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Beyond Food Delivery War, Alibaba’s Amap Takes Aim at Meituan’s Core Local Services
TradingKey - Not content with its “victory” in the food delivery war, Chinese e-commerce giant Alibaba (BABA.US, 9988.HK) has turned its attention to the local services market, with its Amap launching a major new product — the “Street Stars” — directly challenging Meituan’s Dianping. The initial
TradingKey
Wed, Sep 10
Exxon expects EU to sign long-term US gas deals, FT reports
Sept 10 (Reuters) - ExxonMobil XOM.N expects the European Union to sign multi-decade U.S. gas contracts under its pledge to buy billions of dollars of American energy, the Financial Times reported on Wednesday.The EU in July pledged to buy $750 billion of U.S. energy by 2028 as part of a sweeping tr...Reuters
Wed, Sep 10
TSMC August Revenue Jumps 34% on AI Chip Boom, Driving Global Semiconductor Frenzy
TradingKey - On Wednesday, global semiconductor foundry leader TSMC disclosed its August performance report, showing total revenue reached NT$335.77 billion, a substantial year-over-year (YoY) increase of 33.8% and a month-over-month (MoM) rise of 3.9%, continuing its strong growth momentum...
TradingKey
Wed, Sep 10
Annual Nonfarm Payrolls Revised Down by 911,000 — White House Pushes for Rate Cuts, Was the U.S. Already in Recession?
TradingKey - On Tuesday (local time), the U.S. Bureau of Labor Statistics released its annual benchmark revision to employment data, revealing that the U.S. added 911,000 fewer jobs over the 12 months through March 2025 than previously reported — the largest downward revision in history.TradingKey
Wed, Sep 10
Asia stocks gain, bonds fall as traders consider odds of bigger Fed cut
Market sees 8.4% odds of half-point Fed cut on September 17Asian traders take cues from Wall Street's rise to new recordUS PPI, CPI figures this week to give final clues on Fed moveBy Kevin Buckland TOKYO, Sept 10 (Reuters) - Asian stocks tracked Wall Street higher on Wednesday and safe-haven...Reuters
Wed, Sep 10
EUR/JPY hovers around 172.50 as US-Japan tariff deal improves market sentiment
EUR/JPY holds ground after registering almost 1% losses in the previous two sessions, trading around 172.60 during the Asian hours on Wednesday. The currency cross moves little as the Japanese Yen (JPY) maintains its position after the Reuters Tankan index for manufacturers climbed to 13 in Septembe
Fxstreet
Wed, Sep 10
Google scraps some cloud data transfer fees in EU and UK
LONDON, Sept 10 (Reuters) - Google GOOGL.O said on Wednesday it had scrapped data transfer fees for organisations processing workloads "in parallel" across two or more cloud platforms in the European Union and Britain ahead of the EU Data Act coming into effect on Friday.Regulators in the EU...Reuters
Wed, Sep 10
Lithium miners slide worldwide as CATL seen resuming China mine
Sept 10 (Reuters) - Shares of global lithium producers fell on Wednesday after Chinese state media reported that battery major Contemporary Amperex Technology's (CATL) 300750.SZ shuttered Yichun mine is likely to resume production sooner than previously indicated.Reuters
Wed, Sep 10
Shares Surge 27% After Hours — Oracle Lands Major OpenAI Deal, Re-Enters Top Tier of AI Cloud
TradingKey - On Tuesday (U.S. Eastern Time), Oracle (ORCL) saw its stock soar over 27% in after-hours trading after announcing a major cloud computing contract with OpenAI, sending its Remaining Performance Obligations (RPO) — revenue from signed contracts not yet delivered — to $455 billion.
TradingKey
Wed, Sep 10
US payrolls benchmark revision estimate suggests labor market weaker than previously thought
Revision estimate comes days after weak August nonfarm payrollsJob growth was stalling before Trump's tariffs, estimate showsBLS revision estimate linked to birth-death model problemsBy Lucia Mutikani WASHINGTON, Sept 9 (Reuters) - The U.S. economy likely created 911,000 fewer jobs in the 12 ...Reuters
Wed, Sep 10
US Supreme Court to decide legality of Trump's tariffs
Trade court said Trump exceeded powers with tariffs Administration called decision judicial overreach Trump cited longstanding trade deficit as an emergencyBy Andrew Chung Sept 9 (Reuters) - The U.S. Supreme Court agreed on Tuesday to decide the legality of Donald Trump's sweeping global tari...Reuters
Wed, Sep 10
Nvidia Unveils Rubin CPX: A New Class of GPU Designed for Massive-Context Inference
Nvidia today announced NVIDIA Rubin CPX, a new class of GPU purpose-built for massive-context processing. This enables AI systems to handle million-token software coding and generative video with groundbreaking speed and efficiency.Rubin CPX works hand in hand with NVIDIA Vera CPUs and Rubin GPUs in
Tiger News
Wed, Sep 10
Gold scales record peak on Fed rate-cut bets, US inflation data in focus
Gold hits record high at $3,673.95/ozTraders see a 92% chance of a 25-bp rate cut in Sept, shows CMEFedWatchUS PPI data due on WednesdayBy Anushree Mukherjee and Sarah Qureshi Sept 9 (Reuters) - Gold continued its record rally on Tuesday, buoyed by expectations of an imminent September U.S. inter
Reuters
Wed, Sep 10
Israel attacks Hamas leaders in Qatar, Trump says he's 'very unhappy' about strike
Adds Trump commentsQatar calls Israel treacherousHamas leader's son killed in Israeli attackUS feels badly about location of attack, Trump saysTrump spoke to Israeli leader afterwardsIsraeli operation could undermine Gaza ceasefire effortsBy Andrew Mills, Jana Choukeir, Ahmed Elimam and Jeff Mas...Reuters
Wed, Sep 10
Klarna raises $1.37 billion in US IPO, boosting fintech hopefuls
By Ateev Bhandari and Harshita Meenaktshi Sept 9 (Reuters) - Buy-now, pay-later lender Klarna said on Tuesday it has raised $1.37 billion in its U.S. initial public offering, setting the stage for a market debut that could set the trend for high-growth fintech listings.The Sequoia Capital-backedReuters
Wed, Sep 10
Apple holds down new iPhone prices amid threats of Trump tariffs
Apple launches iPhone 17 with new A19 chip for better AI featuresIntroduces AirPods Pro 3 with live translation featureLaunches blood pressure monitor in its latest Apple WatchBy Stephen Nellis and Aditya Soni CUPERTINO, California, Sept 9 (Reuters) - Apple AAPL.O on Tuesday introduced an upgrade
Reuters
Wed, Sep 10
Nebius Group hits record high as $17.4 billion Microsoft deal affirms expansion strategy
By Kritika LambaSept 9 (Reuters) - Nebius Group's NBIS.O shares jumped nearly 44% to $91.75 on Tuesday, touching a record high as investors cheered its $17.4-billion deal supplying AI infrastructure to Microsoft MSFT.O over a five-year period.The agreement, which could expand to $19.4 billion if...Reuters
Tue, Sep 9
