Reuters US Business

(Reuters) -Chinese authorities have summoned domestic companies including major internet firms Tencent and ByteDance over their purchases of Nvidia’s H20 chips, asking them to explain their reasons and expressed concerns over information risks, three people familiar with the matter told Reuters. The Cyberspace Administration of China (CAC) and other agencies also held meetings with Baidu …

China cautions tech firms over Nvidia H20 AI chip purchases, sources say Read More »

WASHINGTON (Reuters) -U.S. President Donald Trump is considering a lawsuit against Federal Reserve Chair Jerome Powell related to his management of renovations at the Fed’s Washington headquarters, White House spokeswoman Karoline Leavitt said on Tuesday.  The potential move, suggested earlier in a presidential social media post, escalates Trump’s continuing pressure on the central bank leader …

Trump weighing lawsuit against Fed’s Powell over renovations, White House says Read More »

By Stefanie Eschenbacher MEXICO CITY (Reuters) -Two Texas businessmen were indicted for allegedly bribing officials at Mexico’s state energy company Pemex with $150,000 and luxury items to secure contracts, the U.S. Justice Department announced on Monday. Between 2019 and 2021, Ramon Rovirosa and Mario Avila, both Mexican citizens and U.S. lawful permanent residents, conspired to …

Texas businessmen indicted for allegedly bribing officials at Mexico’s Pemex Read More »

By Ateev Bhandari (Reuters) -Cash allocations by U.S. corporations have halved since 2021 as elevated interest rates prompt a shift to higher-yielding treasury bills, data from Clearwater Analytics showed on Tuesday. Median allocations to cash – which includes hard currency, money market funds and 90-day treasury bills – dropped to 20% at the end of …

Cash held by US companies halved since 2021 amid high interest rates, data shows Read More »

WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday reiterated his call for the U.S. Federal Reserve to lower benchmark rates, and cited “a major lawsuit” against Fed Chair Jerome Powell over renovations of the central bank’s buildings. “Jerome ‘Too Late’ Powell must NOW lower the rate,” Trump wrote on his social media platform. “I am, …

Trump cites ‘major lawsuit’ against Fed’s Powell, again urges rate cut Read More »

By Yantoultra Ngui SINGAPORE (Reuters) -The owners of aland Health Holding, a China-based global nutritional supplement maker, are seeking to sell their combined controlling stake, targeting a valuation of more than $1.5 billion, two sources with knowledge of the matter said. Founder and chairman Chang Liang holds around 60% of the company, with the remaining …

Exclusive-China’s aland Health seeking buyers at over $1.5 billion valuation, sources say Read More »