By Ankur Banerjee and Laura Matthews SINGAPORE/NEW YORK (Reuters) -Sharp falls in technology stock prices are cause for caution but not panic yet, said brokers and investors who have been riding a runaway market to record highs and some stretched valuations. Selling extended into a second day on Wednesday to leave bourses in Seoul and …
Don’t panic yet, investors say, as high-flying AI stocks tumble Read More »
By Daniel Leussink HAGA, Japan (Reuters) -Honda Motor said on Thursday it is developing a platform centred on mid-size hybrid cars and a hybrid system for large vehicles, as the Japanese automaker seeks to boost competitiveness amid a slower shift to fully electric cars. The new platform, to be deployed in vehicles from 2027 or …
Honda bets on hybrids with lighter platform for next-generation models Read More »
(Reuters) -Companies announcing multi-billion dollar investments in artificial intelligence have raised concerns about the formation of a bubble reminiscent of the dotcom boom and bust. Investors are on guard for signals that demand is tailing off or that the massive spending is not paying off as anticipated. A BofA Global Research’s monthly fund manager survey …
Factbox-Opinions split over AI bubble after billions invested Read More »
By Gabriel Stargardter and Alessandro Parodi PARIS (Reuters) -Online retail platforms Shein, Temu, AliExpress and Wish are being investigated in France for alleged rule breaches that include minors being able to access pornographic content via their marketplaces, the Paris prosecutor said on Tuesday. China’s Shein will open its first-ever permanent shop in the BHV department …
France investigates Shein, some rivals over underage access to porn content Read More »
PARIS (Reuters) -France is starting the process to suspend online fast-fashion retailer Shein until it complies with French laws and regulations, the finance ministry said on Wednesday. “On the Prime Minister’s instructions, the government is initiating proceedings to suspend Shein for as long as necessary for the platform to demonstrate to the authorities that all …
France starting proceedings to suspend Shein until it complies with regulations Read More »
By Pratima Desai LONDON (Reuters) -Trafigura delivered large quantities of aluminium to London Metal Exchange approved warehouses in Malaysia last week to benefit from a financial deal, three sources familiar with the matter told Reuters. Details of the deal involving the Swiss-based commodity trader, which could be incentives or so-called rent deals, were not known, …
Trafigura floods LME Malaysia warehouses with aluminium, sources say Read More »
(Reuters) – The Chinese government has issued guidance requiring new data centre projects that have received any state funds to only use domestically-made artificial intelligence chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centres that are less than 30% complete to remove all installed …
Exclusive – China bans foreign AI chips from state-funded data centres, sources say Read More »
STOCKHOLM (Reuters) -Automakers transporting their cars to the U.S. could face $200 to $300 per vehicle in additional costs, the CEO of car carrier Wallenius Wilhelmsen told Reuters on Wednesday, as the company seeks to pass on new U.S. port fees to customers. Higher-than-expected U.S. port fees on foreign-built ships took effect in mid-October as …
Automakers face higher costs from US port fees, car carrier Wallenius Wilhelmsen warns Read More »
By Suzanne McGee (Reuters) -Investors in pure-play quantum computing stocks are grappling to value these futuristic companies, making prices highly volatile for the latest hot trend on Wall Street. Rigetti, IonQ, D‑Wave Quantum and Quantum Computing Inc are racing to turn quantum theory into machines that could crack problems beyond the scope of today’s computers, …
Analysis-Futuristic quantum computing stocks take speculators on roller-coaster ride Read More »
(Corrects to say the valuations had not reset instead of “had a reset” in paragraph 7) By Kane Wu and Selena Li HONG KONG (Reuters) -Global private equity partners are eyeing a return to China after staying on the sidelines over the last few years, encouraged by cheaper valuations and as investors pare U.S. allocations, …
Global private equity funds consider return to China as investors pivot from US Read More »
