(This May 23 story has been corrected to say SU7, not SUV7, in the penultimate paragraph; and three models, not four, in the final paragraph) By Liam Mo and Casey Hall BEIJING (Reuters) – China[...]
Read more
May 24, 2024
Japan companies hog the spotlight as hedge funds tout their top Asia picks
By Summer Zhen and Xie Yu HONG KONG (Reuters) – Japanese stocks were in focus at a hedge fund conference this week, accounting for most of the top Asia investment ideas as asset managers highlig[...]
Read more
Tesla slashes Model Y production in Shanghai, data shows
SHANGHAI (Reuters) – Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source.[...]
Read more
Japan factory output seen up, inflation complicates BOJ exit – Reuters poll
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese factory output likely grew for a second straight month in April while retail sales picked up, a Reuters poll showed on Friday, highlighting buddin[...]
Read more
US’s Yellen expresses concern over rising living costs, FT says
(Reuters) – U.S. Treasury Secretary Janet Yellen expressed concern over substantial increases in living costs, the Financial Times said on Friday. In an interview published on Friday Yellen said[...]
Read more
Morning Bid: Rates frustration spoils markets’ Friday mood
A look at the day ahead in European and global markets from Ankur Banerjee The cheer from Wall Street darling Nvidia’s strong results didn’t last long as fears that interest rates would st[...]
Read more
Exclusive-Nvidia cuts China prices in Huawei chip fight, sources say
By Fanny Potkin SINGAPORE (Reuters) – Nvidia’s most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a riv[...]
Read more
Exclusive-Samsung’s HBM chips failing Nvidia tests due to heat and power consumption woes, sources say
By Heekyong Yang and Fanny Potkin SEOUL/SINGAPORE (Reuters) -Samsung Electronics’ latest high bandwidth memory (HBM) chips have yet to pass Nvidia’s tests for use in the U.S. firm’s[...]
Read more
Kristin Johnson emerges as a leading candidate to be new US FDIC chair, Bloomberg News reports
(Reuters) – Kristin Johnson, a Democratic commissioner at the Commodity Futures Trading Commission, has emerged as a leading candidate to lead the Federal Deposit Insurance Corp (FDIC), Bloomber[...]
Read more