Business

Yen pinned near 40-year low in test of Tokyo’s intervention resolve

Monday, July 6 by SRN News

By Rae Wee SINGAPORE, July 7 (Reuters) - The yen weakened anew on Tuesday as traders grew emboldened to push the currency lower with no sign yet of intervention by Japanese authorities, though the risk of a surprise yen-buying move by Tokyo kept losses in... Read More.

Australian shares little changed as gold miners, consumer stocks drag

Monday, July 6 by SRN News

July 7 (Reuters) - Australian shares were little changed on Tuesday as losses in gold, mining and consumer stocks countered gains in banks and tech stocks, while software heavyweight WiseTech Global jumped to its highest in near three weeks after naming a new chair. The... Read More.

Analysis-China breaks step with global markets, and investors buy in

Monday, July 6 by SRN News

By Tom Westbrook and Laura Matthews SINGAPORE/NEW YORK, July 7 (Reuters) - Investor thinking on Chinese assets is changing, as steady returns through the turbulence of the Iran war and AI frenzy show how China has broken step with global markets, carving it a niche... Read More.

Stocks ease despite upbeat Samsung forecast, yen languishes

Monday, July 6 by SRN News

By Satoshi Sugiyama TOKYO, July 7 (Reuters) - Asian stocks drifted lower on Tuesday, even after South Korea's Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation. Samsung Electronics, the world's largest memory... Read More.

Australia’s WiseTech co-founder Richard White steps down as executive chair

Monday, July 6 by SRN News

July 7 (Reuters) - Australia's WiseTech Global said on Tuesday that co-founder Richard White would step down as executive chair, effective immediately, while Raelene Murphy had been appointed independent chair. Murphy, who joined the logistics software provider's board at the start of the year, was... Read More.

Corporate Japan’s rare-earth warnings get louder as China keeps the spigot closed

Monday, July 6 by SRN News

By Satoshi Sugiyama and Hina Suzuki TOKYO, July 7 (Reuters) - A shortage of critical minerals is starting to affect the broader Japanese economy, adding a sense of urgency for Prime Minister Sanae Takaichi's government to find alternatives to exports that China has cut off,... Read More.

Big US banks explore Fiserv network deal, WSJ reports

Monday, July 6 by SRN News

July 6 (Reuters) - U.S. banks including JPMorgan and Bank of America have in recent months held preliminary discussions about a deal to acquire a network owned by the financial-technology company Fiserv, the Wall Street Journal reported on Monday, citing sources. The report sent Fiserv's... Read More.

Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico

Monday, July 6 by SRN News

By David Shepardson WASHINGTON, July 6 (Reuters) - Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from Mexico. The Japanese automaker said the new 2.5-million-square-foot building will be... Read More.

United Airlines must face lawsuit over ‘window seats’ that lack windows

Monday, July 6 by SRN News

By Jonathan Stempel July 6 (Reuters) - A federal judge on Monday rejected United Airlines' bid to dismiss a lawsuit by passengers who complained they paid extra money to sit in window seats, only to discover their seats had no windows. U.S. District Judge James Donato... Read More.

Trump says Walmart will lower prices on ground beef, other items

Monday, July 6 by SRN News

By Tom Polansek July 6 (Reuters) - President Donald Trump said on Monday that Walmart would lower prices on many products, including ground beef, after a request from his administration. The retailer said customers would save on items including meat, produce and soda at its Walmart... Read More.

Current Weather

Yen pinned near 40-year low in test of Tokyo’s intervention resolve

Australian shares little changed as gold miners, consumer stocks drag

Analysis-China breaks step with global markets, and investors buy in

Stocks ease despite upbeat Samsung forecast, yen languishes

Australia’s WiseTech co-founder Richard White steps down as executive chair

Corporate Japan’s rare-earth warnings get louder as China keeps the spigot closed

Big US banks explore Fiserv network deal, WSJ reports

Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico

United Airlines must face lawsuit over ‘window seats’ that lack windows

Trump says Walmart will lower prices on ground beef, other items

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