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(Reuters) -The United States has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, Bloomberg News reported on Wednesday. The Commerce Department’s Bureau of Industry and Security recently issued the Nvidia export licenses under the terms of a bilateral artificial intelligence agreement hashed out in May, the report said, citing …

US approves some Nvidia UAE sales, Bloomberg News reports Read More »

By Anton Bridge TOKYO (Reuters) -The “Takaichi trade” that propelled Japanese stocks to record highs this week passed by the banking sector, which heavily underperformed the market as investors, bracing for Sanae Takaichi as the nation’s new leader, repriced their exposure. But not for long, some analysts say, as the economic landscape under a Takaichi …

Japanese banks well placed to join Nikkei’s Takaichi euphoria, say analysts Read More »

(Corrects to restore dropped word in brokerage name in penultimate paragraph) By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank slashed its benchmark rate by an aggressive 50 basis points on Wednesday, surprising some in the markets as policymakers signalled concerns about the frail state of the economy and kept the door open for further …

New Zealand delivers jolt to frail economy with 50-bp rate cut, flags more easing Read More »

(Reuters) -Warner Music Group is nearing an agreement with Netflix to create a variety of movies and documentaries based on the label’s artists and songs, Bloomberg News reported on Wednesday, citing people familiar with the matter. Reuters could not immediately verify the report. Warner Music, the label behind artists such as Bruno Mars and Ed …

Warner Music in talks with Netflix for artist-based films, Bloomberg News reports Read More »

(Reuters) -Australian lender ANZ announced three senior leadership appointments to its Group Executive Committee on Thursday, as part of efforts to strengthen its retail, risk management, and technology operations. Pedro Rodeia will join as group executive for Australia Retail, Christine Palmer as group chief risk officer, and Donald Patra as group chief information officer, ANZ …

ANZ names three new senior executives to bolster retail, risk and tech units Read More »

By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Wednesday dismissed a lawsuit by the National Retail Federation challenging a New York state law that requires retailers to tell customers when their personal data are used to set prices, known as surveillance pricing. U.S. District Judge Jed Rakoff in Manhattan said the world’s largest …

Judge dismisses retail group’s challenge to New York surveillance pricing law Read More »

By David Shepardson BALTIMORE (Reuters) -The Federal Aviation Administration delayed flights for a third straight day on Wednesday at airports including Reagan Washington National and Newark Liberty International Airport as the agency continued to face higher-than-normal staffing shortages. There were nearly 3,000 flight delays by 5:30 p.m. ET (2130 GMT) after 10,000 delays in total …

FAA delays flights for third day as government shutdown continues Read More »

By Stephen Culp NEW YORK (Reuters) -Technology shares boosted U.S. stocks to a higher close on Wednesday as investors, lacking economic data during the government shutdown, looked to minutes from the Federal Reserve’s most recent policy meeting for clues to the outlook for interest rates. The tech-laden Nasdaq enjoyed the biggest percentage gain, boosted by …

S&P 500, Nasdaq end higher as tech strength outweighs Fed concerns Read More »