By Aditya Soni (Reuters) -U.S. President Donald Trump on Thursday demanded the immediate resignation of new Intel CEO Lip-Bu Tan, calling him “highly conflicted” due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon. Reuters reported exclusively in April that Tan invested at least $200 …
Trump demands ‘highly conflicted’ Intel CEO resign over China ties Read More »
(Reuters) -Intel Chief Executive Lip-Bu Tan on Thursday said the chipmaker is engaging with the U.S. administration to clarify concerns and ensure accurate information is provided after President Donald Trump demanded his immediate resignation earlier in the day. Trump called the CEO “highly conflicted” due to his ties to Chinese firms, raising doubts about plans …
Intel CEO says he is working with US administration after Trump demands resignation Read More »
By Timothy Gardner, David Lawder and Seher Dareen WASHINGTON/LONDON (Reuters) -From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy weapon. With a Friday deadline for Russia to agree to peace in Ukraine or have its oil customers face secondary tariffs, Trump …
Analysis-Trump tariffs on Russia’s oil buyers bring economic, political risks Read More »
(Reuters) -Australia’s Fortescue said on Friday it had secured a yuan-denominated loan worth 14.2 billion Chinese yuan ($1.98 billion) to ramp up its decarbonisation plans, weeks after scrapping its U.S. and Australian green hydrogen projects. The loan agreement comes as the world’s fourth-largest iron ore miner reshapes its clean energy portfolio as the United States …
Australia’s Fortescue secures yuan loan worth $2 billion for green energy plans Read More »
By Chandni Shah and Surbhi Misra (Reuters) -Meta has tapped U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital to spearhead a $29 billion financing for its data center expansion in rural Louisiana, a person familiar with the matter told Reuters. PIMCO will handle about $26 billion of debt, likely to be issued …
Meta taps PIMCO, Blue Owl for $29 billion data center expansion project, source says Read More »
(Reuters) -Shares of Australia’s Iress surged on Friday after the company said it had earlier considered a takeover approach from Blackstone and is now in talks with both the U.S. investment giant and private equity firm Thoma Bravo over a new proposal. Shares of the Australian financial software firm jumped as much as 15.6% to …
Shares of Australia’s Iress rise on early buyout talks with Blackstone, Thoma Bravo Read More »
By Ateev Bhandari and Pritam Biswas (Reuters) -Medical technology firm Heartflow said on Thursday it had raised $316.7 million in its U.S. initial public offering, setting the stage for its Nasdaq debut in another test of investor appetite for medical tech companies. The Mountain View, California-based company sold 16.67 million shares at $19 each, compared …
Heartflow raises $316.7 million in US IPO as medtech listings attempt comeback Read More »
By Ana Isabel Martinez and Adriana Barrera MEXICO CITY (Reuters) -The head of an association representing global oilfield service firms in Mexico said on Thursday that a new business plan for state oil company Pemex lacks concrete measures to address its massive debt with suppliers, despite official promises to speed up payments. Rafael Espino, president …
Pemex plan disappoints suppliers awaiting billions in overdue payments Read More »
(Reuters) -Instacart forecast third-quarter gross transaction value above Wall Street estimates on Thursday, betting on resilient demand amid efforts to offer cheaper groceries through its platform, sending its shares up 9% in extended trading. The company, also known as Maplebear, has doubled down on its push to match in-store prices on its platform to attract …
Instacart forecasts strong quarter on demand for cheaper grocery deliveries Read More »
By Jaspreet Singh (Reuters) -Pinterest missed analysts’ estimates for second-quarter profit on Thursday, overshadowing robust revenue and user growth, and sending its shares down over 11% in extended trading. The social media platform reported adjusted profit per share of 33 cents, below analysts’ average estimate of 35 cents, according to data compiled by LSEG. However, …
Pinterest profit miss overshadows Gen Z, AI-driven growth Read More »
