Business

BlackRock private credit fund redemption requests ease in third quarter

Friday, September 11 by SRN News

Sept 11 (Reuters) - Asset manager BlackRock's flagship private credit fund received fewer withdrawal requests in the third quarter than in the previous period, offering an early sign that redemption pressures across the industry may be easing. Wealthy individuals have retreated from non-traded private credit... Read More.

Chevron CEO says depleted crude oil buffers could lead to higher prices

Friday, September 11 by SRN News

By Sheila Dang AUSTIN, Texas, Sept 11 (Reuters) - Chevron CEO Mike Wirth said on Friday that oil buffers that limited crude price increases earlier in the Iran war have been depleted, and the conflict could lift prices further over the next few months. Since the... Read More.

German union demands Volkswagen commitment to 2024 labour agreement

Friday, September 11 by SRN News

By Christina Amann and Rachel More HANOVER, Germany, Sept 11 (Reuters) - Germany's IG Metall is demanding Volkswagen commits to honouring a landmark labour deal struck in 2024, a leading union representative said, citing fears that a recent turnaround agreement could undermine it with mass... Read More.

August core inflation reading boosts rate-hike expectations

Friday, September 11 by SRN News

NEW YORK, Sept 11 (Reuters) - U.S. consumer prices accelerated in August as the cost of gasoline rebounded after two straight monthly declines, bolstering market expectations that the Federal Reserve will raise interest rates next week. The Consumer Price Index increased 0.4% last month after... Read More.

Trump administration lends $100M to US-owned cell phone network in Africa to expand American tech

Friday, September 11 by SRN News

CAPE TOWN, South Africa (AP) - The Trump administration has provided a $99.6 million loan to a U.S.-owned cell phone network operator in Africa to expand American tech presence on a continent where China's Huawei is a leading player. The loan from the U.S. government's... Read More.

US inflation picked up as gas prices marched higher due to conflict in the Middle East

Friday, September 11 by SRN News

WASHINGTON - Inflation accelerated in August as a renewed conflict in the Middle East pushed gasoline prices sharply higher, creating a fresh affordability challenge just weeks before voters decide whether to preserve Republican control of Congress. The consumer price index increased 3.4% from a year... Read More.

Nigeria’s parliament suspends engagements with South Africa over anti-migrant violence

Friday, September 11 by SRN News

ABUJA, Nigeria (AP) - Nigeria's parliament said Friday that it's suspending official visits to South Africa indefinitely over anti-immigrant protests targeting other Africans. The violent protests, which erupted in South Africa earlier this year, have forced thousands of migrants to leave and caused diplomatic... Read More.

Morning Bid: Take a hike

Friday, September 11 by SRN News

By Anna Szymanski Sept 11 (Reuters) - As summer fades, so have hopes for a quick resolution to the U.S.-Iran conflict, as tit-for-tat strikes, new threats in the Red Sea, and President Donald Trump's comments about the war lasting through November have all helped... Read More.

Investors pull money from equity funds as rising oil prices fuel inflation fears

Friday, September 11 by SRN News

Sept 11 (Reuters) - Global equity funds recorded significant outflows in the week through September 9, as a surge in oil prices amid the U.S.-Iran war heightened concerns about inflation and rising borrowing costs. LSEG Lipper data showed that global equity funds recorded net outflows... Read More.

Kroger cuts annual sales forecast as consumer spending sputters

Friday, September 11 by SRN News

Sept 11 (Reuters) - U.S. grocer Kroger cut its annual identical sales forecast on Friday, underscoring cautious consumer spending even in categories like staples such as food and household items amid growing macroeconomic uncertainty. Shares of the company were down about 1.5% in premarket trading. U.S.... Read More.

Current Weather

BlackRock private credit fund redemption requests ease in third quarter

Chevron CEO says depleted crude oil buffers could lead to higher prices

German union demands Volkswagen commitment to 2024 labour agreement

August core inflation reading boosts rate-hike expectations

Trump administration lends $100M to US-owned cell phone network in Africa to expand American tech

US inflation picked up as gas prices marched higher due to conflict in the Middle East

Nigeria’s parliament suspends engagements with South Africa over anti-migrant violence

Morning Bid: Take a hike

Investors pull money from equity funds as rising oil prices fuel inflation fears

Kroger cuts annual sales forecast as consumer spending sputters

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