Business

Major beef exporters near China quota caps, clouding second-half trade, report says

Friday, June 26 by SRN News

By Kylie Madry June 26 (Reuters) - Australia has already filled its annual beef quota for China and Brazil is close behind, potentially pushing two of the world's largest exporters out of the Chinese market for the rest of 2026, according to a Friday report... Read More.

Exclusive-China’s Geely to ship first Lotus EVs to Canada in July under Carney-Xi deal, ambassador says

Friday, June 26 by SRN News

By Promit Mukherjee and Maria Cheng OTTAWA, June 26 (Reuters) - Geely Holding Group's Lotus brand electric vehicles will arrive in Canada next month under an agreement between Prime Minister Mark Carney and Chinese President Xi Jinping, China's ambassador to Canada Wang Di told Reuters... Read More.

Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name

Friday, June 26 by SRN News

NEW YORK (AP) - Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy Friday with fewer stores, less debt, a more focused strategy to pamper the affluent - and a new name. The company... Read More.

Lithium producers bet on battery storage as demand shifts beyond EVs

Friday, June 26 by SRN News

By Ernest Scheyder LAS VEGAS, June 24 (Reuters) - The lithium industry is growing more optimistic about a market recovery as booming demand for battery storage systems helps offset a slowdown in some electric vehicle markets, leading producers told an industry conference this week. While electric... Read More.

Outgoing IMF chief economist sees risks, shifting trade ties and continued uncertainty on global outlook

Friday, June 26 by SRN News

By Andrea Shalal WASHINGTON, June 26 (Reuters) - Strategic petroleum releases helped avert a sharper rise in oil prices as a result of the war in the Middle East, but the global economy faces significant downside risks if a fragile ceasefire between the U.S. and... Read More.

Chevron eyes more deals to power US data centers

Friday, June 26 by SRN News

By Laila Kearney and Sheila Dang NEW YORK, June 26 (Reuters) - Chevron is exploring additional data center deals across the U.S., including the Midwest, Rockies, and Gulf Coast, following its two-decade-long contract to power a Microsoft data center in West Texas, a company executive... Read More.

IMF chief economist says Fed reduction in rate guidance is ‘entirely appropriate’

Friday, June 26 by SRN News

By Andrea Shalal WASHINGTON, June 26 (Reuters) - The International Monetary Fund's chief economist on Friday said Federal Reserve Chair Kevin Warsh's plan to reduce forward rate guidance on monetary policy was "entirely appropriate," although central banks would always need to provide some long-term guidance... Read More.

Trump threatens 100% tariff on any country that imposes digital services tax

Friday, June 26 by SRN News

WASHINGTON, June 26 (Reuters) - U.S. President Donald Trump on Friday threatened to impose a 100% tariff on all goods from any country that imposes a digital services tax on American companies. "Numerous European Countries have been discussing the imminent implementation of a Digital Services... Read More.

US diesel refining economics remain firm despite Iran war truce

Friday, June 26 by SRN News

By Shariq Khan NEW YORK, June 26 (Reuters) - The U.S. diesel futures crack spread, a measure of profitability for refiners, hit a three-week high as analysts said supply tightness for the product is set to persist even after a preliminary deal was reached to... Read More.

IMF chief economist Gourinchas says global economy remains firmly ‘dollar-centered’

Friday, June 26 by SRN News

By Andrea Shalal WASHINGTON, June 26 (Reuters) - Global trade flows and relationships are shifting after U.S. President Donald Trump imposed unilateral tariffs on most countries, but the U.S. dollar continues to anchor international trade, banking and central bank reserves, the International Monetary Fund's chief... Read More.

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Current Weather

Major beef exporters near China quota caps, clouding second-half trade, report says

Exclusive-China’s Geely to ship first Lotus EVs to Canada in July under Carney-Xi deal, ambassador says

Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name

Lithium producers bet on battery storage as demand shifts beyond EVs

Outgoing IMF chief economist sees risks, shifting trade ties and continued uncertainty on global outlook

Chevron eyes more deals to power US data centers

IMF chief economist says Fed reduction in rate guidance is ‘entirely appropriate’

Trump threatens 100% tariff on any country that imposes digital services tax

US diesel refining economics remain firm despite Iran war truce

IMF chief economist Gourinchas says global economy remains firmly ‘dollar-centered’

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