Reuters UK Business

(Reuters) -Medical device maker Medtronic topped Wall Street estimates for second-quarter profit and revenue on Tuesday, driven by strong demand for its heart disease and diabetes devices, sending its shares up nearly 4% before the bell. Investor expectations for medical device makers have remained high in recent quarters, boosted by robust demand for surgical procedures, …

Medtronic beats second-quarter estimates on strength in heart devices segment Read More »

By Philip Blenkinsop BRUSSELS (Reuters) -The European Union set import quotas on Tuesday on alloys of steel containing manganese or silicon to protect domestic producers against a surge of cheap imports. The measures will last for three years and consist of country-specific quotas per type of ferro-alloy, limiting the volume of imports that can enter …

EU imposes quotas to curb imports of ferro-alloys Read More »

By Giuseppe Fonte and Giselda Vagnoni ROME (Reuters) -Italian lawmakers have revived attempts to establish that the central bank’s $300 billion in gold reserves belong to the state by presenting a proposal to parliament. All five lawmakers who signed the proposal, which was tabled as an amendment to next year’s budget, are senators from Prime …

Italy lawmakers revive state claim on central bank’s $300 billion gold pile Read More »

By Gianluca Lo Nostro (Reuters) -Eviden, a division of French IT group Atos, said on Tuesday it had won a contract together with U.S. chipmaker Advanced Micro Devices (AMD) to build a new supercomputer in Europe, as the region moves to close the technology gap with the U.S. The machine, named after French computer scientist …

France’s Eviden to build new supercomputer with AMD in European AI push Read More »

By Arsheeya Bajwa and Aditya Soni (Reuters) -The fate of Wall Street’s staggering bets on artificial intelligence will rest squarely on Nvidia on Wednesday when the chipmaker reports results, with investors seeking signs that bubble worries are overblown. Three years after ChatGPT’s debut, investors are increasingly uneasy that the AI boom has outrun fundamentals. Some …

Bubble or breakout? Nvidia earnings put AI boom under the microscope Read More »

LONDON (Reuters) -Usage of the Bank of England’s weekly indexed long-term repo fell to its lowest in nearly three months on Tuesday after the central bank increased the cost of borrowing from it. British-based lenders borrowed 1.280 billion pounds ($1.68 billion) of six-month funds from the BoE, secured against collateral, the lowest amount since a …

Usage of Bank of England long-term repo drops to 3-month low after cost increase Read More »