Category: Reuters
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Factbox-List of Chinese entities who have turned to the cloud for access to restricted US tech By Reuters
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(Reuters) – Chinese entities with ties to the state are using cloud services provided by Amazon.com Inc or its rivals to access advanced U.S. chips and artificial intelligence capabilities they could not otherwise obtain, recent public bidding documents show. Providing access to such technologies through the cloud does not violate…
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Australian regulator hikes ANZ’s capital requirements after bond trading misconduct By Reuters
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Australia’s prudential regulator said on Friday it had increased ANZ Group’s additional capital requirement to A$750 million ($502.73 million), stepping up its regulatory oversight after the bank recently admitted to providing incorrect bond trading data. The move by the Australian Prudential Regulation Authority (APRA), which represents an A$250 million increase…
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AstraZeneca warns of moving UK vaccine production to US, FT reports By Reuters
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(Reuters) – AstraZeneca has warned it may move vaccine manufacturing from the United Kingdom to the United States amid a standoff with the new Labour government over plans to cut state aid, the Financial Times reported on Thursday. UK finance minister Rachel Reeves wants to cut government funding for the…
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US FDA approves updated COVID shots ahead of fall and winter By Reuters
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Written by Maryam Sani and Manas Mishra (Reuters) – The U.S. Food and Drug Administration on Thursday approved updated COVID-19 vaccines from Pfizer Inc. Pfizer (New York Stock Exchange:) and accident (NASDAQ:) is targeting a new variant of the disease, just in time for a vaccination campaign in the fall.…
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‘Indescribable’ crew errors led to Sicily shipwreck, yacht maker says By Reuters
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By Matteo Negri MILAN (Reuters) – A series of “unspeakable, unbelievable mistakes” by the crew led to the sinking of the luxury yacht that killed British businessman Mike Lynch and six others earlier this week, the chief executive of the luxury yacht maker told Reuters on Thursday. The British-flagged 56-metre…
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Rupee ends lower, logs worst single-day fall in nearly two months By Reuters
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Written by Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee fell on Wednesday, posting its worst day in nearly two months, as demand for dollars from importers and foreign banks erased almost all of the currency’s gains earlier in the week. The rupee closed at 83.9225 against the US dollar,…
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Media veteran Bronfman raises bid for Paramount takeover to $6 billion, source says By Reuters
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(This story, originally published on August 21, has been resubmitted to correct RedBird’s writing style, in paragraph 8.) LOS ANGELES (Reuters) – Veteran businessman Edgar Bronfman has sharpened his bid for Paramount Global Inc. with a $6 billion offer for the controlling stake in National Amusements Inc. and a minority…
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US auto safety regulator closes probe into GM’s Cruise robotaxis By Reuters
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The National Highway Traffic Safety Administration said Thursday it has closed its initial evaluation of extreme braking and stabilization in 1,194 self-driving vehicles operated by General Motors Co.’s Cruise unit. The National Highway Traffic Safety Administration said it closed the evaluation after reviewing the Cruze recall and analyzing data, which…
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Euro and pound hold near 13-month highs, euro zone data in focus By Reuters
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By Kevin Buckland and Alun John TOKYO/LONDON (Reuters) – The euro held near its highest in more than a year against the dollar on Thursday after strong euro zone business activity data and ahead of euro zone wage figures that will shape the European Central Bank’s interest rate path. The…
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Canada’s CN Rail, CPKC shut freight network after impasse over union talks By Reuters
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Written by Jahnavi Nidumulu and Abhinav Parmar (Reuters) – Canadian National Railway (CN) and Canadian Pacific Kansas City-based CPKC shut down its railroads nationwide on Thursday, laying off about 10,000 workers after failed negotiations with a major labor union. The decision, confirmed by the Teamsters Union, paves the way for…
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Rupee dips; forward premiums rise amid near certainty on Fed rate cuts By Reuters
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Written by Nimesh Vora MUMBAI (Reuters) – The Indian rupee fell slightly on Thursday as a rally in peer Asian currencies paused, while futures premiums rose after Federal Reserve minutes and downward revisions to U.S. payrolls pushed it close to two-week lows. The Indian rupee was at 83.9425 per US…
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US urges Japan to name disaster relief hub task force members By Reuters
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By Tim Kelly TOKYO (Reuters) – The United States called on Japan on Wednesday to name its representatives to a joint task force that will determine the location and resources of a humanitarian aid and disaster relief center they have agreed to establish in Japan. In letters seen by Reuters…
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PBOC is expected to set the USD/CNY reference rate at 7.1226 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Explainer-Big Tech wants AI to be regulated. Why do they oppose a California AI bill? By Reuters
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By Greg Bensinger SAN FRANCISCO (Reuters) – California lawmakers are set to vote on a bill this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants voice widespread opposition. Here’s some background on the bill, known as SB…
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Citi added new section on reorganization in quarterly report following US SEC query By Reuters
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(Reuters) – Citigroup Inc added a new section on its multi-year reorganization to its quarterly report to the U.S. Securities and Exchange Commission in August following inquiries from the markets regulator. In its letter to Citi, sent in June and unsealed on Wednesday, the SEC asked the bank to review…
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Helicopter of Iran’s late President Raisi crashed due to weather, Fars says By Reuters
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DUBAI (Reuters) – The helicopter crash that killed late Iranian President Ebrahim Raisi in May was caused by weather conditions and the aircraft’s inability to handle the weight it was carrying, a semi-official Iranian news agency reported on Wednesday, citing a security source familiar with the final results of the…
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Analysis-Euro, now a safer bet, emerges a winner from market turmoil By Reuters
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Written by Sruthi Shankar and Alun John (Reuters) – The euro is trading at its highest level this year against the dollar, emerging as a clear winner from recent turmoil in global currency markets that has destabilized the strong dollar and halted a sustained slide in the Japanese yen. After…
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Stellantis CEO visits US to create plan to reverse lagging profit, sources say By Reuters
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By Giulio Piovaccari, Gilles Guillaume and Nora Eckert DETROIT (Reuters) – Stellantis Chief Executive Carlos Tavares has begun a three-day visit to Detroit where he will seek to develop a strategy to overhaul the European automaker’s troubled North American operations and reassure employees and investors, two people familiar with the…
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Israeli strikes kill dozens in Gaza after Blinken ends visit with truce deal still elusive By Reuters
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Written by Nidal Al-Maghribi and James Mackenzie CAIRO/JERUSALEM (Reuters) – Israeli air strikes across the Gaza Strip killed at least 50 Palestinians in the past 24 hours, Palestinian health authorities said on Wednesday, as the military said its forces continued to target militants and seize weapons and ammunition. As the…