Business

Japan’s Sony reports declining profit but expects a record for this year

Friday, May 8 by SRN News

TOKYO (AP) - Japanese electronics and entertainment giant Sony Group Corp. reported a 3.4% drop in its annual profit but projected Friday a comeback to record profits for the current fiscal year. Tokyo-based Sony's net profit for the year through March totaled 1.03 trillion... Read More.

Morning Bid: Markets cling on as ceasefire is tested

Friday, May 8 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook Oil ticked higher and European futures wobbled on Friday, while the U.S. and Iran exchanged fire in the Middle East. But with investors choosing to focus on hopes for a more lasting... Read More.

China’s exports likely picked up pace in April on Iran war stockpiling: Reuters Poll

Friday, May 8 by SRN News

BEIJING, May 8 (Reuters) - China's export growth likely quickened in April, a Reuters poll showed on Friday, as companies rushed to stockpile components from the manufacturing powerhouse amid fears the Iran war could push input costs even higher. Outbound shipments are expected to have... Read More.

Trump plans to bring a smaller CEO delegation to Beijing summit, sources say

Friday, May 8 by SRN News

By Laurie Chen and Michael Martina BEIJING/WASHINGTON, May 8 (Reuters) - The White House has invited a scaled-back CEO delegation to accompany President Donald Trump to Beijing next week, five sources briefed on preparations said, reflecting divisions in the administration on economic policy toward China... Read More.

Some Unilever investors seek ESG reassurances in McCormick food deal

Friday, May 8 by SRN News

By Simon Jessop, Alexander Marrow and Richa Naidu LONDON, May 8 (Reuters) - With Unilever set to spin off its food unit and merge it with U.S. peer McCormick, some investors plan to press the combined entity to adopt the same standards against deforestation and... Read More.

Alarmed ASEAN leaders discuss crisis plan to mitigate backlash from Middle East war

Friday, May 8 by SRN News

CEBU, Philippines (AP) - Southeast Asian leaders met in an annual summit Friday under intense pressure to mitigate the impact on their people and economies from the Iran war, which one top minister said, "should not have occurred in the first place." The alarm by... Read More.

Asian stocks fall and oil prices climb after attacks imperil the ceasefire with Iran

Friday, May 8 by SRN News

HONG KONG (AP) - Asian stocks retreated and oil prices rose on Friday as the fragile ceasefire with Iran was strained by missile and drone attacks that prompted U.S. retaliatory strikes on Iranian military facilities. U.S. futures rose despite the latest flaring in the... Read More.

Sudan was already at war and hungry. Now its farmers are hit by another conflict

Friday, May 8 by SRN News

OMDURMAN, Sudan (AP) - Two years after Sudan 's war forced him from his land, Omer al-Hassan returned to rebuild his farm. But now a new conflict in the Middle East threatens to push him deeper into financial loss and food insecurity as fuel... Read More.

Oil tanker arrives in South Korea after passing through the Strait of Hormuz in mid-April

Friday, May 8 by SRN News

SEOSAN, South Korea (AP) - A Malta-flagged tanker carrying 1 million barrels of crude oil arrived off South Korea's west coast Friday after passing through the Strait of Hormuz in mid-April, a South Korean refinery said. Like many other Asian nations, South Korea imports much... Read More.

Macquarie beats profit estimates on commodity boost, shares hit record high

Thursday, May 7 by SRN News

May 8 (Reuters) - Top Australian investment bank Macquarie reported its biggest annual profit in three years on Friday, beating market consensus, as its key commodity division benefited from a rise in client hedging activity amid heightened market volatility. Shares of the company jumped about... Read More.

Current Weather

Japan’s Sony reports declining profit but expects a record for this year

Morning Bid: Markets cling on as ceasefire is tested

China’s exports likely picked up pace in April on Iran war stockpiling: Reuters Poll

Trump plans to bring a smaller CEO delegation to Beijing summit, sources say

Some Unilever investors seek ESG reassurances in McCormick food deal

Alarmed ASEAN leaders discuss crisis plan to mitigate backlash from Middle East war

Asian stocks fall and oil prices climb after attacks imperil the ceasefire with Iran

Sudan was already at war and hungry. Now its farmers are hit by another conflict

Oil tanker arrives in South Korea after passing through the Strait of Hormuz in mid-April

Macquarie beats profit estimates on commodity boost, shares hit record high

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