Business

Nippon Express shares soar after Elliott discloses latest Japan stake

Tuesday, April 28 by SRN News

TOKYO, April 28 (Reuters) - Shares of Japanese logistics firm Nippon Express Holdings leapt as much as 15% after U.S. activist investor Elliott Investment Management disclosed a 5.04% stake in the company on Tuesday. The stake is the latest in a string of investments in... Read More.

The Latest: US appears cold to Iranian proposal to end the war without a nuclear deal

Tuesday, April 28 by SRN News

The Trump administration seemed unlikely Tuesday to accept Iran's offer to end the war and reopen the Strait of Hormuz if the U.S. lifts its blockade on the country. The proposal would postpone discussions on the Islamic Republic's nuclear program, something that U.S. Secretary... Read More.

Morning Bid: BOJ’s hawkish hold

Tuesday, April 28 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee In a week packed with central bank meetings, the Bank of Japan's hawkish hold has set the stage for the Fed, the Bank of England and the ECB to confront inflationary... Read More.

Stocks steady, yen firms after BOJ holds rates

Tuesday, April 28 by SRN News

By Ankur Banerjee SINGAPORE, April 28 (Reuters) - Stocks held their ground on Tuesday as investors weighed the geopolitical tumult in the Middle East, while the yen firmed after the Bank of Japan held rates steady but the split voting underscored worries over inflation because... Read More.

Exclusive-China’s Hongqi, once favoured by Mao, eyes Stellantis Spain plant for European expansion

Tuesday, April 28 by SRN News

By Qiaoyi Li, Nick Carey and Gilles Guillaume BEIJING, April 28 (Reuters) - Chinese luxury automaker Hongqi, famed as Mao Zedong's preferred car brand, is in talks with Stellantis to build vehicles at one of the Fiat-to-Jeep owner's Spanish plants as it expands in Europe,... Read More.

Two Spirit Airlines creditor groups back Trump bailout plan, FT reports

Tuesday, April 28 by SRN News

April 28 (Reuters) - Spirit Airlines has won the backing of two of its three major creditor groupings needed to secure a $500 million bailout from U.S. President Donald Trump's administration, the Financial Times reported on Tuesday, citing two people close to... Read More.

Will Powell stay or go? Fed chair may reveal next steps after central bank meeting Wednesday

Tuesday, April 28 by SRN News

WASHINGTON (AP) - The Federal Reserve will meet this week ahead of a looming leadership transition that remains fuzzy, and Wednesday's news conference will be closely watched for any clarification. Also Wednesday, the Senate Banking Committee will vote on whether to confirm President Trump's... Read More.

Trump pursues new import taxes to replace the tariffs the Supreme Court rejected

Tuesday, April 28 by SRN News

WASHINGTON (AP) - When the Supreme Court killed his favorite tariffs in February, President Donald Trump promptly rolled out temporary import taxes to replace them. But those stopgap levies expire in less than three months. Now the administration is scrambling to put more durable tariffs... Read More.

OxyContin maker Purdue Pharma’s criminal sentence could be the last step before company dissolves

Tuesday, April 28 by SRN News

OxyContin maker Purdue Pharma could be dissolved and replaced by a company focused on the public good by the end of the week, as a massive legal settlement resolving thousands of lawsuits is set to take effect. A federal judge on Tuesday is expected to... Read More.

US energy blockade leaves Cuban farmers struggling to feed a nation

Tuesday, April 28 by SRN News

LAS MINAS, Cuba (AP) - Eduardo Obiols Sobredo struggles to feed Cubans young and old, a task even harder now because of a U.S. energy blockade that has caused sweeping water and power outages along with severe gas shortages. "I feel like crying," the 58-year-old... Read More.

Current Weather

Nippon Express shares soar after Elliott discloses latest Japan stake

The Latest: US appears cold to Iranian proposal to end the war without a nuclear deal

Morning Bid: BOJ’s hawkish hold

Stocks steady, yen firms after BOJ holds rates

Exclusive-China’s Hongqi, once favoured by Mao, eyes Stellantis Spain plant for European expansion

Two Spirit Airlines creditor groups back Trump bailout plan, FT reports

Will Powell stay or go? Fed chair may reveal next steps after central bank meeting Wednesday

Trump pursues new import taxes to replace the tariffs the Supreme Court rejected

OxyContin maker Purdue Pharma’s criminal sentence could be the last step before company dissolves

US energy blockade leaves Cuban farmers struggling to feed a nation

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