Business

Global equity funds attract inflows for sixth week on earnings optimism

Monday, May 4 by SRN News

May 4 (Reuters) - Global equity funds drew inflows for a sixth straight week through April 29, as optimism over strong first-quarter earnings outweighed investor concerns about the Middle East conflict and higher oil prices. According to LSEG Lipper data, global... Read More.

UAE says it is discussing currency swap line with US

Monday, May 4 by SRN News

By Federico Maccioni ABU DHABI, May 4 (Reuters) - The United Arab Emirates is discussing a currency swap line with the United States, its trade minister said on Monday. "We have this discussion and conversation with many, it's part of an elite group that the U.S.... Read More.

Morning Bid: Strait talk

Monday, May 4 by SRN News

By Anna Szymanski May 4 (Reuters) - What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Oil prices spiked by around 5% on Monday after Iran said it had turned back a U.S. warship trying to enter the Strait of... Read More.

Tyson Foods profit beats estimates on strength in chicken business

Monday, May 4 by SRN News

May 4 (Reuters) - Tyson Foods reported better-than-expected quarterly earnings on Monday, as rising chicken sales helped counter a sharp drop in demand for high-priced beef. Shares of the company, which houses brands such as Ball Park and Hillshire Farm, were up about 2% in... Read More.

Amazon opens up its logistics network to other businesses in new growth push

Monday, May 4 by SRN News

May 4 (Reuters) - Amazon.com is giving other businesses access to its supply chain network that has powered the e-commerce behemoth's operations for decades, pitting it directly against logistics heavyweights such as UPS and FedEx. The tech giant's "Amazon Supply Chain Services" will allow... Read More.

JetBlue, Frontier shares rise as Spirit shutdown makes room for growth

Monday, May 4 by SRN News

By Shivansh Tiwary May 4 (Reuters) - Shares of Frontier Airlines and JetBlue Airways rose in premarket trading on Monday, after rival Spirit Airlines shut shop, fueling hopes the carriers can capture market share, control prices, and absorb displaced passengers. JetBlue shares were up about... Read More.

A European lawmaker is sentenced in a fraud case involving Czech populist leader Andrej Babiš

Monday, May 4 by SRN News

PRAGUE (AP) - A Czech court on Monday convicted a former associate of populist Prime Minister Andrej Babiš of fraud and handed her a three-year suspended sentence and a fine. Babiš was also a defendant alongside Jana Nagyová in the $2 million fraud case... Read More.

Three-Circle seeks to raise up to $1 billion in Hong Kong listing, sources say

Monday, May 4 by SRN News

By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE, May 4 (Reuters) - Chaozhou Three-Circle Group, a Chinese maker of small ceramic components used in phones, cars, data centres and telecom equipment, aims to raise up to $1 billion in a Hong Kong listing, two sources... Read More.

Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026

Monday, May 4 by SRN News

May 4 (Reuters) - Barclays on Monday joined a growing list of brokerages to bet on no policy easing from the U.S. Federal Reserve this year, citing prolonged high energy prices linked to the Iran war that are likely to keep inflation elevated. The British... Read More.

SK Hynix shares rally 12% after US tech firms signal strong spending on AI data centers

Monday, May 4 by SRN News

SEOUL, May 4 (Reuters) - Shares of SK Hynix extended gains to 12% on Monday, driven by foreign buying, after big U.S. tech firms last week reported robust earnings and reaffirmed their investment plans for artificial intelligence data centers. SK Hynix outperformed bigger rival... Read More.

Current Weather

Global equity funds attract inflows for sixth week on earnings optimism

UAE says it is discussing currency swap line with US

Morning Bid: Strait talk

Tyson Foods profit beats estimates on strength in chicken business

Amazon opens up its logistics network to other businesses in new growth push

JetBlue, Frontier shares rise as Spirit shutdown makes room for growth

A European lawmaker is sentenced in a fraud case involving Czech populist leader Andrej Babiš

Three-Circle seeks to raise up to $1 billion in Hong Kong listing, sources say

Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026

SK Hynix shares rally 12% after US tech firms signal strong spending on AI data centers

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