Business

US Treasury Secretary Bessent says oil market well supplied amid Iran war

Wednesday, March 4 by SRN News

WASHINGTON, March 4 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that crude oil markets are well supplied amid the U.S.-Israeli war in Iran, and that the U.S. plans to make a series of additional announcements on the issue. "The crude markets are... Read More.

US likely to raise temporary global tariff rate to 15% this week, Bessent says

Wednesday, March 4 by SRN News

WASHINGTON, March 4 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that an increase in President Donald Trump's new temporary global import tariff to 15% from 10% was likely to be implemented sometime this week. The new tariff rate was announced by... Read More.

Wall Street futures slip on Middle East conflict, oil-driven inflation concerns

Wednesday, March 4 by SRN News

March 4 (Reuters) - U.S. stock index futures edged lower on Wednesday as investors assessed an escalating Middle East conflict and awaited a fresh slate of economic data for cues on the interest rate outlook, while surging oil prices added to inflation pressures. Brent crude... Read More.

Truckmaker Traton gives cautious profit outlook for 2026

Wednesday, March 4 by SRN News

March 4 (Reuters) - Volkswagen's truck unit Traton gave a cautious outlook for 2026 on Wednesday, with no margin improvement seen at the midpoint of the given range, even as European orders should help sales numbers. While the German truckmaker expects unit sales development to... Read More.

Exclusive-Japan, US aim to add nuclear power project to $550 billion investment package, sources say

Wednesday, March 4 by SRN News

TOKYO, March 4 (Reuters) - Japan and the United States are working to include a nuclear power project in the second round of deals under Japan's $550-billion investment package, two people with knowledge of the matter told Reuters on Wednesday. The nuclear power project, which... Read More.

Volvo Cars December-February sales volumes drop 10%

Wednesday, March 4 by SRN News

STOCKHOLM, March 4 (Reuters) - Sweden-based Volvo Cars said on Wednesday it sold 156,965 cars in the three months through February, down 10% from the same period a year earlier, but sales of fully electric cars increased 18%. "Our sales for the period were impacted... Read More.

Airline share selloff eases as some flights leave Gulf amid Iran conflict

Wednesday, March 4 by SRN News

By Julie Zhu, Joanna Plucinska and Federico Maccioni LONDON/DUBAI/HONG KONG, March 4 (Reuters) - A handful of repatriation flights were due to take off from the Middle East on Wednesday as governments try to bring tens of thousands of stranded citizens home, while the selloff... Read More.

Drugmaker Aspen targets Mounjaro approval in sub-Saharan Africa this year

Wednesday, March 4 by SRN News

By Nqobile Dludla JOHANNESBURG, March 4 (Reuters) - Aspen Pharmacare aims to secure sub‑Saharan African approval for Eli Lilly's blockbuster weight‑loss drug Mounjaro as early as this year, its CEO said on Wednesday, capitalising on soaring regional demand for obesity treatments. South Africa-based Aspen's push to... Read More.

Asia stock rout deepens as markets brace for energy shock

Wednesday, March 4 by SRN News

March 4 (Reuters) - Asian stocks dropped sharply on Wednesday, with investors dumping positions in chipmakers on concern the war in the Middle East will drive an oil shock that raises inflation and delays interest rate cuts. MSCI's broadest index of Asia-Pacific shares outside Japan... Read More.

Morning Bid: Stocks dump more on oil shock fears

Wednesday, March 4 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook and Wayne Cole Markets' wartime selloff extended in Asia, with South Korea bearing the brunt of a flight from risk in the face of a potentially prolonged oil shock. [MKTS/GLOB] By mid-session... Read More.

Current Weather

US Treasury Secretary Bessent says oil market well supplied amid Iran war

US likely to raise temporary global tariff rate to 15% this week, Bessent says

Wall Street futures slip on Middle East conflict, oil-driven inflation concerns

Truckmaker Traton gives cautious profit outlook for 2026

Exclusive-Japan, US aim to add nuclear power project to $550 billion investment package, sources say

Volvo Cars December-February sales volumes drop 10%

Drugmaker Aspen targets Mounjaro approval in sub-Saharan Africa this year

Asia stock rout deepens as markets brace for energy shock

Morning Bid: Stocks dump more on oil shock fears

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