Business

Japan’s cherry blossom picnics feel the pinch of global inflation

Tuesday, March 24 by SRN News

By Leika Kihara TOKYO, March 24 (Reuters) - Global inflation is taking a bite out of Japan's iconic "hanami" cherry blossom picnics, with an index tracking food and drink costs up 25% since 2020, private think tank Dai-ichi Life Research Institute said on Tuesday. Around late... Read More.

Spain’s Puig shares jump on Estee Lauder merger talks

Tuesday, March 24 by SRN News

By Gemma Guasch March 24 (Reuters) - Shares of Puig surged around 16% on Tuesday, on track for their best trading day on record, after the Spanish beauty group and Estee Lauder said on Monday they were in talks over a potential merger. The deal... Read More.

Euro zone growth nearly stalls as Middle East war fuels inflation surge, PMI shows

Tuesday, March 24 by SRN News

LONDON, March 24 (Reuters) - Euro zone private sector growth slowed sharply in March as the Middle East war drove input costs to their highest in more than three years and triggered the worst supply chain disruptions since mid-2022, a survey showed on Tuesday. The... Read More.

China banks eye profit boost as nearly $8 trillion in deposits to be repriced

Tuesday, March 24 by SRN News

By Ziyi Tang and Ryan Woo BEIJING, March 24 (Reuters) - China's leading state-owned banks are expected to recover this year from record-low profit margins as the repricing of nearly $8 trillion worth of maturing high-priced time deposits eases pressure on their funding costs. The top-five... Read More.

Fevertree Drinks’ profit drops 16% on Molson Coors’ partnership impact, UK levy dispute

Tuesday, March 24 by SRN News

March 24 (Reuters) - Fevertree Drinks posted a 16% drop in annual profit on Tuesday, reflecting the impact of a disputed 2.8-million-pound (3.76 million) packaging levy and margin pressure from the early stages of its U.S. partnership with Molson Coors. The company said it... Read More.

Ford to recall over 254,000 SUVs in the US due to software issues, NHTSA says

Tuesday, March 24 by SRN News

March 24 (Reuters) - Ford Motor is recalling 254,640 SUVs in the U.S. over software issues that may result in the loss of rearview camera image and some advanced driver assistance (ADAS) features, the U.S. National Highway Traffic Safety Administration said on Tuesday. Here are... Read More.

Feed cost surge from Iran war deepens pain for China’s pig farmers

Tuesday, March 24 by SRN News

By Ella Cao, Daphne Zhang and Lewis Jackson BEIJING, March 24 (Reuters) - Rising grain prices fuelled by the Iran war are lifting animal feed costs in China, the world's biggest pig market, piling pressure on producers already hit by weak demand and hog prices... Read More.

SK Hynix may raise up to $10 billion from US listing, Korea Economic Daily says

Tuesday, March 24 by SRN News

SEOUL, March 24 (Reuters) - South Korea's SK Hynix is considering raising 10 trillion to 15 trillion won ($10.03 billion) through a potential U.S. listing, aiming to expand production capacity for advanced memory chips, the Korea Economic Daily reported. A U.S. listing would give... Read More.

Foreign outflows hit Asian stocks as Iran war drives oil shock fears

Tuesday, March 24 by SRN News

By Gaurav Dogra March 24 (Reuters) - Asian stocks have seen heavy foreign outflows so far in March as disruptions to Middle East energy supply from the U.S.-Israeli war with Iran stoked fears of an oil shock and stagflation risks. Foreign investors have sold a net... Read More.

Japan’s SMFG plans for possible takeover of Jefferies, FT reports

Tuesday, March 24 by SRN News

March 24 (Reuters) - Japan's Sumitomo Mitsui Financial Group is working on plans for a possible takeover of U.S. investment bank Jefferies, the Financial Times reported on Tuesday. Jefferies shares rose 6% in trading in Frankfurt after the FT report. SMFG has tasked a team with... Read More.

Current Weather

Japan’s cherry blossom picnics feel the pinch of global inflation

Spain’s Puig shares jump on Estee Lauder merger talks

Euro zone growth nearly stalls as Middle East war fuels inflation surge, PMI shows

China banks eye profit boost as nearly $8 trillion in deposits to be repriced

Fevertree Drinks’ profit drops 16% on Molson Coors’ partnership impact, UK levy dispute

Ford to recall over 254,000 SUVs in the US due to software issues, NHTSA says

Feed cost surge from Iran war deepens pain for China’s pig farmers

SK Hynix may raise up to $10 billion from US listing, Korea Economic Daily says

Foreign outflows hit Asian stocks as Iran war drives oil shock fears

Japan’s SMFG plans for possible takeover of Jefferies, FT reports

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