Business

China leaves lending benchmarks unchanged for 11th month in April

Sunday, April 19 by SRN News

SHANGHAI, April 20 (Reuters) - China on Monday left benchmark loan prime rates (LPRs) unchanged for the 11th consecutive month in April, in line with market expectations. WHY IT'S IMPORTANT Solid economic growth at the start of the year and a pick-up in inflation reduced the... Read More.

National Australia Bank flags $503 million impairment hit on Mideast volatility

Sunday, April 19 by SRN News

By Scott Murdoch and Shivangi Lahiri April 20 (Reuters) - Australia's largest business lender, National Australia Bank, on Monday said it expects to incur credit impairment charges of A$706 million ($503 million) in the first half, as the Iran war roils the global economy... Read More.

Asian airlines report Europe demand surge as Gulf hub disruption shifts traffic

Sunday, April 19 by SRN News

By Julie Zhu HONG KONG, April 20 (Reuters) - Major Asian airlines have reported surging demand on European routes as travellers shun disrupted Middle Eastern hubs, in a shift analysts suggest could persist for some time even after the Iran conflict ends. Hong Kong's Cathay Pacific... Read More.

Oil prices rebound 7% as Strait of Hormuz is closed again

Sunday, April 19 by SRN News

SINGAPORE, April 20 (Reuters) - Oil prices rebounded more than 7% on Monday after tumbling more than 9% on Friday as the Strait of Hormuz closed after the U.S. and Iran said that the other party has violated the ceasefire deal by attacking ships. Brent... Read More.

Dollar rebounds as Middle East tensions reignite, Hormuz closed

Sunday, April 19 by SRN News

By Gregor Stuart Hunter TOKYO, April 20 (Reuters) - The dollar headed for its highest level in a week at the start of Asian trading on Monday as renewed tensions in the Middle East sent investors scurrying for safe havens. The dollar index, which measures the... Read More.

Oil jumps and stock futures slip as Iran tensions unsettle markets

Sunday, April 19 by SRN News

By Yoruk Bahceli April 20 (Reuters) - Oil prices jumped, the U.S. dollar rose and stock futures fell on Monday as investors dealt with conflicting messages about the Iran war and news that the Strait of Hormuz was closed again. In early Asian trading Brent crude... Read More.

The Media Line: Turkey, Syria, and Jordan Advance Rail Network Linking Gulf to Europe

Sunday, April 19 by SRN News

Turkey, Syria, and Jordan Advance Rail Network Linking Gulf to Europe Rizik Alabi/ The Media Line Staff [DAMASCUS] Turkey, Syria, and Jordan have announced a trilateral agreement to develop a regional rail corridor linking Europe to the Gulf, marking... Read More.

Eli Lilly in advanced talks to acquire Kelonia Therapeutics for over $2 billion, WSJ says

Sunday, April 19 by SRN News

April 19 (Reuters) - Eli Lilly is in advanced talks to acquire Kelonia Therapeutics for more than $2 billion, the Wall Street Journal reported on Sunday. Reuters could not immediately verify the report. (Reporting by Mihika Sharma in Bengaluru; Editing by Lisa Shumaker) Brought... Read More.

QXO to buy commercial roofing firm TopBuild for $17 billion

Sunday, April 19 by SRN News

By Mihika Sharma and Gursimran Mehar April 19 (Reuters) - U.S. construction supplies distributor QXO said on Sunday it will acquire commercial roofing firm TopBuild for about $17 billion, adding to a wave of acquisitions by the company led by billionaire dealmaker Brad... Read More.

Bank creditors for Brazil’s Raizen make restructuring proposal, Bloomberg reports

Sunday, April 19 by SRN News

April 19 (Reuters) - Brazilian fuel and sugar giant Raizen's bank creditors have presented the company with a new restructuring proposal, Bloomberg News reported on Sunday. As part of the plan, creditors are proposing that 30% of the proceeds from the sale of... Read More.

Current Weather

China leaves lending benchmarks unchanged for 11th month in April

National Australia Bank flags $503 million impairment hit on Mideast volatility

Asian airlines report Europe demand surge as Gulf hub disruption shifts traffic

Oil prices rebound 7% as Strait of Hormuz is closed again

Dollar rebounds as Middle East tensions reignite, Hormuz closed

Oil jumps and stock futures slip as Iran tensions unsettle markets

The Media Line: Turkey, Syria, and Jordan Advance Rail Network Linking Gulf to Europe

Eli Lilly in advanced talks to acquire Kelonia Therapeutics for over $2 billion, WSJ says

QXO to buy commercial roofing firm TopBuild for $17 billion

Bank creditors for Brazil’s Raizen make restructuring proposal, Bloomberg reports

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