Business

Australia fines Alcoa $38 million to clear up site of bauxite mine

Wednesday, February 18 by SRN News

SYDNEY, Feb 18 (Reuters) - Australia's environment ministry on Wednesday said Alcoa will pay A$55 million ($38.86 million) to clean up a site in the state of Western Australia where it had a bauxite mine. ($1 = 1.4152 Australian dollars) (Reporting by Christine Chen in... Read More.

Asia stocks rise despite lingering AI worries, oil tempers losses after US-Iran talks

Wednesday, February 18 by SRN News

By Scott Murdoch SYDNEY, Feb 18 (Reuters) - Asian stocks pushed higher on Wednesday despite the renewed artificial intelligence worries gripping international markets, while oil prices fluctuated after Iran touted progress in nuclear negotiations with the United States. The New Zealand dollar sank after the central... Read More.

Indonesia tightens control on nickel as the US and China scramble for critical minerals

Wednesday, February 18 by SRN News

HANOI, Vietnam (AP) - Indonesia is tightening state control over the world's largest nickel supply after years of betting the metal would anchor a homegrown electric-vehicle industry, and just as global demand begins shifting away from heavy reliance on nickel. The move could still ripple... Read More.

Billionaire Les Wexner to be deposed in congressional probe of Epstein files

Wednesday, February 18 by SRN News

COLUMBUS, Ohio (AP) - Les Wexner's long-time friendship with Jeffrey Epstein will be the subject of a closed-door congressional deposition in Ohio on Wednesday, where the billionaire retail magnate is expected to face questions about new revelations contained in the latest release of Justice... Read More.

Asian shares gain as most regional markets stay closed for Lunar New Year holidays

Wednesday, February 18 by SRN News

Shares in Asia were higher on Wednesday, with Japan's benchmark gaining more than 1% after a quiet finish for U.S. stocks. Most markets in Asia stayed closed for Lunar New Year holidays. U.S. futures were flat and oil prices edged higher. In Tokyo, the... Read More.

ECB President Lagarde expected to leave bank before term expires next year, FT reports

Wednesday, February 18 by SRN News

Feb 18 (Reuters) - European Central Bank President Christine Lagarde is expected to leave before the end of her eight-year term that expires in October 2027, the Financial Times reported on Wednesday, citing a person familiar with her thinking. The FT said that Lagarde wanted... Read More.

Bernie Sanders and Gavin Newsom become adversaries over push to tax California billionaires

Wednesday, February 18 by SRN News

LOS ANGELES (AP) - As national Democrats search for a unifying theme ahead of the fall's midterm elections, a California proposal to levy a hefty tax on billionaires is turning some of the party's leading figures into adversaries just when Democrats can least afford... Read More.

Blackstone, EQT and CVC make offers for VW’s Everllence unit, FT reports

Wednesday, February 18 by SRN News

Feb 18 (Reuters) - Volkswagen has attracted bids from top private equity funds including Blackstone, EQT and CVC for its Everllence division, The Financial Times reported on Wednesday, citing people familiar with the matter. Volkswagen's Everllence division, which produces shipping engines and heat pumps,... Read More.

Morning Bid: Geneva talks, inflation in spotlight amid Lunar New Year lull

Wednesday, February 18 by SRN News

A look at the day ahead in European and global markets from Rocky Swift Geopolitical tensions and signs of cooling in the red-hot tech sector remain on investors' minds, taming price action on stocks, currencies, and commodities. Asian shares crept higher, following slight gains on Wall... Read More.

Santos to cut 10% jobs as growth projects near end, annual profit misses estimates

Wednesday, February 18 by SRN News

Feb 18 (Reuters) - Australian oil and gas producer Santos Ltd reported a steeper-than-expected drop in annual profit on Wednesday, hurt by weak commodity prices, and said it would reduce its headcount by about 10% as major growth projects near completion. Shares of Australia's second-largest... Read More.

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Current Weather

Australia fines Alcoa $38 million to clear up site of bauxite mine

Asia stocks rise despite lingering AI worries, oil tempers losses after US-Iran talks

Indonesia tightens control on nickel as the US and China scramble for critical minerals

Billionaire Les Wexner to be deposed in congressional probe of Epstein files

Asian shares gain as most regional markets stay closed for Lunar New Year holidays

ECB President Lagarde expected to leave bank before term expires next year, FT reports

Bernie Sanders and Gavin Newsom become adversaries over push to tax California billionaires

Blackstone, EQT and CVC make offers for VW’s Everllence unit, FT reports

Morning Bid: Geneva talks, inflation in spotlight amid Lunar New Year lull

Santos to cut 10% jobs as growth projects near end, annual profit misses estimates

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