Business

Eyeing control of Brazil’s Raizen, IG4 approaches Moelis and Journey

Tuesday, June 16 by SRN News

By Luciana Magalhaes SAO PAULO, June 16 (Reuters) - Independent investment bank Moelis & Company and financial consultancy firm Journey Capital, advisers to creditors of sugar and ethanol producer Raizen, received non-binding offers from private equity firm IG4 late on Monday to acquire credits and... Read More.

Trading Day: US stocks mixed, oil slides, SpaceX continues its ascent

Tuesday, June 16 by SRN News

NEW YORK, June 16 (Reuters) - Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-peace-deal slide. I will go into more detail on today's... Read More.

Oracle says details in report of failed Microsoft cloud deal ‘inaccurate’

Tuesday, June 16 by SRN News

June 16 (Reuters) - Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate. The report had said that Microsoft's discussions with Oracle regarding a cloud infrastructure leasing deal... Read More.

African and Commonwealth nations in Kenya urge quick execution of a key treaty protecting oceans

Tuesday, June 16 by SRN News

MOMBASA, Kenya (AP) - African and Commonwealth nations called Tuesday for a swift implementation of a landmark treaty protecting the high seas, warning that despite record commitments to marine conservation, much of the world's ocean protection still exists only on paper. The call to action... Read More.

Rivian trims workforce by about 2% amid profitability push

Tuesday, June 16 by SRN News

June 16 (Reuters) - Electric-vehicle maker Rivian said on Tuesday it is laying off less than 2% of its workforce as part of ongoing efforts to scale its operations profitably. The company, which employed 15,232 people as of December last year, has said it ⁠no... Read More.

Nearly half of investors plan to boost EM private credit – Gemcorp survey

Tuesday, June 16 by SRN News

By Libby George LONDON, June 16 (Reuters) - Some 42% of institutional investors plan to increase their private credit allocations to emerging markets over the next two years, according to a survey by emerging markets asset manager Gemcorp, which could provide a significant inflow of... Read More.

EU must tap trillions of euros in private savings to keep up with US and China, investors say

Tuesday, June 16 by SRN News

(Adds bylines and tag) By Charlie Devereux and Yoruk Bahceli LONDON, June 16 (Reuters) - Europe must tap into trillions of euros of private savings to fund the economic transformation it needs to compete with the U.S. and China, investors and policy makers said on Tuesday... Read More.

Pentagon commits $500 million loan to Phoenix Tailings for rare earth plant

Tuesday, June 16 by SRN News

June 16 (Reuters) - Phoenix Tailings said on Tuesday the Pentagon's Office of Strategic Capital has conditionally committed $500 million in long-term debt financing to the company to construct a rare earth midstream processing plant in the U.S. Here are more details: • The federal commitment... Read More.

Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open

Tuesday, June 16 by SRN News

By Scott DiSavino NEW YORK, June 16 (Reuters) - Oil prices fell about 5% to a three-month low on Tuesday as traders hoped the U.S. and Iran would agree to end the war and allow oil to flow through the Strait of Hormuz. Prices, which were... Read More.

GM, Lockheed to collaborate on defense projects

Tuesday, June 16 by SRN News

By Kalea Hall DETROIT, June 16 (Reuters) - General Motors and defense company Lockheed Martin are collaborating on projects to strengthen the U.S. manufacturing and defense industrial base, the companies said Tuesday. GM Defense, the automaker's defense business unit, and Lockheed said the U.S. Department... Read More.

Current Weather

Eyeing control of Brazil’s Raizen, IG4 approaches Moelis and Journey

Trading Day: US stocks mixed, oil slides, SpaceX continues its ascent

African and Commonwealth nations in Kenya urge quick execution of a key treaty protecting oceans

Rivian trims workforce by about 2% amid profitability push

Nearly half of investors plan to boost EM private credit – Gemcorp survey

EU must tap trillions of euros in private savings to keep up with US and China, investors say

Pentagon commits $500 million loan to Phoenix Tailings for rare earth plant

Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open

GM, Lockheed to collaborate on defense projects

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