Business

Wall St futures slip as Iran war rages on, investors dial down rate cut bets

Friday, March 20 by SRN News

By Johann M Cherian and Utkarsh Hathi March 20 (Reuters) - U.S. stock index futures slipped in choppy trading on Friday as the Iran war approached its fourth week, roiling energy markets and prompting investors to aggressively reprice bets on interest rate... Read More.

Factbox-What Unilever and McCormick bring to the table in mega deal pursuit

Friday, March 20 by SRN News

March 20 (Reuters) - Unilever is in talks to sell its foods business to smaller rival McCormick & Company, a potential deal that would unite the British company's Hellmann's and Knorr brands with the U.S. spice maker's Cholula hot sauce. The deal talks come months... Read More.

Analysis-BHP CEO appointment reignites debate on diversity in mining leadership

Friday, March 20 by SRN News

By Clara Denina LONDON, March 20 (Reuters) - BHP's surprise appointment of Americas head Brandon Craig as chief executive this week has revived concerns in the mining sector over talent retention and the lack of leadership diversity, as senior female contenders were overlooked. Craig will succeed... Read More.

Super Micro shares plunge as US charges co-founder, 2 more for smuggling AI chips to China

Friday, March 20 by SRN News

March 20 (Reuters) - Super Micro shares sank 27% on Friday after U.S. prosecutors charged three people linked with the company, including its co-founder, with helping smuggle billions of dollars worth of AI technology to China. The drop in premarket trading would erase nearly $5... Read More.

Investors drive US money market fund assets to records as war-related risk fears multiply

Friday, March 20 by SRN News

By Suzanne McGee PROVIDENCE, RHODE ISLAND, March 20 (Reuters) - As the Iran conflict intensifies, the spike in oil prices and rising inflation fears are spurring investors to ditch stocks as too risky and shun traditional safe havens such as gold in favor of money... Read More.

Novartis to buy experimental breast cancer drug in up to $3 billion deal

Friday, March 20 by SRN News

FRANKFURT, March 20 (Reuters) - Swiss drugmaker Novartis on Friday agreed to buy a breast cancer drug candidate for up to $3 billion from U.S. biotech firm Synnovation Therapeutics, adding a targeted therapy to its pipeline of cancer drugs. The company will pay $2... Read More.

Investors buy the dip in both stocks and bonds, BofA says

Friday, March 20 by SRN News

LONDON, March 20 (Reuters) - Investors took advantage of the drop in stock and bond prices in the latest week to snap up both, even though a steep rise in energy prices on the back of the war in the Middle East rattled sentiment,... Read More.

Unilever confirms McCormick offer that would unite Hellmann’s with Cholula owner

Friday, March 20 by SRN News

March 20 (Reuters) - Unilever said on Friday it was in talks with U.S.-based McCormick & Company about selling its foods business, in a potential deal that would bring together its Hellmann's and Knorr brands with McCormick's iconic Cholula hot sauce. Unilever said it... Read More.

Analysis-China’s record oil output reaches limits of what’s possible

Friday, March 20 by SRN News

By Chen Aizhu and Sam Li March 20 (Reuters) - China, the world's top oil importer, succeeded in a seven-year campaign to boost its own production, achieving a record high last year with aggressive drilling at ageing fields, an offshore boom and nascent shale oil... Read More.

WTO reform deadlock may prompt some countries to seek other options on free trade

Friday, March 20 by SRN News

By Olivia Le Poidevin GENEVA, March 20 (Reuters) - Failure to chart a viable reform path for the World Trade Organization at a meeting next week will nudge members to pursue other options to set rules and advance free trade, diplomats and officials told Reuters. The... Read More.

Current Weather

Wall St futures slip as Iran war rages on, investors dial down rate cut bets

Factbox-What Unilever and McCormick bring to the table in mega deal pursuit

Analysis-BHP CEO appointment reignites debate on diversity in mining leadership

Super Micro shares plunge as US charges co-founder, 2 more for smuggling AI chips to China

Investors drive US money market fund assets to records as war-related risk fears multiply

Novartis to buy experimental breast cancer drug in up to $3 billion deal

Investors buy the dip in both stocks and bonds, BofA says

Unilever confirms McCormick offer that would unite Hellmann’s with Cholula owner

Analysis-China’s record oil output reaches limits of what’s possible

WTO reform deadlock may prompt some countries to seek other options on free trade

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