Business

Asia struggles to find fuel oil as Middle East exports plummet, sources say

Friday, March 6 by SRN News

By Jeslyn Lerh SINGAPORE, March 6 (Reuters) - Fuel oil traders in Asia are struggling to secure alternative supply as the Iran war curtails shipments from key Middle Eastern suppliers through the Strait of Hormuz, prompting them to look to the West for replacement cargoes.... Read More.

Gulf carriers resume limited flights, but missile fire fuels uncertainty

Friday, March 6 by SRN News

By Julie Zhu HONG KONG, March 6 (Reuters) - Emirates and Etihad Airways were resuming limited flight schedules to key global cities from their United Arab Emirates hubs on Friday, though the ongoing threat of missile fire piled pressure on airlines as they scramble to... Read More.

Factbox-China, India lead car exports worth billions of dollars to the Middle East

Friday, March 6 by SRN News

March 6 (Reuters) - The U.S.-Israel war with Iran, which entered its seventh day on Friday, threatens to disrupt the shipment of vehicles from Asia to the Middle East, a major export market for Asian automakers. Chinese, Indian, South Korean and Japanese automakers export cars... Read More.

Foxconn says Iran conflict having limited impact so far

Friday, March 6 by SRN News

NEW TAIPEI, Taiwan, March 6 (Reuters) - The U.S. and Israeli conflict with Iran is having limited impact on Foxconn, the chairman of the world's largest electronics maker and Nvidia's key AI server maker said on Friday. Speaking to reporters at its headquarters in the... Read More.

Oil falls as US may intervene in futures market, issues waiver for Russian purchases

Friday, March 6 by SRN News

By Helen Clark PERTH, March 6 (Reuters) - Oil fell for the first time in six days as the U.S. government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to... Read More.

Dollar set for steepest weekly gain in a year as Iran crisis boosts haven bid

Friday, March 6 by SRN News

By Rocky Swift TOKYO, March 6 (Reuters) - The U.S. dollar held broadly steady in early Asian trade on Friday and was poised for its steepest weekly gain in more than a year as the escalating conflict in the Middle East drove demand for safe-haven... Read More.

Stocks set for tough week, oil eyes big gains as Middle East war rages

Friday, March 6 by SRN News

By Rae Wee SINGAPORE, March 6 (Reuters) - Asia stocks fell on Friday and were headed for their sharpest weekly drop in six years while oil prices were poised for their biggest jump in three in a turbulent week for global markets as the conflict... Read More.

Trump takes forceful steps to pressure Latin American leaders to reduce China ties

Friday, March 6 by SRN News

WASHINGTON (AP) - The U.S. imposed travel bans on three Chilean officials over the possible construction of a submarine fiber optic cable with China, while warning Peru against ceding control over a Chinese-built mega port. Under pressure from President Donald Trump, who had threatened... Read More.

Nike records $300 million in restructuring charges after recent layoffs

Friday, March 6 by SRN News

March 5 (Reuters) - Nike will record about $300 million in pre-tax charges related to severance costs from a restructuring push at the footwear maker as CEO Elliott Hill looks to contain a margin bleed and refresh its product mix to revive sales. The company... Read More.

US tentatively approves budget carrier Wizz Air’s request to operate UK-US flights

Friday, March 6 by SRN News

WASHINGTON, March 5 (Reuters) - The U.S. Transportation Department on Thursday granted tentative approval for budget carrier Wizz Air to operate flights between the UK and the United States. The airline's UK subsidiary petitioned in January for a foreign air carrier permit to operate flights... Read More.

Current Weather

Asia struggles to find fuel oil as Middle East exports plummet, sources say

Gulf carriers resume limited flights, but missile fire fuels uncertainty

Factbox-China, India lead car exports worth billions of dollars to the Middle East

Foxconn says Iran conflict having limited impact so far

Oil falls as US may intervene in futures market, issues waiver for Russian purchases

Dollar set for steepest weekly gain in a year as Iran crisis boosts haven bid

Stocks set for tough week, oil eyes big gains as Middle East war rages

Trump takes forceful steps to pressure Latin American leaders to reduce China ties

Nike records $300 million in restructuring charges after recent layoffs

US tentatively approves budget carrier Wizz Air’s request to operate UK-US flights

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