Business

Major central banks strike a more hawkish tone as energy costs jump

Friday, September 11 by SRN News

By Stefano Rebaudo and Sophie Kiderlin Sept 10 (Reuters) - Persistent inflation pressures and resilient economic growth have increased the risk of further rate hikes by major central banks, as energy prices rise and Middle East tensions show little sign of easing. The European Central... Read More.

Premier of Germany’s Lower Saxony walks high wire between VW cuts and AfD

Friday, September 11 by SRN News

By Rachel More and Andreas Rinke BERLIN, Sept 11 (Reuters) - Volkswagen's overhaul has put the leader of Lower Saxony in a bind: backing deep job cuts in the carmaker's biggest restructuring in history while trying to fend off the far-right AfD party that is... Read More.

Zara owner Inditex looks to US for next phase of growth

Friday, September 11 by SRN News

By Helen Reid LONDON, Sept 11 (Reuters) - Fast fashion giant Inditex is investing in the United States as a key growth market, CEO Oscar Garcia Maceiras told Reuters, as the Zara owner opens new stores and revamps existing outlets to woo more aspirational shoppers. Zara... Read More.

Global bond selloff pushes 10-year US yield toward 5% on oil, rate-hike fears

Friday, September 11 by SRN News

By Ankur Banerjee SINGAPORE, Sept 11 (Reuters) - A global bond selloff pushed U.S. 10-year Treasury yields near the closely watched 5% level on Friday as inflationary fears stemming from oil prices surging well beyond $100 a barrel and rising odds of a near-term U.S.... Read More.

Gasoline likely to boost US consumer prices in August

Friday, September 11 by SRN News

By Lucia Mutikani WASHINGTON, Sept 11 (Reuters) - U.S. consumer prices likely accelerated in August as the cost of gasoline rebounded after two straight monthly declines, which would reinforce financial market expectations that the Federal Reserve could raise interest rates next week. The Labor Department's Consumer... Read More.

China targets mass deployment of self-driving vehicles by 2030

Friday, September 11 by SRN News

BEIJING, Sept 11 (Reuters) - China's industry ministry unveiled on Thursday a roadmap to strengthen its smart electric vehicle industry, targeting large-scale deployment of autonomous-driving vehicles by 2030 and greater global influence for its auto sector. Key targets and policy... Read More.

Morning Bid: Lenders say show me the money as bond carnage spreads

Friday, September 11 by SRN News

A look at the day ahead in European and global markets from Stella Qiu Perhaps promising to borrow $1.3 trillion to give to every American who votes for you wasn't such a good idea. It may not have been the direct cause of the bond... Read More.

Novartis investors turn spotlight on M&A after trial setbacks

Friday, September 11 by SRN News

By Bhanvi Satija, Oliver Hirt and Marleen Kaesebier LONDON/ZURICH, Sept 11 (Reuters) - Novartis investors are set to step up scrutiny of the Swiss group's dealmaking strategy after setbacks to drugs it acquired through mergers and acquisitions hit its shares, raising concerns about its pipeline. Eight... Read More.

The US has loosened Iran’s grip on the Strait of Hormuz, but the costly war is far from over

Friday, September 11 by SRN News

In recent weeks, the United States has succeeded in loosening Iran's grip over the Strait of Hormuz while virtually shutting down Iran's own oil exports, accelerating its economic free fall. But the war launched by the U.S. and Israel in February - intended to last... Read More.

Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence

Friday, September 11 by SRN News

WASHINGTON (AP) - Friday's inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its short-term... Read More.

Current Weather

Major central banks strike a more hawkish tone as energy costs jump

Premier of Germany’s Lower Saxony walks high wire between VW cuts and AfD

Zara owner Inditex looks to US for next phase of growth

Global bond selloff pushes 10-year US yield toward 5% on oil, rate-hike fears

Gasoline likely to boost US consumer prices in August

China targets mass deployment of self-driving vehicles by 2030

Morning Bid: Lenders say show me the money as bond carnage spreads

Novartis investors turn spotlight on M&A after trial setbacks

The US has loosened Iran’s grip on the Strait of Hormuz, but the costly war is far from over

Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence

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