Business

Global energy stocks plunge as US-Iran ceasefire hits oil

Wednesday, April 8 by SRN News

April 8 (Reuters) - U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into oil prices due to fears of supply disruption through the Strait of Hormuz. Oil fell below $100... Read More.

Aerospace parts maker Arxis targets $11.2 billion valuation in US IPO

Wednesday, April 8 by SRN News

April 8 (Reuters) - Arxis is targeting a valuation of up to $11.2 billion in its U.S. initial public offering, the aerospace components maker said on Wednesday, as defense tech companies take center stage in the listings market amid geopolitical turmoil. The Bloomfield, Connecticut-based company,... Read More.

Asian stocks exodus fuels largest emerging market outflows since 2020, IIF data shows

Wednesday, April 8 by SRN News

By Libby George LONDON, April 8 (Reuters) - Foreign investors pulled $70.3 billion from emerging market assets in March, the biggest outflow since the pandemic rout in March 2020, data from a global banking trade group showed on Wednesday. Outflows from emerging equities, especially in Asia,... Read More.

Takeaways from AP’s story on how oil drilling is fueling a migrant surge in Brazil’s Amazon

Wednesday, April 8 by SRN News

OIAPOQUE, Brazil (AP) - Oiapoque, a remote city in Brazil's northern state of Amapa, is already experiencing several impacts from an anticipated oil-driven economic boom. Since Petrobras, the country's state oil company, began exploratory drilling off the coast of the Amazon rainforest, thousands of... Read More.

Shell flags lower gas output, capital outflow amid Iran conflict but sees oil trading boost

Wednesday, April 8 by SRN News

By Stephanie Kelly and Shadia Nasralla LONDON, April 8 (Reuters) - Shell said on Wednesday that weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil trading, offering an early glimpse into how the U.S.-Israeli war on Iran... Read More.

Ackman’s UMG bid sees analysts split on Bolloré’s next move

Wednesday, April 8 by SRN News

By Mateusz Rabiega and Leo Marchandon April 8 (Reuters) - Market analysts are split over whether Universal Music Group's top stakeholders will support billionaire Bill Ackman's Pershing Square proposed $64 billion takeover of the music label. For analysts, French tycoon Vincent Bolloré's next move is critical... Read More.

FedEx Freight targets up to 12% operating profit growth ahead of spinoff

Wednesday, April 8 by SRN News

April 8 (Reuters) - FedEx Freight set a compounded operating income growth target of 10% to 12% for the medium term, ahead of the freight trucking giant's first-ever investor day on Wednesday. The freight trucking arm of FedEx will be spun off from the delivery... Read More.

The new Trump trades: how investors are navigating Iran shocks

Wednesday, April 8 by SRN News

By Naomi Rovnick LONDON, April 8 (Reuters) - Investors are piecing together a new "Trump trade" playbook for navigating market uncertainty, ranging from whether a U.S.-Iran ceasefire will hold to oil prices staying high for longer. With global inflation and interest rates increasingly tough to predict... Read More.

In an uncertain environment for corporate giving, Liberty Mutual Foundation launches $600M endowment

Wednesday, April 8 by SRN News

NEW YORK (AP) - Corporate foundations' philanthropic commitments were called into question this past year as tariff-driven uncertainty, rising costs and tax law changes prompted many companies to reconsider their charitable strategies. Nonprofits received a reassuring answer this week, however, from the century-old, Boston-based Liberty... Read More.

‘I’m going there.’ Oil drilling fuels a migrant surge in isolated city in Brazil’s Amazon

Wednesday, April 8 by SRN News

OIAPOQUE, Brazil (AP) - On a recent morning, Reginaldo Nunes Fonseca smoked cigarettes from the porch of his friend's wooden shack, watching the rain come down hard in an area now known as Nova Conquista - New Conquest - where pristine rainforest in Brazil's... Read More.

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Global energy stocks plunge as US-Iran ceasefire hits oil

Aerospace parts maker Arxis targets $11.2 billion valuation in US IPO

Asian stocks exodus fuels largest emerging market outflows since 2020, IIF data shows

Takeaways from AP’s story on how oil drilling is fueling a migrant surge in Brazil’s Amazon

Shell flags lower gas output, capital outflow amid Iran conflict but sees oil trading boost

Ackman’s UMG bid sees analysts split on Bolloré’s next move

FedEx Freight targets up to 12% operating profit growth ahead of spinoff

The new Trump trades: how investors are navigating Iran shocks

In an uncertain environment for corporate giving, Liberty Mutual Foundation launches $600M endowment

‘I’m going there.’ Oil drilling fuels a migrant surge in isolated city in Brazil’s Amazon

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