Business

Carlyle private credit fund bleeds out amid industry-wide investor exodus

Thursday, April 9 by SRN News

April 9 (Reuters) - Carlyle's flagship private-credit interval fund has been hit by a wave of redemptions, according to a shareholder letter seen by Reuters on Thursday, as an investor exodus over fears of a looming downturn in the sector continues. A spate of credit... Read More.

USA Rare Earth considers building French magnet plant

Thursday, April 9 by SRN News

By Eric Onstad LONDON, April 9 (Reuters) - USA Rare Earth is considering building a permanent magnet plant in France, its CEO said on Thursday, after agreeing to pay 40 million euros ($47 million) for a stake in French rare earth processing firm Carester. The United... Read More.

Nike in exclusive talks to be match ball provider for UEFA men’s club from 2027

Thursday, April 9 by SRN News

April 9 (Reuters) - The joint venture between UEFA and European Football Clubs, UC3, said on Thursday it has entered exclusive negotiations with Nike to become the official match ball provider for all UEFA men's club competitions from 2027 to 2031. A deal would mark... Read More.

Brazil court removes BYD from list of firms linked to forced labor

Thursday, April 9 by SRN News

RIO DE JANEIRO, April 9 (Reuters) - A Brazilian court issued an injunction removing Chinese automaker BYD from a government list of firms accused of employing workers in slavery-like conditions, a document seen by Reuters on Thursday showed. (Reporting by Fabio Teixeira) Brought to you... Read More.

Iran war puts focus on petrochemicals used in numerous products and a driver of climate change

Thursday, April 9 by SRN News

BOGOTA, Colombia (AP) - The Iran war has exposed deep vulnerability in the global economy: dependence not just on oil, gas and coal for fuel, but on petrochemicals that underpin everything from food production to plastic packaging. As disruptions ripple through energy markets, the war... Read More.

Wall St opens muted over fragile Mideast truce; inflation data parsed

Thursday, April 9 by SRN News

April 9 (Reuters) - Wall Street's main indexes opened muted on Thursday after rallying in the previous session, as cracks emerged in the fragile Middle East ceasefire, while investors parsed through an in-line inflation reading. The Dow Jones Industrial Average fell 69.3 points, or 0.14%,... Read More.

Chevron sees Iran war oil boost, warns hedging to weigh

Thursday, April 9 by SRN News

By Sumit Saha April 9 (Reuters) - Chevron said on Thursday it expected first-quarter upstream earnings to rise between $1.6 billion and $2.2 billion from the previous quarter, fueled by higher oil prices due to the Iran war, though an impact from hedging could weigh... Read More.

Unilever to buy supplements brand Grüns, boosting wellbeing focus post food spin-off

Thursday, April 9 by SRN News

April 9 (Reuters) - Unilever said on Thursday it will buy U.S.-based nutritional supplements brand Grüns for an undisclosed amount, as the British consumer goods giant increases its focus on wellbeing and beauty products. This is Unilever's first acquisition since it agreed last month to... Read More.

US filings for jobless aid jump to 219,00 last week but remain within stable range of past few years

Thursday, April 9 by SRN News

WASHINGTON (AP) - U.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture. The number of Americans applying for jobless aid for the week... Read More.

US economy grew a sluggish 0.5% in fourth quarter, government says, downgrading previous estimate

Thursday, April 9 by SRN News

WASHINGTON (AP) - The American economy, slowed by last fall's 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported Thursday in downgrade of its previous estimate. U.S. gross domestic - the nation's output of goods and... Read More.

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Current Weather

Carlyle private credit fund bleeds out amid industry-wide investor exodus

USA Rare Earth considers building French magnet plant

Nike in exclusive talks to be match ball provider for UEFA men’s club from 2027

Iran war puts focus on petrochemicals used in numerous products and a driver of climate change

Wall St opens muted over fragile Mideast truce; inflation data parsed

Chevron sees Iran war oil boost, warns hedging to weigh

Unilever to buy supplements brand Grüns, boosting wellbeing focus post food spin-off

US filings for jobless aid jump to 219,00 last week but remain within stable range of past few years

US economy grew a sluggish 0.5% in fourth quarter, government says, downgrading previous estimate

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