kslmadmin

June 8 (Reuters) – The Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Iran’s ambassador to Moscow was quoted as saying on Monday. The U.S.-Israeli war on Iran has largely cut oil flows via the strait, which before the conflict saw one-fifth of the world’s oil pass through. Several tankers have managed to leave the Gulf recently, […]

A look at the day ahead in European and global markets from Rae Wee An ugly selloff in technology stocks swept across Asia on Monday as investors slammed the brakes on the red-hot AI rally, with a more than 8% fall in South Korea’s KOSPI triggering circuit breakers. The moves followed that of last week’s shakeout on Wall Street, after a blowout U.S. jobs report ramped up expectations for Federal […]

By Gregor Stuart Hunter and Ankur Banerjee SINGAPORE, June 8 (Reuters) – Sam Konrad’s stocks are having a fantastic year, thanks to AI-fueled rallies in Taiwan and South Korea, but his fund is so top heavy with winners, he now needs to ditch his best performers. “We have been forced sellers of TSMC, Samsung and MediaTek,” said Konrad, investment manager for Asia Equity Income at Jupiter Asset Management, of the […]

PHOENIX (AP) — The Arizona Diamondbacks have signed outfielder Max Kepler, who is still serving an 80-game suspension for testing positive for performance-enhancing drugs. Terms of the deal announced on Sunday were not available. Kepler will not be able to report to the team until June 25, when his suspension ends. He will remain on the restricted list and not count against Arizona’s 40-man roster until then. Kepler tested positive […]

Israel struck Iran on Monday after being targeted by missiles, while a U. S. military base in Saudi Arabia came under fire in the most serious exchange of hostilities since an April ceasefire, raising the possibility of a return to heavy fighting and complicating mediation efforts to end the war. Iranian state television reported the sound of explosions being heard in Isfahan, Tabriz and Tehran, without immediately elaborating. Earlier, Iran […]

TOKYO (AP) — Asian shares skidded Monday after worries about Big Tech investments and rising odds for an interest rate hike gave U.S. stocks their worst day since October. Japan’s benchmark Nikkei 225 dropped 4.2% to 63,804.77. The Japanese government revised the annualized economic growth rate to 1.8% for the first quarter this year, down from an earlier estimate of 2.1%. Oil prices surged as Israel launched airstrikes early Monday […]

By Sophie Yu, Helen Reid and Alessandro Parodi BEIJING/LONDON, June 8 (Reuters) – China’s e-commerce export engine is faltering as surging jet fuel costs and weak demand from lower-income consumers in the West linked to the Iran war threaten profits for big online platforms like Temu, Shein and AliExpress. The business models, based on flying $5 dresses from Chinese factories to shoppers around the world, were already under pressure after […]

MANILA, June 8 (Reuters) – Philippine police said on Monday that at least three people were reported dead and four injured after a magnitude 7.8 earthquake that struck one of the country’s southern islands.  There were no immediate details about the reported fatalities.  (Reporting by Mikhail Flores; Editing by David Stanway) Brought to you by www.srnnews.com

SEOUL, June 8 (Reuters) – South Korean President Lee Jae Myung said on Monday that ballot paper shortages in last week’s local elections dealt a serious blow to the country’s reputation as a model democracy, and he welcomed the protests questioning the fairness of the process.”It was just ridiculous,” Lee said at a news conference when asked about the June 3 incident that kept some voters waiting for hours at […]