Business

Analysis-Biggest risk for sinking bond market is Fed standing pat

Monday, September 14 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, Sept 14 (Reuters) - A global bond market in turmoil is likely to face a Federal Reserve rate hike this week that would boost borrowing costs and slow the economy. But many investors warn the bigger problems could lie ahead... Read More.

Africa’s biggest oil refinery opens to public ownership, sparking excitement among retail investors

Monday, September 14 by SRN News

LAGOS, Nigeria (AP) - Nigerian industrialist Aliko Dangote opened his refinery to public ownership Monday with plans to raise $1.6 billion from retail investors across the continent in Africa's biggest initial public offering, or IPO. Dangote, Africa's richest man, dubbed the IPO one "for the... Read More.

AI warnings knock Nasdaq futures, pressure tech stocks

Monday, September 14 by SRN News

Sept 14 (Reuters) - Futures tracking the Nasdaq 100 index led losses early on Monday, dragged by a selloff in AI heavyweights after top U.S. executives said development of the technology should be slowed due to safety concerns. Shares of Nvidia fell more than 2%... Read More.

China central bank plans new metrics to rein in banks’ long-dated bonds holdings, sources say

Monday, September 14 by SRN News

SHANGHAI, Sept 14 (Reuters) - China's central bank plans to introduce new metrics into its Macro Prudential Assessment framework, aiming to curb banks' excessive holdings in long-dated bonds and funds that could heighten investment risks, sources familiar with the matter said on Monday. The plan... Read More.

Exclusive-Kimberly-Clark readies EU remedies in bid for Kenvue deal, sources say

Monday, September 14 by SRN News

BRUSSELS, Sept 14 (Reuters) - Kimberly-Clark is readying concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal after a preliminary review, people familiar with the matter said. The maker of... Read More.

Electra Therapeutics targets $977.6 million valuation in US IPO

Monday, September 14 by SRN News

Sept 14 (Reuters) - Drug developer Electra Therapeutics is targeting a valuation of up to $977.6 million in its U.S. initial public offering, according to a filing on Monday, extending a comeback in biotech listings this year. The South San Francisco, California-based company is seeking... Read More.

European leaders meet as Arctic thaw opens shipping routes and Russian buildup stokes security fears

Monday, September 14 by SRN News

ROVANIEMI, Finland (AP) - European leaders were meeting Monday to discuss growing competition in the Arctic, where global warming is opening new shipping routes, governments are vying for vast natural resources and a Russian military buildup is heightening security concerns. German Chancellor Friedrich Merz and... Read More.

Tesla sets up Vietnam unit, registration filing shows

Monday, September 14 by SRN News

HANOI, Sept 14 (Reuters) - U.S. electric vehicle maker Tesla has established a subsidiary in Vietnam, according to a newly published business registration filing, marking its formal entry into one of Southeast Asia's fastest-growing EV markets. The new entity, Tesla Motors Vietnam Limited Liability Company,... Read More.

BOJ executive saw need for vigilance to ‘non-linear’ inflation spikes

Monday, September 14 by SRN News

TOKYO, Sept 14 (Reuters) - Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday. The remark, made... Read More.

Carney pitches Canada to global investors as Trump tries to pull investment south

Monday, September 14 by SRN News

TORONTO (AP) - U.S. President Donald Trump wants factories and investment moving south to the United States. Canadian Prime Minister Mark Carney is betting he can make billions flow north. About 300 CEOs and senior executives from some of the world's biggest investment firms will... Read More.

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Current Weather

Analysis-Biggest risk for sinking bond market is Fed standing pat

Africa’s biggest oil refinery opens to public ownership, sparking excitement among retail investors

AI warnings knock Nasdaq futures, pressure tech stocks

China central bank plans new metrics to rein in banks’ long-dated bonds holdings, sources say

Exclusive-Kimberly-Clark readies EU remedies in bid for Kenvue deal, sources say

Electra Therapeutics targets $977.6 million valuation in US IPO

European leaders meet as Arctic thaw opens shipping routes and Russian buildup stokes security fears

Tesla sets up Vietnam unit, registration filing shows

BOJ executive saw need for vigilance to ‘non-linear’ inflation spikes

Carney pitches Canada to global investors as Trump tries to pull investment south

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