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Oil falls on prospect of Middle East ceasefire easing supply disruption
Trump cites progress with Iran, US proposes plan to end war Iran tells UN 'non-hostile' ships can transit Strait of HormuzSaudi hikes Yanbu exports to work around Hormuz halt, data showsBy Yuka Obayashi and Trixie Yap March 25 (Reuters) - Oil prices sank about 4% on Wednesday after report...Reuters
Wed, Mar 25
GM to Invest $600 Million in its South Korean Unit
(Reuters) - General Motors GM.N, which received a South Korea government rescue package in 2018 to stay in the Asian country, said on Wednesday it plans to invest $600 million in its local unit to upgrade manufacturing facilities and products.Reuters
Wed, Mar 25
Japan's Nikkei Surges as Trump Claims Us Negotiating End to Iran War
TOKYO, March 25 (Reuters) - Japan's Nikkei share average rose the most in a week on Wednesday, supported by cautious optimism that the Middle East crisis could move toward a potential settlement after recent volatility.Reuters
Wed, Mar 25
Market Shows Signs of Dip Buying After Trump Pauses Strikes on Iranian Energy Facilities?
TradingKey - President Trump pledged on Monday to suspend strikes against Iran's energy infrastructure for five days as negotiations continue. Market reaction to the announcement suggests that "buying the dip" remains the market consensus.TradingKey
Wed, Mar 25
February Shipments of Foreign-branded Phones in China Fall 7.7% from a Year Ago, Caict Data Shows
BEIJING, March 25 (Reuters) - Shipments of foreign-branded mobile phones in China for February, including Apple's AAPL.O iPhones, fell 7.7% from the same month last year, Reuters calculations based on data released by a government-affiliated research firm on Wednesday showed.Reuters
Wed, Mar 25
SK Hynix files for US listing that source says could raise up to $14 billion
Company makes a confidential U.S. filing Seeks to list about 2% to 3% of total shares, source saysThat would raise $9.6 billion to $14.4 billion Listing structure, size and timeline not yet finalised By Hyunjoo Jin, Cynthia Kim and Heekyong Yang ICHEON, South Korea, March 25 (Reuters) - South Kor...Reuters
Wed, Mar 25
Refile-iran Military Spokesperson Says Us Is Negotiating with Itself, State Media
March 25 (Reuters) - The United States is negotiating with itself, an Iranian military spokesman said according to state media on Wednesday, a day after U.S. President Donald Trump said Tehran wants to make a deal to end the war in the Middle East.
Reuters
Wed, Mar 25
Stocks Rise and Oil Retreats on Mideast Ceasefire Reports
SINGAPORE, March 25 (Reuters) - Stocks rose and oil fell on Wednesday on reports the U.S. is seeking a month-long ceasefire in its war on Iran and had sent a 15-point plan to Iran for discussion, raising hopes for a breakthrough that could help restore oil exports from the Gulf.Reuters
Wed, Mar 25
SK Hynix Plans US Listing to Raise Up to $10 Billion
TradingKey - This Wednesday (March 25), South Korean chipmaker SK Hynix is considering raising 10 trillion to 15 trillion KRW (approximately $10.03 billion) through a US listing to expand its production capacity for advanced memory chips.
TradingKey
Wed, Mar 25
Fed's Goolsbee Says Inflation Progress Needed to Cut Rates This Year, PBS Reports
The U.S. Federal Reserve needs to see progress on inflation coming down to be realistic on cutting interest rates this year, but near-term prospects are not good because of higher energy prices arising from the war in Iran, Federal Reserve Bank of Chicago President Austan Goolsbee said on Tuesday.Reuters
Wed, Mar 25
Openai Drops Ai Video Tool Sora, Startling Disney, Sources Say
On Monday evening, Walt Disney Co DIS.N and OpenAI teams were working together on a project linked to Sora, OpenAI's AI video tool. Just 30 minutes after that meeting, the Disney team was blindsided with word that OpenAI was dropping the tool altogether, a person familiar with the matter said.Reuters
Wed, Mar 25
Uk Consumer Sentiment Falls as Iran War Rages, Kpmg Says
British consumer sentiment this month was slightly weaker than three months earlier, pushed down by worries about grocery and energy costs linked to the conflict in the Middle East, according to a quarterly survey from accountants KPMG.Reuters
Wed, Mar 25
Philippines working with Washington to obtain oil from U.S.-sanctioned countries
MANILA, March 25 (Reuters) - The Philippines is working with Washington to secure waivers and exemptions so it can obtain oil from U.S.-sanctioned countries to ensure supply, its ambassador to the United States said. "We are working with the State Department to get waivers or exemptions to purch...Reuters
Wed, Mar 25
Circle Stock Drops Nearly 20% as Clarity Act Draft Restricts Stablecoin Yields and Rewards
Circle shares fell nearly 20% on Tuesday following new details from a Senate compromise tied to the Digital Asset Market Clarity Act (CLARITY), which could limit yield payments on stablecoin balances.Fxstreet
Wed, Mar 25
Stocks Bounce and Oil Retreats on Mideast Ceasefire Reports
Stocks rose and oil fell on Wednesday on reports the U.S. is seeking a month-long ceasefire in its war on Iran, and had sent a 15-point plan to Iran for discussion, raising hopes for a resumption of oil exports out of the Persian Gulf.Reuters
Wed, Mar 25
