Business – Page 697 – Freedom 96.9

Shares skid, oil surges again as Iran attacks Gulf shipping

Thursday, March 12 by SRN News

(Corrects U.S. crude's move overnight in paragraph 2) By Stella Qiu SYDNEY, March 12 (Reuters) - Shares fell in Asia on Thursday as oil prices jumped on reports that more ships had been struck in the Strait of Hormuz and in Iraqi waters, fuelling inflation and... Read More.

Joby Aviation’s first production model electric air taxi takes off

Thursday, March 12 by SRN News

By Dan Catchpole and Pranav Mathur March 11 (Reuters) - Joby Aviation said on Wednesday it has started flying its first aircraft that will undergo certification testing with federal regulators to receive type inspection authorization (TIA), a major milestone toward an aircraft's certification for... Read More.

Morgan Stanley restricts redemptions at private credit fund after withdrawals surge

Thursday, March 12 by SRN News

By Manya Saini March 11 (Reuters) - Wall Street banking giant Morgan Stanley has limited redemptions at one of its private credit funds after investors sought to withdraw almost 11% of shares outstanding, a regulatory filing showed on Wednesday. A flurry of bad news following... Read More.

Iranian oil flows through Strait of Hormuz even as Gulf neighbors’ exports shut

Wednesday, March 11 by SRN News

By Shariq Khan, Jonathan Saul and Arathy Somasekhar NEW YORK/LONDON/HOUSTON, March 11 (Reuters) - Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from other... Read More.

Analysis-Chinese companies race to hedge against a swinging yuan with regulatory encouragement

Wednesday, March 11 by SRN News

SHANGHAI/HONG KONG, March 12 (Reuters) - Chinese companies have rushed to derivatives for protection from currency exposure as a rising yuan has hurt some exporters for months and - more recently - the war in Iran has ramped up volatility. The trend is breaking... Read More.

Trump administration kicks off new process to try to replace tariffs struck down by Supreme Court

Wednesday, March 11 by SRN News

WASHINGTON (AP) - The Trump administration on Wednesday opened a new trade investigation into manufacturing in foreign countries - an effort that comes after the Supreme Court struck down President Donald Trump's previous use of tariffs by declaring an economic emergency. Trump and his team... Read More.

Exclusive-SoftBank’s PayPay prices IPO below range at $16 a share, sources say

Wednesday, March 11 by SRN News

By Echo Wang March 11 (Reuters) - SoftBank Group-backed PayPay priced its U.S. initial public offering at $16 per share on Wednesday, below its targeted price range, people familiar with the matter said, as the U.S.-Israeli war on Iran weighed on markets. The IPO raised $880... Read More.

Costco customers sue for share of refunds from Trump tariffs

Wednesday, March 11 by SRN News

By Mike Scarcella WASHINGTON, March 11 (Reuters) - Costco Wholesale was sued on Wednesday in a proposed nationwide class action seeking U.S. customer refunds for higher prices charged by the company before the U.S. Supreme Court struck down import tariffs imposed by President Donald Trump. The... Read More.

Maersk redistributes vessel fuel to ensure supplies, as Iran war disrupts flows

Wednesday, March 11 by SRN News

By Stine Jacobsen and Lisa Baertlein COPENHAGEN/LOS ANGELES, March 11 (Reuters) - Container shipping group Maersk said on Wednesday it is redistributing fuel to ensure supplies for its vessels as the Iran war disrupts the flow and storage of maritime fuel in the Middle East. The... Read More.

Pentagon headhunting Goldman, JPMorgan bankers for ‘Economic Defense Unit’, Semafor reports

Wednesday, March 11 by SRN News

March 11 (Reuters) - The Pentagon is building a new team of investment bankers steeped in private equity to invest $200 billion over three years in defense deals, Semafor reported on Wednesday, citing a document it had reviewed. The Department of Defense is specifically going... Read More.

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