Business

Dollar drops as Trump ceasefire prompts risk-on turn for markets

Wednesday, April 8 by SRN News

By Gregor Stuart Hunter SINGAPORE, April 8 (Reuters) - The dollar sank to its lowest level in two weeks at the start of trading in Asia on Wednesday, while the euro, yen, Aussie and kiwi rallied hard after U.S. President Donald Trump said he had... Read More.

US rebuffs aluminum tariff relief request from Ford, WSJ reports

Wednesday, April 8 by SRN News

April 7 (Reuters) - The U.S. government has so far rebuffed requests from Ford Motor and other U.S. automakers for relief from aluminum tariffs after fires at the Novelis aluminum rolling plant created supply bottlenecks for vehicles, the Wall Street Journal reported on Tuesday.... Read More.

CK Hutchison’s Panama unit files arbitration against Maersk over ports takeover

Wednesday, April 8 by SRN News

PANAMA CITY, April 7 (Reuters) - Hong Kong-based conglomerate CK Hutchison's Panama unit has launched an arbitration against Maersk after the takeover of two strategic ports near the Panama Canal which are at the center of a legal battle that has embroiled Beijing and... Read More.

Oil dives, stocks surge as Trump agrees two-week ceasefire

Wednesday, April 8 by SRN News

SINGAPORE, April 8 (Reuters) - Oil dived, bonds rallied and stocks surged on Wednesday as a two-week ceasefire in the Middle East was seen as paving the way for a lasting peace and resumption of Gulf oil and gas exports. U.S. President Donald Trump said... Read More.

US crude futures fall $12.04 to $100.90/bbl after Trump announces two week ceasefire

Wednesday, April 8 by SRN News

PERTH, April 8 (Reuters) - U.S. West Texas Intermediate crude oil fell more than $12 per barrel in early trade on Wednesday after U.S. President Donald Trump said he had agreed to a ceasefire with Iran. WTI crude dated for May delivery fell $12.04 or... Read More.

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

Tuesday, April 7 by SRN News

By Howard Schneider, Timothy Aeppel, Sarah McFarlane and Sumit Khanna SAN FRANCISCO/AHMEDABAD, India, April 7 (Reuters) - Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian,... Read More.

Levi Strauss lifts annual forecasts as strong demand cushions tariff hit

Tuesday, April 7 by SRN News

By Savyata Mishra April 7 (Reuters) - Levi Strauss on Tuesday raised its annual sales and profit forecasts, banking on resilient demand for its denim across all categories and strength in its direct-to-consumer business to help offset a hit from U.S. tariffs. Shares of the... Read More.

US transportation secretary sees room for airline mergers

Tuesday, April 7 by SRN News

By David Shepardson WASHINGTON, April 7 (Reuters) - U.S. Transportation Secretary Sean Duffy said on Tuesday he thinks there is room for consolidation in the U.S. airline industry but said any potential deal would face close scrutiny on how it would affect consumers. "If there was... Read More.

Fed’s Jefferson sees risks to both employment, inflation

Tuesday, April 7 by SRN News

By Ann Saphir April 7 (Reuters) - Federal Reserve Vice Chair Philip Jefferson on Tuesday reiterated his view that short-term borrowing costs are set appropriately to allow the central bank to respond as needed to the uncertain effects of rising energy prices and the conflict... Read More.

Trading Day: Trump’s Iran deadline looms

Tuesday, April 7 by SRN News

By Jamie McGeever ORLANDO, Florida, April 7 (Reuters) - Wall Street recovered earlier losses to end mostly flat on Tuesday, as traders awaited the deadline later in the evening that U.S. President Donald Trump has given Iran to re-open the Strait of Hormuz and get... Read More.

Current Weather

Dollar drops as Trump ceasefire prompts risk-on turn for markets

US rebuffs aluminum tariff relief request from Ford, WSJ reports

CK Hutchison’s Panama unit files arbitration against Maersk over ports takeover

Oil dives, stocks surge as Trump agrees two-week ceasefire

US crude futures fall $12.04 to $100.90/bbl after Trump announces two week ceasefire

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

Levi Strauss lifts annual forecasts as strong demand cushions tariff hit

US transportation secretary sees room for airline mergers

Fed’s Jefferson sees risks to both employment, inflation

Trading Day: Trump’s Iran deadline looms

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