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Morning Bid: Will they or won’t they?

A look at the day ahead in European and global markets from Ankur Banerjee The ever-inching prospect of a deal to end the Iran war and open the Strait of Hormuz paved the way for investors to put on their risk-on hat on Monday, sending ...
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Australia’s Guzman y Gomez sued in US over alleged failure to notify staff of closure

May 25 (Reuters) - A group of U.S. employees have sued Sydney-listed Guzman y Gomez in an Illinois court, alleging the Mexican-themed fast-food chain did not give prior notice to staff before closing all its Chicago restaurants, a court document showed on Monday. Guzman y ...
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Huawei’s ‘chip queen’ etches her name in China’s tech folklore

By Che Pan and Eduardo Baptista SHANGHAI/BEIJING, May 25 (Reuters) - When He Tingbo was put in charge of Huawei's chip development in 2003, the young engineer was handed an annual budget of $400 million and a mandate that would eventually put her at ...
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Toshifumi Suzuki, the Japanese behind the ‘conbini’ empire, has died. He was 93.

TOKYO (AP) - Toshifumi Suzuki, the Japanese businessman credited with creating the 7-Eleven convenience-chain global retail empire, has died. He was 93. Suzuki, an honorary adviser at Seven & i Holdings, died on May 18 of heart failure at his Tokyo home, the company ...
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Dollar slumps as signs of deal to reopen Hormuz spur risk appetite

By Gregor Stuart Hunter SINGAPORE, May 25 (Reuters) - The dollar slipped at the start of Asian trading on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the Trump administration played down ...
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Seven & I says former chairman Toshifumi Suzuki dies at age of 93

TOKYO, May 25 (Reuters) - Seven & I Holdings said on Monday that former chairman Toshifumi Suzuki died on May 18 at the age of 93. Known as the father of Japan's convenience store industry, Suzuki set up Seven-Eleven Japan in 1973, and expanded ...
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Asian shares mostly gain and oil prices fall after Trump says peace talks on Iran war are proceeding

TOKYO (AP) - Asian shares mostly rose Monday and oil prices plunged after U.S. President Donald Trump said talks on ending the war with Iran are progressing. Japan's benchmark Nikkei 225 surged 3.1% in morning trading to 65,321.56. Australia's S&P/ASX 200 added 0.4% to ...
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Oil slips to 2-week low as US-Iran seen moving closer to peace deal

By Florence Tan SINGAPORE, May 25 (Reuters) - Oil prices hit two-week lows on Monday on optimism that the U.S. and Iran were moving closer towards a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz ...
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Stocks rise, oil and dollar slide on Middle East peace hopes

By Ankur Banerjee SINGAPORE, May 25 (Reuters) - U.S. stock futures rose on Monday while the dollar and oil prices slipped as the prospect of a deal to end the Iran war buoyed risk appetite although a lack of clarity over when the Strait of ...
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Nissan unit scraps plan to make EV powertrains in UK, Nikkei says

TOKYO, May 24 (Reuters) - Nissan Motor subsidiary JATCO has scrapped its plan to make electric vehicle (EV) powertrains in Sunderland, Britain, in light of sluggish demand for Nissan's EVs in Europe, the Nikkei business daily reported on Sunday. In January 2025, JATCO announced ...
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Ukrainian drone attack triggers fire at a Russian oil terminal

A Ukrainian drone attack caused a fire at another Russian oil terminal overnight, local officials in Russia's Krasnodar region said Saturday, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in the city of Novorossiysk said falling drone debris sparked ...
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Deadliest coal mine explosion in China in years kills at least 82 people, local officials say

BEIJING (AP) - A gas explosion at a coal mine in China's northern Shanxi province killed at least 82 people, local officials said Saturday, in what was the country's deadliest mining accident in recent years. The official Xinhua News Agency said the accident at Changzhi ...
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