Category Archives:
Chinese rush to buy Hong Kong insurance, dollars as confidence cracks, yuan weakens
SHANGHAI/HONG KONG (Reuters) - Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan faces ...
Syndicated Content Jul 05, 2023
Samsung profit likely lowest in more than 14 years as chip glut persists
By Joyce Lee SEOUL (Reuters) - Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large l...
Syndicated Content Jul 05, 2023
Zuckerberg-Musk fight is on: Meta launches ‘Twitter Killer’ Threads app
By Katie Paul NEW YORK (Reuters) - Meta's Mark Zuckerberg is set to deliver a blow to Elon Musk on Wednesday night, as the tech billionaires' rivalry goes live with the launch of Instagram's much-anti...
Syndicated Content Jul 05, 2023
Striking Los Angeles hotel staffers return to work, more walkouts threatened
By Steve Gorman LOS ANGELES (Reuters) - Thousands of Los Angeles-area hotel staffers returned to work on Wednesday from a three-day strike without a contract, but union leaders threatened further walk...
Syndicated Content Jul 05, 2023
SVB Financial gets court approval to sell investment bank
(Reuters) - A U.S. bankruptcy judge on Wednesday allowed SVB Financial Group, owner of bankrupt Silicon Valley Bank, to sell its investment banking business to the division's founder. Buyers include a...
Syndicated Content Jul 05, 2023
Rash of shark attacks reported in New York over July 4 weekend
By Rachel Nostrant NEW YORK (Reuters) - Four shark attacks were reported off the coast of New York's Long Island over the holiday weekend, extending a recent spike in such encounters in state waters, ...
Syndicated Content Jul 05, 2023
ChatGPT-maker OpenAI says it is doubling down on preventing AI from ‘going rogue’
By Anna Tong (Reuters) - ChatGPT's creator OpenAI plans to invest significant resources and create a new research team that will seek to ensure its artificial intelligence remains safe for humans - ev...
Syndicated Content Jul 05, 2023
Stellantis says to resume battery plant construction in Canada after reaching deal with governments
(Reuters) - Canada's federal government and the province of Ontario on Wednesday inked a new deal with Stellantis-LG Energy Solution (LGES), increasing state subsidies for the construction of an elect...
Syndicated Content Jul 05, 2023
Marketmind: Yellen in China
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. U.S. Treasury Secretary Janet Yellen touches down in Beijing on Thursday for a ...
Syndicated Content Jul 05, 2023
Man pleads guilty to raping Ohio child who sought abortion in neighboring Indiana
By Sharon Bernstein (Reuters) - The man charged with raping and impregnating a 9-year-old Ohio girl who traveled to neighboring Indiana to obtain an abortion last year pleaded guilty on Wednesday and ...
Syndicated Content Jul 05, 2023
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