Business

Dollar at six-week high on rate-hike bets, Iran war uncertainty

Tuesday, May 19 by SRN News

By Ankur Banerjee SINGAPORE, May 20 (Reuters) - The U.S. dollar was steady near a six-week high on Wednesday as investors come to terms with the possible need for higher interest rates to tackle inflation due to the Iran war, pushing the Japanese yen back... Read More.

Oil prices ease after Trump says US will end Iran war ‘very quickly’

Tuesday, May 19 by SRN News

By Yuka Obayashi TOKYO, May 20 (Reuters) - Oil prices eased on Wednesday after U.S. President Donald Trump again asserted the war with Iran will end "very quickly", though investors remain wary about the outcome of peace talks amid continued disruptions to Middle East supply... Read More.

EU strikes provisional agreement to finalize US trade deal

Tuesday, May 19 by SRN News

May 20 (Reuters) - The European Union struck a provisional agreement on Wednesday on legislation to remove import duties on U.S. goods, a key part of the trade deal reached with the United States last July, in a move likely to avert higher U.S.... Read More.

Investment bank Lincoln International raises $421 million in US IPO

Tuesday, May 19 by SRN News

May 19 (Reuters) - Lincoln International said on Tuesday it has raised $421 million in its U.S. initial public offering, paving the way for one of the rare public market debuts by an investment bank. The Chicago, Illinois-based boutique investment bank and selling stockholders sold... Read More.

Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says

Tuesday, May 19 by SRN News

May 19 (Reuters) - Goldman Sachs is expected to secure the much-coveted lead left position in Elon Musk's rocket and satellite maker SpaceX's initial public offering, a source familiar with the matter told Reuters on Tuesday. The position refers to the bank that holds the... Read More.

US regulator sues to block Minnesota’s first-in-nation ban on prediction markets

Tuesday, May 19 by SRN News

By Nate Raymond May 19 (Reuters) - The U.S. Commodity Futures Trading Commission on Tuesday filed a lawsuit seeking to block Minnesota from enforcing a newly enacted law that made the state the first nationally to outright ban prediction markets like those run by Kalshi... Read More.

Mexico seeks to offset screwworm impact by increasing US beef exports

Tuesday, May 19 by SRN News

By Cassandra Garrison MEXICO CITY, May 19 (Reuters) - Mexico's main meat industry group said on Tuesday it aims to double beef exports to the United States next year, seeking to offset losses from a border closure triggered by a screwworm outbreak that continues to... Read More.

Exclusive-Stellantis to build Voyah brand EV for China’s Dongfeng in French plant, sources say

Tuesday, May 19 by SRN News

By Gilles Guillaume and Giulio Piovaccari PARIS, May 19 (Reuters) - Stellantis is due to announce a joint venture with Dongfeng and a deal to build at least one fully electric Voyah brand vehicle for the state-owned Chinese carmaker at the Franco-Italian company's factory in... Read More.

Trading Day: Inflation palpitations

Tuesday, May 19 by SRN News

By Jamie McGeever ORLANDO, Florida, May 19 (Reuters) - Wall Street fell on Tuesday, slammed again by inflation worries that pushed long-dated bond yields to the highest since 2007, as investors dismissed conflicting signals on U.S.-Iran talks and looked ahead to Nvidia's earnings on Wednesday.... Read More.

GM to start assembling Chevrolet Groove and Aveo in Mexico, in shift away from China

Tuesday, May 19 by SRN News

MEXICO CITY, May 19 (Reuters) - General Motors said on Tuesday it would start assembling the Chevrolet Groove and Aveo in Mexico for sale in the local market, although the company will continue to produce the car parts in China. The Detroit automaker has... Read More.

Current Weather

Dollar at six-week high on rate-hike bets, Iran war uncertainty

Oil prices ease after Trump says US will end Iran war ‘very quickly’

EU strikes provisional agreement to finalize US trade deal

Investment bank Lincoln International raises $421 million in US IPO

Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says

US regulator sues to block Minnesota’s first-in-nation ban on prediction markets

Mexico seeks to offset screwworm impact by increasing US beef exports

Exclusive-Stellantis to build Voyah brand EV for China’s Dongfeng in French plant, sources say

Trading Day: Inflation palpitations

GM to start assembling Chevrolet Groove and Aveo in Mexico, in shift away from China

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