Business

Trading platform Plus500 reports higher core profit as US business gains traction

Monday, August 10 by SRN News

Aug 10 (Reuters) - Trading platform Plus500 reported a rise in half-year core profit on Monday, aided by higher trading activity as the company expanded its U.S. business and rolled out more products, including the fast-growing predictions market. Here are some more details: • The Israeli... Read More.

Asian shares track Wall Street gains, while oil prices bounce higher

Monday, August 10 by SRN News

BANGKOK (AP) - Shares were mostly higher Monday in Asia, with Japan's Nikkei 225 leading advances after stocks rose on Wall Street. Oil prices rose and U.S. futures were little changed. In Tokyo, the benchmark Nikkei 225 jumped 2.1% to 66,970.22, pulled higher by... Read More.

Chinese users of AI companions bereft after government tightens regulations

Monday, August 10 by SRN News

Li Linlin cried for days after losing her AI boyfriend. She had exchanged about 700,000 words in messages over two years, and never got to say goodbye. Li, 24, wasn't the only left mourning the loss of a virtual companion when major Chinese tech companies... Read More.

Australia’s Treasury Wine takes $394 million charge to revamp US business; shares climb

Monday, August 10 by SRN News

By Roshan Thomas Aug 10 (Reuters) - Australia's Treasury Wine Estates said on Monday it would overhaul its U.S. business by fallowing vineyards, impairing brands and writing down inventory, resulting in a post-tax charge of A$558.4 million ($394.4 million). Shares of the Penfolds owner rose as... Read More.

Westpac reports 20% drop in mortgage applications after Australia scraps tax breaks

Monday, August 10 by SRN News

By Scott Murdoch and Rajasik Mukherjee SYDNEY, Aug 10 (Reuters) - Australia's second-largest lender Westpac Banking Corp reported a 20% fall in mortgage applications and forecast investor housing credit growth to halve next year, as the Labor government's tax changes weigh on property demand. Westpac's shares... Read More.

Asia stocks gain, oil up amid Gulf confusion

Monday, August 10 by SRN News

By Wayne Cole SYDNEY, Aug 10 (Reuters) - Asian share markets tracked Wall Street higher on Monday after a soft U.S. jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices... Read More.

Australian shares dip as Westpac weighs on banks ahead of RBA decision

Monday, August 10 by SRN News

Aug 10 (Reuters) - Australian shares slipped on Monday as losses in lender Westpac after its quarterly update weighed on financials, offsetting gains in miners ahead of the Reserve Bank of Australia's policy decision. The S&P/ASX 200 index was down 0.5% at 9,220.30 points, as... Read More.

Japan’s executives call for FX stability as weak yen intensify import-cost pressure

Monday, August 10 by SRN News

By Kentaro Okasaka and Maki Shiraki TOKYO, Aug 10 (Reuters) - Japanese executives are increasingly warning that currency swings and a persistently weak yen pose risks to the economy, highlighting concerns that triggered last week's joint Japan-U.S. intervention to support the currency. Their comments underscore growing... Read More.

The Media Line: 5 Months Without Ships: What the Hormuz Closure Costs the Arab Side of the Strait

Monday, August 10 by SRN News

5 Months Without Ships: What the Hormuz Closure Costs the Arab Side of the Strait Qatar, Kuwait, and Bahrain have no way to get their oil and gas out except through the Strait. An oil producer normally earns more when prices rise, not if it... Read More.

Dollar near two-month trough as US inflation data awaited

Monday, August 10 by SRN News

By Jiaxing Li HONG KONG, Aug 10 (Reuters) - The U.S. dollar hovered near a two-month low against major currencies on Monday as investors awaited this week's inflation data for clues on the Federal Reserve's rate path. The euro edged higher to $1.1558, hovering near its... Read More.

Current Weather

Trading platform Plus500 reports higher core profit as US business gains traction

Asian shares track Wall Street gains, while oil prices bounce higher

Chinese users of AI companions bereft after government tightens regulations

Australia’s Treasury Wine takes $394 million charge to revamp US business; shares climb

Westpac reports 20% drop in mortgage applications after Australia scraps tax breaks

Asia stocks gain, oil up amid Gulf confusion

Australian shares dip as Westpac weighs on banks ahead of RBA decision

Japan’s executives call for FX stability as weak yen intensify import-cost pressure

The Media Line: 5 Months Without Ships: What the Hormuz Closure Costs the Arab Side of the Strait

Dollar near two-month trough as US inflation data awaited

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