Business

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.

Analysis-How the hard reality of climate change hit Europe’s economy this summer

Monday, August 10 by SRN News

By Balazs Koranyi FRANKFURT, Aug 10 (Reuters) - For anyone in Europe who still thought climate change was a problem for future generations, this summer's sweltering heatwaves have brought home the reality that its costly and life-altering economic impacts have already arrived. Record heat and... Read More.

Morning Bid: Suddenly the Strait of Hormuz is ‘irrelevant’ to the US

Monday, August 10 by SRN News

Aug 10 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Asian stocks are mostly firmer, following Friday's Wall Street rally, though European share futures are off as oil rises amid much confusion over the Strait of Hormuz. Treasury... Read More.

Oil rises as uncertainty continues over reopening of Strait

Sunday, August 9 by SRN News

PERTH, Aug 10 (Reuters) - Oil prices rose on Monday as uncertainty continued over the reopening of the Strait of Hormuz as Iran said a deal with Oman defining new shipping lanes was in its final stages, but the U.S. must still meet other... Read More.

Israel rejects Trump’s Gaza plan, more details emerge on the Strait of Hormuz and other Mideast news

Sunday, August 9 by SRN News

(AP) - Israel has rejected a proposed Gaza deal announced by President Donald Trump, drawing a clear line in the sand: Israel will not pull back until Hamas is genuinely disarmed. At a Cabinet meeting, Prime Minister Benjamin Netanyahu dismissed what he called the... Read More.

Apple tests China’s CXMT memory chips for iPhones and MacBooks, WSJ reports

Sunday, August 9 by SRN News

Aug 9 (Reuters) - Apple has been testing memory chips from China's CXMT across product lines including iPhones and MacBooks, to mitigate a component shortage fueled by the AI boom, the Wall Street Journal reported on Sunday. Apple held early talks with CXMT, which is... Read More.

‘Spider-Man: Brand New Day’ keeps record pace, ‘The Odyssey’ sets new high for Nolan

Sunday, August 9 by SRN News

NEW YORK (AP) - "Spider-Man: Brand New Day" continued its blistering pace in theaters, collecting $144.5 million domestically over its second weekend, according to studio estimates Sunday, while Christopher Nolan's "The Odyssey" set a new high for the director. The Sony-Marvel release has accrued... Read More.

Yemen’s Houthis claim attack on Aramco oil facility in Saudi Arabia, and other Middle East news

Sunday, August 9 by SRN News

Yemen's Houthis said they attacked an oil facility Sunday in southwestern Saudi Arabia, the latest attack by the Iranian-backed rebels on the kingdom. They also attacked a crucial port on the Red Sea, further escalating the conflict over strategic waterways. Meanwhile, Iran has made... Read More.

India’s Maruti sees passenger vehicle market rising to up to 6.3 million units by 2031

Sunday, August 9 by SRN News

NEW DELHI, Aug 9 (Reuters) - India's largest carmaker, Maruti Suzuki India expects the domestic passenger vehicle market to grow to 6.1 million-6.3 million units by fiscal year 2030-31, driven by a revival in demand for small cars and a stronger sport utility vehicle... Read More.

Current Weather

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

Analysis-How the hard reality of climate change hit Europe’s economy this summer

Morning Bid: Suddenly the Strait of Hormuz is ‘irrelevant’ to the US

Oil rises as uncertainty continues over reopening of Strait

Israel rejects Trump’s Gaza plan, more details emerge on the Strait of Hormuz and other Mideast news

Apple tests China’s CXMT memory chips for iPhones and MacBooks, WSJ reports

‘Spider-Man: Brand New Day’ keeps record pace, ‘The Odyssey’ sets new high for Nolan

Yemen’s Houthis claim attack on Aramco oil facility in Saudi Arabia, and other Middle East news

India’s Maruti sees passenger vehicle market rising to up to 6.3 million units by 2031

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