Business

Albemarle to idle Australia lithium plant after profit miss

Wednesday, February 11 by SRN News

Feb 11 (Reuters) - Albemarle, the world's largest producer of lithium, posted a larger-than-expected quarterly loss on Wednesday and said it would idle a major Australian processing plant as it continues to face weak prices for the battery metal. Shares... Read More.

Cuban peso hits a record low against the US dollar in informal markets

Wednesday, February 11 by SRN News

HAVANA (AP) - The Cuban peso hit an all-time low Wednesday against the U.S. dollar in Cuba's widely used informal market, reflecting a deepening crisis as the Trump administration's restrictions on oil imports further choke the island's economy. The currency hit 500 pesos to the... Read More.

Australian insurer IAG profit tops estimates on higher premiums, unveils buyback

Wednesday, February 11 by SRN News

Feb 12 (Reuters) - Insurance Australia Group on Thursday reported a smaller-than-expected drop of 21% in its first-half cash earnings, as higher gross premiums blunted the impact of increased claims costs and lower investment income. Insurance Australia Group (IAG) also announced a fresh share buyback... Read More.

Grab Holdings forecasts annual revenue below estimates as platform momentum slows

Wednesday, February 11 by SRN News

Feb 11 (Reuters) - Singapore's Grab forecast fiscal 2026 revenue below Wall Street expectations on Wednesday, signaling slower momentum in the tech firm's core businesses of ride hailing and deliveries as consumers grapple with economic uncertainty. Shares of the company dropped about 6% in extended... Read More.

US firms confront widening income gulf as wealthy spend, budget shoppers struggle

Wednesday, February 11 by SRN News

By Shivansh Tiwary and Juveria Tabassum Feb 11 (Reuters) - America's consumer economy is pulling in opposite directions, a gulf increasingly apparent in C-suite commentary, with premium brands profiting from well-off customers while value-focused firms battle restraint from cash-strapped households. Companies ranging from Ralph Lauren, Tabby... Read More.

Baker Hughes explores $1.5 billion sale of Waygate unit, Bloomberg News reports

Wednesday, February 11 by SRN News

Feb 11 (Reuters) - Oilfield services provider Baker Hughes is exploring a potential $1.5 billion sale of its Waygate Technologies unit, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. A sale process of the unit, which provides industrial testing and inspection... Read More.

Hilton forecasts 2026 room revenue growth below expectations as budget travel softens

Wednesday, February 11 by SRN News

By Anshuman Tripathy Feb 11 (Reuters) - Hilton Worldwide Holdings on Wednesday forecast 2026 room revenue growth below Wall Street expectations, reflecting lowered spending by budget-conscious travelers, even as strong demand for premium travel helped it beat fourth-quarter profit estimates. Budget-conscious travelers have cut back... Read More.

SOLV Energy fetches $6 billion valuation in strong Nasdaq debut

Wednesday, February 11 by SRN News

By Pritam Biswas and Pragyan Kalita Feb 11 (Reuters) - SOLV Energy's shares rose 20% in its New York debut on Wednesday, giving the solar and battery storage firm a valuation of $5.98 billion, underscoring a strong rebound in IPO activity in 2026. Shares... Read More.

Bank of Canada policymakers see Fed independence threats adding to global turmoil

Wednesday, February 11 by SRN News

By Promit Mukherjee OTTAWA, Feb 11 (Reuters) - The Bank of Canada's Governing Council members said threats to the independence of the U.S. Federal Reserve had added to the turbulence and uncertainty in the world, according to the summary of deliberations at their January meeting... Read More.

Studies test whether gene-editing can fix high cholesterol. For now, take your medicine

Wednesday, February 11 by SRN News

WASHINGTON (AP) - Scientists are testing an entirely new way to fight heart disease: a gene-editing treatment that might offer a one-time fix for high cholesterol. It's very early stage research, tried in only a few dozen people so far. But gene-editing approaches being developed... Read More.

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Current Weather

Albemarle to idle Australia lithium plant after profit miss

Cuban peso hits a record low against the US dollar in informal markets

Australian insurer IAG profit tops estimates on higher premiums, unveils buyback

Grab Holdings forecasts annual revenue below estimates as platform momentum slows

US firms confront widening income gulf as wealthy spend, budget shoppers struggle

Baker Hughes explores $1.5 billion sale of Waygate unit, Bloomberg News reports

Hilton forecasts 2026 room revenue growth below expectations as budget travel softens

SOLV Energy fetches $6 billion valuation in strong Nasdaq debut

Bank of Canada policymakers see Fed independence threats adding to global turmoil

Studies test whether gene-editing can fix high cholesterol. For now, take your medicine

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