Business

Chinese investment in Brazil pivots from power dams to ice cream, courting consumers

Saturday, April 11 by SRN News

By Luciana Magalhaes SAO PAULO, April 11 (Reuters) - For Chinese ice cream and beverage chain Mixue, which already has more stores than Starbucks or McDonald's, a cheerful snowman mascot on Sao Paulo's most famous avenue signals a new phase of its global expansion. Mixue's first... Read More.

The myrrh tree that’s key to luxury perfumes and African incomes is threatened by drought

Saturday, April 11 by SRN News

AFCADDE, Ethiopia (AP) - The critical note in some of the world's most well-known perfumes is myrrh, a tree resin from the Horn of Africa that is under pressure from what experts call a historic drought. Threatened by the lack of water and nibbled by... Read More.

Japan approves additional $4 billion for chipmaker Rapidus

Saturday, April 11 by SRN News

TOKYO, April 11 (Reuters) - Japan's industry ministry said on Saturday it has approved an additional 631.5 billion yen ($3.96 billion) to accelerate research and development at chipmaker Rapidus. The support is part of the government's efforts to boost domestic production of advanced semiconductors and... Read More.

Tribal gas stations offer a reprieve from high prices during Iran war

Saturday, April 11 by SRN News

FORT COLLINS, Colo. (AP) - Junelle Lewis was on the hunt for a reprieve from Seattle-area gas prices driven high by the Iran war when an app on her phone gave her the answer: the Tulalip Reservation north of the city, almost half an... Read More.

Exclusive-Third Point won’t run proxy fight at CoStar, exits position, letter says

Saturday, April 11 by SRN News

By Svea Herbst-Bayliss NEW YORK, April 10 (Reuters) - Billionaire investor Daniel Loeb's hedge fund Third Point will not pursue a proxy fight at real estate data company CoStar Group and sold its entire stake in the owner of Apartments.com and Homes.com, according to sources... Read More.

Fed asks about US banks’ exposure to private credit firms, Bloomberg reports

Saturday, April 11 by SRN News

April 10 (Reuters) - The Federal Reserve is asking major U.S. banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in the industry, Bloomberg News reported on Friday, citing people... Read More.

Middle East war to cut growth, deliver cascading impact, World Bank chief says

Saturday, April 11 by SRN News

By Andrea Shalal WASHINGTON, April 10 (Reuters) - The war in the Middle East will have a cascading impact on the global economy, even if a ceasefire announced by U.S. President Donald Trump takes hold, World Bank President Ajay Banga told Reuters in an interview... Read More.

Wall Street creates new credit-default swap index to bet against private credit

Saturday, April 11 by SRN News

April 10 (Reuters) - S&P Dow Jones Indices is launching a new credit-default swap index linked to the private credit market, giving investors a tool to bet against a sector that has faced turbulence in the last few months. The CDX Financials index includes a... Read More.

Eric Swider resigns from Trump Media board

Saturday, April 11 by SRN News

April 10 (Reuters) - Trump Media & Technology Group said on Friday that Eric Swider, a key figure in the company's public listing, had resigned from its board. Swider was the CEO of the blank-check acquisition company behind Trump Media's public listing in 2024,... Read More.

Judge bars Arizona from regulating prediction market operators and pauses prosecution of Kalshi

Saturday, April 11 by SRN News

PHOENIX (AP) - A federal judge on Friday temporarily barred Arizona from enforcing its gambling laws against predictive market operators in a lawsuit filed by the Trump administration after state prosecutors filed criminal charges that alleged Kalshi is running an illegal gambling operation there. The... Read More.

Current Weather

Chinese investment in Brazil pivots from power dams to ice cream, courting consumers

The myrrh tree that’s key to luxury perfumes and African incomes is threatened by drought

Japan approves additional $4 billion for chipmaker Rapidus

Tribal gas stations offer a reprieve from high prices during Iran war

Exclusive-Third Point won’t run proxy fight at CoStar, exits position, letter says

Fed asks about US banks’ exposure to private credit firms, Bloomberg reports

Middle East war to cut growth, deliver cascading impact, World Bank chief says

Wall Street creates new credit-default swap index to bet against private credit

Eric Swider resigns from Trump Media board

Judge bars Arizona from regulating prediction market operators and pauses prosecution of Kalshi

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