Business

Standard Chartered ‘overweights’ Asia ex-Japan; favours Taiwan, China on AI, earnings

Monday, June 22 by SRN News

By Yantoultra Ngui SINGAPORE, June 22 (Reuters) - Standard Chartered said on Monday it favours Asia ex-Japan equities, particularly Taiwan and China, as strong earnings prospects, AI-driven investment and easing oil-supply concerns support the region. Here are a few takeaways: • At a briefing in Singapore, senior... Read More.

Wall St futures muted as investors monitor US-Iran negotiations

Monday, June 22 by SRN News

June 22 (Reuters) - U.S. stock index futures started the week on a subdued note, after Friday's public holiday, with investors monitoring developments in U.S.-Iran talks following a tense start. Oil prices fell as much as 2% as the first round of talks concluded, with... Read More.

This upstart launched 35 ETFs in a day – and doesn’t plan to slow down

Monday, June 22 by SRN News

By Suzanne McGee PROVIDENCE, RHODE ISLAND, June 22 (Reuters) - It took more than a decade for BlackRock, the world's largest issuer of exchange-traded funds, to launch its first 300 products. Corgi Investments, the venture-capital-based asset manager, plans to repeat that feat in less than a... Read More.

Germany plans to take 40% in Leopard tank maker KNDS, joining France as stakeholder

Monday, June 22 by SRN News

BERLIN (AP) - The German government said Monday that it intends to take a 40% stake in defense contractor KNDS, whose products include Leopard and Leclerc tanks, as it tries to strengthen European production along with NATO ally France. The French state already has a... Read More.

Analysis-US curbs on AI spur European firms to spread the risk

Monday, June 22 by SRN News

By Leo Marchandon PARIS, June 22 (Reuters) - Limits on access to some U.S. artificial intelligence services are pushing major European companies to speed up spreading risk across multiple providers and reinforcing the need for more domestic alternatives. Recent restrictions include the U.S. government ordering San... Read More.

Morning Bid: Seventh in a decade

Monday, June 22 by SRN News

By Mike Dolan June 22 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Hopes for a gentle off-ramp to the U.S.-Iran war were always a bit optimistic despite last week's release of a memorandum of understanding, and fresh... Read More.

Ferrari denies making access to limited edition models conditional on Luce EV purchase

Monday, June 22 by SRN News

MILAN, June 22 (Reuters) - Ferrari is not forcing clients to buy its divisive Luce electric car to qualify for the purchase of the luxury carmaker's next limited-series models, Chief Marketing and Commercial Officer Enrico Galliera said. In a product presentation late last week Galliera... Read More.

Elon Musk-led SpaceX’s first week as a public company sparks market mania

Monday, June 22 by SRN News

June 22 (Reuters) - SpaceX's record-breaking IPO fueled a trading frenzy in its first week as a public company, with its shares surging as retail investors and options traders rushed to bet on the Elon Musk-steered rockets-to-AI firm. Its shares have jumped nearly 40% from... Read More.

Asian stocks rise on AI-driven gains, currencies slip on peace deal concerns

Monday, June 22 by SRN News

By Rajasik Mukherjee June 22 (Reuters) - Most emerging Asian stocks gained footing on Monday, led by strong gains in Taiwan and South Korea, while currencies in the region struggled as uncertainty around the ongoing U.S.-Iran peace deal clouded investor sentiment. The MSCI EM Asia gauge... Read More.

EasyJet rejects $6.3 billion bid as Castlelake makes plans public

Monday, June 22 by SRN News

By Yamini Kalia June 22 (Reuters) - Castlelake made public its £4.74 billion ($6.26 billion) takeover plan for easyJet on Monday, ramping up pressure on the board of the budget airline, which promptly rejected it as "opportunistic" and not in the best interests of shareholders. Minneapolis-based... Read More.

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Current Weather

Standard Chartered ‘overweights’ Asia ex-Japan; favours Taiwan, China on AI, earnings

Wall St futures muted as investors monitor US-Iran negotiations

This upstart launched 35 ETFs in a day – and doesn’t plan to slow down

Germany plans to take 40% in Leopard tank maker KNDS, joining France as stakeholder

Analysis-US curbs on AI spur European firms to spread the risk

Morning Bid: Seventh in a decade

Ferrari denies making access to limited edition models conditional on Luce EV purchase

Elon Musk-led SpaceX’s first week as a public company sparks market mania

Asian stocks rise on AI-driven gains, currencies slip on peace deal concerns

EasyJet rejects $6.3 billion bid as Castlelake makes plans public

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