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Warner Bros Discovery jumps on Netflix takeover talks; Netflix dips
Warner Bros Discovery shares rise 4.3% premarket after reports Netflix in exclusive talks to buy co's assetsNFLX in exclusive talks to buy WBD's film and TV studios and streaming assets for $28/share, mostly in cashNetflix, which emerged as the top bidder, made a mostly cash offer, Reuters h...
Reuters
Fri, Dec 5
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-...Reuters
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...Reuters
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 bracReuters
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...
Reuters
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....Reuters
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...Reuters
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.Reuters
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 coReuters
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 3,878Reuters
Fri, Dec 5
Japanese Yen holds steady as BoJ rate hike bets offset weak data; USD/JPY seems vulnerable
The Japanese Yen (JPY) holds steady during the Asian session on Friday and reacts little to the unimpressive data, which showed that Japan's Household Spending unexpectedly fell at the fastest pace in nearly two years in October.
Fxstreet
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.Reuters
Fri, Dec 5
USD/JPY drifts lower to near 155.05 on Fed rate cut expectations, US PCE inflation data in focus
The USD/JPY pair remains weak near 155.05 during the early Asian session on Friday. Rising bets for a rate cut by the US Federal Reserve (Fed) next week and weaker US economic data weigh on the US Dollar (USD) against the Japanese Yen (JPY).Fxstreet
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 AMDReuters
Fri, Dec 5
