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Category: Business

China, South Korea agree to strengthen talks on chip industry – Chinese commerce ministry
AsiaBusinessTechnologyUS

China, South Korea agree to strengthen talks on chip industry – Chinese commerce ministry

BEIJING (Reuters) – China and South Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid…

May 27, 2023May 27, 2023
Oil prices rise as US closes in on debt deal
AsiaBusinessEconomyUS

Oil prices rise as US closes in on debt deal

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling…

May 26, 2023May 26, 2023
Fed ‘pause’ on rate hikes in doubt after strong US data
BusinessEconomyUS

Fed ‘pause’ on rate hikes in doubt after strong US data

By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers got a dose of unexpectedly strong U.S. economic data…

May 26, 2023May 26, 2023
Marvell’s shares get AI boost a day after Nvidia’s surge
BusinessEconomyTechnologyUS

Marvell’s shares get AI boost a day after Nvidia’s surge

(Reuters) – Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a…

May 26, 2023May 26, 2023
Wall Street ends higher as Nvidia sparks rush for AI stocks
BusinessEconomyTop NewsUS

Wall Street ends higher as Nvidia sparks rush for AI stocks

By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Thursday after a blowout forecast from…

May 25, 2023May 25, 2023
Nvidia fuels Wall Street gains; gold falls to two-month low
AsiaAustraliaBusinessEconomyEuropeUS

Nvidia fuels Wall Street gains; gold falls to two-month low

By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) -Progress on U.S. debt ceiling talks bolstered global equities and sent…

May 25, 2023May 25, 2023
What would happen to a Treasury bill after default? Six key questions
BusinessEconomyUS

What would happen to a Treasury bill after default? Six key questions

By Karen Brettell (Reuters) – The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn’t…

May 25, 2023May 25, 2023
Oil prices gain 2% on falling U.S. stockpiles, Saudi warning
AsiaBusinessEconomyUS

Oil prices gain 2% on falling U.S. stockpiles, Saudi warning

By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude…

May 24, 2023May 24, 2023
PacWest shares slip as debt ceiling concerns overshadow asset sale optimism
BusinessEconomyUS

PacWest shares slip as debt ceiling concerns overshadow asset sale optimism

(Reuters) -Shares of U.S. regional lender PacWest Bancorp fell nearly 2% on Wednesday, as investor optimism over its property lending…

May 24, 2023May 24, 2023
Citigroup scraps Mexico unit sale, will pursue IPO instead
Business

Citigroup scraps Mexico unit sale, will pursue IPO instead

By Tatiana Bautzer, Saeed Azhar and Isabel Woodford NEW YORK/LONDON (Reuters) – Citigroup Inc scrapped a $7-billion sale of its…

May 24, 2023May 24, 2023

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