Business

Japan’s SMFG plans for possible takeover of Jefferies, FT reports

Tuesday, March 24 by SRN News

March 24 (Reuters) - Japan's Sumitomo Mitsui Financial Group is working on plans for a possible takeover of U.S. investment bank Jefferies, the Financial Times reported on Tuesday. Jefferies shares rose 6% in trading in Frankfurt after the FT report. SMFG has tasked a team with... Read More.

Morning Bid: Little relief from Trump

Tuesday, March 24 by SRN News

A look at the day ahead in European and global markets from Rae Wee The relief rally brought about by U.S. President Donald Trump's postponement of a threat to bomb Iran's power grid didn't even last a day. With Tehran denying it had engaged in negotiations... Read More.

Oracle reworks its finance, procurement apps for AI agents

Tuesday, March 24 by SRN News

By Stephen Nellis SAN FRANCISCO, March 23 (Reuters) - Oracle is revamping its cloud-based financial software used by large companies to work with artificial intelligence agents, with a goal of having humans ask the system business questions and letting AI figure out how to find... Read More.

Broadcom flags supply constraints, says TSMC capacity a bottleneck

Tuesday, March 24 by SRN News

By Wen-Yee Lee TAIPEI, March 24 (Reuters) - Chip designer Broadcom said it is seeing supply chain constraints, including capacity limits at its manufacturing partner TSMC, highlighting the ripple effects of soaring demand for AI chips on the broader tech industry. "We are seeing that TSMC... Read More.

Analysis-In Iran fallout, US shares hold up better than global rivals, for now

Tuesday, March 24 by SRN News

By Lewis Krauskopf NEW YORK, March 24 (Reuters) - In the market fallout from the Iran war, U.S. equities have held up better than their counterparts in other global regions, but that relative strength may not shield them from more severe declines should the Middle... Read More.

China positions itself as a stable economic force amid global uncertainty at Beijing forum

Tuesday, March 24 by SRN News

By Casey Hall and Joe Cash SHANGHAI/BEIJING, March 24 (Reuters) - Global corporate executives attending China's flagship annual business conference this week were reassured by leaders of the world's second-largest economy that it remains a predictable anchor at a time of geopolitical flux and global... Read More.

The Latest: Trump raises hopes for war to wind down but no sign of reduced fighting

Tuesday, March 24 by SRN News

Hopes rose that the Iran war could begin winding down as U.S. President Donald Trump claimed that his government was holding productive talks with Tehran, but fighting showed no signs of slowing and Iran denied there were talks. Trump extended his deadline for Iran to... Read More.

European car sales rise modestly in February, Tesla reverses year-long skid

Tuesday, March 24 by SRN News

By Alessandro Parodi March 24 (Reuters) - New car sales in Europe rose in February after falling in January, while sustained demand for electric vehicles helped Elon Musk's all-electric brand Tesla resume growth for the first time since December 2024, official data showed on Tuesday. Overall... Read More.

Large oil refinery explosion near Texas coast forces residents to shelter in place

Tuesday, March 24 by SRN News

PORT ARTHUR, Texas (AP) - A large explosion at an oil refinery near the Texas coast on Monday shot plumes of smoke into the air and forced nearby residents to shelter in place, according to officials. No one was injured in the explosion at the... Read More.

Factbox-Highlights of EU-Australia trade agreement

Tuesday, March 24 by SRN News

SYDNEY, March 24 (Reuters) - The EU and Australia finalised a long-awaited free trade deal on Tuesday as Europe seeks to diversify its export markets and expand ties beyond its traditional partners. Here are the highlights of the agreement: AGRICULTURE Tariffs will go down to zero... Read More.

Current Weather

Japan’s SMFG plans for possible takeover of Jefferies, FT reports

Morning Bid: Little relief from Trump

Oracle reworks its finance, procurement apps for AI agents

Broadcom flags supply constraints, says TSMC capacity a bottleneck

Analysis-In Iran fallout, US shares hold up better than global rivals, for now

China positions itself as a stable economic force amid global uncertainty at Beijing forum

The Latest: Trump raises hopes for war to wind down but no sign of reduced fighting

European car sales rise modestly in February, Tesla reverses year-long skid

Large oil refinery explosion near Texas coast forces residents to shelter in place

Factbox-Highlights of EU-Australia trade agreement

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