By Saeed Azhar, Johann M Cherian and Sanchayaita Roy NEW YORK (Reuters) -Wall Street’s main indexes ended lower on Monday as investors anxiously await inflation data this week to assess the outlook for interest rates and eye U.S.-China trade developments. Investors expect the recent shakeup at the U.S. Federal Reserve and signs of labor market …
Wall Street stocks end down, inflation data, China trade in focus Read More »
By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Japan’s deepening political uncertainty risks prolonging policy paralysis that could affect the drafting of next year’s budget and the timing of the central bank’s next interest rate hike, analysts say, clouding the outlook for the fragile economy. Prime Minister Shigeru Ishiba is facing increased calls from within …
Japan’s deepening political woes cloud budget, rate hike timing Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist World markets got the week off to a subdued start on Monday, although the Nasdaq nudged a new high, as a light earnings and data calendar allowed investors to digest the latest tariff-related news …
Trading Day: Tariffs, CPI nerves soften sentiment Read More »
NEW YORK (Reuters) -Do Kwon, the South Korean cryptocurrency entrepreneur facing U.S. fraud charges over two digital currencies that lost an estimated $40 billion in 2022, is expected to enter a guilty plea, court records showed on Monday. In a brief scheduling order, U.S. District Judge Paul Engelmayer said he had been advised that Kwon …
Crypto exec Do Kwon, charged with fraud, expected to plead guilty Read More »
By Ella Cao, Lewis Jackson, Chandni Shah and Tom Polansek (Reuters) -U.S. soybean prices soared to a two-week high on Monday after President Donald Trump urged China to quadruple its purchases ahead of a tariff truce deadline, though analysts questioned the feasibility of any such deal. China, the world’s biggest soybean importer, has not yet …
US soybean prices jump after Trump urges China to quadruple orders Read More »
(Reuters) -Shares of lithium producers surged on Monday after Chinese battery giant Contemporary Amperex Technology (CATL) halting output at a major mine raised hopes it would erode the oversupply in a market grappling with soft demand. During morning trade, Albemarle Corp jumped 10.2%, while Chile’s Sociedad Quimica y Minera, rose 9.2% and Lithium Americas, gained …
Lithium stocks rally as CATL mine halt raises prospects of tighter supply Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump suggested on Monday that he would not make a deal with American AI chip giant Nvidia, led by CEO Jensen Huang, to allow for sales of a next-generation advanced GPU in China, but stopped short of ruling it out. “Jensen also has the new chip, the Blackwell,” Trump told …
Trump suggests he may not allow sales of advanced Nvidia chip in China Read More »
(Reuters) -China South City <1668.HK> on Monday became the first state-backed property developer to get a liquidation order from the Hong Kong High Court since the Chinese property sector tipped into a debt crisis in 2021. The news, announced by the company on Monday, comes more than a year after a group of its creditors …
State-backed developer China South City gets liquidation order Read More »
JAKARTA (Reuters) -Authorities overseeing the development of artificial intelligence in Indonesia have proposed a “sovereign AI fund” to finance the archipelago’s ambitions to become a regional hub for the fast-growing technology, a government document showed. Last month, Reuters reported that Southeast Asia’s largest economy would release its first national roadmap on AI in a bid …
Indonesia eyes ‘sovereign AI fund’ to drive development, document shows Read More »
(Removes erroneous reference to ICT business including data centres and subsea cables from paragraph 2) By Rishav Chatterjee and Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s Keppel is selling its 83.9% stake in subsidiary M1 Ltd to Simba Telecom while retaining the non-telecoms operations of its unit in a deal that will give the asset manager net …
Singapore’s Keppel to sell M1 stake to Simba Telecom for a net $778 million Read More »
