Business

EU negotiator says ‘still some way to go’ on US trade deal under threat of higher auto tariffs

Wednesday, May 6 by SRN News

BRUSSELS, May 7 (Reuters) - European lawmakers and governments are making good progress in negotiations to finalise a deal scrapping duties on U.S. imports but "there is still some way to go", the European Parliament's chief negotiator Bernd Lange said on Thursday. The lawmakers and... Read More.

European fishing firms reflag ships to tap Indian Ocean tuna quotas, report finds

Wednesday, May 6 by SRN News

The European fishing fleet has long been a powerhouse at catching tuna, with a fleet of massive vessels known as purse seiners that can hold as much as 4 million pounds (1.8 million kilograms) of fish at a time. Dozens of them roam the... Read More.

Australia’s financial crime regulator probes Tabcorp over money-laundering risks

Wednesday, May 6 by SRN News

May 7 (Reuters) - Australia's financial crime watchdog has launched a probe into Tabcorp over concerns about its ability to manage money-laundering and terrorism-financing risks, the gambling company said on Thursday. • The Australian Transaction Reports and Analysis Centre (AUSTRAC) will initially focus on whether... Read More.

Warner Bros Discovery posts higher streaming revenue as HBO Max expands abroad

Wednesday, May 6 by SRN News

By Harshita Mary Varghese May 6 (Reuters) - Warner Bros Discovery's streaming unit posted better-than-expected quarterly revenue growth on Wednesday, as HBO Max's expansion overseas boosted subscriber growth and engagement. The company's first-quarter net loss widened to $2.92 billion, including a $2.8 billion termination fee paid... Read More.

US oil prices rebound as investors assess prospects for a Middle East peace deal

Wednesday, May 6 by SRN News

TOKYO, May 7 (Reuters) - U.S. crude futures rose about $1 in early trade on Thursday, rebounding from the previous day's losses, as investors assessed prospects for a Middle East peace deal. U.S. West Texas Intermediate crude futures gained 80 cents, or 0.8%, to $95.88... Read More.

Chinese exporters ‘numb’ to U.S. threats as Trump set to visit

Wednesday, May 6 by SRN News

By Casey Hall and Ellen Zhang SHANGHAI/BEIJING, May 7 (Reuters) - President Donald Trump's visit to Beijing this month is none of her business, says Chinese salesperson Yu Yangxian, even though a large share of the electric lockers and vending machines sold by her company... Read More.

Beyond Meat forecasts muted second-quarter sales on weak demand

Wednesday, May 6 by SRN News

May 6 (Reuters) - Beyond Meat forecast current-quarter revenue below Wall Street expectations on Wednesday, as it grapples with sluggish demand for its once-iconic plant-based products. The company expects quarterly revenue of $60 million to $65 million, lower than analysts' expectations of about $67... Read More.

Nutrien’s quarterly profit rises on strong nitrogen, phosphate sales

Wednesday, May 6 by SRN News

May 6 (Reuters) - Nutrien reported a rise in first-quarter profit on Wednesday, as the world's top potash producer benefited from higher sales in its nitrogen and phosphate segments. Fertilizer prices rose during the quarter, led by a surge in nitrogen costs as global supplies... Read More.

Blue Owl private credit fund cuts dividend as borrowing costs rise

Wednesday, May 6 by SRN News

NEW YORK, May 6 (Reuters) - A Blue Owl Capital publicly traded private credit fund cut its dividend on Wednesday as it reported a decrease in its net asset value per share in the first quarter, a move it attributed to rising borrowing costs... Read More.

DoorDash forecasts quarterly order value above estimates on resilient delivery demand

Wednesday, May 6 by SRN News

May 6 (Reuters) - DoorDash on Wednesday forecast second-quarter marketplace gross order value above analysts' estimates, helped by resilient demand for delivery services and the company's expansion in grocery, retail and international markets, sending its shares up about 13%. The company also beat estimates for... Read More.

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Current Weather

EU negotiator says ‘still some way to go’ on US trade deal under threat of higher auto tariffs

European fishing firms reflag ships to tap Indian Ocean tuna quotas, report finds

Australia’s financial crime regulator probes Tabcorp over money-laundering risks

Warner Bros Discovery posts higher streaming revenue as HBO Max expands abroad

US oil prices rebound as investors assess prospects for a Middle East peace deal

Chinese exporters ‘numb’ to U.S. threats as Trump set to visit

Beyond Meat forecasts muted second-quarter sales on weak demand

Nutrien’s quarterly profit rises on strong nitrogen, phosphate sales

Blue Owl private credit fund cuts dividend as borrowing costs rise

DoorDash forecasts quarterly order value above estimates on resilient delivery demand

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