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BHP strikes $2 billion funding deal with GIP for iron ore power network
By Melanie Burton MELBOURNE, Dec 9 (Reuters) - BHP Group BHP.AX said on Tuesday that BlackRock BLK.N-owned Global Infrastructure Partners (GIP) would invest $2 billion in Western Australia Iron Ore's (WAIO) inland power network for a minority stake.The two firms will form an entity in which B...
Tue, Dec 9
Lower U.S. tariffs on Switzerland to take retroactive effect from November 14
ZURICH, Dec 9 (Reuters) - The regulation on import duties for goods from the United States will come into force retroactively on November 14, 2025, the Swiss government said on Tuesday.
Tue, Dec 9
Ford to use Renault tech, plants to battle cheap Chinese EVs in Europe
Smaller European EVs fill a gap in Ford's lineupPartnership formed after Renault team visited Ford in DetroitFord's share of European passenger car markets has shrunkBy Nick Carey and Gilles Guillaume PARIS, Dec 9 (Reuters) - Renault RENA.PA will jointly develop small, cheaper electric ve...
Tue, Dec 9
Putin does not want to restore the U.S.S.R. or attack NATO, the Kremlin says
MOSCOW, Dec 9 (Reuters) - The Kremlin said on Tuesday that European claims that Russian President Vladimir Putin wanted to restore the Soviet Union were wrong and that claims Putin plans to invade a NATO member were complete stupidity.Putin, who was born in the Soviet Union, in 2005...
Tue, Dec 9
Google faces EU antitrust investigation over AI Overviews, YouTube
BRUSSELS, Dec 9 (Reuters) - Alphabet's GOOGL.O Google faces an EU antitrust investigation into its use of publishers' online content and YouTube videos to train its artificial intelligence models.
Tue, Dec 9
China to limit access to Nvidia's H200 chips despite Trump export approval, FT reports
Dec 9 (Reuters) - Beijing is set to limit access to Nvidia's advanced H200 chips despite U.S. President Donald Trump's decision to allow the export of the technology to China, the Financial Times reported on Tuesday, citing two people with knowledge of the matter.Regulators in Beijing have b...
Tue, Dec 9
China Set To Limit Access To Nvidia's H200 Chips Despite Trump Export Approval - FT
Dec 9 (Reuters) - CHINA SET TO LIMIT ACCESS TO NVIDIA’S H200 CHIPS DESPITE TRUMP EXPORT APPROVAL - FTREGULATORS IN BEIJING HAVE BEEN DISCUSSING WAYS TO PERMIT LIMITED ACCESS TO THE H200 - FTSource text: https://tinyurl.com/e9s6fen5
Tue, Dec 9
US bond investors bet on mild easing cycle, stick to middle of curve
Wall Street banks price in fewer Fed rate cuts in 2026Holding intermediate US debt presents lower carry costsInvestors reduce long duration positioning, JP Morgan saysFocus is on Fed 'dot plot'; analysts see few changes to forecastsBy Gertrude Chavez-Dreyfuss NEW YORK, Dec 8 (Reuters) - B...
Tue, Dec 9
Warner Bros' lack of response fueled Paramount's hostile bid, filing says
Paramount filing lays out CEO's outreach to Warner Bros CEOEllison says Zaslav did not respond to texts even after improved offerParamount then took its bid to Warner Bros shareholdersBy Aditya Soni and Harshita Mary Varghese Dec 8 (Reuters) - Paramount Skydance's PSKY.O 11th-hour, hostil...
Tue, Dec 9
US to allow Nvidia H200 chip shipments to China, Trump says
Nvidia shares rise 2% in after-hours trading after Trump's announcementUS has concerns over AI chips aiding China's militaryTrump says same approach will apply to AMD, Intel By Stephen Nellis, Karen Freifeld and Michael Martina WASHINGTON, Dec 8 (Reuters) - The United States will allow Nv...
Tue, Dec 9
Australia's central bank flags rate hike risk as it ends brief easing cycle
RBA leaves cash rate at 3.60%, says inflation risks tilt upwardDomestic demand stronger than expected, adding to capacity pressuresBullock rules out cuts, future decision between long hold or hikeBy Stella Qiu and Wayne ColeSYDNEY, Dec 9 (Reuters) - Australia's central bank on Tuesday ruled out ...
Tue, Dec 9
US Justice Department accuses two Chinese men of trying to smuggle Nvidia chips
Prosecutors say Nvidia chips were obtained through straw purchasers and intermediariesProsecutor says "sophisticated smuggling network" threatened US security Scheme is said to have operated since at least November 2023By Jasper Ward WASHINGTON, Dec 8 (Reuters) - Two Chinese men are in cu...
Tue, Dec 9
Japan's long-term bond yields hit record high on fiscal concerns, BOJ hike bets
TOKYO, Dec 9 (Reuters) - Yields on 20-year Japanese government bonds rose to a record high on Tuesday with investors remaining concerned about the new government's fiscal policy, while also girding for higher Bank of Japan policy rates. The five-year JGB y...
Tue, Dec 9
Aware Super CIO warns of 'orange' lights in AI financing as valuations soar
The chief investment officer of Australian pension fund Aware Super says there are flashing "orange" lights in some funding arrangements in the global artificial intelligence industry but earnings growth is backing up the sector's current valuations.
Tue, Dec 9
Japan's Nikkei tracks Wall Street lower but chip-stock gains limit losses
Japan's Nikkei share average edged lower on Tuesday, tracking overnight declines on Wall Street, but gains in chip-sector stocks limited losses.
Tue, Dec 9
Soybeans dip below $11 on doubts about demand for US exports
U.S. soybean futures fell below $11 a bushel on Monday for the first time since October on uncertainty over whether China will buy as much U.S. supply as Washington expects and as South American crop weather favored large soy harvests that could begin in Brazil in about a month, analysts said.
Tue, Dec 9
Warner Bros fight heats up with $108 billion hostile bid from Paramount
Paramount Skydance PSKY.O on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery WBD.O, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.
Tue, Dec 9
Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue
Iraq restores production at West Qurna 2 oilfieldProgress on Ukraine peace talks remains slow84% chance of a quarter-point Fed cut, LSEG data showsG7, EU mull Russian oil maritime services ban, sources sayBy Georgina McCartney HOUSTON, Dec 8 (Reuters) - Oil prices slipped 2% on Monday after Iraq ...
Mon, Dec 8
Meta pledge to use less personal data for ads gets EU nod, avoids daily fines
By Foo Yun Chee and Louise Rasmussen BRUSSELS, Dec 8 (Reuters) - Meta's META.O proposal to use less personal data for targeted advertising in its pay-or-consent model that will be rolled out next month won the approval of EU antitrust regulators on Monday, signaling the company will not face...
Mon, Dec 8
German foreign minister in China urges end to supply chain uncertainty
Minister had postponed trip from October due to tensionsBerlin toughens stance on Beijing in line with EUVisit to pave way for chancellor next yearBy Alexander Ratz BEIJING, Dec 8 (Reuters) - German Foreign Minister Johann Wadephul appealed on Monday for an end to the uncertainty that has hit...
Mon, Dec 8
