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Beijing boosts AI startup Manus, as China looks for the next DeepSeek
BEIJING, March 21 (Reuters) - Chinese artificial intelligence startup Manus on Thursday registered its China-facing AI assistant and was featured for the first time in a state media broadcast, highlighting Beijing's strategy of boosting domestic AI firms that have received overseas recognition.S...
Fri, Mar 21
European shares drop, travel & leisure weighs
Major European equity markets are lower on Friday in what looks to be a downbeat end to the week as worries about global growth continued to curb appetite for risk.
Fri, Mar 21
EUROPE GAS-Prices rise after reports of strike on Sudzha gas metering station
LONDON, March 21 (Reuters) - Dutch and British wholesale gas prices rose on Friday morning after reports of a strike on the Sudzha gas metering station which used to be the entry point for Russian gas to be transported by pipeline to Europe via Ukraine.
Fri, Mar 21
Turkish sovereign dollar bonds slide for third day
LONDON, March 21 (Reuters) - Turkey's sovereign dollar bonds slid for a third straight day on Friday, as turmoil continued around the detention of a political rival to President Tayyip Erdogan.
Fri, Mar 21
Japan's Topix ends at 8-month high as inflation data lifts banks
TOKYO, March 21 (Reuters) - Japan's Topix .TOPX index ended at an eight-month high on Friday as banks gained after stronger-than-expected inflation data, even as it pared most of its gains by the close, dragged down by worries over the impact of U.S. tariffs.
Fri, Mar 21
PRECIOUS-Gold set for third weekly gain on global uncertainties, rate cut hopes
Gold hit record high of $3,057.21 per ounce on ThursdaySpot gold up about 1.5% for the week so farSilver, platinum, palladium poised for weekly declinesBy Anjana Anil March 21 (Reuters) - Gold prices were on track for a third straight weekly gain on Friday, aided by the U.S. Federal Reserve's...
Fri, Mar 21
Tesla trade-ins on pace for record high amid Musk backlash
SAN FRANCISCO, March 20 (Reuters) - Motorists have traded in a record number of Tesla TSLA.O electric vehicles this month, Edmunds data showed, amid a wave of protests against CEO Elon Musk's work as an adviser to U.S. President Donald Trump.
Fri, Mar 21
Bank of England raises prospect of pause in rate cuts as uncertainty mounts
LONDON, March 20 (Reuters) - The Bank of England kept interest rates on hold and warned investors against assuming they would be cut quickly as it grappled with deep uncertainty hanging over the British and world economies.
Fri, Mar 21
Trump trade upheaval leaves foreign central banks guessing
WASHINGTON/LONDON, March 20 (Reuters) - Slowing economic growth mixed with a bout of renewed inflation risks moving the U.S. from global overachiever to a drag on the rest of the world as foreign central banks and others confront the spillovers from President Donald Trump's fast-moving effort to rew
Fri, Mar 21
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[Reuters Analysis] China's criticism of Hutchison ports deal raises stakes for TikTok US sale
March 21 (Reuters) - Beijing's criticism of Hong Kong conglomerate CK Hutchison's move to sell its ports business is a precursor to heightened political scrutiny of major Chinese business divestments involving American buyers, analysts say.
Fri, Mar 21
[Reuters Analysis] Hedge fund dominance latest risk for febrile UK debt markets
LONDON, March 21 (Reuters) - Hedge funds have crowded into debt-fuelled bets on UK government bonds, increasing the potential for instability in the gilts market, a benchmark for borrowing costs in Britain including mortgages, investors and hedge fund sources say.
Fri, Mar 21
U.S. dollar stands tall after Fed signals no rush to cut rates
TOKYO, March 21 (Reuters) - The U.S. dollar climbed against major peers on Friday following its best single-day performance for three weeks with the Federal Reserve indicating no rush to cut interest rates.
Fri, Mar 21
JGB yields edge up as strong inflation data raises BOJ's rate hike bets
TOKYO, March 21 (Reuters) - Japanese government bond (JGB) yields edged up on Friday, as stronger-than-expected domestic inflation data raised bets for the Bank of Japan's interest rate hikes.The 10-year JGB yield JP10YTN=JBTC rose 0.5 basis point (bp) to 1.520% and the five-year yield JP5YTN...
Fri, Mar 21
[Reuters Analysis] Suspension of US intelligence to Ukraine reshapes global defence: Peter Apps
LONDON, March 21 (Reuters) - As Donald Trump and Kamala Harris faced off in the 2024 U.S. presidential race, Estonian and Taiwanese troops were training together at Fort Sill in Oklahoma to use U.S.-made HIMARS long-range rocket systems their governments had purchased.Those military...
Fri, Mar 21
FedEx cuts full-year results forecast on 'uncertainty' in economy, bad weather
March 20 (Reuters) - FedEx Corp FDX.N lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners.
Fri, Mar 21
Elon Musk issued summons in SEC case over Twitter stake disclosure
March 20 (Reuters) - Elon Musk, the world's richest man and a top adviser to U.S. President Donald Trump, was issued a summons in connection with the Securities and Exchange Commission's lawsuit against him, a court filing on Thursday showed.A process server gave the civil summons and other ...
Fri, Mar 21
PRECIOUS-Gold unchanged near record high as global uncertainties raise demand
March 21 (Reuters) - Gold held steady on Friday to trade below its record high hit in the previous session, supported by safe-haven demand arising from geopolitical and economic uncertainty, while the Federal Reserve's hint at rate cuts this year also fostered appeal.FUNDAMENTALS* Spot gold XAU=...
Fri, Mar 21
Japan's core inflation hits 3% in February, keeps alive BOJ rate-hike bets
TOKYO, March 21 (Reuters) - Japan's core inflation hit 3.0% in February and an index stripping away the effect of fuel rose at the fastest pace in nearly a year, a sign of broadening price pressure that reinforces market expectations of further interest rate hikes.
Fri, Mar 21
Nike forecasts fourth-quarter revenue below estimates, shares drop
March 20 (Reuters) - Nike NKE.N on Thursday forecast a steeper drop in fourth-quarter revenue than analysts had expected, striking a cautious tone as it works to rekindle interest among consumers who have defected to trendier rivals.
Fri, Mar 21
Oil prices settle $1 higher after US issues new Iran-related sanctions
Brent, US crude futures rise more than $1 a barrelUS issues new Iran-related sanctions OPEC+ issues new schedule to seven members to cut oil outputUS dollar strength puts lid on oil gains By Georgina McCartney HOUSTON, March 20 (Reuters) - Oil prices rose on Thursday after the United States issue...
Thu, Mar 20
