By David Ljunggren OTTAWA (Reuters) – Before Canada said this week it was imposing a 100% duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its auto[...]
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August 29, 2024
Nations building their own AI models add to Nvidia’s growing chip demand
By Arsheeya Bajwa (Reuters) – Nations building artificial intelligence models in their own languages are turning to Nvidia’s chips, adding to already booming demand as generative AI takes[...]
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Analysis-As it reins in wasteful investment, China frets over growth
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – China’s local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infra[...]
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Analysis-Bond markets face a reckoning after stellar summer run
By Yoruk Bahceli (Reuters) – Government bond markets, which have enjoyed a summer of solid price gains, now face a reckoning with their bets for speedy central bank rate cuts and slowing inflati[...]
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Factbox-What were India’s antitrust concerns over Disney-Reliance deal
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Walt Disney Co and Reliance Industries won approval from the Competition Commission of India (CCI) on Wednesday for an $8.5 billion mer[...]
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Australia’s CBA chief blasts misinformation, populism targeting corporates
By Byron Kaye SYDNEY (Reuters) -The CEO of Australia’s biggest bank on Thursday decried the rise of misinformation and labelled a proposed tax on big company profits meritless, pushing back agai[...]
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Chinese regional banks investment revenues surge even as lending falters
SHANGHAI (Reuters) – Several Chinese regional banks have reported a jump in their investment income in the first half of the year, even as their primary lending businesses faltered, as the flail[...]
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SpaceX’s Falcon 9 grounded after failing landing attempt
By Joey Roulette WASHINGTON (Reuters) -The U.S. Federal Aviation Administration on Wednesday said SpaceX’s workhorse Falcon 9 rocket has been grounded after failing an attempt to land back on Ea[...]
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Nvidia fails to impress growth-hungry investors, shares fall
By Arsheeya Bajwa (Reuters) -Nvidia’s quarterly forecast on Wednesday failed to meet lofty expectations of investors who have driven a dizzying rally in its stock as they bet billions on the fut[...]
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