Business

Neon, winner of 6 straight Palmes d’Or, comes into the Cannes Film Festival an unlikely heavyweight

Monday, May 11 by SRN News

Neon chief and co-founder Tom Quinn has watched the last six Palme d'Or ceremonies from the same spot: gathered with colleagues around a laptop on the breakfast tables at his Cannes hotel. "I think we upgraded a couple years ago and connected the computer to... Read More.

Asia braces for a second wave of energy shocks from the Iran war

Monday, May 11 by SRN News

BANGKOK (AP) - Asia's first defenses against energy shocks from the Iran war are running short and a more consequential second wave of impacts is beginning to hit. When the war started, governments scrambled to adapt to the closure of the Strait of Hormuz, a... Read More.

Asian shares are mixed and oil jumps 3% after Trump rejects Iran’s response to ceasefire proposal

Monday, May 11 by SRN News

HONG KONG (AP) - Asian stocks were mixed Monday after Wall Street set more records, and oil surged more than 3% following U.S. President Donald Trump's rejection of Tehran's response to the latest U.S. proposal on ending the war in Iran. U.S. futures edged 0.1%... Read More.

Peace progress stalls, AI rally does not

Monday, May 11 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook Markets still want to believe that neither the U.S. nor Iran is aiming to escalate their conflict. But the path to resolution remains as unclear as ever after another round of... Read More.

US industry, lawmakers plead with Trump: Don’t open door to Chinese cars at Xi summit

Monday, May 11 by SRN News

By David Lawder and David Shepardson WASHINGTON, May 11 (Reuters) - As President Donald Trump prepares to meet with Chinese President Xi Jinping this week, the U.S. auto industry and lawmakers on both sides of the aisle are hammering him with a simple message: Please... Read More.

China’s car sales drop for seventh month in April; exports roar

Sunday, May 10 by SRN News

BEIJING, May 11 (Reuters) - China's car sales fell again in April as export growth stayed strong, with automakers increasingly targeting overseas markets to offset intense competition at home, where a push toward higher-end models has yet to reverse a broader slowdown. Sales dropped 21.6%... Read More.

BIS urges targeted fiscal policy to curb inflationary risks, Nikkei says

Sunday, May 10 by SRN News

TOKYO, May 11 (Reuters) - Countries must keep fiscal spending targeted and temporary as broad-based, persistent stimulus could increase inflationary risks and compel central banks to raise interest rates, the head of the Bank for International Settlements (BIS) said in an interview with Japan's... Read More.

Dollar strengthens as Trump says Iran peace offer ‘unacceptable’

Sunday, May 10 by SRN News

By Gregor Stuart Hunter SINGAPORE, May 11 (Reuters) - The dollar advanced against its major peers in early Asia trade on Monday, supported by strong U.S. jobs data released late last week and as the U.S.-Iran ceasefire hung by a thread, boosting demand for the... Read More.

Apollo in talks to sell $3 billion private credit fund, WSJ reports

Sunday, May 10 by SRN News

May 10 (Reuters) - Apollo Global Management has held talks to sell MidCap Financial Investment, its publicly listed business development company focused on private-credit fund, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Apollo values the fund, known as MFIC,... Read More.

Share futures ease, dollar gains as Gulf talks teeter

Sunday, May 10 by SRN News

By Wayne Cole SYDNEY, May 11 (Reuters) - Share futures slipped and the dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher. President... Read More.

Current Weather

Neon, winner of 6 straight Palmes d’Or, comes into the Cannes Film Festival an unlikely heavyweight

Asia braces for a second wave of energy shocks from the Iran war

Asian shares are mixed and oil jumps 3% after Trump rejects Iran’s response to ceasefire proposal

Peace progress stalls, AI rally does not

US industry, lawmakers plead with Trump: Don’t open door to Chinese cars at Xi summit

China’s car sales drop for seventh month in April; exports roar

BIS urges targeted fiscal policy to curb inflationary risks, Nikkei says

Dollar strengthens as Trump says Iran peace offer ‘unacceptable’

Apollo in talks to sell $3 billion private credit fund, WSJ reports

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