Business

Analysis-Hopes give way to selling as investors brace for longer Middle East war

Monday, March 23 by SRN News

By Ankur Banerjee, Jiaxing Li and Rae Wee SINGAPORE, March 23 (Reuters) - Investors losing hope for a quick resolution of the Middle East war are scrambling to cushion portfolios against prolonged strife and a bigger oil shock, as they seek shelter in cash and... Read More.

Hedge funds bet against U.S. stocks and turn to Europe, Goldman Sachs says

Monday, March 23 by SRN News

By Nell Mackenzie LONDON, March 23 (Reuters) - Hedge funds last week piled into bets against U.S. shares and emerging markets stocks in Asia, while wagering that European shares would rise, said a Goldman Sachs note to clients seen by Reuters on Monday. Global... Read More.

Exclusive-EU digital rules should apply to Big Tech’s smart TVs, broadcasters tell antitrust chief

Monday, March 23 by SRN News

By Foo Yun Chee BRUSSELS, March 23 (Reuters) - Google, Amazon, Apple and Samsung's smart TVs and virtual assistants should fall under the EU's toughest tech rules because of their growing market power, the world's largest broadcasters told EU antitrust chief Teresa Ribera on Monday. The... Read More.

Japanese firms agree to 5.26% wage hike, top union group’s preliminary data shows

Monday, March 23 by SRN News

By Makiko Yamazaki and Kentaro Sugiyama TOKYO, March 23 (Reuters) - Japanese companies have agreed to raise wages by more than 5% for a third consecutive year, early results from annual labour talks showed on Monday, reflecting sustained gains in pay that policymakers see as... Read More.

International Energy Agency head says global economy faces ‘major, major threat’ from Iran war

Monday, March 23 by SRN News

WELLINGTON, New Zealand (AP) - The head of the International Energy Agency said Monday that the global economy faces a "major, major threat" because of the Iran war. "No country will be immune to the effects of this crisis if it continues to go... Read More.

Finnair picks Embraer over Airbus for its narrow-body fleet renewal

Monday, March 23 by SRN News

By Anne Kauranen HELSINKI, March 23 (Reuters) - Finnair will renew its European fleet with an order for 18 E195-E2 narrow-body aircraft from Brazilian manufacturer Embraer, it said on Monday, as it moved away from its current supplier Airbus. The order - the Finnish flag carrier's... Read More.

Tokio Marine to form partnership with Berkshire Hathaway, initially sell 2.49% stake

Monday, March 23 by SRN News

TOKYO, March 23 (Reuters) - Tokio Marine Holdings Inc said on Monday it would form a strategic partnership with Warren Buffett's Berkshire Hathaway by initially selling a 2.49% stake through a third-party allotment of treasury shares. Berkshire Hathaway in 2019 kicked off a number... Read More.

Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says

Monday, March 23 by SRN News

By Amy Lv and Lewis Jackson BEIJING, March 23 (Reuters) - Iron ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday. The U.S.-Israeli war on... Read More.

Ping An investment arm questions US allocation

Monday, March 23 by SRN News

HONG KONG, March 23 (Reuters) - Insurer Ping An's international arm is questioning further U.S. investments, its CEO said, citing the country's unreliability. "The key question for me to consider is ... how much and whether you continue to deploy capital into the U.S.... Read More.

One battle after another: Iran war deals new blow to Europe’s industrial heartland

Monday, March 23 by SRN News

By Christoph Steitz and Dominique Patton KLEINKARLBACH, Germany, March 23 (Reuters) - In a spartan office adorned with plastic pots and detergent packaging at German chemical company Gechem, owner Martina Nighswonger feels she's running out of options. After years battling the fallout from the global pandemic,... Read More.

Current Weather

Analysis-Hopes give way to selling as investors brace for longer Middle East war

Hedge funds bet against U.S. stocks and turn to Europe, Goldman Sachs says

Exclusive-EU digital rules should apply to Big Tech’s smart TVs, broadcasters tell antitrust chief

Japanese firms agree to 5.26% wage hike, top union group’s preliminary data shows

International Energy Agency head says global economy faces ‘major, major threat’ from Iran war

Finnair picks Embraer over Airbus for its narrow-body fleet renewal

Tokio Marine to form partnership with Berkshire Hathaway, initially sell 2.49% stake

Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says

Ping An investment arm questions US allocation

One battle after another: Iran war deals new blow to Europe’s industrial heartland

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