Business

SK Hynix joins $1 trillion club after Samsung, Micron on AI chip boom

Tuesday, May 26 by SRN News

By Jihoon Lee and Yena Park SEOUL, May 27 (Reuters) - SK Hynix topped $1 trillion in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron Technology in reaching the milestone on an AI-driven rally. Shares of SK... Read More.

BlackRock sees merit in large scale mining M&A

Tuesday, May 26 by SRN News

PERTH, May 27 (Reuters) - BlackRock would back consolidation among large miners because it would open the sector to generalist investors at a scale that would make it easier to bring on large and complex projects needed for new supply, a said on Wednesday.... Read More.

Oil pulls back as traders look for progress on US-Iran talks

Tuesday, May 26 by SRN News

By Colleen Howe BEIJING, May 27 (Reuters) - Oil prices pulled back from recent highs on Wednesday, erasing some of the previous day's 4% gain as traders sought clarity on complex negotiations between Iran and the U.S. after renewed hostilities set back efforts to reopen... Read More.

Hong Kong overtakes Switzerland as world’s top cross-border wealth hub on China ties, report shows

Tuesday, May 26 by SRN News

ZURICH, May 27 (Reuters) - Hong Kong has overtaken Switzerland as the top global booking centre for cross-border wealth, a first that is unlikely to be reversed as hubs in Asia grow faster than the European safe-haven, Boston Consulting Group said on Wednesday. Wealth... Read More.

Chinese brands gain as Europe car sales rise

Tuesday, May 26 by SRN News

By Mathias de Rozario May 27 (Reuters) - Demand for electrified cars kept Europe's auto market growing in April, offsetting weaker petrol and diesel demand and helping Chinese brands extend their market share, data from the European Automobile Manufacturers' Association showed on Wednesday. Registrations in the... Read More.

Canada and Germany make liquefied natural gas deal as Carney looks to diversify from US

Tuesday, May 26 by SRN News

TORONTO (AP) - Canada has reached a deal to export liquefied natural gas to Germany from a planned Pacific Coast terminal, an official familiar with the matter said Tuesday. The official confirmed Canada will sign the agreement with Germany's SEFE group, which stands for... Read More.

Australia consumer inflation slows in April, core creeps higher

Tuesday, May 26 by SRN News

SYDNEY, May 27 (Reuters) - Australian consumer prices increased by less than expected in April thanks to a government tax cut on fuel, data showed on Wednesday, while core inflation ticked up as higher oil prices fed through to the broader economy. Data from the... Read More.

NASA lays out moon base plans with landers, buggies and drones at the top of the list

Tuesday, May 26 by SRN News

CAPE CANAVERAL, Fla. (AP) - NASA is already ordering landers, rovers and drones for a sprawling moon base, less than two months after the Artemis II's record-breaking lunar flyaround. The space agency outlined the first phase of its moon base plans on Tuesday, awarding... Read More.

SpaceX set for fast entry into US, global indexes under new FTSE rules

Tuesday, May 26 by SRN News

May 26 (Reuters) - Elon Musk's SpaceX is eligible for inclusion in both the Russell U.S. Equity Indexes and FTSE Global Equity Index Series under newly announced fast-entry rules, according to index provider FTSE Russell. FTSE Russell, a London Stock Exchange Group business, proposed introducing... Read More.

Japan’s Nikkei to set record 69,000 in 2027 as blistering rally outpaces peers: Reuters poll

Tuesday, May 26 by SRN News

By Kevin Buckland TOKYO, May 27 (Reuters) - AI exuberance and robust earnings will continue to power Japan's Nikkei to record highs, even as its blistering rally makes it hard for forecasters to keep up, analysts said in a Reuters poll. The median forecast in a... Read More.

Current Weather

SK Hynix joins $1 trillion club after Samsung, Micron on AI chip boom

BlackRock sees merit in large scale mining M&A

Oil pulls back as traders look for progress on US-Iran talks

Hong Kong overtakes Switzerland as world’s top cross-border wealth hub on China ties, report shows

Chinese brands gain as Europe car sales rise

Canada and Germany make liquefied natural gas deal as Carney looks to diversify from US

Australia consumer inflation slows in April, core creeps higher

SpaceX set for fast entry into US, global indexes under new FTSE rules

Japan’s Nikkei to set record 69,000 in 2027 as blistering rally outpaces peers: Reuters poll

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