Business

Asian stocks rise on AI-driven gains, currencies slip on peace deal concerns

Monday, June 22 by SRN News

By Rajasik Mukherjee June 22 (Reuters) - Most emerging Asian stocks gained footing on Monday, led by strong gains in Taiwan and South Korea, while currencies in the region struggled as uncertainty around the ongoing U.S.-Iran peace deal clouded investor sentiment. The MSCI EM Asia gauge... Read More.

EasyJet rejects $6.3 billion bid as Castlelake makes plans public

Monday, June 22 by SRN News

By Yamini Kalia June 22 (Reuters) - Castlelake made public its £4.74 billion ($6.26 billion) takeover plan for easyJet on Monday, ramping up pressure on the board of the budget airline, which promptly rejected it as "opportunistic" and not in the best interests of shareholders. Minneapolis-based... Read More.

Asian shares are mixed and US futures fall as Iran talks make progress

Monday, June 22 by SRN News

HONG KONG (AP) - Asian stocks were mixed Monday with markets in Japan and South Korea trading higher and setting new records, while oil prices edged lower on fresh optimism over progress in U.S.-Iran negotiations. U.S. futures were trading lower. Tokyo's Nikkei 225 jumped 1.6% and... Read More.

Analysis-Airline ticket prices may stay high as carriers bank fuel relief from Iran deal

Monday, June 22 by SRN News

By Rajesh Kumar Singh, Alessandro Parodi and Joanna Plucinska CHICAGO/LONDON, June 22 (Reuters) - Airlines stand to save billions of dollars on jet fuel after an interim U.S.-Iran peace deal sent oil prices lower, but passengers are unlikely to see immediate relief as tight capacity... Read More.

Australia and Canada sign a $1.75B deal to build long-range radar in Canada

Monday, June 22 by SRN News

MELBOURNE, Australia (AP) - Australia and Canada signed a $1.75 billion export agreement on Monday to build an Australian-designed long-range radar system in Canada. Australian Defense Minister Richard Marles and Canadian Secretary of State (Defense Procurement) Stephen Fuhr signed the first phase of a pact... Read More.

AI boom’s US employment, wage impact muted so far, ECB study finds

Monday, June 22 by SRN News

FRANKFURT, June 22 (Reuters) - A boom in the use of artificial intelligence may displace some workers, but the overall effect on aggregate employment or wages in the U.S. has been muted so far, according to a European Central Bank study released on Monday. Firms... Read More.

China targets US rare earth and other firms with export controls

Monday, June 22 by SRN News

BEIJING, June 22 (Reuters) - China added MP Materials and USA Rare Earth as well as eight other U.S. entities it said are linked to the U.S. military to its export control list in retaliation for Washington placing several Chinese companies under restrictions this... Read More.

Explosion as Qatar restarts gas export terminal hurts 54 and leaves 18 missing

Monday, June 22 by SRN News

DUBAI, United Arab Emirates (AP) - An explosion tore through Qatar's key natural gas export terminal Sunday night as workers tried to resume operations there after Iran bombed it during the war, causing a fire that hurt at least 54 people as another 18... Read More.

Global business leaders back faster electrification shift

Monday, June 22 by SRN News

By Simon Jessop LONDON, June 22 (Reuters) - MORE THAN 100 COMPANIES INCLUDING NESTLE, UBER URGE GOVERNMENTS TO MAKE ELECTRIFICATION CENTRAL TO ECONOMIC STRATEGY Companies including Nestle and Ikea on Monday urged governments to make electrification central to their economic strategies, to help reduce exposure to... Read More.

Morning Bid: Any progress is good with Hormuz at stake

Monday, June 22 by SRN News

June 22 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been a choppy session in Asia as off-again, on-again peace talks between the U.S. and Iran seemed to make progress. The whole process looked in doubt after... Read More.

Current Weather

Asian stocks rise on AI-driven gains, currencies slip on peace deal concerns

EasyJet rejects $6.3 billion bid as Castlelake makes plans public

Asian shares are mixed and US futures fall as Iran talks make progress

Analysis-Airline ticket prices may stay high as carriers bank fuel relief from Iran deal

Australia and Canada sign a $1.75B deal to build long-range radar in Canada

AI boom’s US employment, wage impact muted so far, ECB study finds

China targets US rare earth and other firms with export controls

Explosion as Qatar restarts gas export terminal hurts 54 and leaves 18 missing

Global business leaders back faster electrification shift

Morning Bid: Any progress is good with Hormuz at stake

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