By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. debt despair Investors’ unease about holding long-dated sovereign debt was magnified by a soft 20-year U.S. Treasury note auction on Wednesday, which slammed the dollar and stocks, pushed long bond yields higher …
(Reuters) -China’s online video-sharing platform Bilibili said on Wednesday it is offering up to $575 million worth of convertible notes to raise money to develop its content ecosystem. The company said the offering will include $500 million of convertible senior notes due 2030, with an option to purchase a further $75 million worth. The funds …
China’s Bilibili launches $575 million convertible notes offering Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar fell against a broad swathe of currencies on Wednesday, undermined by worries about the Trump administration’s tax cut and spending bill, as well as a weak 20-year Treasury bond sale that reinforced a growing view that investors are shying away from U.S. assets. Republicans are still divided …
US dollar slides on budget bill concerns, weak 20-year bond auction Read More »
BEIJING (Reuters) -Wang Jianjun was removed from the post of vice chairman of the China Securities Regulatory Commission, China’s human resources ministry said on Wednesday. Wang was put under investigation by China’s anti-graft watchdog in April for suspected violations of discipline and law. (Reporting by Beijing Newsroom; Editing by Louise Heavens)
By Indradip Ghosh BENGALURU (Reuters) – The outlook for the U.S. economy remains weak despite a temporary cooling of the U.S.-China trade war, a Reuters poll of economists showed, with a debate over the country’s fiscal health hanging in the balance. A 90-day truce to temporarily slash steep U.S.-China import duties has marginally reduced U.S. …
Weak US economic outlook persists despite brief trade truce with China: Reuters poll Read More »
(Reuters) -China’s Baidu said on Wednesday U.S. export controls on semiconductors would not significantly impact its AI development, citing access to domestic alternatives. The dominant search engine in China also reported first-quarter revenue that exceeded analysts’ expectations, boosted by growing demand for its AI cloud services. “Domestically developed chips and increasingly efficient homegrown software will …
Baidu says domestic tech will shield AI push from US curbs Read More »
BEIJING (Reuters) -China’s electric vehicle giant BYD said on Wednesday it sold 213,325 vehicles with smart assisted driving features in April, accounting for almost half of its total sales of such vehicles as of end-April. BYD had sold more than 480,000 cars with smart assisted driving features as of the end of last month, the …
China’s BYD sold 213,325 vehicles with smart-assisted driving features in April Read More »
KUALA LUMPUR (Reuters) -Malaysia’s government did not develop, coordinate or endorse an artificial intelligence project involving a local company and Huawei Technologies, its trade ministry said in a statement on Wednesday, backtracking on a previous announcement. The statement followed local media reports on Monday that a Malaysian company, Skyvast Corporation, would deploy Huawei’s Ascend chips …
Malaysia government not involved in local AI project involving Huawei chips Read More »
By Victoria Waldersee BERLIN (Reuters) – Chinese electric vehicle maker BYD’s low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives. The car will sell at three price points, from 22,990 euros ($26,100) for a 322-kilometre (200-mile) range, to …
China’s BYD turns up heat in Europe with launch of Dolphin Surf EV Read More »
BRUSSELS (Reuters) -The European Commission launched on Wednesday an investigation into whether anti-dumping measures are needed on imports of tyres for passenger cars and light lorries from China, following a complaint from the EU tyre industry. “If the investigation confirms that the EU tyre industry suffers from injury or threat of injury because of dumped …
EU launches probe into alleged dumping of tyres from China Read More »
