Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Canada's services PMI edges up to 18-month high, operating costs accelerate
By Fergal Smith TORONTO, June 3 (Reuters) - Canada's services economy expanded at a modest pace in May as the Middle East conflict raised economic uncertainty and higher fuel prices contributed to the...
Jun 03, 2026
Resilient Saudi economy proves a draw for wartime Gulf business
By Timour Azhari, Federico Maccioni and Yousef Saba RIYADH, June 3 (Reuters) - When food-tech entrepreneur Sara Amini wanted to see where Gulf businesses were still spending despite the Iran war, she ...
Jun 03, 2026
US asset managers fall as investors brace for updates on private credit fund withdrawals
June 3 (Reuters) - Shares of U.S. alternative asset managers fell in premarket trading on Wednesday as investors braced for second-quarter updates on redemptions from non-traded private credit funds, ...
Jun 03, 2026
Strain grows on shipping industry with vessels stuck inside Hormuz
By Jonathan Saul ATHENS, June 3 (Reuters) - Even if the U.S. and Iran agreed to halt the war and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances,...
Jun 03, 2026
Many airlines hit hard by jet fuel price swings, not all can hedge, IATA says
By Robert Harvey LONDON, June 3 (Reuters) - Many airlines have been hit hard by price swings in the jet fuel market, and some are not in a position to hedge their exposure, the International Air Trans...
Jun 03, 2026
AI 'chipflation' spreading from data centers to wider economy, Morgan Stanley warns
By Kanishka Ajmera and Aditya Soni June 3 (Reuters) - Soaring memory chip prices driven by massive AI demand risk stoking "chipflation," Morgan Stanley analysts cautioned, as makers of devices from sm...
Jun 03, 2026
US private payrolls rise broadly in May
WASHINGTON, June 3 (Reuters) - U.S. private payrolls increased broadly in May, but economists cautioned against viewing the rise as a sign of a strengthening labor market, noting that other indicators...
Jun 03, 2026
EU targets Big Tech dependence with 'made-in-Europe' drive
By Foo Yun Chee BRUSSELS, June 3 (Reuters) - The European Commission proposed laws on Wednesday to boost domestic cloud, AI and semiconductor industries and cut reliance on U.S. Big Tech, defying U.S....
Jun 03, 2026
AlphaSense nearly doubles valuation to $7.5 billion in new funding round
June 3 (Reuters) - Market intelligence platform AlphaSense said on Wednesday it has raised $350 million at a valuation of $7.5 billion, nearly double that of its funding round two years ago. The round...
Jun 03, 2026
Switzerland rejects findings of U.S. forced labour investigation
ZURICH, June 3 (Reuters) - The Swiss government on Wednesday rejected U.S. findings on how dozens of economies, including Switzerland, deal with goods produced by forced labour, a probe that prompted ...
Jun 03, 2026
