Business

Morning Bid: Yen roars back as US consumer engine sputters

Wednesday, February 11 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook Earnings season and data are driving markets on Wednesday, and a rebound in the yen is gathering steam. TotalEnergies, Siemens Energy, Deutsche Boerse, Heineken, Schindler and EssilorLuxottica are among the companies reporting... Read More.

South Korea crypto exchange Bithumb says system flaws led to $40 billion error

Wednesday, February 11 by SRN News

By Jack Kim SEOUL, Feb 11 (Reuters) - South Korea's Bithumb said on Wednesday that serious flaws had left the crypto exchange's internal system susceptible to potential sabotage and failed to prevent an erroneous transfer of more than $40 billion in assets last week. The country's... Read More.

Chinese sea captain pleads not guilty in Hong Kong court to damaging Baltic Sea cables

Wednesday, February 11 by SRN News

HONG KONG (AP) - A Chinese sea captain of a Hong Kong-flagged vessel accused of damaging undersea cables and a gas pipeline in the Baltic Sea in 2023 pleaded not guilty Wednesday in a Hong Kong court. Wan Wenguo, captain of the Newnew Polar Bear... Read More.

US job growth likely picked up in January; unemployment rate forecast steady at 4.4%

Wednesday, February 11 by SRN News

By Lucia Mutikani WASHINGTON, Feb 11 (Reuters) - U.S. job growth likely picked up in January, supported by fewer layoffs in some seasonal industries, but the labor market remained sluggish as lingering uncertainty over import tariffs tempered hiring and tighter immigration enforcement constrained the supply... Read More.

Argentina’s monthly inflation ticks up as Milei faces backlash over an outdated index

Wednesday, February 11 by SRN News

BUENOS AIRES, Argentina (AP) - Inflation in crisis-prone Argentina accelerated more than expected and for a fifth straight month in January, the country's statistics agency said Tuesday, a closely watched report whose outdated methodology in recent days stoked political turmoil and created a headache... Read More.

Asian shares advance after weak US retail data weigh on Wall Street

Wednesday, February 11 by SRN News

BANGKOK (AP) - Shares were moderately higher in Asia on Wednesday after U.S. stocks drifted to a mixed finish following a discouraging report on how much money U.S. retailers made during the holidays. U.S. futures edged higher and prices of gold, silver and oil... Read More.

Activist investor Ancora pushes Warner Bros to walk away from Netflix deal, WSJ reports

Wednesday, February 11 by SRN News

Feb 10 (Reuters) - Activist investor Ancora Holdings has built a roughly $200 million stake in Warner Bros Discovery and plans to oppose Warner's deal to sell its prized TV and film assets to Netflix, the Wall Street Journal reported on Tuesday. Reuters could not... Read More.

Buoyant stocks pause for breath on signs of softening US consumption

Wednesday, February 11 by SRN News

By Tom Westbrook SINGAPORE, Feb 11 (Reuters) - Bonds jumped and a rebound in stock markets slowed down on Wednesday after softer-than-expected U.S. retail sales figures, while a rally in the yen has extended and might be beginning to signal a shift in investor thinking... Read More.

Gold, silver climb as US yields fall on softer retail sales

Wednesday, February 11 by SRN News

By Ishaan Arora Feb 11 (Reuters) - Gold and silver prices rose on Wednesday as U.S. Treasury bond yields fell after data showed December retail sales growth stalled, signalling a softening economy ahead of key jobs data. Spot gold was 0.5% higher at $5,049.59 per ounce... Read More.

Oil holds steady as US–Iran tensions provide support

Wednesday, February 11 by SRN News

SINGAPORE, Feb 11 (Reuters) - Oil held steady on Wednesday, finding support as the market waited for direction while U.S.-Iran talks continued, with lingering geopolitical uncertainty helping to underpin prices. Brent crude oil futures were up 23 cents, or 0.3%, at $69.03 a barrel by... Read More.

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Current Weather

Morning Bid: Yen roars back as US consumer engine sputters

South Korea crypto exchange Bithumb says system flaws led to $40 billion error

Chinese sea captain pleads not guilty in Hong Kong court to damaging Baltic Sea cables

US job growth likely picked up in January; unemployment rate forecast steady at 4.4%

Argentina’s monthly inflation ticks up as Milei faces backlash over an outdated index

Asian shares advance after weak US retail data weigh on Wall Street

Activist investor Ancora pushes Warner Bros to walk away from Netflix deal, WSJ reports

Buoyant stocks pause for breath on signs of softening US consumption

Gold, silver climb as US yields fall on softer retail sales

Oil holds steady as US–Iran tensions provide support

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