(Reuters) -A multibillion-dollar deal to send Nvidia’s artificial-intelligence chips to the United Arab Emirates is stuck in neutral nearly five months after it was signed, frustrating CEO Jensen Huang and some senior administration officials, the Wall Street Journal reported on Thursday. (Reporting by Shivani Tanna in Bengaluru; Editing by Alan Barona)
TOKYO (Reuters) -Japan’s service sector activity extended solid gains in September, buoyed by strong domestic demand and in sharp contrast to shrinking factory activity, a private-sector survey reported on Friday. The S&P Global final Japan Services Purchasing Managers’ Index (PMI) edged up to 53.3 in September from 53.1 in August, marking a slightly steeper increase …
Japan’s service sector extends gains in September, PMI shows Read More »
TOKYO (Reuters) -Japan’s jobless rate in August rose to 2.6% from 2.3% in July, government data showed on Friday. Economists’ median forecast was for 2.4%. The jobs-to-applicants ratio in August inched down to 1.20 from 1.22 in the previous month. The median forecast was 1.22. (Reporting by Kentaro Sugiyama; Writing by Satoshi Sugiyama; Editing by …
(Reuters) -Chip equipment maker Applied Materials forecast a $600 million hit to fiscal 2026 revenue after the U.S. expanded its restricted export list in a blow to sectors such as semiconductors, aircraft and medical equipment. Shares of Applied Materials fell about 3% in extended trading on Thursday after the company said in a filing the …
Applied Materials flags $600 million revenue hit in 2026 on broader chip export curbs Read More »
(Reuters) – China is curbing the use of European telecom kit suppliers Nokia and Ericsson in its networks, the Financial Times reported on Wednesday, citing people familiar with the matter. Sweden’s Ericsson and Finland’s Nokia contracts are required to be submitted for “black box” national security reviews by the Cyberspace Administration of China, where the …
China curbs use of Nokia and Ericsson in telecoms networks, FT reports Read More »
By Iain Withers and Koh Gui Qing NEW YORK/LONDON (Reuters) -Global stocks gained and gold traded near record highs on Thursday as investors took in their stride the potential ramifications of a U.S. government shutdown, while a weak private U.S. labor market report bolstered bets for Federal Reserve rate cuts. Investors have been largely sanguine …
US, European stocks hit record highs as investors shrug off US shutdown impact Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Stock markets around the world leaped to new highs on Thursday, propelled by optimism around the AI boom and hopes for further U.S. interest rate cuts, as investors shrugged off the U.S. government shutdown …
Trading Day: AI, Fed bets sweep aside shutdown jitters Read More »
HONG KONG (Reuters) -China’s securities regulator has issued a warning to S&P’s local subsidiary, telling it to “rectify” its operations and strengthen quality controls as authorities step up efforts to tighten oversight of the ratings industry. The Beijing Bureau of the China Securities Regulatory Commission on Tuesday sent the letter to S&P Credit Ratings (China) …
Chinese regulator tells S&P China to ‘rectify’ operations Read More »
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Thursday that the federal government would support American farmers in light of China’s refusal to buy soybeans and that an announcement would be made on Tuesday. American farmers overwhelmingly voted for President Donald Trump in the 2024 presidential election, Bessent said. “We’ve got their backs,” he …
US to support soybean farmers amid China lag, expect news Tuesday, Bessent says Read More »
(Reuters) -Online fast-fashion retailer Shein plans to open its first bricks-and-mortar shops in France in November under an agreement with department store owner Société des Grands Magasins, a move that sparked criticism from French retailers. The stores in the BHV department store in central Paris and Galeries Lafayette department stores in five other French cities …
Shein enters bricks-and-mortar retail in France, sparking backlash Read More »
