Business

Exclusive-Shein eyes company valuation of around $25 billion in Hong Kong IPO, sources say

Monday, August 17 by SRN News

HONG KONG, Aug 17 (Reuters) - Online fast-fashion retailer Shein is eyeing a company valuation of around $25 billion in its Hong Kong IPO, said three people with knowledge of the matter, down from nearly $100 billion four years ago due to challenging business... Read More.

Asian shares are mostly higher while US futures and oil prices hold steady

Monday, August 17 by SRN News

BANGKOK (AP) - Shares were mostly higher Monday in Asia after U.S. stocks edged back from their all-time high following a weaker than expected report on the U.S. economy. U.S. futures were little changed and oil prices were mixed. Tokyo's Nikkei 225 index gained... Read More.

Alphabet eyes inaugural Australian dollar bond, bookrunner’s message says

Monday, August 17 by SRN News

By Scott Murdoch SYDNEY, Aug 17 (Reuters) - Alphabet has mandated investment banks to work on its inaugural Australian dollar bond issue, according to a message sent by one of the book runners and reviewed by Reuters on Monday. The U.S. tech giant is considering issuing... Read More.

The Iran war is forcing families to choose between school for their kids or survival

Monday, August 17 by SRN News

KAMPONG PRAHOK, Cambodia (AP) - Sou Sreynich dreams of becoming a teacher. But she knows she's far behind. The 13-year-old first entered a classroom at 10, an age when most Cambodian children already have been in school for years. Her mother waited until she was... Read More.

Ukraine takes aim at Russia’s economy and morale by attacking online retailer

Monday, August 17 by SRN News

The attacks began on a July weekend and have continued for a month, stretching from Moscow and St. Petersburg, to cities in the south, and eastward to the Ural Mountains. The targets weren't oil refineries, maritime hubs or arms plants hit by other Ukrainian... Read More.

Photos show Cambodian children attend school in floating villages along the Tonle Sap lake.

Monday, August 17 by SRN News

KAMPONG PRAHOK, Cambodia (AP) - On Cambodia's Tonle Sap, the largest freshwater lake in Southeast Asia, getting anywhere has always meant navigating the water. It isn't any different for schoolchildren. Most mornings, a gas-powered boat chugs through Kampong Prahok floating village, steered by students often... Read More.

Japan’s economy manages 1.1% growth rate despite headwinds

Sunday, August 16 by SRN News

TOKYO (AP) - Japan's economy grew an annual rate of 1.1% in the April-June quarter even as private consumption stayed flat and the growth of exports declined, according to government data released Monday. Japan 's real GDP, or gross domestic product, the sum value of... Read More.

Asian shares mark time as Gulf war keeps oil prices up

Sunday, August 16 by SRN News

By Stella Qiu SYDNEY, Aug 17 (Reuters) - Asian shares drifted sideways on Monday while investors kept a wary eye on oil prices, which notched sizeable gains last week as the lack of progress towards ending the Iran war kept inflation risks tilted to the... Read More.

From coffee to hotpot, brands race to grab a bite of China’s growing burger market

Sunday, August 16 by SRN News

By Sophie Yu and Casey Hall BEIJING, Aug 17 (Reuters) - Burgers are having a moment in China, with budget-conscious diners and smaller households turning the humble sandwich into one of the country's hottest fast-food battlegrounds, drawing in everyone from global restaurant chains to hotpot... Read More.

Oil treads water as US-Iran peace talks stall, Hormuz shipping slows

Sunday, August 16 by SRN News

By Florence Tan SINGAPORE, Aug 17 (Reuters) - Oil prices barely moved in early trade on Monday as tanker traffic through the Strait of Hormuz slowed over the weekend with no peace deal in sight between the United States and Iran to end the conflict... Read More.

Current Weather

Exclusive-Shein eyes company valuation of around $25 billion in Hong Kong IPO, sources say

Asian shares are mostly higher while US futures and oil prices hold steady

Alphabet eyes inaugural Australian dollar bond, bookrunner’s message says

The Iran war is forcing families to choose between school for their kids or survival

Ukraine takes aim at Russia’s economy and morale by attacking online retailer

Photos show Cambodian children attend school in floating villages along the Tonle Sap lake.

Japan’s economy manages 1.1% growth rate despite headwinds

Asian shares mark time as Gulf war keeps oil prices up

From coffee to hotpot, brands race to grab a bite of China’s growing burger market

Oil treads water as US-Iran peace talks stall, Hormuz shipping slows

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