Business

Australia’s Lynas Rare Earths names Pol Le Roux interim CEO

Thursday, June 4 by SRN News

June 4 (Reuters) - Australia's Lynas Rare Earths said on Thursday that Chief Operating Officer Pol Le Roux will take over as interim CEO from June 30, marking a leadership transition at the world's largest producer of rare earths outside China. Le Roux will... Read More.

Explainer-How flesh-eating screwworms in cattle could raise US beef prices

Thursday, June 4 by SRN News

By Heather Schlitz CHICAGO, June 4 (Reuters) - New World screwworm, a devastating parasite that eats cattle and other wild animals alive, traveled north from Central America to Mexico before being confirmed in a Texas calf on Wednesday, creeping past biological barriers that kept the... Read More.

Broadcom tumbles as revenue miss clouds AI boom bets

Thursday, June 4 by SRN News

By Rashika Singh June 4 (Reuters) - Broadcom shares sank about 12% in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors' lofty expectations of stronger momentum from the AI boom. The chipmaker could lose more than $285 billion... Read More.

Global airline chiefs to confront Iran war fuel shock at industry summit

Thursday, June 4 by SRN News

By Rajesh Kumar Singh RIO DE JANEIRO, June 4 (Reuters) - Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry's biggest crisis since the pandemic, with the Iran war driving up jet fuel costs, forcing flight... Read More.

Sunshine Silver Mining raises $270 million in US IPO

Thursday, June 4 by SRN News

June 3 (Reuters) - Sunshine Silver Mining & Refining Company raised $270 million in its U.S. initial public offering on Wednesday, joining a growing number of companies rushing to seize buoyant investor enthusiasm for fresh listings. The Kellogg, Idaho-based company sold 20 million shares... Read More.

Analysis-Global firms exploit India’s IPO boom to take profits back to home countries

Thursday, June 4 by SRN News

By Vibhuti Sharma MUMBAI, June 4 (Reuters) - India's red-hot initial public offering market may look irresistible as foreign firms line up for listings, but the rush is not about raising funds to expand in a fast-growing market; it's about sending billions of dollars back... Read More.

Analysis-BOJ’s Ueda pivots to inflation-fighting mode, clearing path for steadier hikes

Thursday, June 4 by SRN News

By Leika Kihara TOKYO, June 4 (Reuters) - Bank of Japan Governor Kazuo Ueda has all but cemented a June rate hike in a clear narrative pivot toward inflation fighting as the Iran war-driven energy shock sharpens price risks and opens the door to more... Read More.

Analysis-Europe’s tech ‘liberation day’? Computer says not yet

Thursday, June 4 by SRN News

By Toby Sterling AMSTERDAM, June 4 (Reuters) - As the European Union unveiled its technology sovereignty package on Wednesday, a top official posted in glee: "Today is Tech Liberation Day". True technological independence from U.S. Big Tech, however, will take longer to attain. The EU plan... Read More.

Morning Bid: A ceasefire too far for markets

Thursday, June 4 by SRN News

A look at the day ahead in European and global markets from Gregor Stuart Hunter Markets are in risk-off mode again as traders grapple with conflicting headlines: renewed fighting between the U.S. and Iran on one hand, a ceasefire between Israel and Lebanon on the... Read More.

Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back

Thursday, June 4 by SRN News

Asian shares retreated on Thursday following declines on Wall Street that snapped a nine-day winning streak for the S&P 500. Oil prices fell back after surging Wednesday as renewed fighting threatened the U.S.-Iran ceasefire. Early Thursday in Asia, Brent crude was $1.17 lower at $96.64 per... Read More.

Current Weather

Australia’s Lynas Rare Earths names Pol Le Roux interim CEO

Explainer-How flesh-eating screwworms in cattle could raise US beef prices

Broadcom tumbles as revenue miss clouds AI boom bets

Global airline chiefs to confront Iran war fuel shock at industry summit

Sunshine Silver Mining raises $270 million in US IPO

Analysis-Global firms exploit India’s IPO boom to take profits back to home countries

Analysis-BOJ’s Ueda pivots to inflation-fighting mode, clearing path for steadier hikes

Analysis-Europe’s tech ‘liberation day’? Computer says not yet

Morning Bid: A ceasefire too far for markets

Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back

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