Business

Morning Bid: AI trade gets its Muse

Tuesday, September 22 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee Investor enthusiasm for the AI trade is well and truly back after a strong reception to Meta Platforms' Muse assistant since its US launch revived optimism, while stalling oil prices also... Read More.

Oil rises slightly ahead of potential US-Iran talks

Tuesday, September 22 by SRN News

Sept 22 (Reuters) - Oil prices gained for the first time in five sessions on Tuesday as investors awaited developments on potential US-Iran talks at the United Nations General Assembly this week after more supplies emerged through the Strait of Hormuz over the weekend. The... Read More.

China’s offshore trust tax crackdown could impact single stocks, BofA says

Tuesday, September 22 by SRN News

HONG KONG, Sept 22 (Reuters) - China's new rule to chase income tax on offshore trusts, a popular structure adopted by many Hong Kong and US-listed Chinese companies' shareholders, could pose short-term risks on certain shares as payment deadline approaches, according to BofA Securities... Read More.

Asian benchmarks mostly rise after Wall Street’s rally

Tuesday, September 22 by SRN News

TOKYO (AP) - Asian shares mostly rose early Tuesday, as the market mood turned positive from the overnight rally on Wall Street. Australia's S&P/ASX 200 added 02% in early trading to 8,748.20. South Korea's Kospi jumped 1.6% to 7,120.25. Hong Kong's Hang Seng gained... Read More.

Trump and Xi see tensions flare over AI, trade and Iran but still seek stability

Tuesday, September 22 by SRN News

WASHINGTON (AP) - State visits usually occur when two countries are on warm terms, but U.S. President Donald Trump is hosting Chinese leader Xi Jinping in Washington this week as their economic and tech competition is only escalating, especially through an artificial intelligence race. Neither... Read More.

Worsening El Nino threatens Asia with drought, potentially raising food prices globally

Tuesday, September 22 by SRN News

BANTEN, Indonesia (AP) - All signs are pointing toward a record-breaking El Nino this year, which experts say may cause severe drought in Asia and other extreme weather across the world, threatening food security for millions of people. El Nino is part of a... Read More.

Canada aims to cut time needed for project reviews, and address strikes

Monday, September 21 by SRN News

By David Ljunggren and Amanda Stephenson OTTAWA/CALGARY, Sept 21 (Reuters) - Canada on Monday unveiled draft legislation that would speed up the approval process for major natural resource projects, a goal Prime Minister Mark Carney says is necessary to help deal with US tariffs. The bill... Read More.

Analysis-Porsche’s decline from crown jewel to millstone for parent Volkswagen

Monday, September 21 by SRN News

By Rachel More, Christoph Steitz and Christina Amann BERLIN/FRANKFURT, Sept 21 (Reuters) - Long Volkswagen's most reliable profit driver, luxury sports car maker Porsche has become its biggest problem, creating a road bump for CEO Oliver Blume's restructuring plans at Europe's biggest carmaker. Less than four... Read More.

Yen squeezed as hawkish turn grips central banks

Monday, September 21 by SRN News

By Tom Westbrook SINGAPORE, Sept 22 (Reuters) - The yen was under pressure from a firm dollar on Tuesday as traders wagered on policymakers in Japan struggling to keep up with a hawkish turn by global central banks, leaving the country's interest rates at a... Read More.

Fulfilling earlier US-China agreements is a work in progress as Trump and Xi meet again

Monday, September 21 by SRN News

BEIJING (AP) - The U.S. and China have made uneven progress in fulfilling the trade commitments announced after their two leaders met in Beijing in May. As U.S. President Donald Trump and Chinese leader Xi Jinping sit down in Washington this week, the question is... Read More.

Current Weather

Morning Bid: AI trade gets its Muse

Oil rises slightly ahead of potential US-Iran talks

China’s offshore trust tax crackdown could impact single stocks, BofA says

Asian benchmarks mostly rise after Wall Street’s rally

Trump and Xi see tensions flare over AI, trade and Iran but still seek stability

Worsening El Nino threatens Asia with drought, potentially raising food prices globally

Canada aims to cut time needed for project reviews, and address strikes

Analysis-Porsche’s decline from crown jewel to millstone for parent Volkswagen

Yen squeezed as hawkish turn grips central banks

Fulfilling earlier US-China agreements is a work in progress as Trump and Xi meet again

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