Category Archives:
Chinese search giant Baidu introduces Ernie Bot, shares tumble 10%
By Eduardo Baptista BEIJING (Reuters) - Baidu on Thursday unveiled its much-anticipated artificial intelligence-powered chatbot known as Ernie Bot, with its CEO saying that it was the culmination of t...
Mar 16, 2023
Didi to expand services in China after regulators end probe
By Josh Ye HONG KONG (Reuters) - Chinese ride-hailing company Didi Global plans to expand services and offer more subsidies to passengers and drivers, it said on Thursday, looking to shore up its busi...
Mar 16, 2023
Holcim acquires HM Factory to enter precast market in Poland
ZURICH (Reuters) - Holcim on Thursday said it has acquired HM Factory, a provider of precast concrete products for an undisclosed sum. HM Factory, which makes products used in walls, staircases and ba...
Mar 16, 2023
EU to unveil plans for leadership in green industrial revolution
BRUSSELS (Reuters) - The European Commission on Thursday will present the centrepieces of its strategy to ensure its industry can compete with the United States and China in making clean tech products...
Mar 16, 2023
South Korea BOK member calls for closer watch of core inflation
SEOUL (Reuters) - One of the Bank of Korea's board members said on Thursday that core inflation should be watched more closely than the headline indicator for the time being to better assess changes i...
Mar 16, 2023
Freight train carrying hazardous materials derails in western Arizona – media
(Reuters) - A freight train carrying hazardous materials derailed in western Arizona on Wednesday evening, The New York Times reported, citing a spokesperson for the Mohave County Sheriff's Office. Th...
Mar 16, 2023
On the precipice: How Credit Suisse’s day of drama unfolded
NEW YORK (Reuters) - On March 16, 2008, Bear Stearns was forced into the arms of JPMorgan Chase & Co in a dramatic weekend rescue after Wall Street turned on the investment bank, fearing it would coll...
Mar 16, 2023
Marketmind: ECB into the eye of banking storm
A look at the day ahead in European and global markets from Tom Westbrook The European Central Bank (ECB) meets today for the first big test of policymakers' response to bank stability fears that are ...
Mar 16, 2023
FTX transferred $2.2 billion to Bankman-Fried via related entities, new managers say
(Reuters) - Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company's new management said. Overall more tha...
Mar 16, 2023
Analysis-For Goldman Sachs, SVB’s botched stock sale had a silver lining
By Echo Wang, Lananh Nguyen and David French NEW YORK (Reuters) - As SVB Financial Group wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Go...
Mar 16, 2023
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