Business

US ‘transitory’ inflation turns five and is still a big brat

Tuesday, March 17 by SRN News

By Howard Schneider WASHINGTON, March 17 (Reuters) - The worst U.S. inflation outbreak in a generation turns five years old this month, a defining economic shock that is still driving policy debates, influencing national politics, and frustrating Federal Reserve officials trying to restore the pace... Read More.

Citigroup cuts 12-month bitcoin, ether targets as US crypto legislation stalls

Tuesday, March 17 by SRN News

March 17 (Reuters) - Citigroup cut its 12-month forecast for bitcoin and ethereum, citing slow U.S. legislative progress that narrows the window for regulatory catalysts expected to boost ETF-driven demand and broader institutional adoption. Progress on U.S. crypto market-structure legislation has stalled in the Senate,... Read More.

Blue Owl tipped UK lender into insolvency after discrepancy concerns, FT reports

Tuesday, March 17 by SRN News

March 17 (Reuters) - U.S. private credit firm Blue Owl pushed London-based mortgage lender Century Capital into administration after discovering the UK group had dismissed a director over financial discrepancies, the Financial Times reported on Tuesday. Reuters could not immediately verify the report. (Reporting by... Read More.

Morning Bid: Central banks gird for oil shocks as RBA votes 5-4 to hike

Tuesday, March 17 by SRN News

A look at the day ahead in European and global markets from Gregor Stuart Hunter The surge in energy prices as war engulfs the Middle East is top of mind for central bankers. Deciding what to do about it is proving more complicated. On Tuesday, the... Read More.

Kone in talks to acquire rival TK Elevator, Bloomberg News reports

Tuesday, March 17 by SRN News

March 16 (Reuters) - Finnish lift maker Kone Oyj is in talks to buy TK Elevator, which has been preparing for an initial public offering, Bloomberg News reported on Monday, citing people familiar with the matter. TK Elevator's owners have been seeking a valuation of... Read More.

Argentina’s wine industry withers on the vine as consumption hits a record low

Tuesday, March 17 by SRN News

BUENOS AIRES, Argentina (AP) - Argentina's once thriving wine industry is facing its worst crisis in more than 15 years, with record-low domestic consumption, dwindling exports and low-yielding crops. Against this sobering reality, hundreds of wine enthusiasts still gathered last week in Mendoza, the heart... Read More.

US government confirms Tesla and LG Energy Solution’s $4.3 billion battery deal

Tuesday, March 17 by SRN News

By Kanishka Singh WASHINGTON, March 16 (Reuters) - The U.S. government on Monday said electric vehicle maker Tesla and South Korea's LG Energy Solution had signed a supply agreement to build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing,... Read More.

JPMorgan poaches Goldman veteran Zhang as co-head of China investment banking

Tuesday, March 17 by SRN News

By Yantoultra Ngui and Kane Wu SINGAPORE, March 17 (Reuters) - JPMorgan Chase has hired Yi Zhang from Goldman Sachs as co-head of China investment banking, in the latest of a series of new hires to strengthen its Asia banking business, according to an internal... Read More.

SK Group chairman says wafer shortage to last until 2030, trying to stabilise memory prices

Tuesday, March 17 by SRN News

By Max A. Cherney and Heekyong Yang SAN JOSE, California, March 16 (Reuters) - South Korea's SK Group Chairman Chey Tae-won said on Monday the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to outpace supply.... Read More.

Oil gains over 2% as market weighs Iran war supply risks

Tuesday, March 17 by SRN News

March 17 (Reuters) - Oil prices rose more than 2% in early trade on Tuesday, reversing some of the previous session's losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers... Read More.

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Current Weather

US ‘transitory’ inflation turns five and is still a big brat

Citigroup cuts 12-month bitcoin, ether targets as US crypto legislation stalls

Blue Owl tipped UK lender into insolvency after discrepancy concerns, FT reports

Morning Bid: Central banks gird for oil shocks as RBA votes 5-4 to hike

Kone in talks to acquire rival TK Elevator, Bloomberg News reports

Argentina’s wine industry withers on the vine as consumption hits a record low

US government confirms Tesla and LG Energy Solution’s $4.3 billion battery deal

JPMorgan poaches Goldman veteran Zhang as co-head of China investment banking

Oil gains over 2% as market weighs Iran war supply risks

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