Business

Photos show boats sitting idle at Mumbai’s historic dock as the Iran war drives up fuel costs

Wednesday, April 8 by SRN News

MUMBAI, India (AP) - Since it was first built in 1875, the Sassoon Dock in India's financial capital of Mumbai has been many things: a gateway for trade with the Persian Gulf, a bustling hub for traders and laborers, as well as a center... Read More.

IATA chief says jet fuel supply could take months to recover after Hormuz reopening

Wednesday, April 8 by SRN News

SINGAPORE, April 8 (Reuters) - The head of a body representing global airlines said on Wednesday that even if Iran reopened the Strait of Hormuz it would take months for jet fuel supply to recover given disruptions to Middle East refining capacity. Oil fell... Read More.

US carmakers accuse EU of blocking supersized pick-up trucks from roads, FT reports

Wednesday, April 8 by SRN News

April 8 (Reuters) - U.S. carmakers have accused Brussels of keeping their largest pick-up trucks, including the Ford F-150, the Chevy Silverado and the Ram 1500, off European roads, the Financial Times reported on Wednesday. In a separate interview with FT, Andrew Puzder, the U.S.... Read More.

China’s Xi urges demand‑driven growth in services sector

Wednesday, April 8 by SRN News

BEIJING, April 8 (Reuters) - China's President Xi Jinping has called for a demand-driven approach coupled with reform and technological empowerment to develop the service sector, the official Xinhua news agency reported on Wednesday. China will expand and upgrade the services sector, cultivate more "China... Read More.

Morning Bid: Two weeks to breathe

Wednesday, April 8 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee A sparkling relief rally across assets will greet Europe after U.S. President Donald Trump and Iran agreed to a two-week ceasefire that could pave the way for the crucial Strait of... Read More.

US, Israel and Iran agree to a 2-week ceasefire as Trump pulls back on his threats

Wednesday, April 8 by SRN News

TEHRAN, Iran (AP) - Iran, the United States and Israel reached a tentative, two-week ceasefire Wednesday in the war that tore across the Middle East and disrupted the global energy market, with U.S. President Donald Trump pulling back from his threats to destroy Iranian... Read More.

Hong Kong firm files arbitration against Maersk, saying it schemed with Panama over port takeover

Wednesday, April 8 by SRN News

HONG KONG (AP) - A subsidiary of a Hong Kong-based conglomerate started arbitration proceedings against Danish logistics and port group Maersk, accusing the company of aligning with Panama in a scheme to take over its port operations on the Central American country's critical canal. The... Read More.

Asian benchmarks jump after oil prices sink in response to the Iran ceasefire

Wednesday, April 8 by SRN News

TOKYO (AP) - Asian shares surged in Wednesday morning trading, as oil prices plunged after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Japan's benchmark Nikkei 225 gained 5.0% to 56,106.18 in early trading.... Read More.

Investor reactions to Trump agreeing to two-week ceasefire with Iran

Wednesday, April 8 by SRN News

April 8 (Reuters) - U.S. President Donald Trump said on Tuesday that he had agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz or face widespread attacks on its civilian infrastructure. Oil... Read More.

Moody’s cuts outlook on Blue Owl fund to negative over surge in redemption requests

Wednesday, April 8 by SRN News

April 7 (Reuters) - Moody's Ratings on Tuesday cut its outlook on a $36 billion Blue Owl fund to negative from stable, citing redemption requests that were "significantly higher" than peers in the first quarter. The action marks the latest response by a ratings agency... Read More.

Current Weather

Photos show boats sitting idle at Mumbai’s historic dock as the Iran war drives up fuel costs

IATA chief says jet fuel supply could take months to recover after Hormuz reopening

US carmakers accuse EU of blocking supersized pick-up trucks from roads, FT reports

China’s Xi urges demand‑driven growth in services sector

Morning Bid: Two weeks to breathe

US, Israel and Iran agree to a 2-week ceasefire as Trump pulls back on his threats

Hong Kong firm files arbitration against Maersk, saying it schemed with Panama over port takeover

Asian benchmarks jump after oil prices sink in response to the Iran ceasefire

Investor reactions to Trump agreeing to two-week ceasefire with Iran

Moody’s cuts outlook on Blue Owl fund to negative over surge in redemption requests

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