Reuters Asia Business

By Aditya Soni and Deborah Mary Sophia (Reuters) -Big Tech is spending more than ever on artificial intelligence – but the returns are rising too, and investors are buying in. AI played a bigger role in driving demand across internet search, digital advertising and cloud computing in the April-June quarter, powering revenue growth at technology …

Big Tech may be breaking the bank for AI, but investors love it Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks slumped on Friday, and the S&P suffered its biggest daily percentage decline in more than two months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure. Also weighing on equities was an 8.3% tumble in Amazon.com shares after the …

Stocks slump on latest tariffs, soft jobs data Read More »

BEIJING (Reuters) -Nvidia must produce “convincing security proofs” to eliminate Chinese users’ worries over security risks in its chips and regain market trust, a commentary published by China’s state-run media People’s Daily said on Friday. Foreign companies must comply with Chinese laws and take security to be a basic prerequisite, said the commentary – titled …

China state media says Nvidia must provide ‘security proofs’ to regain trust Read More »

(Corrects name of company in paragraph 5 to State Street Investment Management from State Street Global Advisors) By Carolina Mandl, Suzanne McGee and Davide Barbuscia NEW YORK (Reuters) -A rebound on Wall Street and in the dollar has not allayed investor concerns about the ability of U.S. assets to outperform overseas markets, with a fresh …

Never mind Wall Street records, investors rethink US market supremacy Read More »

By Ariba Shahid and Sudarshan Varadhan KARACHI/SINGAPORE (Reuters) -Pakistan’s largest refiner Cnergyico will import 1 million barrels of oil from Vitol in October, Cnergyico’s Vice Chairman Usama Qureshi said on Friday, the country’s first-ever purchase of U.S. crude following a landmark trade deal. The West Texas Intermediate light crude cargo will be loaded from Houston …

Exclusive-Pakistan to buy first-ever US oil cargo in Cnergyico deal with Vitol Read More »

By Gregor Stuart Hunter, Rae Wee and Shashwat Chauhan (Reuters) -U.S. President Donald Trump’s Friday tariff deadline brought little reprieve for markets, with stocks around the world taking a hit as investors fretted over the cost of disrupting global supply chains and the outcome of talks with China.  For traders inured to Trump’s repeated threats, …

Investors see few winners as tariff storm lashes global markets Read More »