Business

Dollar firms as oil climbs, bond rout saps risk appetite

Sunday, May 17 by SRN News

By Jiaxing Li HONG KONG, May 18 (Reuters) - The dollar firmed against most major currencies on Monday as fresh Middle East tensions lifted oil prices and a global bond selloff dented risk appetite, while yen weakness kept traders on alert for possible Japanese intervention.... Read More.

Shein buys US-based apparel retailer Everlane, Puck News reports

Sunday, May 17 by SRN News

May 17 (Reuters) - Online fast-fashion platform Shein is acquiring Everlane from majority owner L Catterton in a deal valuing the U.S.-based apparel retailer at about $100 million, Puck News reported on Sunday, citing people familiar with the matter. Those with common stock in Everlane... Read More.

China’s economy slows in April as output, retail sales sharply undershoot forecasts

Sunday, May 17 by SRN News

BEIJING, May 18 (Reuters) - China's economic growth lost steam in April as industrial output and retail sales growth sharply missed expectations as the Asian powerhouse grappled with higher energy costs from the Iran war and sluggish domestic demand. Data from the National Bureau of... Read More.

China agrees to boost trade for US ag products such as beef and poultry following Trump-Xi summit

Sunday, May 17 by SRN News

WASHINGTON (AP) - China has agreed to ramp up trade for U.S. agricultural products such as beef and poultry, buying at an annualized rate of $17 billion per year for 2026 and at that level for 2027 and 2028, the White House announced Sunday,... Read More.

Global bond rout deepens as inflation fears mount

Sunday, May 17 by SRN News

By Rae Wee SINGAPORE, May 18 (Reuters) - Bonds from Tokyo to New York extended losses on Monday as rising energy prices from the ongoing Middle East war fanned inflation fears and stoked investor wagers on rate hikes from global central banks. Benchmark 10-year U.S. Treasury... Read More.

Samsung Electronics and its South Korean union resume pay talks as strike risks loom

Sunday, May 17 by SRN News

By Heekyong Yang SEOUL, May 18 (Reuters) - Samsung Electronics and its South Korean labour union are set to join a new round of government-mediated pay talks on Monday, in a bid to avert a strike at the tech giant, which accounts for nearly a... Read More.

Asia shares slip, oil prices pile pressure on bonds

Sunday, May 17 by SRN News

By Wayne Cole SYDNEY, May 18 (Reuters) - Asia share markets slipped on Monday as fresh drone attacks in the Gulf pushed up oil prices and bond yields, while the AI boom is set to be tested by earnings from tech-diva Nvidia this week. A drone... Read More.

Oil touches 2-week high after drone attack on UAE nuclear power plant

Sunday, May 17 by SRN News

By Florence Tan SINGAPORE, May 18 (Reuters) - Oil prices extended gains on Monday as efforts to end the U.S.-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald... Read More.

NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports

Sunday, May 17 by SRN News

May 17 (Reuters) - U.S. power firm NextEra Energy is discussing a mostly stock deal for Dominion Energy that would value the smaller Virginia-based utility at about $76 per share, or around $66 billion, Bloomberg News reported on Sunday. A tie-up between the two... Read More.

Standard Chartered names Manus Costello as permanent CFO

Sunday, May 17 by SRN News

May 18 (Reuters) - Standard Chartered on Monday appointed Manus Costello as its permanent chief financial officer, succeeding Diego De Giorgi, who resigned in February after nearly three years with the bank. StanChart had named Peter Burrill as its interim CFO in early February, following... Read More.

Current Weather

Dollar firms as oil climbs, bond rout saps risk appetite

Shein buys US-based apparel retailer Everlane, Puck News reports

China’s economy slows in April as output, retail sales sharply undershoot forecasts

China agrees to boost trade for US ag products such as beef and poultry following Trump-Xi summit

Global bond rout deepens as inflation fears mount

Samsung Electronics and its South Korean union resume pay talks as strike risks loom

Asia shares slip, oil prices pile pressure on bonds

Oil touches 2-week high after drone attack on UAE nuclear power plant

Standard Chartered names Manus Costello as permanent CFO

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