News
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COLUMN-Cool it with the credit ratings critiques. We need them more than ever: Fridson
By Marty FridsonNEW YORK, Aug 22 (Reuters) - Lambasting credit rating agencies is a favorite pastime of many debt market participants. However, self-interest appears to drive many of the most common criticisms, and history suggests these much-maligned appraisers actually do a pretty good job. Credit...Reuters
Fri, Aug 22
REFILE-SPECIAL REPORT-China's growing nuclear arsenal
By David LagueHONG KONG, Aug 20 (Reuters) - Alongside a massive build-up in conventional military firepower, China has embarked on a rapid and sustained increase in the size and capability of its nuclear forces, according to the U.S. military and arms control experts.The commander of the U.S. Strate...Reuters
Fri, Aug 22
South Korean foreign minister expected to meet Rubio ahead of Trump summit, Yonhap says
SEOUL, Aug 22 (Reuters) - South Korean Foreign Minister Cho Hyun is expected to meet U.S. Secretary of State Marco Rubio for talks as early as Friday, ahead of a summit between the countries' leaders, the Yonhap News Agency reported. U.S. President Donald Trump and South Korean President Lee Ja...Reuters
Fri, Aug 22
South Korea's Lee to send special delegation to China August 24-27
SEOUL, Aug 22 (Reuters) - South Korea President Lee Jae Myung will send a special delegation to China between August 24-27, Lee's spokesperson said on Friday. The delegation will deliver a message from Lee on continuing to develop the countries' strategic partnership, Kang Yu-jung, the spoke...Reuters
Fri, Aug 22
EXCLUSIVE-China's Xi likely to skip October ASEAN leaders summit, sources say
Chinese Premier Li Qiang set to represent China, two regional sources sayMalaysian PM Anwar had earlier said Xi and Trump would attend leaders' summitTrump has said he will meet Xi by year-end if a trade deal is struckBy Laurie Chen and Rozanna Latiff BEIJING/KUALA LUMPUR, Aug 22 (Reuters) - ...Reuters
Fri, Aug 22
Alvarez & Marsal to triple global capability centre headcount in India, top exec says
By Sai Ishwarbharath B BENGALURU, Aug 22 (Reuters) - Consulting firm Alvarez & Marsal plans to nearly triple its global capability centre staff in India to 2,000 by the end of 2028, a top executive told Reuters, joining a growing league of firms seeking to tap talent in the world's most p...Reuters
Fri, Aug 22
RPT-Baidu-backed chip designer Kunlunxin wins millions of yuan worth of China Mobile orders
BEIJING, Aug 22 (Reuters) - China's Baidu-backed 9888.HK semiconductor design firm Kunlunxin has won chip orders worth millions of yuan from telecoms firm China Mobile AI projects as authorities push for domestic alternatives to Nvidia NVDA.O.Reuters
Fri, Aug 22
China's Xi to host Putin, UN's Guterres at regional summit
BEIJING, Aug 22 (Reuters) - Chinese President Xi Jinping will host Russia's Vladimir Putin, U.N. chief Antonio Guterres and more than 20 heads of government later this month, Beijing said on Friday, for a political and security meet aimed at cementing China's regional influence.Leaders from ...Reuters
Fri, Aug 22
Nvidia CEO to give speech to TSMC executives
Aug 22 (Reuters) - NVIDIA Corp NVDA.O CEO Jensen Huang:TSMC 2330.TW INVITED ME TO GIVE A SPEECH TO THEIR LEADERSI WILL PROBABLY TALK ABOUT HOW THE INDUSTRY HAS CHANGED OVER THE YEARSWE HAVE TAPED OUT SIX BRAND NEW CHIPSI WILL MOSTLY FOCUS ON OUR FUTURE TOGETHERMY STOP AFTER TAIWAN IS THE USI AM GOIN...Reuters
Fri, Aug 22
Baidu-backed chip designer Kunlunxin wins millions of yuan worth of China Mobile orders
BEIJING, Aug 22 (Reuters) - China's Baidu-backed 9888.HK semiconductor design firm Kunlunxin has won chip orders worth millions of yuan from telecoms firm China Mobile AI projects as authorities push for domestic alternatives to Nvidia NVDA.O.Reuters
Fri, Aug 22
Yantai's Unit Gets US FDA's greenlight On Clinical Trial Of Ac-LNC1011 For Prostate Cancer Treatment
Aug 22 (Reuters) - Yantai Dongcheng Biochemicals Co Ltd 002675.SZ:SAYS UNIT RECEIVES "STUDY MAY PROCEED LETTER" FROM U.S. FDA ON CLINICAL TRIAL OF AC-LNC1011 FOR PROSTATE CANCER TREATMENTSource textFurther company coverage: 002675.SZReuters
Fri, Aug 22
Magnitude 7.5 earthquake hits off South American tip, no tsunami risk
Aug 21 (Reuters) - There was no tsunami threat after Thursday's earthquake of magnitude 7.5 in the Drake Passage between South America and Antarctica, the Pacific Tsunami Warning Center said, following its brief warning for Chilean coastal areas.The United States Geological Survey (USGS) revised...Reuters
Fri, Aug 22
Judge orders halt to new construction at 'Alligator Alcatraz' detention center
Environmental groups had filed legal challenge saying detention center's construction violated lawTrump previously visited the site of the detention centerFacility's construction had drawn protestsFlorida immediately appealed Thursday's decisionBy Kanishka Singh WASHINGTON, Aug 21 (Re...Reuters
Fri, Aug 22
Troop costs, China in focus when South Korea's Lee meets Trump
Lee and Trump to hold first summit on Monday in WashingtonTrump to ask Seoul to pay more for security, official saysBoth leaders share desire to engage frosty North KoreaU.S. wants Seoul to play role countering ChinaBy David Brunnstrom, Idrees Ali and Ju-min Park WASHINGTON/SEOUL, Aug 22 (Reuters...Reuters
Fri, Aug 22
Erik Menendez denied parole after 35 years in prison for parents' murder
Erik Menendez denied parole after 10-hour hearingParole board cites prison behavior, not crime severityFamily members support release, citing rehabilitationBy Lisa RichwineLOS ANGELES, Aug 21 (Reuters) - Erik Menendez, who along with his brother Lyle has served 35 years of a life prison term for fat...Reuters
Fri, Aug 22
REFILE-EXCLUSIVE-Putin's demand to Ukraine: give up Donbas, no NATO and no Western troops, sources say
Putin demands Ukraine cede Donbas region, Russian sources sayRussia could freeze front lines in Zaporizhzhia and KhersonRussia won't countenance Western peacekeeping troops in Ukraine Source close to Kremlin: if Kyiv refuses deal, war will go on By Guy Faulconbridge MOSCOW, Aug 21 (Reuters) -...Reuters
Fri, Aug 22
Russia's Putin, UN SecGen among Shanghai Cooperation Summit attendees, China says
BEIJING, Aug 22 (Reuters) - Russian President Vladimir Putin and United Nations General Secretary Antonio Guterres will be among the 30 heads of government or international organisations attending the 2025 Shanghai Cooperation Summit, China announced on Friday.The meeting, scheduled to take place in...Reuters
Fri, Aug 22
