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Tuesday, October 14
by
SRN News
Greece sees 2nd general strike this month as unions protest new labor law
ATHENS, Greece (AP) — Thousands of demonstrators marched through the streets of Athens Tuesday as Greece’s labor unions called the country’s second general strike this month to protest a new labor law. The 24-hour strike disrupted ferry schedules to and from the Greek islands while ...
Tuesday, October 14
by
SRN News
Frontier debt risks ‘going dark’ amid high costs and creative deals
By Libby George and Karin Strohecker LONDON/WASHINGTON (Reuters) -The need for emerging economies to be more transparent about their debt is one issue uniting wealthy countries and multilateral lenders in a fractious, divided world where the international order and development finance face pressure. The World ...
Tuesday, October 14
by
SRN News
China takes steps against US-linked units of S.Korea shipbuilder Hanwha
By Liz Lee, Yukun Zhang and Heejin Kim BEIJING/SEOUL (Reuters) -China announced sanctions on Tuesday against five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean amid trade tensions between the world’s two largest economies, sending the company’s shares sharply lower. The move, announced by the Chinese ...
Tuesday, October 14
by
SRN News
German final inflation confirmed at 2.4% in September
BERLIN (Reuters) -German inflation rose slightly in September to 2.4%, the federal statistics office said on Thursday, confirming preliminary data. Inflation, or consumer prices harmonised to compare with other European Union countries, stood at 2.1% year-on-year in August. The statistics office gives more detailed monthly data ...
Tuesday, October 14
by
SRN News
Morning Bid: Dancing ship-to-ship
A look at the day ahead in European and global markets from Gregor Stuart Hunter: Container ports are the new economic battlegrounds. As negotiations between the U.S. and China intensify, the two nations will from today begin charging port fees on ocean shipping firms that move ...
Tuesday, October 14
by
SRN News
Exclusive-PayPay valuation could exceed $20 billion in planned December US IPO, sources say
By Miho Uranaka and Echo Wang TOKYO/NEW YORK (Reuters) -Investors expect the valuation of PayPay could exceed 3 trillion yen ($20 billion) as SoftBank prepares for an initial public offering of the Japanese payments app operator in the United States as early as December, according ...
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Tuesday, October 14
by
SRN News
Indian textile exporters turn to Europe, offer discounts to offset US tariffs
By Anmol Choubey (Reuters) -Indian textile exporters are seeking new buyers in Europe and offering discounts to existing U.S. customers to cushion the blow from steep U.S. tariffs of as much as 50%, industry executives said. President Donald Trump doubled tariffs in August on Indian imports, ...
Monday, October 13
by
SRN News
Chipmaking supplier ASML set to ride AI megadeals wave
By Nathan Vifflin and Toby Sterling (Reuters) -Multi-billion dollar deals between AI firms and computer chipmakers are expected to strengthen top semiconductor equipment maker ASML’s outlook when it reports third-quarter earnings on Wednesday. Investors and analysts expect to see evidence that customers of the Dutch firm, ...
Monday, October 13
by
SRN News
Asian shares are mixed and US futures little changed after Wall St rally
TOKYO (AP) — Asian shares were trading mixed on Tuesday after a rally on Wall Street spurred by U.S. President Donald Trump’s reassurances over relations with China. Japan’s benchmark Nikkei 225 slipped 1.4% to 47,419.87, as trading resumed following a national holiday Monday. In ...
Monday, October 13
by
SRN News
Exclusive-Spain the frontrunner for Chinese carmaker BYD’s third European plant, sources say
(Reuters) -China’s No. 1 automaker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two people briefed on the matter told Reuters, as the company seeks to grow sales on the continent. A BYD assembly plant, joining ...
Monday, October 13
by
SRN News
Oil edges up as US-China de-escalate trade tensions
By Anjana Anil (Reuters) -Oil prices rose on Tuesday as early signs of a thaw in U.S.-China trade tensions bolstered market sentiment, alleviating concerns over global fuel demand. U.S. Treasury Secretary Scott Bessent said on Monday President Donald Trump remains committed to meeting Chinese President Xi ...
Monday, October 13
by
SRN News
Asian markets struggle for gains as Wall Street recovers
By Gregor Stuart Hunter SINGAPORE (Reuters) -Asian stocks made a tentative rebound in early trade on Tuesday, with an uneven recovery taking place across regional equity markets after signs that trade negotiations between the U.S. and China remain on track. MSCI’s broadest index of Asia-Pacific shares ...
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