Business

Shell committed to backstop Raizen with $668 million investment, Brazil CEO says

Wednesday, March 4 by SRN News

By Fabio Teixeira and Marta Nogueira RIO DE JANEIRO, March 3 (Reuters) - London-listed oil company Shell is committed to investing 3.5 billion reais ($667.84 million) in troubled sugar and ethanol maker Raizen, the energy company's Brazil CEO said on Tuesday. Raizen has reported a... Read More.

Ross Stores forecasts annual sales above estimates on resilient demand for discounted apparel

Wednesday, March 4 by SRN News

By Sanskriti Shekhar March 3 (Reuters) - Ross Stores forecast annual sales above Wall Street estimates on Tuesday, betting demand for discounted apparel and accessories will hold up even as macroeconomic uncertainty looms. Shares of the off-price retailer rose about 6% in after-hours trading after... Read More.

Trump’s row with Spain could stall Santander-Webster deal, analyst says

Wednesday, March 4 by SRN News

By Tatiana Bautzer NEW YORK, March 3 (Reuters) - Santander's $12.2 billion acquisition of U.S. regional lender Webster Financial could be stalled by President Donald Trump's decision to suspend trade with Spain, Wells Fargo analyst Mike Mayo said in a note to clients on Tuesday. Mayo... Read More.

Investors, US crude producers scramble to lock in oil price spike

Wednesday, March 4 by SRN News

By Georgina McCartney HOUSTON, March 3 (Reuters) - Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading day after Israel and the U.S. bombed... Read More.

After abandoning law firm executive orders, Trump administration reverses course and pursues fight

Tuesday, March 3 by SRN News

WASHINGTON (AP) - A day after abandoning its efforts to enforce executive orders that targeted some of the world's most elite law firms, President Donald Trump's administration abruptly reversed course on Tuesday and said it would proceed with the court fight. The unexplained about-face represents... Read More.

Investors make a dash for cash as Iran crisis upends markets

Tuesday, March 3 by SRN News

By Suzanne McGee, Dhara Ranasinghe and Samuel Indyk LONDON/NEW YORK, March 3 (Reuters) - Cash became king in global markets on Tuesday as an escalation in the Middle East conflict dragged down gold, bonds and stocks synchronously, upending the normal interplay between safe and riskier... Read More.

Airline, travel industries scramble with fallout from Middle Eastern conflict

Tuesday, March 3 by SRN News

By Byron Kaye, Joanna Plucinska and Rajesh Kumar Singh SYDNEY/LONDON/CHICAGO, March 3 (Reuters) - The airline and tourism industries scrambled to deal with the fallout from the escalating U.S. and Israeli air war against Iran, while governments rushed to bring stranded travelers home from the... Read More.

Moderna agrees to pay up to $2.25 billion to settle COVID vaccine patent dispute

Tuesday, March 3 by SRN News

March 3 (Reuters) - Moderna has agreed to pay Genevant Sciences, a subsidiary of Roivant Sciences, and Arbutus Biopharma up to $2.25 billion to settle a long-running legal fight over the technology that made its COVID-19 vaccine possible, the companies said on Tuesday. Under the... Read More.

Trump threatens to cut off trade with Spain after it disallowed US use of joint bases in Iran war

Tuesday, March 3 by SRN News

WASHINGTON (AP) - President Donald Trump on Tuesday threatened to end trade with Spain, citing a lack of support over the U.S. and Israeli attacks on Iran and the European nation's resistance to increase its NATO spending. "We're going to cut off all trade... Read More.

Investors brace for energy shock, inflation fears from prolonged Iran conflict

Tuesday, March 3 by SRN News

By Laura Matthews, Lewis Krauskopf and Suzanne McGee NEW YORK, March 3 (Reuters) - Investors are starting to brace for a more prolonged Middle East conflict that could stoke fresh inflation fears, threaten economic growth and undermine the case for interest-rate cuts in coming months. Markets... Read More.

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Shell committed to backstop Raizen with $668 million investment, Brazil CEO says

Ross Stores forecasts annual sales above estimates on resilient demand for discounted apparel

Trump’s row with Spain could stall Santander-Webster deal, analyst says

Investors, US crude producers scramble to lock in oil price spike

After abandoning law firm executive orders, Trump administration reverses course and pursues fight

Investors make a dash for cash as Iran crisis upends markets

Airline, travel industries scramble with fallout from Middle Eastern conflict

Moderna agrees to pay up to $2.25 billion to settle COVID vaccine patent dispute

Trump threatens to cut off trade with Spain after it disallowed US use of joint bases in Iran war

Investors brace for energy shock, inflation fears from prolonged Iran conflict

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