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Biden speaks to Morehouse grads after season of campus unrest over Gaza
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Sunday, May 5
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SRN News
ECB rate cut case getting stronger, says chief economist Lane
FRANKFURT (Reuters) – The case for a European Central Bank interest rate cut in June is getting stronger as services inflation is finally starting to ease, ECB Chief Economist Philip Lane told Spanish newspaper El Confidencial on Monday. The ECB has ...
Sunday, May 5
by
SRN News
Asia shares rally on Fed cut bets; yen pares gains
By Rae Wee SINGAPORE (Reuters) – Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo’s suspected currency intervention. Trading was thinned ...
Sunday, May 5
by
SRN News
China’s services activity eases in April but still solid, Caixin PMI shows
BEIJING (Reuters) – China’s services activity expansion slowed a touch amid rising costs, but growth in new orders accelerated and business sentiment rose solidly in a boost to hopes of a sustained economic recovery, a private sector survey showed on ...
Sunday, May 5
by
SRN News
Oil nudges higher after Saudi Arabia hikes prices
By Florence Tan SINGAPORE (Reuters) – Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen ...
Sunday, May 5
by
SRN News
Gasoline demand growth to slow this year on EV growth in China, U.S.
By Mohi Narayan NEW DELHI (Reuters) – Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the United States and a return to normal consumption after ...
Sunday, May 5
by
SRN News
Dollar steady after soft US jobs report; yen starts week on back foot
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was broadly steady on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates twice this year, while the yen was a tad weaker to start ...
Sunday, May 5
by
SRN News
Westpac raises share buyback by $661 million even as costs and competition bite
By Sameer Manekar (Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even as its first-half profit fell 16% on tight competition and high costs. Traditionally beneficiaries of rising ...
Sunday, May 5
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SRN News
Australia’s Qantas agrees to $66 million penalty in flight cancellation case
(Reuters) -Australian airline Qantas Airways said on Monday it had agreed to pay a penalty of A$100 million ($66 million) to settle a lawsuit that accused it of illegally selling thousands of tickets for flights that had already been cancelled. The penalty is subject ...
Sunday, May 5
by
SRN News
Qantas Airways faces $66 million court penalty for flight cancellations
(Reuters) -Australian flagship airline Qantas Airways said on Monday it reached a settlement agreement with the country’s competition regulator under which it may be obliged to pay A$100 million ($66 million) civil penalty in a flight cancellation case. The penalty would be subject to ...
Sunday, May 5
by
SRN News
Westpac announces new $661 million buyback and special dividend, profit slumps
By Sameer Manekar (Reuters) -Australian bank Westpac declared a special dividend on Monday and raised its share repurchase program by A$1 billion ($661 million) citing a strong balance sheet even as its first-half profit fell by 16% on intense competition and high costs. Traditionally beneficiaries of ...
Sunday, May 5
by
SRN News
Berkshire Hathaway event gives good view of Warren Buffett’s successor but also raises new questions
This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility ...
Sunday, May 5
by
SRN News
Morning Bid: Green light from financial conditions, FX calm
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investor sentiment in Asia is set to open the week on a positive note on Monday, buoyed by last week’s upward momentum in global stocks, calmer currency markets, ...
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