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Category: SRN News

Asian shares tumble, oil rises as markets await AI sector results

By Rocky Swift TOKYO, Oct 20 (Reuters) – Asian stocks retreated broadly on Tuesday while oil rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies.  The dollar held firm against the euro as riots in France fuelled demand for safe-haven…

Micron union in Taiwan to launch strike as bonus dispute escalates

By Wen-Yee Lee TAIPEI, Oct 20 (Reuters) – A union representing Micron Technology workers in Taoyuan, Taiwan, said it would launch a strike on Thursday to coincide with a mediation meeting between the US chipmaker and another collective representing workers at its Taichung operations, escalating a…

China leaves loan rates steady for 17th consecutive month

SHANGHAI, Oct 20 (Reuters) – China kept its benchmark lending rates unchanged for the 17th straight month in October on Tuesday, in line with market expectations. WHY ​IT’S IMPORTANT The steady loan prime rates (LPRs) suggest policymakers are in no rush to roll out fresh…

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