Business

Rescuers work to drain flooded Laos cave to free 5 villagers and search for 2 still missing

Friday, May 29 by SRN News

BANGKOK (AP) - Rescuers working at a flooded cave in Laos said Friday that they were trying to drain water out to help extricate five villagers who have been trapped for more than a week. An overnight rainstorm has complicated their efforts, they said. Meanwhile,... Read More.

Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs

Friday, May 29 by SRN News

By Tom Westbrook SINGAPORE, May 29 (Reuters) - World stocks rose to record highs on Friday and oil futures eyed their steepest weekly drop in nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend... Read More.

China’s factory activity likely remained flat in May

Friday, May 29 by SRN News

BEIJING, May 29 (Reuters) - China's factory activity likely remained flat in May after expanding for two months, indicating that weak domestic demand and cost pressures stemming from the U.S.-Israeli war on Iran may have begun to weigh on the manufacturing sector. The official manufacturing... Read More.

Yen back in danger zone as Tokyo officials keep investors on edge

Friday, May 29 by SRN News

By Noriyuki Hirata TOKYO, May 29 (Reuters) - As Japan's yen drifts back to levels that prompted official intervention a month ago, markets are sizing up Tokyo's remaining financial firepower and political will to defend its ailing currency. Japan spent about $63 billion in what were... Read More.

Stellantis to recall over 419,000 US vehicles over improper side air bag deployment

Friday, May 29 by SRN News

May 29 (Reuters) - Chrysler-parent Stellantis is recalling 419,035 vehicles in the U.S. as a software error could delay the side air bags from deploying during a crash, the U.S. National Highway Traffic Safety Administration said on Friday. This would leave the vehicles non-compliant with... Read More.

Analysis-BOJ may heed calls to pause bond taper next year

Friday, May 29 by SRN News

By Leika Kihara TOKYO, May 29 (Reuters) - Bond market volatility is boosting the case for Japan's central bank to pause the unwinding of its massive debt holdings next fiscal year, which would give Prime Minister Sanae Takaichi some relief amid growing investor concerns about... Read More.

Honda recalls nearly 99,000 US vehicles over airbag issues

Friday, May 29 by SRN News

May 29 (Reuters) - Honda Motor is recalling 98,892 vehicles in the United States over a defect involving unintentional deployment of air bags, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. Here are a few more details: • The recall includes certain Honda... Read More.

Lucid to recall over 2,000 vehicles in US due to drive power issues

Friday, May 29 by SRN News

May 29 (Reuters) - Electric vehicle maker Lucid is recalling 2,039 vehicles in the U.S. due to a loss of drive power that increases the risk of a crash, the National Highway Traffic Safety Administration (NHTSA) said on Friday. Here are some details: • The company... Read More.

Former leader of Hong Kong journalist group sent to prison after obstruction conviction

Friday, May 29 by SRN News

HONG KONG (AP) - A prominent Hong Kong journalist began serving a five-day prison sentence Friday after losing an appeal against his conviction for obstructing a police officer in a case that sparked concerns about the city's declining press freedom. Hong Kong was once a... Read More.

At Computex, Nvidia and Taiwan’s expanding role in AI infrastructure set to take centre stage

Friday, May 29 by SRN News

By Wen-Yee Lee TAIPEI, May 29 (Reuters) - At Taiwan's annual Computex trade show next week, the spotlight is likely to be dominated, as usual, by Nvidia and its products, but also by the island's central and growing role in AI infrastructure. Nvidia CEO Jensen Huang,... Read More.

Current Weather

Rescuers work to drain flooded Laos cave to free 5 villagers and search for 2 still missing

Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs

China’s factory activity likely remained flat in May

Yen back in danger zone as Tokyo officials keep investors on edge

Stellantis to recall over 419,000 US vehicles over improper side air bag deployment

Analysis-BOJ may heed calls to pause bond taper next year

Honda recalls nearly 99,000 US vehicles over airbag issues

Lucid to recall over 2,000 vehicles in US due to drive power issues

At Computex, Nvidia and Taiwan’s expanding role in AI infrastructure set to take centre stage

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