Business

US wholesale inventories fall sharply in January

Thursday, March 19 by SRN News

WASHINGTON, March 19 (Reuters) - U.S. wholesale inventories dropped sharply January, a trend that if sustained could result in inventory investment being a drag on economic growth in the first quarter. Stocks at wholesalers decreased 0.5% after falling 0.1% in December, the Commerce Department's Census... Read More.

Google expands utility deals to curb data‑center power use during peak demand

Thursday, March 19 by SRN News

By Laila Kearney NEW YORK, March 19 (Reuters) - Google has signed agreements with five U.S. electric utilities in states from Arkansas to Minnesota to curtail its electricity use during periods of peak demand, the company said on Thursday, in its latest effort to secure... Read More.

Another oil price jump further pushes out Fed rate-cut odds

Thursday, March 19 by SRN News

By Howard Schneider WASHINGTON, March 19 (Reuters) - An overnight jump in oil prices on the heels of a hawkish Federal Reserve policy meeting has further narrowed the window for the interest rate cut President Donald Trump has demanded and upped the odds that his... Read More.

Trade with Cuba collapses as Trump escalates pressure on Communist Party leadership

Thursday, March 19 by SRN News

MIAMI (AP) - The Cuban Communist Party has shown an astonishing resilience over six decades in power. Whether it's the United States trade embargo to counter Fidel Castro's 1959 revolution, or the widespread starvation of the "special period" that followed the breakup of its... Read More.

European Central Bank holds rates unchanged as energy shock from Iran war causes massive uncertainty

Thursday, March 19 by SRN News

FRANKFURT, Germany (AP) - The European Central Bank left its key interest rates unchanged Thursday and warned that the Iran war would boost inflation in the short term through higher energy prices - but that the long-term impact on consumer prices and the economy... Read More.

Exclusive-‘No winners’ in Middle East crisis, airlines body chief says

Thursday, March 19 by SRN News

By Joanna Plucinska BRUSSELS, March 19 (Reuters) - The widening conflict in the Middle East will push up airline ticket prices and leave "no winners," Willie Walsh, head of the International Air Transport Association told Reuters on the sidelines of an airline event in Brussels... Read More.

Lanxess raises chemical prices to counter effects of Iran war

Thursday, March 19 by SRN News

By Ozan Ergenay March 19 (Reuters) - Lanxess said it was raising chemical prices to counter the effects of the Middle East conflict, after the speciality chemicals maker reported annual results and announced job cuts earlier on Thursday. The U.S.-Israeli war on Iran, continuing into its... Read More.

Michael Bambang Hartono, tobacco tycoon and Indonesia’s richest man, dies at 86

Thursday, March 19 by SRN News

JAKARTA, Indonesia (AP) - Indonesia's richest man, Michael Bambang Hartono, who helped turn the Djarum cigarette company into one of the country's largest business empires and later became a controlling shareholder of Bank Central Asia, Indonesia's biggest private lender, died Thursday. He was 86. Hartono... Read More.

Como ‘deeply saddened’ by death of co-owner Michael Bambang Hartono

Thursday, March 19 by SRN News

COMO, Italy (AP) - One of Como's owners, Indonesian tobacco billionaire Michael Bambang Hartono, has died. He was 86. Como said it was "deeply saddened" by the news on Thursday, with the team coached by Cesc Fabregas close to a remarkable qualification for the Champions... Read More.

Asia scrambles to conserve energy as Iran war disrupts oil and gas supplies

Thursday, March 19 by SRN News

NEW DELHI (AP) - Countries in Asia are scrambling to conserve energy and protect consumers as the war on Iran and attacks on gas fields and oil refineries disrupt critical supplies, rattling markets and driving up prices. The crisis is hitting Asia hardest because... Read More.

Current Weather

US wholesale inventories fall sharply in January

Google expands utility deals to curb data‑center power use during peak demand

Another oil price jump further pushes out Fed rate-cut odds

Trade with Cuba collapses as Trump escalates pressure on Communist Party leadership

European Central Bank holds rates unchanged as energy shock from Iran war causes massive uncertainty

Exclusive-‘No winners’ in Middle East crisis, airlines body chief says

Lanxess raises chemical prices to counter effects of Iran war

Michael Bambang Hartono, tobacco tycoon and Indonesia’s richest man, dies at 86

Como ‘deeply saddened’ by death of co-owner Michael Bambang Hartono

Asia scrambles to conserve energy as Iran war disrupts oil and gas supplies

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