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CORRECTED-Apple in talks with Indian chip makers for assembly, packaging of iPhone parts, ET reports
Dec 17 (Reuters) - Apple AAPL.O is in preliminary talks with some Indian chip manufacturers for the assembly and packaging of iPhone component, local newspaper Economic Times reported on Wednesday, citing people with knowledge of the matter.Reuters could not immediately verify the report.
Wed, Dec 17
CME cattle futures rise on technical trading, higher wholesale beef prices
Chicago Mercantile Exchange cattle futures turned higher on Tuesday, supported by technical trading, strength in the cash market, and rising wholesale beef prices, market analysts said.
Wed, Dec 17
Waymo in talks to raise billions at over $100 billion valuation
Alphabet GOOGL.O unit Waymo is in talks with potential investors to raise money at a valuation of at least $100 billion, the Information reported on Tuesday, as competition intensifies in the nascent robotaxi market.
Wed, Dec 17
Blackstone leads investment in data-security firm Cyera at a $9 billion valuation
Dec 16 (Reuters) - Blackstone BX.N is leading a $400 million investment in data-security firm Cyera that values the New York-based company at $9 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report.
Wed, Dec 17
Oil settles near five-year low amid ample supply, Russia-Ukraine progress
Russia-Ukraine peace talks raise hopes for easing sanctionsSurge in Chinese buying from Venezuela, glut in floating storage limit market impact of US tanker seizureBy Liz Hampton and Seher Dareen DENVER, Dec 16 (Reuters) - Oil futures settled at their lowest level since February 2021 on Tuesday a...
Tue, Dec 16
Trump sues the BBC for $10 billion over speech edit
BBC admits error of judgment but denies legal basis for lawsuitTrump seeks $5 billion on each of two counts BBC faces crisis, resignations over documentary editBy Jack Queen and David Thomas Dec 15 (Reuters) - President Donald Trump sued the BBC for at least $10 billion in damages over edited cli...
Tue, Dec 16
CORRECTED-PRECIOUS-Gold edges higher as dollar eases ahead of year-end US jobs data
US dollar at near two-month lowsFed Governor Stephen Miran says inflation closer to 2% targetUS Nov non-farm payrolls, unemployment rate data due at 1330 GMT By Ishaan Arora Dec 16 (Reuters) - Gold prices edged higher on Tuesday, supported by a softer dollar, as investors awaited the release of k...
Tue, Dec 16
Japan's Nikkei falls 1% as AI stocks slip ahead of US jobs data
By Kevin Buckland TOKYO, Dec 16 (Reuters) - Japan's Nikkei share average dropped more than 1% on Tuesday, weighed down by declines in chip and other artificial intelligence-linked stocks ahead of crucial U.S. employment data later in the day.The Nikkei .N225 was down 1.3% at 49,510.60, as of ...
Tue, Dec 16
Japan bonds drift ahead of US jobs data, BOJ policy meeting
By Kevin Buckland TOKYO, Dec 16 (Reuters) - Japanese government bonds (JGBs) barely budged on Tuesday as traders mainly remained on the sidelines ahead of crucial U.S. jobs figures later in the day, and a Bank of Japan policy decision this week.The yield on 10-year JGBs JP10YTN=JBTC was flat at 1
Tue, Dec 16
Delayed US employment reports expected to show softening labor market
Nonfarm payrolls are forecast increasing 50,000 in NovemberEmployment is expected to have declined in October due to federal government job lossesUnemployment rate is estimated to come in at 4.4% in NovemberThere will be no jobless rate for October because the government shutdown prevented the colle
Tue, Dec 16
Intel appoints Trump economic adviser as head of government affairs
Intel INTC.O on Monday appointed an economic adviser to U.S. President Trump as its head of government affairs, months after the U.S. government took a 10% stake in the U.S. chipmaker.
Tue, Dec 16
Payments firm PayPal files for bank charter in lending push
Payments firm PayPal PYPL.O said on Monday it has applied to establish a bank in the United States, as companies rush to capitalize on a friendly regulatory environment under the Trump administration.
Tue, Dec 16
US Cash Crude-Grades ease amid weak export demand
U.S. cash crude grades eased to their lowest levels since October on Monday as oversupply concerns pushed down export demand.
Tue, Dec 16
CME livestock contracts dip amid broader agricultural sell-off
Chicago Mercantile Exchange (CME) livestock contracts dipped on Monday, as investors shrugged off strength in wholesale beef prices and the cash cattle markets amid a broad sell-off in agricultural futures, traders said.
Tue, Dec 16
FOREX-Dollar on defensive as traders eye delayed US jobs data
The U.S. dollar sagged to near a two-month low at the start of the Asian trading session on Tuesday as markets awaited the release of a slew of economic data, including the delayed November U.S. jobs report.
Tue, Dec 16
US dangles security guarantees for Ukraine but no deal on 'painful' territorial concessions
Trump says 'closer now than we've ever been' to a deal to end Russia's warZelenskiy, US envoys, European leaders meeting in BerlinUkraine willing to drop NATO membership bid for security guaranteesUS says Ukraine could get guarantees similar to NATO's Article 5But significant dif...
Tue, Dec 16
US demands EU exempt its gas from methane emissions law, document shows
US seeks exemption from EU methane emissions law until 2035EU has been increasing US LNG imports to replace Russian supplyEU has refused to weaken world-first climate change policyBy Kate Abnett BRUSSELS, Dec 15 (Reuters) - The U.S. has demanded that the European Union exempt its oil and gas from...
Mon, Dec 15
Meta tolerates rampant ad fraud from China to safeguard billions in revenue
Team combatting fraud at Meta's Chinese ad partners dispanded after Zuckerberg inputMeta to probe foreign agencies using Chinese partners for ad fraud after Reuters report Meta's partner protections enable harmful ads to remain active longerBy Jeff Horwitz and Engen Tham SAN FRANCISCO, De...
Mon, Dec 15
Pot stocks climb as Trump seen easing marijuana restrictions
U.S.-listed shares of cannabis companies rose premarket following reports last week that the United States could soon ease restriction on marijuanaCanopy Growth WEED.TO up 9.2%, Tilray Brands TLRY.TO up 6.7% premarket ETF AdvisorShares Pure US Cannabis MSOS.P up 4.8% Trump is expected to issue an ex
Mon, Dec 15
Warren Buffett's successor Greg Abel had steady rise at Berkshire
Abel more hands-on than Buffett, respects Berkshire cultureBuffett called Abel a great manager, wished long tenureAbel owns large Berkshire stake, some investors want moreBy Jonathan Stempel Dec 15 (Reuters) - The elevation of Greg Abel to replace Warren Buffett at the helm of Berkshire Hathaway
Mon, Dec 15
