Business

Morning Bid: Blockade takes its toll

Monday, April 13 by SRN News

By Mike Dolan April 13 - What matters in U.S. and global markets today By Mike Dolan https://www.reuters.com/authors/mike-dolan/, Editor-at-Large, Finance and Markets Oil prices zoomed back above https://www.reuters.com/business/energy/oil-bounces-back-above-100-after-us-iran-talks-end-stalemate-2026-04-12/ $100 a barrel and global stocks were shaky https://www.reuters.com/world/china/global-markets-wrapup-1-2026-04-12/ on Monday as U.S. President Donald Trump sought to... Read More.

Baker Hughes sells Waygate unit to Hexagon for about $1.45 billion

Monday, April 13 by SRN News

April 13 (Reuters) - Oilfield services provider Baker Hughes sold its Waygate Technologies unit to Swedish industrial technology group Hexagon for about $1.45 billion in cash, the two companies said on Monday. The deal comes as Baker Hughes attempts to reshape itself to adapt... Read More.

Chinese AI startup StepFun to unwind offshore structure to pave way for IPO, sources say

Monday, April 13 by SRN News

HONG KONG, April 13 (Reuters) - Chinese AI agent StepFun is unwinding its offshore incorporation structure to pave the way for a planned Hong Kong initial public offering, three sources said, as Beijing tightens scrutiny of a system widely used for overseas fundraising. China's... Read More.

UK fintech firm Wise’s quarterly cross-border volumes surge ahead of Nasdaq debut

Monday, April 13 by SRN News

April 13 (Reuters) - British fintech group Wise said on Monday cross-border transaction volumes rose 26% in the fourth quarter to 49.4 billion pounds ($66.2 billion), reinforcing its expectation that annual profit margins will land near the top end of its forecast range. The money... Read More.

World Bank chief sounds alarm about looming jobs crisis even after war ends

Monday, April 13 by SRN News

By Andrea Shalal WASHINGTON, April 13 (Reuters) - The Middle East war will dominate global finance officials' talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm about a bigger, looming crisis: a huge gap in jobs for the 1.2... Read More.

Exclusive-Luxury brands face profits squeeze as Iran conflict shrinks Dubai Mall sales

Monday, April 13 by SRN News

By Tassilo Hummel and Helen Reid PARIS, April 13 (Reuters) - Sales at Europe's biggest luxury brands have shrunk in Dubai and Abu Dhabi as the Iran conflict https://www.reuters.com/world/iran/ hit the sector's fastest-growing market in the latest setback for the $400 billion industry whose value... Read More.

China’s exports set to lose momentum as Iran war undercuts AI-driven boom: Reuters poll

Monday, April 13 by SRN News

BEIJING, April 13 (Reuters) - China's export engine likely slowed in March as buyers chasing an AI-fuelled future confront the hard reality of war https://www.reuters.com/world/iran/ in the Middle East, which has sparked an energy shock and revived market anxiety of past Gulf conflicts. Exports... Read More.

An underwater bus in Havana becomes the ride that matters during Cuba’s fuel crisis

Monday, April 13 by SRN News

HAVANA (AP) - On a recent sweltering afternoon in the Cuban capital, dozens of commuters on bicycles, scooters and electric motorcycles gathered in a tidy row at the entrance of the Havana Bay Tunnel. They were waiting for the Ciclobús, a bus specially fitted... Read More.

Iran war’s global energy crisis sharpens China’s advantage in clean tech

Monday, April 13 by SRN News

HONG KONG (AP) - China is poised to benefit from the Iran war as global energy disruptions accelerate a shift away from fossil fuels and toward clean technologies and renewable power, industries that China dominates. Most of the oil and gas from the now mostly... Read More.

TSMC likely to book fourth straight quarter of record profit on insatiable AI demand

Monday, April 13 by SRN News

By Wen-Yee Lee and Ben Blanchard TAIPEI, April 13 (Reuters) - TSMC, the world's largest manufacturer of advanced artificial intelligence chips, will likely notch up a fourth consecutive quarter of record earnings with a 50% surge in net profit for January-March thanks to booming demand... Read More.

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Current Weather

Morning Bid: Blockade takes its toll

Baker Hughes sells Waygate unit to Hexagon for about $1.45 billion

Chinese AI startup StepFun to unwind offshore structure to pave way for IPO, sources say

UK fintech firm Wise’s quarterly cross-border volumes surge ahead of Nasdaq debut

World Bank chief sounds alarm about looming jobs crisis even after war ends

Exclusive-Luxury brands face profits squeeze as Iran conflict shrinks Dubai Mall sales

China’s exports set to lose momentum as Iran war undercuts AI-driven boom: Reuters poll

An underwater bus in Havana becomes the ride that matters during Cuba’s fuel crisis

Iran war’s global energy crisis sharpens China’s advantage in clean tech

TSMC likely to book fourth straight quarter of record profit on insatiable AI demand

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