(Reuters) -Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business. The stake purchase from Turkish e-commerce firm Trendyol Group gives Uber control of …
(Reuters) – Elon Musk plans to proceed with his highly watched lawsuit against OpenAI, his lawyer Marc Toberoff said on Monday, hours after the AI startup dialed back its earlier plan to remove control by its non-profit arm. Under OpenAI’s newly proposed plan, its non-profit parent would continue to control the for-profit business and become …
By Shankar Ramakrishnan (Reuters) -A very small proportion of U.S. banks have issued a complex product that enabled them to shed risk from loan portfolios and the relatively modest use of the products was a credit positive, Moody’s Ratings said in a report after surveying 69 rated U.S. banks. In deals known as credit risk …
US banks modest use of risk transfers is credit positive, Moody’s says Read More »
By Mike Dolan LONDON (Reuters) – A look at what matters in U.S. and global markets today from Mike Dolan, Editor-At-Large, Finance and Markets World markets are getting nervy again on the back of fresh salvos in Washington’s trade war, a striking slide in the U.S. dollar in Asia and an unexpected political twist in …
By Sarupya Ganguly BENGALURU (Reuters) – Concerns are mounting about the dollar’s safe haven appeal, according to a majority of FX strategists surveyed by Reuters who forecast the global reserve currency will decline further over the coming year amid fears of an economic downturn. Since President Donald Trump’s return to the White House, the greenback …
US dollar’s safe haven halo flickers amid Fed, fiscal and trade jitters – Reuters poll Read More »
By Fergal Smith TORONTO -Greater Toronto Area home sales rose in April from March but were down sharply from April last year, as homebuyers weighed trade tensions between Canada and the United States, Toronto Regional Real Estate Board data showed on Tuesday. Seasonally adjusted sales were up 1.8% on a month-over-month basis at 4,267 units, marking …
Toronto home sales claw back some recent declines in April Read More »
SINGAPORE (Reuters) – Singapore Gulf Bank said on Tuesday that it had appointed former U.S. Federal Reserve vice chair Randal Quarles as vice chairman of its newly-formed global advisory board to support the digital lender’s international growth strategy. Singapore Gulf Bank said in a statement that the global advisory board would be chaired by Whampoa …
By Helen Reid LONDON (Reuters) -European online fashion retailer Zalando reported first-quarter revenue that was stronger than expected thanks to additional customers and a good start to spring and summer sales, and confirmed its 2025 guidance. The multi-brand platform that sells clothes, shoes and accessories said group revenue grew 7.9% to 2.42 billion euros ($2.74 …
Zalando beats first-quarter sales forecast despite ‘cautious’ consumers Read More »
(Reuters) -OpenAI has agreed to buy artificial intelligence-assisted coding tool Windsurf for about $3 billion, Bloomberg News reported on Monday, citing people familiar with the matter. The deal has not yet closed, the report added. OpenAI declined to comment, while Windsurf did not immediately respond to Reuters’ requests for comment. Windsurf, formerly known as Codeium, …
OpenAI agrees to buy Windsurf for about $3 billion, Bloomberg News reports Read More »
By Nora Eckert and Nathan Gomes DETROIT (Reuters) -Ford Motor suspended its annual guidance on Monday because of uncertainty around U.S. President Donald Trump’s tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and taxes. “It’s still too early to fully understand our competitors’ responses to these tariffs,” …
Ford pulls guidance, warns it will take $1.5 billion hit from Trump’s tariffs Read More »
