Category: Reuters
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Central banks turn cautious on China’s yuan, keen on dollars and gold By Reuters
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Written by Alun John LONDON (Reuters) – More global reserve managers intend to increase exposure to the currently high-yielding U.S. dollar as their interest in it deteriorates due to lower yields and geopolitical tensions, the official forum of monetary and financial institutions said. Data from a survey conducted by the…
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US investigates Nissan vehicles after air bag deployments By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – U.S. auto safety regulators said on Monday they have opened an investigation into nearly 75,000 Nissan (OTC:) 2015 Rogue Select vehicles over reports of unintended deployment of side airbags in some of them. The NHTSA investigation was launched in response to reports of…
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American Airlines would consider new JetBlue venture if it wins appeal By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – American Airlines (NASDAQ:) told an appeals court on Monday that it would consider a new arrangement with JetBlue Airways (NASDAQ:) if it wins a ruling overturning a May 2023 decision requiring it to end the alliance. US District Judge Leo Sorokin ruled in…
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Mexico peso drops more than 3% on jitters over Morena supermajority By Reuters
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Written by Karen Strohecker LONDON (Reuters) – The Mexican peso fell more than three percent against the dollar on Monday after the ruling party had a surprisingly strong performance in the elections and appeared on track to win a landslide that markets fear could lead to constitutional change and the…
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Dollar stands tall as traders mull Fed outlook; focus on ECB By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar stabilized on Monday, as investors accepted the idea that US inflation may have slowed enough to prompt the Federal Reserve to cut interest rates in 2024, while the euro remained calm ahead of an expected cut from the European Central Bank.…
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China’s manufacturing surges, Caixin PMI shows, but global risks grow By Reuters
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BEIJING (Reuters) – Factory activity in China grew at the fastest pace in nearly two years in May thanks to gains in production and new orders, especially at small businesses, a private sector survey showed on Monday, raising expectations for the second quarter. The Caixin/S&P Global Manufacturing PMI rose to…
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AMD launches new AI chips to take on leader Nvidia By Reuters
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Written by Arshia Bajwa TAIPEI (Reuters) – Advanced Micro Devices (NASDAQ:) unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia (NASDAQ:). At the Computex technology trade show in Taipei, AMD…
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PBOC is expected to set the USD/CNY reference rate at 7.2378 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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Analysis-Red tape clogs China’s offshore IPO pipeline even as markets recover By Reuters
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Written by Ken Wu, Julie Zhu, Selina Li, and Scott Murdoch HONG KONG (Reuters) – More than a year after China pledged to make overseas listings easier, companies are grappling with a regulatory impasse that is unlikely to ease soon, and eyeing the prospect of sharply lower valuations even as…
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Mexico will get its first woman president in historic vote By Reuters
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Written by Lizbeth Diaz and Sarah Kenosian MEXICO CITY – Mexican voters waited long hours Sunday to cast their ballots in a historic election that is expected to make the ruling party’s leftist candidate, Claudia Sheinbaum, the country’s first female president. Sheinbaum led in the polls over her main rival,…
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Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports By Reuters
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(Reuters) – Skydance Media last week revised its offer to Paramount Global to buy up to a certain number of non-voting Paramount shares at $15 each, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The new proposal values Paramount B shares at a roughly 26%…
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Pound nears 2016 levels as election nods to new Brexit tack: Mike Dolan By Reuters
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Written by Mike Dolan LONDON (Reuters) – The sight of the pound hitting its highest levels since the 2016 Brexit referendum after a surprise election announcement in the United Kingdom is hard to ignore – and may signal hope on the sidelines of recovery from the economic damage linked to…
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Donald Trump joins TikTok, rapidly wins a million followers By Reuters
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(Reuters) – Within hours of joining TikTok, Republican presidential candidate Donald Trump attracted 1 million followers on Sunday on the short-video social media platform he tried to ban as president on national security grounds. The decision to join the platform will help the former president reach younger voters in his…
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Nvidia says its next-generation AI chip platform to be rolled out in 2026 By Reuters
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TAIPEI (Reuters) – The company’s next-generation artificial intelligence chip platform is called Robin and will be rolled out in 2026, Nvidia CEO Jensen Huang said on Sunday. The Rubin chipset family will include new graphics (GPU) and central processors (CPU) as well as networking chips, Huang said at National Taiwan…
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Nvidia says its next-generation AI chip platform to be rolled out in 2026 By Reuters
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TAIPEI (Reuters) – The company’s next-generation artificial intelligence chip platform is called Robin and will be rolled out in 2026, Nvidia CEO Jensen Huang said on Sunday. The Rubin chipset family will include new graphics (GPU) and central processors (CPU) as well as networking chips, Huang said at National Taiwan…
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Yen weakness persists despite Tokyo’s $62 billion intervention By Reuters
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By Tetsushi Kajimoto TOKYO (Reuters) – Japanese authorities spent 9.79 trillion yen ($62.23 billion) intervening in the foreign exchange market to support the yen over the past month, moves that prevented the currency from testing new lows but are unlikely to reverse long-term declines. Finance Ministry data released on Friday…
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Dollar set for first monthly drop after US inflation readout By Reuters
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Written by Hannah Lange NEW YORK (Reuters) – The dollar fell on Friday and was headed for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, which did not clarify much about the extent to which the U.S. Federal Reserve could…
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South Africa’s potential kingmakers struggle with white image By Reuters
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Written by Joe Bavier and Wendell Rolfe CAPE TOWN (Reuters) – Looking out his window at Cape Town’s False Bay, Nick Serra acknowledges that things are looking up in South Africa’s second-largest city, a stronghold of the opposition Democratic Alliance. But that does not mean he is ready to see…
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Russia eases forex sales requirements for contracts in roubles By Reuters
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MOSCOW (Reuters) – The Russian government has eased requirements for mandatory foreign currency sales for exporters if more than half the value of their contracts is paid in rubles, according to changes to a government decree. President Vladimir Putin signed a decree in October reimposing capital controls, affecting dozens of…