Business

Global heritage group offers to work with Peru’s government on improving conditions at Machu Picchu

Tuesday, May 26 by SRN News

LIMA, Peru (AP) - A global heritage foundation that works to improve conditions at famous archaeological sites offered on Tuesday to work with Peruvian authorities on the famed Machu Picchu, where tourists often face hours of lines, overcrowding and unreliable local transport. The announcement by... Read More.

Australia needs to ease complex rules to boost capital flows, says outgoing regulatory chief

Tuesday, May 26 by SRN News

By Scott Murdoch SYDNEY, May 27 (Reuters) - Australia needs to overhaul complex regulations to boost innovation and revive its dwindling IPO pipeline, the country's outgoing top corporate regulator said, warning that red tape was stifling startups and deterring public listings. "Australia has, with good intent,... Read More.

Japan’s corporate service prices rise 3% in April

Tuesday, May 26 by SRN News

TOKYO, May 27 (Reuters) - A key gauge of Japan's service-sector inflation rose 3.0% in April from a year earlier, data showed on Wednesday, reinforcing the central bank's view that a tight labour market is pushing firms to pass rising costs on to consumers. The... Read More.

Asian shares climb, oil holds gains as markets eye Iran talks, central bank moves

Tuesday, May 26 by SRN News

By Rocky Swift Asian shares rose while oil prices remained elevated on Wednesday as markets looked for signals that a shaky truce between the United States and Iran will be extended. Brent crude traded near $100 per barrel, and the greenback held gains from the previous... Read More.

Puerto Rico’s development agency chief resigns after claiming government interference

Tuesday, May 26 by SRN News

SAN JUAN, Puerto Rico (AP) - The head of Puerto Rico 's key economic development agency announced his resignation on Tuesday as he criticized the U.S. territory's administration of Jenniffer González, accusing it of interfering in the department's work. The departure of Sebastián Negrón Reichard... Read More.

BUSINESS HEADLINES

Tuesday, May 26 by SRN News

As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows WASHINGTON (AP) - U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that... Read More.

Yen hovers near intervention zone as traders assess Iran war outlook

Tuesday, May 26 by SRN News

By Kevin Buckland TOKYO, May 27 (Reuters) - The yen hovered close to its May low versus the U.S. dollar on Wednesday, near levels that spurred Japanese currency intervention in recent weeks, as traders weighed the risks of a renewed flare-up in the Iran war. The... Read More.

Brent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening

Tuesday, May 26 by SRN News

By Scott DiSavino NEW YORK, May 26 (Reuters) - Brent crude futures climbed about 4% on Tuesday after the U.S. military carried out strikes in Iran, a setback to hopes over the weekend that the United States and Iran would reach an agreement to end... Read More.

S&P 500, Nasdaq rise on AI optimism, Micron joins $1 trillion club

Tuesday, May 26 by SRN News

By Saeed Azhar, Twesha Dikshit and Utkarsh Hathi May 26 (Reuters) - The S&P 500 and the Nasdaq traded near record levels on Tuesday, after briefly hitting fresh intraday highs, as AI-fueled optimism offset concerns over Middle East peace talks, which were... Read More.

Factbox-How Trump’s bank regulators are paring back supervision

Tuesday, May 26 by SRN News

By Pete Schroeder and Michelle Price WASHINGTON, May 26 (Reuters) - Republican President Trump's regulators are undertaking the biggest overhaul of bank supervision since the 2008 financial crisis. They say examiners have become too preoccupied with processes and pursuing minor issues, and should focus on... Read More.

Current Weather

Australia needs to ease complex rules to boost capital flows, says outgoing regulatory chief

Japan’s corporate service prices rise 3% in April

Asian shares climb, oil holds gains as markets eye Iran talks, central bank moves

Puerto Rico’s development agency chief resigns after claiming government interference

BUSINESS HEADLINES

Yen hovers near intervention zone as traders assess Iran war outlook

Brent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening

S&P 500, Nasdaq rise on AI optimism, Micron joins $1 trillion club

Factbox-How Trump’s bank regulators are paring back supervision

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