Aug 4 (Reuters) – Qantas Airways said on Tuesday Jetstar Japan would buy back its 33.32% stake in the budget carrier in an 8.2 billion yen ($52.11 million) deal, paving the way for it to come under Japanese ownership and rebrand under a new name. As part of the deal signed by Qantas, Japan Airlines
Aug 4 (Reuters) – Singapore’s Grab raised its annual revenue and profit forecasts on Tuesday, banking on promotions and expansion efforts to drive demand for its ride-hailing and delivery services. The upbeat projections and a new $750 million share buyback program pushed shares of the Nasdaq-listed
WASHINGTON (AP) — Twenty-five states sued the Trump administration Monday over its latest tariffs, calling them a pretext for replacing import taxes the Supreme Court struck down in February. The United States last month imposed double-digit tariffs on 59 countries and the European Union, charging t
NEW YORK, Aug 3 (Reuters) – The owner of SuKarne, Mexico’s largest meat exporter, is exploring a sale that could value the company at over $2 billion, according to people familiar with the matter. The company is working with investment banks Rabobank and BBVA on the sale process, the people said, re
By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) – U.S. stocks rallied strongly and the Dow notched a record-high close on Monday, boosted by solid manufacturing data and optimism around earnings and U.S.-Iran peace hopes, while the yen slumped to a three-month low after a historic bout of coordi
By Arathy Somasekhar and Siddharth Cavale HOUSTON, Aug 3 (Reuters) – U.S. oil exports in July fell to 3.66 million barrels per day, the lowest level in eight months, ship tracking data showed, as a short-lived peace deal between the U.S. and Iran in June briefly flooded markets with Middle Eastern o
Aug 3 (Reuters) – Pine-Sol maker Clorox forecast annual sales above analysts’ expectations on Monday, betting on improving demand for its health and wellness segments as well as from international customers despite macroeconomic uncertainty. Here are more details: • Consumers continued to stock up o
NEW YORK (AP) — Bank accounts held by President Donald Trump were closed by Capital One in 2021 after it flagged financial activity that had characteristics of money laundering, the bank disclosed in a court filing over the weekend. The court filing is tied to a lawsuit filed against Capital One by
WASHINGTON (AP) — In negotiations with Republican senators whose support he needs to be confirmed as attorney general, Todd Blanche formally rescinded a $1.8 billion fund meant to compensate President Donald Trump’s political allies. But a sweeping audit immunity plan conferred on the president, his
The Federal Aviation Administration on Monday approved the smallest model of Boeing’s Max jetliners for commercial service nearly a decade after the aircraft manufacturer first unveiled the plane. Certification of the Boeing 737 Max 7 represents a milestone in the company’s work to overcome years of
By Jarrett Renshaw and Sheila Dang WASHINGTON, Aug 3 (Reuters) – U.S. President Donald Trump accused ExxonMobil and Chevron on Monday of making “too much money” off higher fuel prices and said the oil giants should “give some of that back to the public,” a notable break from his usual alliance with
Aug 3 (Reuters) – The U.S. Treasury said on Monday it expects to borrow $739 billion in the third quarter, $68 billion more than it projected in May, as lower projected cash flows were only partly offset by a higher-than-assumed starting cash balance. Stripping out the benefit of that larger startin
Aug 3 (Reuters) – Respondents to a Federal Reserve banking survey reported “basically unchanged” lending standards for commercial and industrial loans during roughly the second quarter, with stronger demand for that type of loan coming from large and middle market firms. “For loans to households, ba
By Sheila Dang HOUSTON, Aug 3 (Reuters) – Chevron will award employees a special bonus for operational results so far this year, following the U.S. oil producer’s record earnings report on Friday that was boosted by high oil prices from the ongoing war in Iran. In an internal email on Monday that wa
By Milana Vinn NEW YORK, Aug 3 (Reuters) – Citi has hired Rohan Sen from Bank of America to lead coverage of the technology services sector, as the bank continues to bulk up its technology banking ranks, an internal memo seen by Reuters showed. In the memo, global co-heads of technology investment b
By David Shepardson and Dan Catchpole WASHINGTON/SEATTLE, August 3 (Reuters) – The U.S. Federal Aviation Administration gave long-awaited approval on Monday to Boeing’s 737 MAX 7, a milestone for the American planemaker that has waited years to sell the smallest version of its best-selling airplane.
Aug 3 (Reuters) – Nivea-maker Beiersdorf said conflict in the Middle East is disrupting both sales and deliveries in key Gulf markets, highlighting how geopolitical tensions continue to affect consumer-goods companies operating in the region. Chief Executive Vincent Warnery said on Monday the compan
NEW YORK (AP) — Oil prices are easing and helping to calm Wall Street’s worries that inflation could potentially get even worse. That has U.S. stock indexes rising early Monday, but several major chip stocks are falling again including Micron and AMD. The S&P 500 rose 0.4%. The Dow Jones Industrial
Aug 3 (Reuters) – Private equity firm KKR said on Monday it had closed a record $19.2 billion infrastructure fund focused on investing in assets primarily in North America and Western Europe. Infrastructure fundraising has surged in recent years, fueled by growing investor demand for assets linked t
Canada’s second largest airline, WestJet, has agreed to a tentative agreement with flight attendants to end a strike that led to hundreds of flight cancellations and thousands of stranded passengers over the weekend. The union representing the flight attendants said Monday that if the deal is ratifi
By Jonathan Stempel NEW YORK, Aug 3 (Reuters) – UBS was fined $125 million by U.S. regulators on Monday for violating the Bank Secrecy Act, the largest civil fine ever against a broker-dealer for violating the main U.S. anti-money laundering law. The U.S. Department of the Treasury’s Financial Crime
Aug 3 (Reuters) – JPMorgan said on Monday it was planning to deploy more than $750 billion into housing through 2035, in a push to increase supply and support homeownership in the U.S. The planned deployment is part of JPMorgan’s American Dream Initiative, unveiled earlier this year, which also aims
By Nandan Mandayam Aug 3 (Reuters) – WestJet flight attendants will end their strike after reaching a tentative agreement with Canada’s second-largest airline on Monday, the union representing them said, following hundreds of flight cancellations during a holiday weekend. The Canadian Union of Publi
Aug 3 (Reuters) – Main U.S. stock indexes opened higher on Monday as signs of de-escalating tensions in the Middle East dragged down crude prices, while investors prepared for another week packed with earnings and economic data. Amazon.com rose 3.8% and hit $3 trillion in market value for the first
Aug 3 (Reuters) – The U.S. Defense Department has signed a framework deal with Lockheed Martin and Northrop Grumman to expand the production capacity of components for the Patriot PAC-3 and THAAD missile interceptor systems, it said on Monday. Pentagon negotiators have pressed contractors to move mu
Aug 3 (Reuters) – Card giant Visa said on Monday it will buy fraud intelligence provider BioCatch for $2.4 billion in cash. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Joyjeet Das) Brought to you by www.srnnews.com
Aug 3 (Reuters) – American Family Mutual Insurance Company will buy the remaining stake it does not already own in Bowhead Specialty in an all-cash deal, valuing the specialty insurer at $1.2 billion. Here are some other details: • Bowhead shareholders will receive $34 per share in cash for each sha
Aug 3 (Reuters) – Tyson Foods lowered its annual profit forecast on Monday, warning that losses in its beef business would widen as tight U.S. cattle supplies keep livestock costs elevated. U.S. meatpackers have bled money in their beef businesses because increased costs for cattle have outpaced gai
By Johann M Cherian and Shashwat Chauhan Aug 3 (Reuters) – U.S. stock index futures rose on Monday as signs of de-escalating tensions in the Middle East dragged down crude prices, while investors prepared for another week packed with earnings and economic data. Traders also weighed a potential conso
Aug 3 (Reuters) – American Bitcoin, backed by two of U.S. President Donald Trump’s sons, swung to a second-quarter loss on Monday, hurt by a selloff in the cryptocurrency. Market volatility from surging geopolitical tensions has pushed investors into a risk-off mode, piling pressure on crypto asset
