(Reuters) -Backers of China’s Xiaohongshu are looking to sell a part of their stake to the likes of Tencent, among others, in a deal that could value the TikTok-rival at at least $20 billion, Bloomberg News reported on Thursday. GGV Capital, GSR Ventures and Tiantu Capital, key shareholders of the social media platform, have drawn …
By Wen-Yee Lee TAICHUNG, Taiwan (Reuters) – Nvidia’s demand for advanced packaging from TSMC remains strong though the kind of technology it needs is changing, the U.S. AI chip giant’s CEO Jensen Huang said on Thursday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists …
Nvidia CEO says its advanced packaging technology needs are changing Read More »
(Reuters) – The U.S. Department of Commerce on Thursday announced $1.4 billion in final awards to support the next generation of semiconductor advanced packaging. (Reporting by Devika Nair in Bengaluru; editing by Jason Neely)
(Reuters) – The Biden administration is exploring ways to keep TikTok accessible in the United States even as a ban is set to take effect on Sunday, NBC News reported late on Wednesday, citing three people familiar with the discussions. The White House and Tiktok U.S. didn’t immediately respond to Reuters’ requests for comments. (Reporting …
US weighs options to keep TikTok operational as ban nears, NBC reports Read More »
By David Lawder and Lawrence Delevingne WASHINGTON (Reuters) -Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Wednesday vowed to ensure that the dollar remains the world’s reserve currency as he laid out a vision for a “new economic golden age”. Bessent, who faces questioning before the U.S. Senate Finance Committee …
Trump’s US Treasury pick Bessent says dollar must remain world’s reserve currency Read More »
By Stella Qiu SYDNEY (Reuters) -Australian employment sped past forecasts in December although the jobless rate ticked higher as many more people went looking for work – the combination of trends signalling a healthy labour market that leaves alive the chance of a near-term cut in rates. Driven by an increase in part-time roles, net …
Australian December employment surges past forecasts, near-term rate cut seen possible Read More »
By Gabriel Araujo SAO PAULO (Reuters) – Azul and Gol, two of Brazil’s largest airlines, are moving a step closer to a sweeping merger that would create a dominant carrier in Latin America’s No. 1 economy, a securities filing showed on Wednesday. The union of the two companies, which follows months of talks and market …
Azul, Gol inch closer to potential tie-up to form major Brazil airline Read More »
By Jeslyn Lerh SINGAPORE (Reuters) – Marine fuel sales reached fresh highs at the world’s largest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels. Sales totalled 54.92 million metric tons in 2023, data from the Maritime and Port Authority of …
Marine fuel sales at Singapore bunker hub hit record highs in 2024 Read More »
By Karen Freifeld WASHINGTON (Reuters) -The Biden administration added more than two dozen Chinese entities to a U.S. restricted trade list on Wednesday, including Zhipu AI, a developer of large language models, and Sophgo, a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence processor. The Commerce Department also strengthened controls on …
US blacklists Chinese companies over TSMC chips in Huawei processor Read More »
(Reuters) – Argentina will roll out changes to the country’s anti-dumping system in an effort to promote greater competition and bring down prices, Economy Minister Luis Caputo said on social media on Wednesday. The changes include reducing the maximum duration of anti-dumping duties from five years, with unlimited renewals, to three years with a single …
Argentina to reform anti-dumping system to boost competition Read More »
