Business

Hyundai Motor to launch 20 models in five years in new China offensive

Friday, April 24 by SRN News

BEIJING, April 24 (Reuters) - Hyundai Motor said on Friday it would roll out 20 new models in China over the next five years as it seeks to revive its fortunes in the world's largest auto market. The South Korean automaker has struggled in China... Read More.

Mercedes steels itself for ‘roller coaster’ competition in Chinese market

Friday, April 24 by SRN News

BEIJING, April 24 (Reuters) - Mercedes-Benz will use this year's Beijing auto show to pitch how it plans to navigate China's fiercely competitive car market, where Chief Executive Ola Kaellenius says the German carmaker is facing intense pressure but will not be dragged into... Read More.

Up, or down? War scrambles financial markets’ signalling efforts

Friday, April 24 by SRN News

By Amanda Cooper LONDON, April 24 (Reuters) - The traditional global asset correlations that collapsed when the war in the Middle East erupted remain broken, leaving investors to piece together strategies to trade the road to resolution with a faulty instrument panel. Record highs for... Read More.

Australian lithium miner PLS says energy security concerns driving demand growth

Friday, April 24 by SRN News

By Sruthi Narasimha Chari and Melanie Burton April 24 (Reuters) - PLS is seeing deepening and broadening demand for lithium, partly driven by energy security concerns, CEO Dale Henderson said on Friday as the Australian miner nearly doubled its lithium production and beat analyst estimates. The... Read More.

Musk sounds cautious tone on robotaxis amid slower-than-expected rollout

Friday, April 24 by SRN News

By Chris Kirkham and Abhirup Roy LOS ANGELES, April 23 (Reuters) - The rollout of Tesla's fledgling robotaxi business is going more slowly than expected, several Wall Street analysts said, following an uncharacteristically downbeat update from CEO Elon Musk. Musk over the past year has outlined... Read More.

Analysis-Most US companies seen sticking with quarterly reporting

Friday, April 24 by SRN News

By Suzanne McGee PROVIDENCE, RHODE ISLAND, April 24 (Reuters) - Quarterly earnings reporting may soon become optional for U.S. firms - yet the vast majority of companies are unlikely to take advantage of lighter requirements as it could hurt valuations, investors and market participants say.... Read More.

Morning Bid: Iran flaunts its grip, investors cower

Friday, April 24 by SRN News

A look at the day ahead in European and global markets from Rae Wee Markets were in a dour mood on Friday, with Iran flaunting its grip over the Strait of Hormuz serving as a stark reminder that the war in the Middle East is... Read More.

Democratic lawmakers urge retail, shipper CEOs to pass Trump tariff refunds to consumers

Thursday, April 23 by SRN News

WASHINGTON, April 23 (Reuters) - A group of 15 Democrats in the U.S. House of Representatives on Thursday urged CEOs of major retailers and shippers to give back any refunds they receive from President Donald Trump's illegal tariffs to consumers who paid higher prices. •... Read More.

Fortescue spends more on green energy, keeps shipment forecast steady

Thursday, April 23 by SRN News

April 24 (Reuters) - Australian miner Fortescue announced further spending on green energy on Friday, as it seeks to insulate itself from global oil market volatility, while keeping its full-year total shipment forecast unchanged. The world's fourth-largest iron ore producer is banking on plans to... Read More.

Amazon-backed X-Energy raises over $1 billion in IPO

Thursday, April 23 by SRN News

April 23 (Reuters) - Nuclear reactor developer X-Energy, which is backed by Amazon, said on Thursday it had raised $1.02 billion in its initial public offering in the United States. The Rockville, Maryland-based company sold 44.3 million shares in its upsized offering at $23 apiece,... Read More.

Current Weather

Hyundai Motor to launch 20 models in five years in new China offensive

Mercedes steels itself for ‘roller coaster’ competition in Chinese market

Up, or down? War scrambles financial markets’ signalling efforts

Australian lithium miner PLS says energy security concerns driving demand growth

Musk sounds cautious tone on robotaxis amid slower-than-expected rollout

Analysis-Most US companies seen sticking with quarterly reporting

Morning Bid: Iran flaunts its grip, investors cower

Democratic lawmakers urge retail, shipper CEOs to pass Trump tariff refunds to consumers

Fortescue spends more on green energy, keeps shipment forecast steady

Amazon-backed X-Energy raises over $1 billion in IPO

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