By Jane Lanhee Lee and Paul Lienert OAKLAND Calif/DETROIT (Reuters) – U.S. chip design firm Advanced Micro Devices Inc on Wednesday said Japan’s major automotive supply company Aisin Corp has c[...]
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Nvidia says it is working with Microsoft to build ‘massive’ cloud AI computer
By Jane Lanhee Lee OAKLAND, Calif, (Reuters) – U.S. chip designer and computing firm Nvidia Corp on Wednesday said it is teaming up with Microsoft Corp to build a “massive” computer to handle in[...]
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U.S. Treasury’s Yellen says crypto markets need better oversight
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that crypto markets need more robust oversight, days after cryptocurrency exchange FTX collapsed. “The recent failure[...]
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Oil falls as Druzhba pipeline reopens, China COVID worries stay at the fore
By Shariq Khan BENGALURU (Reuters) -Oil prices settled more than a dollar lower on Wednesday after Russian oil shipments via the Druzhba pipeline to Hungary restarted and as rising COVID-19 cases in C[...]
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Air France raises 300 million euros with convertible bond issue
By Silvia Aloisi PARIS (Reuters) -Air France-KLM on Wednesday raised just over 300 million euros ($312 million) by issuing subordinated bonds convertible into stock, seeking to strengthen its capital[...]
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Chile’s Codelco trials fully-electric loader in bid to cut emissions
By Natalia A. Ramos Miranda EL TENIENTE MINE, Chile (Reuters) – A huge fully electric-powered 14-ton loading shovel has begun operating at Chile’s century-old El Teniente copper mine, in w[...]
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Nickel prices tumble as LME scrutinises volatile trading
LONDON (Reuters) -The London Metal Exchange (LME) said on Wednesday it was conducting enhanced monitoring of nickel trading after prices fell as much as 12% in volatile and illiquid conditions. The fa[...]
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Micron to supply fewer memory chips in 2023, plans fresh capex cuts
(Reuters) -Micron Technology Inc said on Wednesday it would reduce memory chip supply and make more cuts to its capital spending plan, as the semiconductor firm struggles to clear excess inventory due[...]
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U.S. House committee to hold hearing on collapse of FTX
By David Shepardson WASHINGTON (Reuters) -The U.S. House Financial Services Committee said Wednesday it plans to hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX.[...]
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Reason to be ‘cautiously optimistic’ on renewal of Ukraine grain deal -U.N. source
(Reuters) – A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of the Black Sea grains initiative, which is set to roll over on[...]
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