Business

Disney secures new $5.25 billion short-term credit line

Tuesday, March 3 by SRN News

March 3 (Reuters) - Walt Disney said on Tuesday it has secured a new $5.25 billion credit agreement that will mature in less than a year and replace its prior facility of the same amount. (Reporting by Jaspreet Singh in Bengaluru) Brought to you by... Read More.

Oil shock could strain emerging markets beyond inflation, analysts say

Tuesday, March 3 by SRN News

By Kanchana Chakravarty and Rashika Singh March 3 (Reuters) - The war in Iran and the resulting surge in energy prices will impact emerging markets well beyond inflation to broader pressures on external balances, currencies and capital flows, analysts warn. Brokerages, including J.P.Morgan and Bernstein,... Read More.

Venture Global shares jump as court rejects Shell’s challenge to LNG ruling

Tuesday, March 3 by SRN News

March 3 (Reuters) - Venture Global surged nearly 17% in premarket trading on Tuesday, after a New York court rejected Shell's request to throw out an arbitration award that favored the U.S.-based liquefied natural gas developer. The British oil major had... Read More.

Iran-fuelled oil price rally not enough to balance Russia’s budget

Tuesday, March 3 by SRN News

MOSCOW, March 3 (Reuters) - Global oil prices have rallied in the wake of U.S. and Israeli strikes against Iran to their highest since July 2024, but the rise still falls short of what is needed to balance the Russian budget, according to Reuters... Read More.

War with Iran strains the US-UK relationship as Starmer and Trump disagree

Tuesday, March 3 by SRN News

LONDON (AP) - Keir Starmer has never had a bad word to say in public about Donald Trump. That is not being reciprocated now as the American president lambasts the British prime minister over his reluctance to join the U.S.-Israeli strikes on Iran. The dispute... Read More.

Iran fallout pushes market views of next Fed rate cut further away

Tuesday, March 3 by SRN News

March 3 (Reuters) - Expectations that the Federal Reserve would resume interest rate cuts before September eroded further on Tuesday, as rising oil prices from the U.S.-Israeli air war against Iran heightened concern that inflation pressures would keep the central bank in a hawkish... Read More.

Fed’s Williams says rate cuts still possible, does not address Iran war

Tuesday, March 3 by SRN News

By Michael S. Derby NEW YORK, March 3 (Reuters) - New York Federal Reserve President John Williams said on Tuesday the U.S. central bank is on track for more interest rate cuts if inflation pressures moderate as he expects, but he did not address the... Read More.

US CFTC ships prediction markets rule proposal to Trump budget office

Tuesday, March 3 by SRN News

By Chris Prentice NEW YORK, March 3 (Reuters) - The U.S. Commodity Futures Trading Commission has sent a rulemaking plan for prediction markets to the President's Office of Management and Budget, kicking off the process to write new rules for the controversial, but fast-growing markets. WHY... Read More.

Factbox-How airlines have hedged against fuel price increases

Tuesday, March 3 by SRN News

March 3 (Reuters) - Higher oil prices due to the Iran war are increasing prices of jet fuel, which accounts for a big portion of airlines' costs. Brent crude oil rose above $80 per barrel on Tuesday on worries about disrupted supply. Some airlines use futures... Read More.

Average price for a gallon of gas rises 11 cents overnight to about $3.11 in US, AAA says

Tuesday, March 3 by SRN News

NEW YORK (AP) - The average price for a gallon of gasoline jumped 11 cents overnight to about $3.11 in the U.S., according to motor club AAA. Gas prices were already rising before the U.S. launched strikes on Iran as refiners switch over to... Read More.

Current Weather

Disney secures new $5.25 billion short-term credit line

Oil shock could strain emerging markets beyond inflation, analysts say

Venture Global shares jump as court rejects Shell’s challenge to LNG ruling

Iran-fuelled oil price rally not enough to balance Russia’s budget

War with Iran strains the US-UK relationship as Starmer and Trump disagree

Iran fallout pushes market views of next Fed rate cut further away

Fed’s Williams says rate cuts still possible, does not address Iran war

US CFTC ships prediction markets rule proposal to Trump budget office

Factbox-How airlines have hedged against fuel price increases

Average price for a gallon of gas rises 11 cents overnight to about $3.11 in US, AAA says

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