Business

Asia stocks attempt a rebound with central banks in the spotlight

Tuesday, March 17 by SRN News

By Gregor Stuart Hunter SINGAPORE, March 17 (Reuters) - Stocks climbed in early Asian trading on Tuesday, pressing for a second day of gains as investors confronted a crowded central bank calendar and an unrelenting Middle East conflict. Markets are on edge, trying to price in... 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, Stephen Nellis 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... Read More.

US average diesel prices cross $5 a gallon as Middle East War tests global economy

Monday, March 16 by SRN News

By Shariq Khan NEW YORK, March 16 (Reuters) - U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy. Economists... Read More.

Boeing asks suppliers to check for Middle East impact as war rages

Monday, March 16 by SRN News

By Allison Lampert March 16 (Reuters) - U.S. planemaker Boeing has asked suppliers to identify any impact to production caused by the U.S.-Israeli war on Iran, according to a message to suppliers seen by Reuters, as industry concerns rise that a longer conflict could further... Read More.

Beyond Meat to delay annual report filing, reports preliminary Q4 revenue

Monday, March 16 by SRN News

March 16 (Reuters) - Beyond Meat on Monday forecast fourth-quarter revenue below Wall Street estimates, and said it would delay filing its annual report for 2025 citing material weakness in its internal financial controls. Shares of the company fell about 5% in extended trading. The... Read More.

Nvidia CEO heralds ‘inference inflection’ as next phase of AI boom, backed by $1 trillion in orders

Monday, March 16 by SRN News

Nvidia CEO Jensen Huang on Monday elaborated on his vision for keeping his company at the forefront of the artificial intelligence boom that he predicted will produce a $1 trillion backlog in orders within the next year. Sporting his signature black leather jacket, Huang... Read More.

Factbox-Key players in UniCredit’s pursuit of Commerzbank

Monday, March 16 by SRN News

MILAN/FRANKFURT, March 16 (Reuters) - UniCredit made a low-ball unsolicited bid for Commerzbank on Monday to pressure it into merger talks and unlock an 18-month stalemate over what would be one of the biggest European cross-border banking deals since the 2008 financial crisis. The... Read More.

Cboe submits proposal to launch near 24×5 U.S. equities trading

Monday, March 16 by SRN News

March 16 (Reuters) - Exchange operator Cboe said on Monday it has submitted a proposal to the Securities and Exchange Commission to launch a near 24×5 U.S. equities trading on one of its exchanges. The proposal comes as exchanges ramp up their push to capture... Read More.

Saks Global secures $300 million bankruptcy funding, bondholders back five-year plan

Monday, March 16 by SRN News

March 16 (Reuters) - Saks Global said on Monday it has got access to $300 million more of its $1.75 billion bankruptcy funding package, and said an ad hoc group of bondholders has approved the luxury retailer's five-year business plan. The company, which filed for... Read More.

Bond investors, wary of Iran war, turn risk-averse ahead of Fed meeting

Monday, March 16 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, March 16 (Reuters) - Bond investors have shifted to a defensive stance since the Middle East war injected fresh risk into markets, with many loading up on short-term U.S. Treasuries ahead of the Federal Reserve's monetary policy decision. On... Read More.

Current Weather

Asia stocks attempt a rebound with central banks in the spotlight

US average diesel prices cross $5 a gallon as Middle East War tests global economy

Boeing asks suppliers to check for Middle East impact as war rages

Beyond Meat to delay annual report filing, reports preliminary Q4 revenue

Nvidia CEO heralds ‘inference inflection’ as next phase of AI boom, backed by $1 trillion in orders

Factbox-Key players in UniCredit’s pursuit of Commerzbank

Cboe submits proposal to launch near 24×5 U.S. equities trading

Saks Global secures $300 million bankruptcy funding, bondholders back five-year plan

Bond investors, wary of Iran war, turn risk-averse ahead of Fed meeting

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