Business

Trump officials ruling out Treasury oil futures trades for now, Bloomberg News reports

Friday, March 6 by SRN News

March 6 (Reuters) - The Trump administration is ruling out deploying the Treasury Department to trade oil futures for now, Bloomberg News reported on Friday, citing a person familiar with the matter. Officials discussed getting the Treasury Department involved, but believe its ability to meaningfully... Read More.

Asia shares are mixed following Wall Street’s losses, as oil edges lower

Friday, March 6 by SRN News

HONG KONG (AP) - Asia shares were mixed Friday following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024. U.S. futures edged higher as the war with Iran... Read More.

A Lagos rave rewrites the rules of nightlife, drawing young Nigerians priced out of club culture

Friday, March 6 by SRN News

LAGOS, Nigeria (AP) - On a recent Friday night, thousands of mostly young people trooped into a large auditorium in Lekki, an upscale part of Lagos. Inside, it was hard to discern the faces of people just meters away. The whole hall was dark, lit... Read More.

EssilorLuxottica heir seeks multibillion deal to buy out siblings, FT says

Friday, March 6 by SRN News

March 6 (Reuters) - Leonardo Maria del Vecchio is nearing a deal to buy out two of his siblings from the family holding company Delfin, which controls EssilorLuxottica, the heir told the Financial Times in an interview published on Friday. (Reporting by Gursimran... Read More.

US employers likely added 60,000 jobs last month, subdued but a marked improvement over 2025 hiring

Friday, March 6 by SRN News

WASHINGTON (AP) - The American job market is looking brighter this year than it did in a gloomy 2025. The Labor Department is expected to report Friday that U.S. companies, nonprofits and government agencies added 60,000 jobs last month. That would be down from an... Read More.

China approves Pfizer GLP-1 drug for weight management

Friday, March 6 by SRN News

SHANGHAI, March 6 (Reuters) - China has approved Pfizer's GLP-1 treatment Xianweiying for long-term weight management in overweight or obese adults, the US drugmaker said on WeChat on Friday, boosting competition in a market analysts expect to be worth billions in coming years.The injection... Read More.

Morning Bid: Middle East tumult leaves markets in disarray

Friday, March 6 by SRN News

A look at the day ahead in European and global markets from Rae Wee So U.S. and European stock futures pushed higher on Friday while Asian stocks pared early losses, presumably on a minor retreat in oil prices as the U.S. government mulls intervening in... Read More.

Lufthansa reports 2025 operating profit beat, 2026 outlook murky due to Middle East tension

Friday, March 6 by SRN News

By Joanna Plucinska LONDON, March 6 (Reuters) - Lufthansa on Friday reported better results for its 2025 financial year than expected as stricter financial management and fleet turnover helped it manage costs and maximise profits. Lufthansa reported an adjusted operating profit of 2 billion euros ($2.32... Read More.

Asia struggles to find fuel oil as Middle East exports plummet, sources say

Friday, March 6 by SRN News

By Jeslyn Lerh SINGAPORE, March 6 (Reuters) - Fuel oil traders in Asia are struggling to secure alternative supply as the Iran war curtails shipments from key Middle Eastern suppliers through the Strait of Hormuz, prompting them to look to the West for replacement cargoes.... Read More.

Gulf carriers resume limited flights, but missile fire fuels uncertainty

Friday, March 6 by SRN News

By Julie Zhu HONG KONG, March 6 (Reuters) - Emirates and Etihad Airways were resuming limited flight schedules to key global cities from their United Arab Emirates hubs on Friday, though the ongoing threat of missile fire piled pressure on airlines as they scramble to... Read More.

Current Weather

Trump officials ruling out Treasury oil futures trades for now, Bloomberg News reports

Asia shares are mixed following Wall Street’s losses, as oil edges lower

A Lagos rave rewrites the rules of nightlife, drawing young Nigerians priced out of club culture

EssilorLuxottica heir seeks multibillion deal to buy out siblings, FT says

US employers likely added 60,000 jobs last month, subdued but a marked improvement over 2025 hiring

China approves Pfizer GLP-1 drug for weight management

Morning Bid: Middle East tumult leaves markets in disarray

Lufthansa reports 2025 operating profit beat, 2026 outlook murky due to Middle East tension

Asia struggles to find fuel oil as Middle East exports plummet, sources say

Gulf carriers resume limited flights, but missile fire fuels uncertainty

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