Business – Page 655 – Freedom 96.9

China’s factory activity expands for a second month despite shocks from the Iran war

Thursday, April 30 by SRN News

HONG KONG (AP) - China's factory activity expanded for a second straight month in April, according to an official survey on Thursday, as its economy remained resilient despite higher energy prices due to the Iran war. The official manufacturing purchasing managers index slipped slightly to... Read More.

Brent crude tops $125 a barrel on Iran war worries, while world stocks retreat

Thursday, April 30 by SRN News

HONG KONG (AP) - The price of Brent crude oil surged past $125 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war. Brent crude to be delivered in... Read More.

The Bank of England is expected to keep interest rates on hold as it weighs the impact of Iran war

Thursday, April 30 by SRN News

LONDON (AP) - The Bank of England is expected to announce Thursday that it is keeping interest rates on hold as policymakers assess the economic impact of the Iran war and Tehran's effective closure of the Strait of Hormuz, through which a fifth of... Read More.

Analysis: US blockade is squeezing Iran’s all-important oil industry

Thursday, April 30 by SRN News

DUBAI, United Arab Emirates (AP) - Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and... Read More.

US growth likely picked up in first quarter, but consumer spending probably cooled

Wednesday, April 29 by SRN News

By Lucia Mutikani WASHINGTON, April 30 (Reuters) - U.S. economic growth likely accelerated in the first quarter on a rebound in government spending after a crippling government shutdown, but the pickup is expected to be short-lived as the war with Iran drives up gasoline prices... Read More.

First Tesla Semi rolls off high volume production line

Wednesday, April 29 by SRN News

April 29 (Reuters) - Tesla said on Wednesday its first Semi truck has begun rolling off a high-volume production line as the electric vehicle maker remains on track to launch large-scale manufacturing of several new products in 2026. Here are the details: • "First Semi off... Read More.

Oil prices extend gains as US-Iran war deadlock keeps supply off market

Wednesday, April 29 by SRN News

By Colleen Howe BEIJING, April 30 (Reuters) - Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end the U.S.-Israeli war against Iran have deadlocked. Brent crude futures for... Read More.

Tech shares rise in Asia, bonds scarred by central bank hawks as oil spikes

Wednesday, April 29 by SRN News

By Stella Qiu SYDNEY, April 30 (Reuters) - AI-related shares fared well in Asia on Thursday after a raft of generally positive earnings reports, while surging oil prices left bonds battered as central banks turned more hawkish on inflation and interest rates. Investors feared the... Read More.

Dollar holds firm after Fed raises inflation alarm, yen slips past 160

Wednesday, April 29 by SRN News

(Corrects day in first paragraph) By Jiaxing Li HONG KONG, April 30 (Reuters) - The dollar hovered near its highest in more than two weeks on Thursday after some Federal Reserve policymakers turned hawkish, sending yields to a one-month top, while the Japanese yen's break above... Read More.

Spot crude premiums ease from record highs despite Hormuz closure

Wednesday, April 29 by SRN News

By Siyi Liu, Florence Tan and Seher Dareen SINGAPORE/LONDON, April 29 (Reuters) - Spot premiums for physical crude have slipped from record highs reached earlier during the Iran war as refiners are drawing on inventories and cutting back processing to cope with lost Middle East... Read More.

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