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Meituan returns to profit as Q1 revenue beats estimates
By Casey Hall SHANGHAI (Reuters) -Chinese food delivery giant Meituan on Thursday reported a return to net profit in the first quarter on forecast-beating revenue as it fended off competition from riv...
Syndicated Content May 25, 2023
Nvidia close to becoming first trillion-dollar chip firm after stellar forecast
By Aditya Soni (Reuters) - For Nvidia Corp, the boom in generative artificial intelligence (AI) is everything, everywhere, all at once. The chip designer's shares extended their rally this year on Thu...
Syndicated Content May 25, 2023
CIBC posts lower second-quarter profit on loan loss provisions
(Reuters) -CIBC reported a decline in second-quarter profit on Thursday, as the Canadian lender set aside higher provisions to prepare for soured loans due to a challenging economy. The results follow...
Syndicated Content May 25, 2023
Embraer backs jet engine maker Pratt & Whitney
By Tim Hepher LISBON (Reuters) - Brazil's Embraer voiced "full support" for Pratt & Whitney as it battles durability problems on its latest jet engines, but said a separate business tussle with engine...
Syndicated Content May 25, 2023
EU watchdog calls for curbing leverage in crypto trading
FRANKFURT (Reuters) - European Union authorities should curb leveraged bets on crypto assets by introducing limits for investment funds, exchanges and other firms to stop shocks in that industry from ...
Syndicated Content May 25, 2023
China rejects claim it is spying on Western critical infrastructure
(Reuters) - The Chinese government has rejected claims that its spies are penetrating Western infrastructure, calling the joint warning issued by the United States and its allies a "collective disinfo...
Syndicated Content May 25, 2023
Blockchain.com CEO says US default would hit crypto initially
By Andrew Mills DOHA (Reuters) - A U.S. government default would trigger an initial pull-back from crypto currencies followed by a "push upward" the CEO of London-based crypto firm Blockchain.com said...
Syndicated Content May 25, 2023
Shale R&D cuts cast shadow on future of US oil production
By Liz Hampton (Reuters) - Shale technology advances that propelled the U.S. to the top global oil producer spot with world-beating growth rates are falling fewer and farther between as drilling budge...
Syndicated Content May 25, 2023
Exclusive-Offshore access curbed for website of Chinese province facing Taiwan -sources
HONG KONG (Reuters) - Some offshore users of an official Chinese website providing economic and demographic data on the southeastern province of Fujian across from Taiwan say their access has been res...
Syndicated Content May 25, 2023
India’s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak – source
By M. Sriram MUMBAI (Reuters) - India's Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share ...
Syndicated Content May 25, 2023
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