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Tesla launches low-cost Model 3 variant in Europe
Tesla faces softening demand in Europe despite Model Y refreshesNew Model 3 variant priced at 37,970 euros in GermanyDefending European market share against cheaper Chinese rivalsDeliveries expected in first quarterBy Marie Mannes STOCKHOLM, Dec 5 (Reuters) - Tesla TSLA.O launched the new, lower-...
Fri, Dec 5
REFILE-SoftBank's Arm plans to set up chip training facility in South Korea
SEOUL, Dec 5 (Reuters) - South Korea's industry ministry and SoftBank's 9984.T chip unit, Arm Holdings, have signed an agreement to strengthen the country's semiconductor and Artificial Intelligence sectors, a presidential policy adviser said on Friday. The memorandum of understanding i...
Fri, Dec 5
Dollar hovers near five-week low on Fed rate cut bets
Traders lay 86% odds on a Fed cut on December 10U.S. employment picture murky amid delayed dataYen gains amid reports BOJ likely to hike this monthBy Kevin Buckland TOKYO, Dec 5 (Reuters) - The U.S. dollar languished not far from a five-week low against its major peers on Friday as investors brac
Fri, Dec 5
Airbus confirms November deliveries dip after industrial glitch
PARIS, Dec 5 (Reuters) - Airbus AIR.PA delivered 72 planes in November to reach 657 so far this year, the European planemaker said on Friday.The figure, underscoring a weak November cited by Airbus CEO Guillaume Faury after an industrial glitch, means the world's largest planemaker has to delive...
Fri, Dec 5
Netflix in exclusive talks to buy Warner Bros Discovery assets, source says
Netflix offers $28 per share for Warner Bros assets, source saysOffer compares with Thursday closing price of $24.54 Paramount, which has sought to buy whole company, says sale process unfair - CNBC A deal could be announced within days, media reportsBy Milana Vinn Dec 4 (Reuters) - Netflix NFLX....
Fri, Dec 5
Moore Threads, 'China's Nvidia', soars over 400% in Shanghai debut
Shares open at 650 yuan vs issue price of 114.28 yuanMoore Threads raised $1.1 billion in IPOChina's self-sufficiency drive spurs chipmakers to list SHANGHAI/BEIJING, Dec 5 (Reuters) - Shares of Moore Threads Technology Co 688795.SS, dubbed by analysts as "China's Nvidia", soare...
Fri, Dec 5
Japan's Nikkei skids in subdued Asia as bets of rate hike grow
SYDNEY, Dec 5 (Reuters) - Japan's Nikkei skidded on Friday, wiping out this week's gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates.
Fri, Dec 5
Baidu's Kunlunxin, valued at close to $3 billion, eyes Hong Kong IPO, sources say
Dec 5 (Reuters) - Kunlunxin, the AI chip unit of Chinese internet search giant Baidu 9888.HK, is planning an initial public offering in Hong Kong, having recently completed a fundraising that valued it at 21 billion yuan ($2.97 billion), three people familiar with the matter told Reuters.The move co
Fri, Dec 5
China stocks snap three-day slide on chip optimism, but set for weekly loss
HONG KONG, Dec 5 (Reuters) - China stocks edged higher on Friday, snapping a three-day losing streak, on renewed optimism surrounding domestic chipmakers, although major indexes remained on course for a weekly decline.By the midday break, the Shanghai Composite Index .SSEC was up about 0.1% at 3,878
Fri, Dec 5
US minerals projects seek 'industrial vision' from Washington to compete with China
Washington must move even faster to bolster critical minerals projects and offset Beijing's grip on the world's supply of the building blocks for electronics, weapons and a range of other goods, three U.S. mining and refining executives said on Thursday.
Fri, Dec 5
Benchmark JGB yields hit 18-year high as BOJ rate-hike bets gather steam
Benchmark Japanese government bonds (JGBs) slid further on Friday, pushing yields to an 18-year high, as expectations firmed for rate hikes by the Bank of Japan.
Fri, Dec 5
Chinese dronemaker DJI urges US to complete security review
Chinese drone manufacturer DJI, which sells more than half of U.S. commercial drones, urged Congress and the Trump administration on Thursday to quickly complete a security review or extend a December 23 deadline.
Fri, Dec 5
HPE sees weaker quarterly revenue on AI server sales delay
Hewlett Packard Enterprise HPE.N forecast first-quarter revenue below Wall Street estimates on Thursday, as it sees a fall in AI server income due to customers shifting their orders to the second half of the year.
Fri, Dec 5
US senators unveil bill to prevent easing of curbs on Nvidia chip sales to China
A bipartisan group of U.S. senators, including prominent Republican China hawk Tom Cotton, on Thursday unveiled a bill that would block the Trump administration from loosening rules that restrict Beijing's access to artificial intelligence chips from Nvidia NVDA.O and AMD <AMD.O> for 2.5 years.
Fri, Dec 5
FOREX-Dollar hovers near five-week low on Fed rate cut bets
The U.S. dollar languished not far from a five-week low against its major peers on Friday as investors braced for a Federal Reserve rate cut next week.
Fri, Dec 5
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
Investors weigh potential for Fed rate cut Peace talks on Russia-Ukraine stallU.S. crude stocks rise vs expected drawBy Georgina McCartney HOUSTON, Dec 4 (Reuters) - Oil prices settled up on Thursday on investors' expectations for the Federal Reserve to cut interest rates, while stalled U...
Thu, Dec 4
EU hits Meta with antitrust probe over plans to block AI rivals from WhatsApp
EU Commission confirms probe into AI use on WhatsAppMarks latest broadside from EU regulators against Big TechItaly opened a parallel probe earlier this yearBy Foo Yun Chee, Mrinmay Dey and Rishabh Jaiswal BRUSSELS, Dec 4 (Reuters) - EU regulators launched an antitrust investigation into Meta Pla...
Thu, Dec 4
Eli Lilly $1 trln value is bet on Coke-like future
DUBLIN, Dec 4 (Reuters Breakingviews) - Eli Lilly LLY.N is looking more like a tech giant than a drugmaker. Last month, the creator of Mounjaro and Zepbound’s market value soared past $1 trillion. The U.S. group’s obesity treatments and pipeline of drugs only partly explain the he...
Thu, Dec 4
UK's FTSE 100 edges higher as investors assess corporate updates; Burberry rises
Dec 4 (Reuters) - UK's FTSE 100 ticked up on Thursday, with investors assessing corporate updates and economic data suggesting potential weakness, while Burberry gained after an HSBC price target raise on the luxury goods maker.
Thu, Dec 4
EU considering interim measures against Meta, EU antitrust chief says
BRUSSELS, Dec 4 (Reuters) - EU regulators are considering whether to impose interim measures against Meta META.O over its rollout of artificial intelligence features in its messaging service WhatsApp, EU antitrust chief Teresa Ribera said on Thursday.Ribera, who had earlier opened an investigation i
Thu, Dec 4
