Business

Analysis-How the math works on a $1.75 trillion SpaceX valuation

Wednesday, April 8 by SRN News

By Medha Singh, Echo Wang and Noel Randewich April 8 (Reuters) - Elon Musk's SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there.... Read More.

Global banks scale back China rate-cut calls, see policy rate on hold this year

Wednesday, April 8 by SRN News

SHANGHAI, April 8 (Reuters) - Major global investment banks now expect China to keep official interest rates steady this year, scaling back earlier rate-cut calls, as the impact from the Middle East conflict appears limited, even as Beijing maintains a loose policy stance. The receding... Read More.

Swatch urges shareholders to vote against activist investor’s bid for board seat

Wednesday, April 8 by SRN News

ZURICH, April 8 (Reuters) - Swatch has once again opposed GreenWood Investors' bid for a seat on the board and has urged shareholders to vote against the activist investor at its upcoming annual general meeting, the watchmaker said on Wednesday. The Swiss company, which sells... Read More.

Samsung Electronics’ shareholder Shinhan Bank launches $2.1 billion share sale – term sheet

Wednesday, April 8 by SRN News

SINGAPORE/SEOUL, April 8 (Reuters) - Samsung Electronics shareholder Shinhan Bank launched a sale of about $2.1 billion worth of shares in the South Korean company, according to a term sheet seen by Reuters on Wednesday. Shinhan Bank is offering 15 million Samsung Electronics shares at... Read More.

Volatility-linked funds put March US stock selling spree in the rearview mirror

Wednesday, April 8 by SRN News

By Saqib Iqbal Ahmed NEW YORK, April 8 (Reuters) - The heaviest stock selling by volatility-linked funds appears to have largely run its course last month, potentially setting up U.S. indexes for gains should market swings subside in coming weeks. The U.S.-Iran conflict and surging oil... Read More.

Photos show boats sitting idle at Mumbai’s historic dock as the Iran war drives up fuel costs

Wednesday, April 8 by SRN News

MUMBAI, India (AP) - Since it was first built in 1875, the Sassoon Dock in India's financial capital of Mumbai has been many things: a gateway for trade with the Persian Gulf, a bustling hub for traders and laborers, as well as a center... Read More.

IATA chief says jet fuel supply could take months to recover after Hormuz reopening

Wednesday, April 8 by SRN News

SINGAPORE, April 8 (Reuters) - The head of a body representing global airlines said on Wednesday that even if Iran reopened the Strait of Hormuz it would take months for jet fuel supply to recover given disruptions to Middle East refining capacity. Oil fell... Read More.

US carmakers accuse EU of blocking supersized pick-up trucks from roads, FT reports

Wednesday, April 8 by SRN News

April 8 (Reuters) - U.S. carmakers have accused Brussels of keeping their largest pick-up trucks, including the Ford F-150, the Chevy Silverado and the Ram 1500, off European roads, the Financial Times reported on Wednesday. In a separate interview with FT, Andrew Puzder, the U.S.... Read More.

China’s Xi urges demand‑driven growth in services sector

Wednesday, April 8 by SRN News

BEIJING, April 8 (Reuters) - China's President Xi Jinping has called for a demand-driven approach coupled with reform and technological empowerment to develop the service sector, the official Xinhua news agency reported on Wednesday. China will expand and upgrade the services sector, cultivate more "China... Read More.

Morning Bid: Two weeks to breathe

Wednesday, April 8 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee A sparkling relief rally across assets will greet Europe after U.S. President Donald Trump and Iran agreed to a two-week ceasefire that could pave the way for the crucial Strait of... Read More.

Current Weather

Analysis-How the math works on a $1.75 trillion SpaceX valuation

Global banks scale back China rate-cut calls, see policy rate on hold this year

Swatch urges shareholders to vote against activist investor’s bid for board seat

Volatility-linked funds put March US stock selling spree in the rearview mirror

Photos show boats sitting idle at Mumbai’s historic dock as the Iran war drives up fuel costs

IATA chief says jet fuel supply could take months to recover after Hormuz reopening

US carmakers accuse EU of blocking supersized pick-up trucks from roads, FT reports

China’s Xi urges demand‑driven growth in services sector

Morning Bid: Two weeks to breathe

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