Business

BHP workers to proceed with strike after talks fail, union says

Tuesday, July 14 by SRN News

July 14 (Reuters) - BHP workers and their elected representatives have not reached an agreement, the Combined BHP Ports Union said on Tuesday, adding that the two groups intend to proceed with a protected industrial strike on Thursday, July 16. A further session with the... Read More.

A hidden pipeline brings Amazon and Walmart to African shoppers

Tuesday, July 14 by SRN News

By Jessica Donati DAKAR, July 14 (Reuters) - No bank card? No address? No problem. Shoppers in Africa increasingly are buying online from big brands such as Amazon or Walmart even though they have no physical presence on much of the continent. Among those benefiting from... Read More.

Morning Bid: Fed in the spotlight as Warsh faces Congress

Tuesday, July 14 by SRN News

A look at the day ahead in European and global markets from Gregor Stuart Hunter Asian markets are crumbling and Brent Crude is bubbling around $85 per barrel as U.S. Fed Chair Kevin Warsh prepares to give testimony to Congress over the next two days.... Read More.

Analysis-BMW races to catch up in a Chinese EV market that won’t slow down

Tuesday, July 14 by SRN News

SHANGHAI/BERLIN, July 14 (Reuters) - BMW is betting on its long-awaited Neue Klasse electric cars to revive its fortunes in China after two years of declining sales. The problem for the German automaker is that China's EV race may have already moved on without... Read More.

US attacks Iran and Tehran retaliates across the Middle East as both vie for control of strait

Tuesday, July 14 by SRN News

DUBAI, United Arab Emirates (AP) - The U.S. launched strikes on Iran early Tuesday morning, hours after President Donald Trump said Washington is "reinstating" a blockade on Iran in the Strait of Hormuz. Trump separately suggested the United States will charge other ships for... Read More.

Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz

Tuesday, July 14 by SRN News

By Ishaan Arora and Emily Chow SINGAPORE, July 14 (Reuters) - Oil prices rose nearly 3% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz,... Read More.

Asian stocks drop as oil rises after Trump’s Hormuz levy threat

Tuesday, July 14 by SRN News

By Gregor Stuart Hunter SINGAPORE, July 14 (Reuters) - Stocks fell and oil hit a one-month high in Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee... Read More.

Analysis-Inside South Korea’s world-beating bear market

Tuesday, July 14 by SRN News

By Jihoon Lee, Daewoung Kim and Gregor Stuart Hunter SEOUL, July 14 (Reuters) - When South Korean President Lee Jae Myung set a 5,000-point target for the KOSPI last year, it looked wildly ambitious and needed a market that was going sideways to nearly double. Just... Read More.

China’s June trade tops forecasts buoyed by AI boom

Tuesday, July 14 by SRN News

BEIJING, July 14 (Reuters) - China's exports surged in June, buoyed by demand for chips and data centre computing power to fuel the global AI boom, giving policymakers grappling with how to boost domestic demand in the world's second-largest economy a much-needed buffer. The stronger-than-expected... Read More.

TSMC seen riding AI boom to fifth straight quarter of record profit

Tuesday, July 14 by SRN News

By Wen-Yee Lee and Ben Blanchard TAIPEI, July 14 (Reuters) - TSMC, the world's largest manufacturer of advanced AI chips, will likely notch a fifth consecutive quarter of record earnings, driven by booming AI infrastructure spending. Analysts say demand for Taiwan Semiconductor Manufacturing Co's (TSMC) 3-nanometre... Read More.

Current Weather

BHP workers to proceed with strike after talks fail, union says

A hidden pipeline brings Amazon and Walmart to African shoppers

Morning Bid: Fed in the spotlight as Warsh faces Congress

Analysis-BMW races to catch up in a Chinese EV market that won’t slow down

US attacks Iran and Tehran retaliates across the Middle East as both vie for control of strait

Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz

Asian stocks drop as oil rises after Trump’s Hormuz levy threat

Analysis-Inside South Korea’s world-beating bear market

China’s June trade tops forecasts buoyed by AI boom

TSMC seen riding AI boom to fifth straight quarter of record profit

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