Business

Elliott reiterates call against Toyota Industries tender offer, shares hit record

Friday, February 13 by SRN News

TOKYO, Feb 13 (Reuters) - Elliott Investment Management on Friday said it will not tender its Toyota Industries shares into an extended tender offer at current terms and strongly encouraged other shareholders to follow suit. Elliott also urged other shareholders to withdraw any shares... Read More.

Rivian sees 2026 delivery jump driven by rollout of smaller, more affordable R2 SUVs

Friday, February 13 by SRN News

By Akash Sriram and Abhirup Roy Feb 12 (Reuters) - Rivian Automotive's results beat Wall Street targets and the electric vehicle maker stoked expectations for its rival to Tesla's best-selling Model Y, saying its new, more affordable R2 SUVs would drive a 53% jump... Read More.

Vale posts $3.8 billion loss on nickel impairment; analysts welcome core profit

Friday, February 13 by SRN News

SAO PAULO/RIO DE JANEIRO, Feb 12 (Reuters) - Miner Vale on Thursday reported that its fourth-quarter net loss widened year-on-year, citing an impairment of nickel assets in Canada, yet analysts welcomed a core profit above expectations, projecting a positive share reaction. Rio de Janeiro-headquartered Vale,... Read More.

Yen on track for best week in nearly 15 months

Friday, February 13 by SRN News

By Rae Wee and Jiaxing Li SINGAPORE, Feb 13 (Reuters) - The yen was set for its best week in almost 15 months on Friday, having climbed steadily after Japanese Prime Minister Sanae Takaichi's historic election win allayed investor worries about the nation's fiscal health. A... Read More.

Nike-owned Converse to realign operations and trim corporate workforce, source says

Friday, February 13 by SRN News

Feb 12 (Reuters) - Nike-owned Converse is cutting corporate roles as it aligns its operating model with its sportswear giant parent, a source familiar with the development told Reuters on Thursday. Reports from Monday said the brand's employees were instructed to work from home this... Read More.

US court blocks expanded merger disclosure rule

Friday, February 13 by SRN News

By Jody Godoy Feb 12 (Reuters) - A U.S. federal judge in Texas on Thursday blocked a rule that expanded the amount of information companies have to turn over when seeking a merger review, saying it exceeded the Federal Trade Commission's authority. The rule, finalized in... Read More.

Oil set for weekly drop as Iran risks recede, oversupply concerns

Friday, February 13 by SRN News

BEIJING, Feb 13 (Reuters) - Oil prices were little changed on Friday after falling in the previous session, and are set for their second weekly decline, on receding concerns of an Iranian conflict that could affect supply and on forecasts supply will exceed demand... Read More.

Asian shares step back from record as tech jitters return, bonds rally

Friday, February 13 by SRN News

By Stella Qiu SYDNEY, Feb 13 (Reuters) - Asian shares retreated from record highs on Friday as worries about shrinking margins in the tech sector hit the likes of Apple, driving investors into safe-haven bonds ahead of key U.S. inflation data. Overnight on Wall Street,... Read More.

Global shipping industry sticks with green investments, despite carbon price delay

Friday, February 13 by SRN News

By Enes Tunagur and Jeslyn Lerh LONDON/SINGAPORE, Feb 12 (Reuters) - The shipping industry's biggest players are shrugging off Trump administration opposition to a global carbon price and are forging ahead with billions of dollars in emissions-reducing investments, according to company officials and a Reuters... Read More.

Air Canada expects 2026 core profit slightly above estimates on international demand

Friday, February 13 by SRN News

Feb 12 (Reuters) - Air Canada forecast 2026 core profit marginally above Wall Street estimates on Thursday, betting on strong demand on international routes outside the U.S. and a surge in premium travel. Even as domestic demand shows signs of cooling, international travel has remained... Read More.

Current Weather

Elliott reiterates call against Toyota Industries tender offer, shares hit record

Rivian sees 2026 delivery jump driven by rollout of smaller, more affordable R2 SUVs

Vale posts $3.8 billion loss on nickel impairment; analysts welcome core profit

Yen on track for best week in nearly 15 months

Nike-owned Converse to realign operations and trim corporate workforce, source says

US court blocks expanded merger disclosure rule

Oil set for weekly drop as Iran risks recede, oversupply concerns

Asian shares step back from record as tech jitters return, bonds rally

Global shipping industry sticks with green investments, despite carbon price delay

Air Canada expects 2026 core profit slightly above estimates on international demand

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