Read More.

Canada is ready to celebrate new bridge to US amid tariff troubles with Trump

Friday, July 24 by SRN News

WINDSOR, Ontario (AP) - Officials are gathering Friday in Ontario to take delight in a new U.S.-Canada bridge over the Detroit River, an international span that is expected to enhance trade on both sides of the border and give travelers another route to both... Read More.

Exclusive-BOJ likely to keep inflation warning but expect no big build-up in risks, sources say

Thursday, July 23 by SRN News

By Leika Kihara TOKYO, July 24 (Reuters) - The Bank of Japan will likely maintain its warning over the risk of inflation overshooting its 2% target next week, but signal that those risks have not increased significantly from three months ago, three sources familiar with... Read More.

Current Weather

Temasek eyes defence deals as Europe boosts military spending, executive says

Stagflation talk returns to rattle markets as oil rebounds to $100

HSBC sells Singapore insurance unit to Allianz in $2.1 billion deal

Top apparel exporter Vietnam faces higher US tariffs than peers

Morning Bid: Oil batters bonds as AI burns cash

China’s memory chip makers ride AI boom to new power — and U.S. scrutiny

US weapons makers confront Europe’s drive for local control

Shares skid in Asia in sell-off of AI-related shares as Brent oil tops $100 per barrel

Canada is ready to celebrate new bridge to US amid tariff troubles with Trump

Exclusive-BOJ likely to keep inflation warning but expect no big build-up in risks, sources say

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