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Sterling snaps five-day rally versus the dollar, caution on UK budget
Nov 27 (Reuters) - Sterling snapped a five-day rally on Thursday as investor focus shifted back to economic fundamentals, with analysts questioning whether the fiscal tightening announced in the budget on Wednesday will actually be implemented.The greenback edged up against its...
Thu, Nov 27
Taiwan raids former TSMC exec's home in trade secrets probe
By Wen-Yee Lee and Ben Blanchard TAIPEI, Nov 27 (Reuters) - Taiwan prosecutors said on Thursday investigators had raided the homes of a former senior TSMC executive and seized computers after the company accused him of leaking trade secrets, something his current employer Intel INTC.O has denied....
Thu, Nov 27
Nikkei ends more than 1% higher as tech stocks gain on Wall Street rally
TOKYO, Nov 27 (Reuters) - Japan's Nikkei share average rose more than 1% on Thursday in its third straight session of gains, as technology heavyweights tracked their Wall Street peers higher.The Nikkei .N225 climbed 1.23% to 50,167.1, closing above the key 50,000 level for the...
Thu, Nov 27
Pentagon seeks to add Alibaba, Baidu, BYD to China military list, Bloomberg News reports
Nov 26 (Reuters) - The Pentagon has concluded that Alibaba Group Holding 9988.HK, Baidu Inc 9888.HK and BYD Co 1211.HK should be added to a list of companies that aid the Chinese military, Bloomberg News reported on Wednesday.Deputy Defense Secretary Stephen Feinberg informed lawmakers of the conclu
Thu, Nov 27
Nvidia rebuts critics in memo to analysts amid pushback campaign
SAN FRANCISCO, Nov 26 (Reuters) - Nvidia NVDA.O, the world's most valuable company, has gone on the defensive against skeptics of its $4.5 trillion valuation, down from a historic $5 trillion, by waging an information campaign on Wall Street and social media.
Thu, Nov 27
China's tech giants move AI model training overseas to tap Nvidia chips, FT reports
Nov 27 (Reuters) - Top Chinese firms are training their artificial intelligence models abroad to access Nvidia's NVDA.O chips and avoid U.S. measures aimed at curbing their progress in advanced technology, Financial Times reported on Thursday.Alibaba 9988.HK and ByteDance are among the tech grou...
Thu, Nov 27
JP Morgan shifts outlook on Fed rate cut to December
Nov 26 (Reuters) - J.P. Morgan said it now expects the U.S. Federal Reserve to deliver a quarter-point interest rate cut in December, changing its previous view that policy makers would hold rates steady until January next year."While the next FOMC meeting remains a close call, we now believe th...
Thu, Nov 27
South Korea signals end to rate cuts as FX, price risks grow
SEOUL, Nov 27 (Reuters) - South Korea's central bank kept interest rates unchanged for a fourth straight meeting on Thursday as a tumbling won reduced scope for further easing, signalling the bank could be nearing the end of its current rate cut cycle.
Thu, Nov 27
HP shares under pressure after guidance miss and cost-cutting plans
Shares of PC maker HP HPQ.N down 4.8% at $23.14 in premarket trading
Wed, Nov 26
China ride-hailing giant Didi posts 8.6% revenue rise in third quarter
BEIJING, Nov 26 (Reuters) - China's Didi Global reported an 8.6% rise in third-quarter revenue as its international business accelerated and its domestic market remained stable.Revenue at China's largest ride-hailing platform reached 58.6 billion yuan ($8.28 billion)...
Wed, Nov 26
Gold near two-week peak as tepid US data fuels Fed cut bets
Nov 26 (Reuters) - Gold prices rose to a near two-week high on Wednesday, after benign U.S. economic data reinforced expectations of a Federal Reserve interest rate cut next month, supporting non-yielding bullion.
Wed, Nov 26
Britain's pound, bonds rally after OBR forecasts
LONDON, Nov 26 (Reuters) - Sterling jumped to session highs, while UK government bond prices rose sharply on Wednesday, after the independent Office for Budget Responsibility released its forecasts early, offering a more upbeat view of Britain's economy and finances.Sterling GBP= rose to a sessi...
Wed, Nov 26
Dell climbs after strong rev, profit forecasts amid rising AI server demand
Dell Technologies' DELL.N shares rise 5% to $132.14 premarket
Wed, Nov 26
Don’t expect Ukraine peace deal to alter Europe’s gas gameplan: Bousso
LONDON, Nov 26 (Reuters) - Europe’s gas market is far calmer today after years of turmoil that saw the region swap Russian supplies for liquefied natural gas (LNG) imports, a strategy that is unlikely to change even if U.S. President Donald Trump brokers a peace deal in Ukraine.The ...
Wed, Nov 26
Wall Street futures edge higher on December rate-cut expectations, data awaited
Nov 26 (Reuters) - U.S. stock index futures edged higher on Wednesday, as investors priced in a potential interest rate cut by the Federal Reserve in December and awaited economic data for greater clarity over the health of the world's largest economy.
Wed, Nov 26
UK shares edge higher as miners and banks gain ahead of budget
Nov 26 (Reuters) - UK stocks advanced on Wednesday, led by gains in financials and mining stocks, while investors braced for a potentially tax-heavy budget.
Wed, Nov 26
Silver miners gain on Fed rate cut hopes
U.S.-listed shares of silver miners rise premarket, tracking prices of white metal
Wed, Nov 26
Japan's Nikkei rises 2% after Wall Street's gains, tech leads charge
TOKYO, Nov 26 (Reuters) - Japan's Nikkei share average rose 2% on Wednesday, with tech stocks leading the charge in a broad-based rally after Wall Street closed higher overnight on increasing prospects of an interest rate cut in December.The Nikkei .N225 was up 2.1% at 49,672....
Wed, Nov 26
Trump says no firm deadline for Ukraine, Russia to reach peace deal
ABOARD AIR FORCE ONE, Nov 25 (Reuters) - U.S. President Donald Trump on Tuesday backed away from a Thursday deadline for Ukraine to agree to a U.S.-backed peace plan and shrugged off a report that U.S. negotiator Steve Witkoff coached the Russians on how to approach him on the topic.
Wed, Nov 26
China, Hong Kong stocks gain on Wall Street rally, Alibaba's big AI ambition
SHANGHAI, Nov 26 (Reuters) - China and Hong Kong stocks rose on Wednesday, buoyed by overnight strength on Wall Street and Alibaba's 9988.HK plan to keep investing "aggressively" in artificial intelligence.
Wed, Nov 26
