Business

China widens BHP iron ore ban amid contract talks, sources say

Thursday, March 12 by SRN News

March 12 (Reuters) - China has widened a ban on BHP iron ore for the second time in two weeks, escalating a months-long contract dispute with the world's third-largest supplier of the key steelmaking ingredient. China Mineral Resources Group (CMRG), the state-run iron ore buyer,... Read More.

Deutsche Bank highlights private credit risks as portfolio grows

Thursday, March 12 by SRN News

FRANKFURT, March 12 (Reuters) - Deutsche Bank said on Thursday that its private credit portfolio grew around 6% to nearly 26 billion euros ($30.05 billion) in 2025 as it highlighted risks to the headline-grabbing sector. The disclosure, made in the bank's annual report, comes... Read More.

EU urges US to view it as ally in tackling overcapacity, not source of problem

Thursday, March 12 by SRN News

BRUSSELS, March 12 (Reuters) - The United States should view the European Union as a partner in the fight against manufacturing overcapacity rather than a cause of the problem, the European Commission said on Thursday after the U.S. administration launched investigations into unfair trade... Read More.

JPMorgan restricts lending to private credit firms, Bloomberg News reports

Thursday, March 12 by SRN News

March 12 (Reuters) - JPMorgan Chase has restricted lending to private credit firms after marking down the value of certain loans in their portfolios, Bloomberg News reported on Wednesday. The marked-down loans are to software companies, a sector that has been under heightened pressure as... Read More.

Dollar General forecasts annual sales below estimates

Thursday, March 12 by SRN News

March 12 (Reuters) - Dollar General forecast annual comparable sales below Wall Street estimates on Thursday, as bargain-hunting customers turn to other discount stores and online retailers for better deals amid economic uncertainty. Shares of the company were down about 3% in premarket trading. The... Read More.

SoftBank’s PayPay set for hotly anticipated Nasdaq debut after raising $880 million

Thursday, March 12 by SRN News

By Arasu Kannagi Basil and Utkarsh Shetti March 12 (Reuters) - SoftBank's PayPay will begin trading on the Nasdaq later on Thursday, after the Japanese payments app raised about $880 million in its hotly anticipated U.S. initial public offering. The company pushed ahead with the offering... Read More.

World faces largest-ever oil supply disruption on Middle East war, IEA says

Thursday, March 12 by SRN News

By Alex Lawler LONDON, March 12 (Reuters) - The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to... Read More.

U.S. must honour EU-US deal in tariff investigations, senior EU lawmaker says

Thursday, March 12 by SRN News

BRUSSELS, March 12 (Reuters) - The European Union should only accept new U.S. tariffs that recreate the substance of the deal agreed between the two sides in Scotland last year, the chair of the European Parliament's trade committee said on Thursday. Bernd Lange said Washington's... Read More.

Tesla set to start supplying UK homes with electricity

Thursday, March 12 by SRN News

LONDON, March 12 (Reuters) - Elon Musk's Tesla can soon start supplying British homes with electricity after it was granted a licence on Thursday, bringing a new competitor into the market at a time of heightened worries over rising bills. The country's energy regulator Ofgem... Read More.

China positions itself as force for global stability at its annual Congress

Thursday, March 12 by SRN News

BEIJING (AP) - While much of the world's attention is on the Iran war, that hasn't stopped China from moving ahead with national priorities with global repercussions. Not that China doesn't care about the war and its impact on energy supplies and geopolitics. But for... Read More.

Current Weather

China widens BHP iron ore ban amid contract talks, sources say

Deutsche Bank highlights private credit risks as portfolio grows

EU urges US to view it as ally in tackling overcapacity, not source of problem

JPMorgan restricts lending to private credit firms, Bloomberg News reports

Dollar General forecasts annual sales below estimates

SoftBank’s PayPay set for hotly anticipated Nasdaq debut after raising $880 million

World faces largest-ever oil supply disruption on Middle East war, IEA says

U.S. must honour EU-US deal in tariff investigations, senior EU lawmaker says

Tesla set to start supplying UK homes with electricity

China positions itself as force for global stability at its annual Congress

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