Business

BlackRock’s GIP and EQT to buy AES Corp in $33.4 billion deal

Monday, March 2 by SRN News

March 2 (Reuters) - A consortium led by BlackRock-owned Global Infrastructure Partners and equity firm EQT AB on Monday agreed to acquire U.S. power company AES Corp for $33.4 billion, including debt. The deal underscores how utilities have become prime takeover targets as the artificial... Read More.

Oil prices to remain high for days with Strait of Hormuz in spotlight, analysts say

Monday, March 2 by SRN News

March 2 (Reuters) - Analysts expect oil prices to remain elevated over the coming days while markets focus on the impact of escalating Middle East conflict on supplies through the Strait of Hormuz, a conduit for more than 20% of global oil. ... Read More.

Qatar halts LNG output, Saudi refinery, Israeli oil, gas fields shut amid Mideast strikes

Monday, March 2 by SRN News

By Yousef Saba March 2 (Reuters) - Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strikes against Iran and Tehran's retaliation prompted precautionary shutdowns of oil and gas facilities across the Middle East. Saudi Arabia shut its biggest domestic oil... Read More.

Tesla gains market in France, Norway in February

Monday, March 2 by SRN News

March 2 (Reuters) - Elon Musk's Tesla gained market share in France and Norway in February, official data showed, signalling stabilisation in Europe after two straight years of declining sales. In France, the automaker's registrations, a proxy for sales, rose 55% even as most rivals... Read More.

Exclusive-ASML plots future of chipmaking tools for AI beyond EUV

Monday, March 2 by SRN News

By Max A. Cherney SAN JOSE, California, March 2 (Reuters) - ASML Holding has ambitious plans to expand its line of chipmaking equipment into several new products to capture more of the rapidly growing market for artificial intelligence chips, a senior executive told Reuters. More... Read More.

Fed races to adapt to AI promises and pitfalls for jobs, inflation

Monday, March 2 by SRN News

By Howard Schneider WASHINGTON, March 2 (Reuters) - U.S. Federal Reserve officials who have largely accepted that artificial intelligence will lead to dramatic shifts in the economy are now struggling to understand the pace and extent of what's to come, with a divide emerging over... Read More.

Malaysia renews Lynas Rare Earths’ license for 10 years, orders end to radioactive waste by 2031

Monday, March 2 by SRN News

KUALA LUMPUR, Malaysia (AP) - Malaysia's government renewed Australian miner Lynas Rare Earths' operating license for 10 years but will require it to stop producing radioactive waste by 2031. The Lynas refinery in Malaysia, its first outside China producing minerals that are crucial for high-tech... Read More.

Major Saudi refinery, Kurdish and Israeli oil, gas fields shut amid Mideast strikes

Monday, March 2 by SRN News

By Yousef Saba March 2 (Reuters) - Saudi Arabia shut its biggest domestic oil refinery on Monday after a drone strike, a source said, as Israeli and U.S. strikes and Iranian retaliation forced shutdowns of oil and gas facilities across the Middle East. A wave of... Read More.

India and Canada agree to boost economic partnership in a move to reset ties

Monday, March 2 by SRN News

NEW DELHI (AP) - India and Canada on Monday agreed to strengthen their economic partnership, in a move aimed at boosting ties after two years of strained relationship. Speaking after talks with Canadian Prime Minister Mark Carney, Indian Prime Minister Narendra Modi said the two... Read More.

Prediction markets scrutinised over Iran bets

Monday, March 2 by SRN News

SINGAPORE, March 2 (Reuters) - Betting payouts following U.S. attacks on Iran have thrown new scrutiny on prediction markets, which took wagers on the timing of bombing and removal of Ayatollah Ali Khamenei from power. Khamenei was killed in Israeli strikes over the weekend. Odds moved... Read More.

Current Weather

BlackRock’s GIP and EQT to buy AES Corp in $33.4 billion deal

Oil prices to remain high for days with Strait of Hormuz in spotlight, analysts say

Qatar halts LNG output, Saudi refinery, Israeli oil, gas fields shut amid Mideast strikes

Tesla gains market in France, Norway in February

Exclusive-ASML plots future of chipmaking tools for AI beyond EUV

Fed races to adapt to AI promises and pitfalls for jobs, inflation

Malaysia renews Lynas Rare Earths’ license for 10 years, orders end to radioactive waste by 2031

Major Saudi refinery, Kurdish and Israeli oil, gas fields shut amid Mideast strikes

India and Canada agree to boost economic partnership in a move to reset ties

Prediction markets scrutinised over Iran bets

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