By Kevin Yao BEIJING (Reuters) – Coco Wen took advantage of China’s consumer subsidies to buy herself a new iPhone for about two thirds of the original price. At the same time, she’s cutting spending on other things. “I usually celebrate my birthdays with a fancy meal, but this year I skipped that,” said the …
Analysis-China urged to think big, go hard on reviving battered consumption Read More »
A look at the day ahead in European and global markets from Kevin Buckland It’s been building for a long time, but worries about the destabilising and economically destructive potential of Donald Trump’s trade policies seem to have come to a head at the end of the month, rippling across all asset classes. Europe is …
Morning Bid: No place to hide from Trump tariff worries Read More »
(This Feb. 27 story has been refiled to fix the link in paragraph 12) By Maki Shiraki, Daniel Leussink and Norihiko Shirouzu TOKYO (Reuters) – Japan’s Nissan will unveil a shake-up in its top ranks next month, three people familiar with the matter said on Thursday, adding that embattled CEO Makoto Uchida is currently expected …
Nissan CEO Uchida’s future in focus as sources say management shake-up due soon Read More »
By Himanshi Akhand (Reuters) -Australian cash-strapped casino operator Star Entertainment said it expects to receive bailout offers on Friday but warned it might not be able to file its first-half earnings which should be submitted by the end of the day. Star “anticipates that it will receive one or more liquidity proposals during the course …
Australia’s Star Entertainment expects rescue offers, warns earnings may miss deadline Read More »
By Ryan Patrick Jones TORONTO (Reuters) – Canada’s privacy watchdog has opened an investigation into X, the social media platform owned by billionaire tech mogul Elon Musk, on whether its use of Canadians’ personal data to train artificial intelligence (AI) models broke privacy rules. The Office of the Privacy Commissioner of Canada said in a …
Canada watchdog probing X’s use of personal data in AI models’ training Read More »
SEOUL (Reuters) – South Korea’s acting President and Finance Minister Choi Sang-mok and U.S. Treasury Secretary Scott Bessent discussed tariffs, investment and forex policy in a video call, South Korea’s finance ministry said on Friday. Choi asked Bessent to pay attention to South Korea’s contributions to the U.S. economy in Washington’s policymaking, the ministry said …
South Korea, US finance chiefs discuss tariffs, investment, FX, says Seoul Read More »
By Promit Mukherjee OTTAWA (Reuters) – Canada enjoys AAA sovereign ratings from two top rating agencies and its finances could withstand a wave of U.S. tariffs, but some of its provinces could take a ratings hit if a trade war persists, analysts and economists said. Ratings agencies said some provinces were more at risk from …
Canada’s AAA credit ratings are safe from US tariffs; provinces more at risk Read More »
By Jaspreet Singh (Reuters) -Dell on Thursday forecast a decline in its adjusted gross margin rate for fiscal year 2026, hit by higher costs to build artificial intelligence servers in a fiercely competitive market, while its PC business also lagged amid soft demand. The Round Rock, Texas-based company’s shares fell about 2% in extended trading, …
Dell forecasts decline in annual margin on higher AI server costs Read More »
By Juby Babu (Reuters) – HP Inc beat first-quarter revenue estimates on Thursday, driven by strength in its personal systems segment and growing demand for artificial intelligence-capable systems. The company also said it would lay off an additional 1,000 to 2,000 employees as part of its previously announced restructuring plan. The move is expected to …
HP tops revenue estimates on PC market recovery; shares dip on weak profit view Read More »
By Noel Randewich and Johann M Cherian (Reuters) – The S&P 500 and Nasdaq ended sharply lower on Thursday, weighed down by a slump in chipmaker Nvidia after its quarterly report failed to rekindle Wall Street’s AI rally, while investors focused on data pointing to a cooling U.S. economy. Nvidia tumbled 8.5%, evaporating $274 billion …
S&P 500 ends down as Nvidia tumbles following report Read More »
