(Reuters) – Worries over a delay in the launch of Nvidia’s upcoming artificial-intelligence chips may be exaggerated, analysts said, as they do not expect the setback to have a big impact on the chip giant’s revenue or demand. According to media reports, Nvidia’s Blackwell chips may face delays of three months or more due to …
By David Shepardson WASHINGTON (Reuters) -TikTok and parent company ByteDance asked a U.S. appeals court on Monday to reject the Justice Department’s bid to file part of its legal case in secret that defends a law seeking to force the divestiture of TikTok’s U.S. assets by Jan. 19 or impose a ban. The Justice Department …
TikTok says court should reject DOJ secret filings in divestiture suit Read More »
(Reuters) -Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Japan’s Nikkei shed a staggering 12% to hit nine-month lows, entering bear market territory and …
By David Kirton SHENZHEN, China (Reuters) -Chinese smartphone maker Honor is receiving an “unusually” high level of support from local government backers, as the former Huawei unit prepares an initial public offering (IPO), according to policy documents and a person close to the matter. Honor is receiving research-and-development funding, tax breaks and support to expand …
Exclusive-China’s Honor gets “unusually” strong state backing as it readies IPO Read More »
By Faith Hung and James Pomfret TAIPEI (Reuters) -Taiwan stocks plunged a record 8.4% on Monday, with tech stocks including TSMC sliding as investors spooked by a poor outlook for the U.S. economy sold off one of Asia’s top performing markets. It was the worst one-day decline for the main index in percentage terms. The …
Taiwan stocks fall 8.4% on tech sector fears, more weakness forecast Read More »
By Ankur Banerjee and Junko Fujita TOKYO (Reuters) – Japanese stocks collapsed on Monday in their biggest single day rout since the 1987 Black Monday sell-offs, driven by last week’s plunge in global stock markets, economic concerns and worries investments funded by a cheap yen were being unwound. The Nikkei share average shed a staggering …
Japan’s Nikkei sees biggest rout since 1987 Black Monday Read More »
By Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Monday authorities were watching exchange-rate moves closely, speaking after the Nikkei stock average plummeted in its biggest rout since 1987. He said it was desirable for foreign exchange rates to move in a stable manner and reflect economic fundamentals. …
Japan watching yen moves closely, finance minister says after stocks rout Read More »
By Jihoon Lee SEOUL (Reuters) -South Korea’s stock market marked its worst session since the global financial crisis of 2008 on Monday, with trading curbs activated for the first time in four years, as tech stocks slumped amid U.S. recession fears. The benchmark KOSPI stock index ended the session down 8.8% at 2,441.55, its biggest …
South Korean stocks slump most since late 2008 in tech rout Read More »
By Julie Zhu HONG KONG (Reuters) – Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources. The regulators, mainly the Ministry of Finance (MOF), have given so-called “window guidance”, or …
Exclusive-China asks large state financial institutions to drop auditor PwC, say sources Read More »
By Bernadette Christina and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s annual economic growth held just above 5% in the second quarter, roughly in line with expectations, official data showed on Monday, but it prompted authorities to pledge new measures to boost activity in the second half of 2024. Gross domestic product in the April-June quarter expanded …
Indonesia’s GDP growth holds just above 5% in Q2 Read More »
