Business

At the Venice Film Festival, grappling with the state of the world and crying with Oasis

Friday, September 11 by SRN News

VENICE, Italy (AP) - The Venice Film Festival was lighter on blockbuster Hollywood fare this year, but that might have been a good thing in the end: There were more important things to talk about. As the 83rd edition winds down, here are some of... Read More.

US budget deficit shrinks in August, year-to-date flat at $1.97 trillion

Friday, September 11 by SRN News

Sept 11 (Reuters) - The U.S. federal budget deficit for August shrank to $167 billion due largely to some calendar shifts in benefit payments rather than any underlying trend, leaving the fiscal-year-to-date budget gap essentially flat at $1.97 trillion, the U.S. Treasury said on... Read More.

The Houthi advance in Yemen raises concerns about a key shipping choke point

Friday, September 11 by SRN News

FRANKFURT, Germany (AP) - The capture of the Red Sea port of Mokha and a strategic island by Iran-backed Houthi rebels in Yemen brings their forces to the heart of a key choke point for the global economy: the Bab el-Mandeb Strait leading out... Read More.

Diesel prices are hitting record highs at a bad time for many US farmers

Friday, September 11 by SRN News

FOREST CITY, Mo. (AP) - The price of diesel is hitting record highs just when many U.S. farmers need it to power combines, tractors and other equipment to harvest two of the nation's largest commodities, soybeans and corn. The spike adds to an already tough... Read More.

Modi holds talks with Putin and Iran’s president before BRICS summit of 11 nations

Friday, September 11 by SRN News

NEW DELHI (AP) - Indian Prime Minister Narendra Modi held talks with Russian President Vladimir Putin and Iranian President Masoud Pezeshkian separately in New Delhi on Friday as the countries seek to strengthen ties before a weekend summit of the BRICS nations. BRICS, chaired by... Read More.

Tesla eyes European freight market with long-delayed Semi truck

Friday, September 11 by SRN News

Sept 11 (Reuters) - Tesla plans to bring its Semi electric truck to Europe, broadening its reach beyond North America as it seeks foothold in a heavy-duty market where rivals already sell battery-powered models. The Elon Musk-led automaker will disclose European specifications and launch details... Read More.

Coffee traders’ big shipments are set to boost exchange stocks and weigh on prices

Friday, September 11 by SRN News

By May Angel and Marcelo Teixeira LONDON/NEW YORK, Sept 11 (Reuters) - Traders are planning to deliver significant volumes of arabica coffee from the world's biggest producer Brazil to ICE exchange warehouses, where stocks have sunk to 26-year lows and driven up prices, dealers, brokers... Read More.

Oil tanker rates hit record highs following Iran, US shipping attacks

Friday, September 11 by SRN News

By Enes Tunagur LONDON, Sept 11 (Reuters) - The cost of shipping oil in the largest tankers hit record highs this week following the biggest wave of attacks on shipping since the U.S.-Iran war began in late February. The shipping rate for supertankers - also called... Read More.

US consumer sentiment deteriorates in September, inflation expectations rise

Friday, September 11 by SRN News

WASHINGTON, Sept 11 (Reuters) - U.S. consumer sentiment deteriorated in early September as rising gasoline prices and trade tensions stoked fears of higher inflation over the next 12 months, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment... Read More.

QatarEnergy seeks US LNG deals through to 2031, sources say

Friday, September 11 by SRN News

By Marwa Rashad and Curtis Williams LONDON/HOUSTON, Sept 11 (Reuters) - QatarEnergy is negotiating with several producers to secure multi-year U.S. liquefied natural gas contracts through 2031 to replace capacity knocked out by Iranian attacks that will take years to repair, three trading and industry... Read More.

Current Weather

At the Venice Film Festival, grappling with the state of the world and crying with Oasis

US budget deficit shrinks in August, year-to-date flat at $1.97 trillion

The Houthi advance in Yemen raises concerns about a key shipping choke point

Diesel prices are hitting record highs at a bad time for many US farmers

Modi holds talks with Putin and Iran’s president before BRICS summit of 11 nations

Tesla eyes European freight market with long-delayed Semi truck

Coffee traders’ big shipments are set to boost exchange stocks and weigh on prices

Oil tanker rates hit record highs following Iran, US shipping attacks

US consumer sentiment deteriorates in September, inflation expectations rise

QatarEnergy seeks US LNG deals through to 2031, sources say

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