Business

Gunmen kill more than 70 in South Sudan after a dispute at a gold mine

Monday, March 30 by SRN News

JUBA, South Sudan (AP) - Gunmen killed more than 70 people in South Sudan over a gold mining row on the outskirts of the capital over the weekend, a police spokesperson confirmed on Monday. A video of dozens of bodies lying on open ground was... Read More.

US food giant Sysco strikes $29 billion deal for catering supplier Restaurant Depot

Monday, March 30 by SRN News

By Neil J Kanatt March 30 (Reuters) - Sysco said on Monday it would buy catering supplier Jetro Restaurant Depot in a $29  billion deal, including debt, expanding the top U.S. food distributor's reach among price-conscious independent restaurants. Shares of Sysco, which has a market capitalization... Read More.

Starbucks investors reelect full board, rejecting labor-backed challenge

Monday, March 30 by SRN News

By Waylon Cunningham and Juveria Tabassum March 30 (Reuters) - In a triumph for Starbucks' board of directors over a coalition of labor-focused shareholder groups, investors this week overwhelmingly reelected two directors accused by the groups of turning a blind eye to risky labor relations.... Read More.

BOJ highlights inflationary pressure from oil, weak yen

Monday, March 30 by SRN News

By Leika Kihara TOKYO, March 30 (Reuters) - Japan's underlying inflation rate may face stronger upward pressure from rising oil prices and the yen's declines than in the past as firms have become more active in hiking prices, the Bank of Japan said on Monday. The... Read More.

Morgan Stanley downgrades global equities; sees US as ‘defensive’ market amid Mideast conflict

Monday, March 30 by SRN News

March 30 (Reuters) - Morgan Stanley downgraded global equities and upgraded cash and U.S. government bonds, as investors shun risk in favor of safe-haven assets due to mounting uncertainty stemming from the Middle East war. The Wall Street brokerage cut its rating on global equities... Read More.

War disrupts life on the Iraq‑Iran border, isolating families and halting trade

Monday, March 30 by SRN News

HALABJA, Iraq (AP) - To speak with his mother inside Iran, Yaser Fattahi waits in self-exile in Iraq for brief calls arranged by a cousin back home who travels close to the border between the neighboring countries where he can pick up a signal... Read More.

US menus change as Trump’s tariffs hit wine prices

Monday, March 30 by SRN News

By Emma Rumney and Waylon Cunningham LONDON/NEW YORK, March 30 (Reuters) - Certain champagne and cremant brands that were once wine menu staples are on the chopping block at restaurants and bars owned by New York-based Kent Hospitality Group, says wine director Kristen Goceljak. Tariffs... Read More.

Analysis-Airlines face fare dilemma as fuel spike threatens travel demand

Monday, March 30 by SRN News

By Rushil Dutta, Sameer Manekar and Yadarisa Shabong March 30 (Reuters) - Global airlines have begun to hike fares and cut capacity to cope with the sudden surge in the oil price, but the industry's ability to remain profitable may depend on whether consumers pull... Read More.

China’s factory activity seen returning to expansion in March: Reuters poll

Monday, March 30 by SRN News

BEIJING, March 30 (Reuters) - China's factory activity likely expanded in March - snapping a two-month contraction - amid strong momentum in goods exports, although supply chain shocks from the Iran war cloud the outlook. A Reuters poll of 28 economists projected that the official... Read More.

US consumers, importers take biggest hit from tariffs, ECB study finds

Monday, March 30 by SRN News

FRANKFURT, March 30 (Reuters) - U.S. consumers and importers take the vast majority of the financial hit from tariffs but trade volumes also suffer, resulting in a negative shock for exporters, too, a European Central Bank Economic Bulletin article said on Monday. The U.S. imposed... Read More.

Current Weather

Gunmen kill more than 70 in South Sudan after a dispute at a gold mine

US food giant Sysco strikes $29 billion deal for catering supplier Restaurant Depot

Starbucks investors reelect full board, rejecting labor-backed challenge

BOJ highlights inflationary pressure from oil, weak yen

Morgan Stanley downgrades global equities; sees US as ‘defensive’ market amid Mideast conflict

War disrupts life on the Iraq‑Iran border, isolating families and halting trade

US menus change as Trump’s tariffs hit wine prices

Analysis-Airlines face fare dilemma as fuel spike threatens travel demand

China’s factory activity seen returning to expansion in March: Reuters poll

US consumers, importers take biggest hit from tariffs, ECB study finds

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