By Ariba Shahid KARACHI (Reuters) -Pakistan’s central bank is expected to cut its key interest rate by 50 basis points to 10.5% on Wednesday, a Reuters poll showed, with a unanimous forecast for further easing as inflation slows and external balances improve. All 14 analysts surveyed expect the State Bank of Pakistan to cut rates, …
By David Shepardson WASHINGTON (Reuters) -A Democratic senator on Monday urged SpaceX CEO Elon Musk to block transnational criminal groups in Southeast Asia from using Starlink satellite internet service to commit fraud against Americans. Senator Maggie Hassan cited recent reports that Starlink is being used to facilitate fraud against Americans by a broad range of …
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Investors’ initial response to the U.S.-EU trade deal framework saw the euro and German stocks slammed lower on Monday, while the S&P 500 and Nasdaq notched fresh closing highs in choppy trade, also supported …
(Corrects headline and paragraph 1 of July 26 story to show that PTTEP acquired 50% interest in Block A-18, versus full ownership of the block, after it signed a deal to buy 100% of Hess International Oil Corp) SINGAPORE (Reuters) -Thai oil and gas giant PTT Exploration and Production (PTTEP) has acquired 50% of Block …
Thailand’s PTTEP buys 50% of offshore gas block from Chevron for $450 million Read More »
(Reuters) -Asian private equity firm FountainVest has struck a deal with the main shareholder of EuroGroup Laminations to buy a major stake in the Italian electric motor component maker, with a view to eventually taking it private. The two investors said on Monday that EMS Euro Management Services had agreed to sell its 45.7% stake …
FountainVest to buy major stake in Italy’s EuroGroup Laminations Read More »
By Heekyong Yang and Hyunjoo Jin (Reuters) -Tesla has signed a $16.5 billion deal to source chips from Samsung Electronics, a move that could bolster the South Korean tech giant’s unprofitable contract business but is unlikely to help Tesla sell more EVs or roll out robotaxis more quickly. Tesla CEO Elon Musk said late on …
Tesla-Samsung $16.5 billion supply deal may spur chipmaker’s US contract business Read More »
(Reuters) -Britain’s GSK and China’s Jiangsu Hengrui Pharmaceuticals have agreed on a $500 million deal to develop up to a dozen new medicines, including a promising candidate for a chronic lung condition, the drugmakers said on Monday. The deal comes as GSK focuses on growing its pipeline to offset declining revenues from top drugs and …
GSK, China’s Jiangsu Hengrui strike $500 million drug-development deal Read More »
By Siddhi Mahatole (Reuters) -Revvity on Monday lowered its full-year adjusted profit forecast as it expects demand for diagnostics products in its key market China to be hurt by changes to the country’s reimbursement policy, sending the company’s shares down nearly 10%. The medical equipment maker said that it now expects sales of its diagnostics …
Revvity trims 2025 profit forecast as China policy changes hit diagnostics demand Read More »
(Reuters) -U.S. President Donald Trump said on Monday that he had instructed his trade team to resume negotiations on trade with Thailand and Cambodia after the two nations agreed to a ceasefire. “Just spoke to the Acting Prime Minister of Thailand and Prime Minister of Cambodia,” Trump said in a Truth Social post. “I have …
Trump to restart trade negotiations with Thailand, Cambodia Read More »
BEIJING (Reuters) -Chinese AI startup Zhipu on Monday released open-source model GLM-4.5 designed for intelligent agent applications, a statement said, as it joins a wave of similar releases from local rivals in an increasingly competitive sector. Zhipu, one of China’s “AI tigers” backed by Chinese local governments, gained significant attention after OpenAI said in June …
China’s AI startup Zhipu releases open-source model GLM-4.5 Read More »
