By Qiaoyi Li and Brenda Goh BEIJING (Reuters) -China’s Xiaomi founder and CEO Lei Jun said on Tuesday that he expected the company’s auto business to turn profitable in the second half of the year, according to a company spokesperson. Xiaomi’s loss from its smart electric vehicles, AI and other new projects amounted to 0.5 …
China’s Xiaomi founder expects EV business to turn profitable in H2 Read More »
By Manoj Kumar NEW DELHI (Reuters) -Trade negotiations between the United States and India are making progress and a deal could be finalised soon, U.S. Commerce Secretary Howard Lutnick said on Monday, as both sides push to conclude talks ahead of a July deadline. “You should expect a deal between United States and India (in …
US-India nearing trade deal as talks progress, commerce secretary says Read More »
(Reuters) -Elon Musk’s Neuralink said on Monday that it had raised $650 million in its latest funding round as its brain implant device enters clinical trials. “This funding helps us bring our technology to more people — restoring independence for those with unmet medical needs and pushing the boundaries of what’s possible with brain interfaces,” …
Musk’s Neuralink raises $650 million in latest funding as clinical trials begin Read More »
SYDNEY (Reuters) -Australia’s central bank said on Tuesday that higher U.S. tariffs would drag on the global economy and put near-term downward pressures on prices of traded goods, though the exact impact is hard to assess given the policy uncertainties. In a speech in Brisbane, Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said …
Australia central bank says higher US tariffs a drag on global economy Read More »
SYDNEY, June 3 (Reuters) – Australia’s central bank considered cutting interest rates by an outsized 50 basis points last month as “insurance” against global trade risks, but decided to go the predictable route with a cautious easing. Minutes of its May 20 policy meeting, showed the Reserve Bank of Australia board also debated holding rates …
Australia central bank pondered outsized rate cut in May, decided to be predictable Read More »
By David Shepardson WASHINGTON (Reuters) -Major airlines said on Monday they oppose a new effort to advance legislation that would reduce fees charged by Visa and Mastercard on transactions, saying it could force them to stop offering rewards credit cards that give consumers frequent flyer miles for making transactions. American Airlines, United Airlines, Southwest Airlines …
US airlines oppose credit card fee crackdown they say could imperil free flight offers Read More »
SAO PAULO (Reuters) -Brazil’s antitrust body Cade approved on Monday, without restrictions, the merger of pet product retailers Cobasi and Petz, a decision on Cade’s website showed. The approval could mark Cade’s final green light for the merger, unless an appeal is filed within 15 days. If this happens, the case could be decided by …
By Saeed Azhar, Kanchana Chakravarty and Sukriti Gupta NEW YORK (Reuters) -The S&P 500 index closed higher on Monday as investors were still optimistic over trade talks between the United States and its trading partners despite President Donald Trump’s latest salvo to double tariffs on imported steel and aluminum. Trump said late on Friday he …
S&P closes higher on trade hopes, Nvidia lifts Nasdaq Read More »
(Fixes misspelling in paragraph 5 on Margot) By Danielle Broadway LOS ANGELES (Reuters) -Toy maker Mattel is combining its film and television units to form Mattel Studios, it said on Monday, as the company seeks to produce entertainment driven by its brands and potentially repeat the commercial success of the “Barbie” movie. Mattel Films President …
Mattel is combining film and television units to create Mattel Studios Read More »
By Suzanne McGee (Reuters) -Asset management giant Vanguard Group plans to launch a new exchange-traded fund (ETF) that will target emerging markets while excluding China, joining a growing niche shaped by investor debate over China’s role in global portfolios. The Vanguard Emerging Markets ex-China ETF will make its debut later this summer. Many investors have …
Vanguard files for new ex-China emerging markets ETF Read More »
