Business

Shipbuilder Austal gets $1.2 billion offer for US operations from Hanwha

Monday, August 10 by SRN News

Aug 11 (Reuters) - Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market. Austal shares rose more than 16%, logging... Read More.

Yen steadies as intervention boost fades; RBA in focus

Monday, August 10 by SRN News

By Ankur Banerjee SINGAPORE, Aug 11 (Reuters) - The yen steadied on Tuesday after a sharp drop in the previous session as the joint U.S.-Japan intervention failed to deliver a lasting boost, while the Australian dollar was at an eight-week high ahead of a policy... Read More.

Oil prices rise, Asia stocks drift amid US-Iran stalemate

Monday, August 10 by SRN News

By Rae Wee SINGAPORE, Aug 11 (Reuters) - Oil prices rose on Tuesday as negotiations between the U.S. and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global... Read More.

Netcapital charged by US SEC with fraud for allegedly inflating revenue

Monday, August 10 by SRN News

Aug 10 (Reuters) - The U.S. Securities and Exchange Commission charged Netcapital with securities fraud on Monday over the fintech company's alleged scheme to overstate revenue. The SEC said in a civil complaint filed in Boston federal court that Netcapital improperly recorded nearly $14 million... Read More.

Flowers Foods seeks to divest Tastykake baked goods business, sources say

Monday, August 10 by SRN News

By Abigail Summerville NEW YORK, Aug 10 (Reuters) - Packaged food company Flowers Foods is seeking to divest its baked goods business Tastykake, according to people familiar with the matter. The company, which also owns Simple Mills and Wonder Bread, is working... Read More.

Hims & Hers raises annual revenue forecast on strong subscriber growth

Monday, August 10 by SRN News

NEW YORK, Aug 10 (Reuters) - Hims & Hers Health on Monday raised its annual revenue forecast and said it beat second-quarter revenue estimates, as the telehealth company benefited from an increase in subscribers and expanding its personalized healthcare offerings. The company has said that... Read More.

Canada puts the military on standby as British Columbia wildfires kill 1 and displace thousands

Monday, August 10 by SRN News

Canada put its military on standby Monday to help battle deadly wildfires in British Columbia as a local mayor warned that one of the blazes had wreaked huge destruction on his community. A woman has died and some 20,000 people have fled their homes... Read More.

Trading Day: Strait talking

Monday, August 10 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 10 (Reuters) - Wall Street wobbled and oil prices leaped 5% on Monday, as hopes of a U.S.-Iran peace deal and reopening of the Strait of Hormuz faded, while investors looked ahead to U.S. inflation data later in the... Read More.

JBS taps Wesley Filho as CEO as founding family retakes top post

Monday, August 10 by SRN News

By Roberto Samora and Andre Romani SAO PAULO, Aug 10 (Reuters) - Brazil's JBS, the world's largest meatpacker, said on Monday it had named Wesley Batista Filho as chief executive effective January 2027, marking its first CEO change in eight years and returning a member... Read More.

Trump extends Jones Act waiver 90 days for foreign ships moving energy, fertilizers

Monday, August 10 by SRN News

WASHINGTON (AP) - President Donald Trump on Monday extended a waiver for 90 days for foreign ships to transport goods, including oil, fertilizers and other fossil fuel products, among U.S. ports. The president first waived the Jones Act on March 17 so that it would... Read More.

Current Weather

Shipbuilder Austal gets $1.2 billion offer for US operations from Hanwha

Yen steadies as intervention boost fades; RBA in focus

Oil prices rise, Asia stocks drift amid US-Iran stalemate

Netcapital charged by US SEC with fraud for allegedly inflating revenue

Flowers Foods seeks to divest Tastykake baked goods business, sources say

Hims & Hers raises annual revenue forecast on strong subscriber growth

Canada puts the military on standby as British Columbia wildfires kill 1 and displace thousands

Trading Day: Strait talking

JBS taps Wesley Filho as CEO as founding family retakes top post

Trump extends Jones Act waiver 90 days for foreign ships moving energy, fertilizers

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