Business

Macy’s post strong sales from the holiday quarter and sees encouraging signs from revamped stores

Wednesday, March 18 by SRN News

NEW YORK (AP) - Macy's reported stronger-than-expected profits in the crucial fourth-quarter and comparable sales rose again. The department store said an overhaul of its merchandise and improved customer service led to more spending by shoppers. The company, which also operates upscale Bloomingdale's and... Read More.

Wall St futures gain as oil prices slip, focus on Fed outlook

Wednesday, March 18 by SRN News

March 18 (Reuters) - U.S. stock index futures rose on Wednesday, buoyed by a modest drop in oil prices, while jittery investors awaited an update on the monetary policy and the economy from the Federal Reserve to assess the impact of the Middle East... Read More.

UniCredit CEO does not rule out improving terms of Commerzbank bid

Wednesday, March 18 by SRN News

MILAN, March 18 (Reuters) - UniCredit Chief Executive Andrea Orcel said on Wednesday he did not rule out improving the terms of the bank's bid for Commerzbank if merger discussions produced a positive outcome, adding that such a scenario was very remote. UniCredit on... Read More.

Fed to signal rate hike an option? Possible, though unlikely

Wednesday, March 18 by SRN News

WASHINGTON, March 18 (Reuters) - Rising concern about higher inflation from surging oil prices is not going to press the Federal Reserve into an interest rate hike this week, but the idea could still find its way to the surface at a policy meeting... Read More.

US drivers face long-term pain at pump, analysts say; Trump bets they are wrong

Wednesday, March 18 by SRN News

By Jarrett Renshaw March 18 (Reuters) - President Donald Trump and congressional Republicans are betting the oil-price shock sparked by the Iran crisis will be too short-lived to hurt them politically in November, but traders and industry analysts see signs that U.S. pump prices will... Read More.

Analysis-Is coffee the new cocoa? Some expect coffee prices to also crash

Wednesday, March 18 by SRN News

By Marcelo Teixeira TAMPA, Florida, March 18 (Reuters) - Some coffee industry experts have been drawing comparisons between the coffee and cocoa markets, projecting that coffee prices will sink in coming months, just as cocoa prices crashed after the chocolate-making ingredient hit an all-time high... Read More.

Analysis-Wall Street’s bank capital victory in sight but hurdles remain

Wednesday, March 18 by SRN News

By Pete Schroeder and Michelle Price WASHINGTON, March 18 (Reuters) - Wall Street banks are set to score a win as President Donald Trump's regulators unveil softened new draft capital rules this week, but there could still be fresh technical and political challenges ahead for... Read More.

Analysis-Hong Kong IPO pipeline set to suffer amid Beijing’s scrutiny of ‘red-chip’ listings

Wednesday, March 18 by SRN News

HONG KONG, March 18 (Reuters) - Beijing's tightened scrutiny of plans by Chinese companies incorporated outside mainland China to list in Hong Kong could have a significant impact on the city's rich IPO pipeline - at least in the short-term, bankers and lawyers said. Sources... Read More.

Samsung Elec and AMD sign MoU on AI memory, explore foundry partnership

Wednesday, March 18 by SRN News

SEOUL, March 18 (Reuters) - Samsung Electronics and Advanced Micro Devices (AMD) signed a memorandum of understanding to expand their strategic partnership on memory chip supplies for artificial intelligence infrastructure, the companies said on Wednesday. The agreement will focus on supplying Samsung's next-generation high-bandwidth... Read More.

Samsung’s unionised workers in South Korea approve strike plan

Wednesday, March 18 by SRN News

By Hyunjoo Jin SEOUL, March 18 (Reuters) - Samsung Electronics' unionised workers in South Korea voted on Wednesday to authorise a strike, deepening a labour dispute over bonuses and raising the risk of production disruptions at the world's biggest memory chipmaker. A total of 93% of... Read More.

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Current Weather

Macy’s post strong sales from the holiday quarter and sees encouraging signs from revamped stores

Wall St futures gain as oil prices slip, focus on Fed outlook

UniCredit CEO does not rule out improving terms of Commerzbank bid

Fed to signal rate hike an option? Possible, though unlikely

US drivers face long-term pain at pump, analysts say; Trump bets they are wrong

Analysis-Is coffee the new cocoa? Some expect coffee prices to also crash

Analysis-Wall Street’s bank capital victory in sight but hurdles remain

Analysis-Hong Kong IPO pipeline set to suffer amid Beijing’s scrutiny of ‘red-chip’ listings

Samsung Elec and AMD sign MoU on AI memory, explore foundry partnership

Samsung’s unionised workers in South Korea approve strike plan

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