Business

Apple cuts China App Store commission fees after government pressure

Friday, March 13 by SRN News

By Laurie Chen BEIJING, March 13 (Reuters) - Apple said on Thursday it would lower the commission fees collected by the company from its App Store in mainland China in a huge win for Chinese developers following apparent pressure from regulators in the U.S. tech... Read More.

BofA delays BoE rate-cut call to June as energy prices revive inflation risks

Friday, March 13 by SRN News

March 13 (Reuters) - BofA Global Research, which had expected the Bank of England to begin cutting rates in March, has now pushed its call to June, saying rising energy prices have revived inflation risks and clouded the policy outlook. The Wall Street brokerage, which... Read More.

Morning Bid: Crude shock

Friday, March 13 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee As markets come to terms with the prospect of a long war in the Middle East that may keep oil prices near the $100 per barrel level, the selloff in bonds... Read More.

Trump threatens Iran following new wave of attacks on Gulf states and Israel

Friday, March 13 by SRN News

DUBAI, United Arab Emirates (AP) - Iran launched multiple attacks early Friday on Gulf Arab states, including dozens of drones at Saudi Arabia, following warnings from its new supreme leader about hosting American bases, and U.S. President Donald Trump threatened major new retaliation. "Watch... Read More.

Exclusive-Glencore raises hope of reviving Rio Tinto deal as coal prices turn

Friday, March 13 by SRN News

By Melanie Burton MELBOURNE, March 12 (Reuters) - Glencore CEO Gary Nagle is hoping a recent surge in coal prices will help bring Rio Tinto back to the table for a fresh attempt at creating the world's biggest mining company, three investors said, after meeting... Read More.

Analysis-Why Japan’s bar for yen intervention is now higher

Friday, March 13 by SRN News

By Makiko Yamazaki and Takaya Yamaguchi TOKYO, March 13 (Reuters) - Japan likely has less scope to intervene in the currency market than it did in the past, even as the Middle East conflict pushes the yen back towards the key 160-per-dollar line once considered... Read More.

Iran war and rising fuel costs could boost Panama Canal traffic, administrator says

Friday, March 13 by SRN News

PANAMA CITY (AP) - Panama Canal Administrator Ricaurte Vásquez said Thursday that the conflict in the Middle East and rising fuel costs could ultimately benefit the interoceanic waterway as global shippers adjust routes. In an interview with The Associated Press, Vásquez said that higher energy,... Read More.

Asia shares mostly lower and oil hovers around $100 a barrel over Iran war worries

Friday, March 13 by SRN News

HONG KONG (AP) - Asia shares were mostly lower on Friday, tracking Wall Street losses, while oil prices hovered around $100 per barrel as anxiety remained over the Iran war and its impact on supplies of crude oil and gas. Tokyo's Nikkei 225 index... Read More.

Oil drops after US issues license for countries to buy Russian oil stranded at sea for 30 days

Friday, March 13 by SRN News

By Sam Li and Lewis Jackson BEIJING, March 13 (Reuters) - Oil prices dropped on Friday morning after the U.S. issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea, easing supply concerns. Brent futures dropped 71 cents, or... Read More.

Asian stocks slide as Iran war keeps oil near $100, dents rate-cut bets

Friday, March 13 by SRN News

By Ankur Banerjee SINGAPORE, March 13 (Reuters) - Asian stocks slumped on Friday, poised for a second straight weekly decline as fast-dwindling hopes of a resolution to the U.S. and Israel's war with Iran kept oil prices aloft, casting a shadow over global markets and... Read More.

Current Weather

Apple cuts China App Store commission fees after government pressure

BofA delays BoE rate-cut call to June as energy prices revive inflation risks

Morning Bid: Crude shock

Trump threatens Iran following new wave of attacks on Gulf states and Israel

Exclusive-Glencore raises hope of reviving Rio Tinto deal as coal prices turn

Analysis-Why Japan’s bar for yen intervention is now higher

Iran war and rising fuel costs could boost Panama Canal traffic, administrator says

Asia shares mostly lower and oil hovers around $100 a barrel over Iran war worries

Oil drops after US issues license for countries to buy Russian oil stranded at sea for 30 days

Asian stocks slide as Iran war keeps oil near $100, dents rate-cut bets

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