TOKYO (Reuters) – The boards of Nissan and Honda both voted on Thursday to officially end talks to merge the two Japanese automakers, broadcaster TBS reported. Spokespersons for both companies declined to comment on the report. (Reporting by Daniel Lesussink, Maki Shiraki, Satoshi Sugiyama, Rocky Swift; Editing by Jacqueline Wong)
(Reuters) – The Reserve Bank of India has given its approval to a Temasek unit to raise its stake in AU Small Finance Bank to up to 7%, the lender said on Thursday. Zulia Investments, a unit of Singapore’s state-owned investment firm Temasek, had a 1.37% stake in the lender as of December-end, exchange data …
Indian central bank approves Temasek unit to raise stake in AU Small Finance Bank Read More »
BEIJING (Reuters) – The rise of DeepSeek’s artificial intelligence (AI) models is seen providing some Chinese chipmakers such as Huawei a better chance to compete in the domestic market against more powerful U.S. processors. Huawei and its Chinese peers have for years struggled to match Nvidia in building top-end chips that could compete with the …
DeepSeek gives China’s chipmakers leg up in race for cheaper AI Read More »
BEIJING (Reuters) -Chinese search engine leader Baidu said on Thursday it would make its artificial intelligence chatbot Ernie Bot free starting April 1, citing improved technology and reduced costs. The AI service will be accessible at no cost to all users on both desktop and mobile platforms, Baidu said in a WeChat post. Baidu faces …
Baidu to make AI chatbot Ernie Bot free of charge from April 1 Read More »
By Ernest Scheyder and Sheila Dang HOUSTON (Reuters) -Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No. 2 U.S. oil producer has faced production challenges …
Chevron to lay off up to 20% of global workforce Read More »
By Wen-Yee Lee NEW TAIPEI, Taiwan (Reuters) -Taiwan’s Foxconn would consider taking a stake in Nissan for cooperation, its chairman said, as the Japanese automaker’s future hangs in the balance after stepping back from merger talks with Honda. “If cooperation requires it (purchasing Nissan shares), we will consider it,” Foxconn chairman Young Liu told reporters …
Foxconn says it is open to buying a stake in Nissan Read More »
JAKARTA (Reuters) – Indonesia plans to import around 200,000 metric tons of raw sugar to top up government’s food reserve as white sugar prices have climbed in the domestic market ahead of Ramadan, the National Food Agency said on Thursday. The government has estimated domestic white sugar output at 2.6 million tons this year and …
Indonesia plans to import around 200,000 tons of raw sugar for food reserve Read More »
(Refiles to add media packaging code) (Reuters) -Casino operator MGM Resorts International beat fourth-quarter profit and revenue estimates on Wednesday, aided by strength from more bookings across its properties. Shares of the Las Vegas, Nevada-based company rose about 9% in aftermarket trade. The company also said it expects its jointly-owned online sports-betting service, BetMGM, to …
MGM shares surge after topping quarterly profit, revenue estimates Read More »
By David Lawder WASHINGTON (Reuters) – President Donald Trump is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal U.S. tariffs that will match other countries’ higher import taxes, trade and legal experts say. Trump has said the new U.S. tariff rates would take effect “almost immediately,” …
Trump may dust off 1930 trade discrimination law to back reciprocal US tariffs Read More »
BUENOS AIRES (Reuters) – China’s Ganfeng Lithium mining company has begun producing lithium at its Mariana project in northern Argentina, it said on Wednesday, kicking off one of several of its new lithium projects under way in the South American country. Ganfeng is one of the world’s biggest producers of the white metal that is …
China’s Ganfeng starts lithium production at Argentina’s Mariana project Read More »
