News
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Thailand's trade proposal to the U.S. includes zero tariffs on some imports, says finance minister
BANGKOK, July 7 (Reuters) - Thailand's most recently trade proposal to the United States including zero tariffs for imports of many U.S. products, Finance Minister Pichai Chunhavajira said on MondayPichai said he was confident that the United States would be satisfied with the new proposal, whic...Reuters
Mon, Jul 7
Facing battlefield setbacks, Ukraine withdraws from mine ban treaty
Kyiv is quitting treaty banning anti-personnel landminesDecision has been criticised by rights campaignersRussia is not a signatory to the Ottawa ConventionUkraine is looking for ways to halt Russian advances By Max Hunder and Ivan Lyubysh-Kirdey KYIV, July 7 (Reuters) - Oleksiy, a 26-year-old Uk...Reuters
Mon, Jul 7
Huawei's AI lab denies that one of its Pangu models copied Alibaba's Qwen
BEIJING/SHANGHAI, July 7 (Reuters) - Huawei's artificial intelligence research division has rejected claims that a version of its Pangu Pro large language model has copied elements from an Alibaba 9988.HK model, saying that it was independently developed and trained. The division, called Noah Ar...Reuters
Mon, Jul 7
Japan's yield curve steepens on concerns about fiscal health
By Junko Fujita TOKYO, July 7 (Reuters) - Japan's yield curve steepened on Monday amid a sell-off of super-long maturity bonds as concerns about the nation's fiscal health resurfaced ahead of upper house elections this month. The 20-year JGB yield JP20YTN=JBTC rose 4.5 basis points to 2.4...Reuters
Mon, Jul 7
Airtel's Mittal, Warburg Pincus bid $720 mln for 49% of Haier India, Business Standard says
July 7 (Reuters) - Sunil Mittal, founder of Bharti Airtel BRTI.NS, and private equity firm Warburg Pincus have jointly bid $720 million for a 49% stake in the Indian arm of Haier 600690.SS, the Business Standard reported on Monday, citing sources.Haier, a Chinese electronics maker, had initially sou...Reuters
Mon, Jul 7
Jio BlackRock raises more than $2.1 billion through debut mutual fund offers
July 7 (Reuters) - Jio BlackRock Asset Management said on Monday it has raised more than $2.1 billion across three cash or debt mutual fund schemes, its first offering since getting the licence in May.Jio BlackRock is a joint venture between Jio Financial Services JIOF.NS, part of Indian billionaire...Reuters
Mon, Jul 7
Samsung Elec Q2 profit likely to drop 39% on weak AI chip sales
SEOUL, July 7 (Reuters) - Samsung Electronics 005930.KS is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by delays in supplying advanced memory chips to artificial intelligence chip leader Nvidia NVDA.O.Reuters
Mon, Jul 7
Soccer-US coach Pochettino takes positives from Gold Cup despite defeat in final
July 7 (Reuters) - The United States came up short in the CONCACAF Gold Cup final on Sunday with a 2-1 loss to Mexico but will take valuable lessons from the tournament as they build towards next year's World Cup, coach Mauricio Pochettino said.The U.S. went ahead early in the game in Houston, T...Reuters
Mon, Jul 7
France's Capgemini to buy business transformation firm WNS for $3.3 billion
July 7 (Reuters) - French IT services firm Capgemini CAPP.PA has agreed to buy business transformation and services company WNS WNS.N for a cash payment of $3.3 billion, it said on Monday.The price translating to $76.50 per WNS share represents a 17% premium compared to the last closing price on Jul...Reuters
Mon, Jul 7
Three children among 23 wounded in Russia's drone attack on Kharkiv, Ukraine says
July 7 (Reuters) - At least three children were among 20 people wounded as a result of a Russian drone attack on Ukraine's second-largest city of Kharkiv overnight that damaged apartments and a kindergarten, Ukrainian authorities said on Monday. Kharkiv, which lies in northeastern Ukraine near t...Reuters
Mon, Jul 7
Indosat Ooredoo Hutchison, Nokia Partner To Reduce Energy Demand, Support AI-Powered, Sustainable Operations
July 7 (Reuters) - Nokia Oyj NOKIA.HE:INDOSAT OOREDOO HUTCHISON AND NOKIA PARTNER TO REDUCE ENERGY DEMAND AND SUPPORT AI-POWERED, SUSTAINABLE OPERATIONSNOKIA ENERGY EFFICIENCY WILL ENABLE INDOSAT OOREDOO HUTCHISON TO SHUT IDLE AND UNUSED RADIO EQUIPMENT AUTOMATICALLYReuters
Mon, Jul 7
Jio BlackRock raises more than $2.1 billion through debut new fund offer
July 7 (Reuters) - Jio BlackRock Asset Management, a joint venture between India's Jio Financial Services JIOF.NS and U.S.-based BlackRock BLK.N, said on Monday it has raised more than 178 billion rupees (about $2.1 billion) through its first new fund offer. ($1 = 85.7140 Indian rupees)Reuters
Mon, Jul 7
Capgemini To Acquire WNS For Total Cash Consideration Of $3.3 Bln
July 7 (Reuters) - Capgemini SE CAPP.PA:REG-CAPGEMINI TO ACQUIRE WNS TO CREATE A GLOBAL LEADER IN AGENTIC AI-POWERED INTELLIGENT OPERATIONSTO BUY WNS FOR $76.50 PER SHAREDEAL APPROVED BY BOARDS, EXPECTED TO CLOSE BY YEAR-ENDDEAL ACCRETIVE TO CAPGEMINI'S REVENUE AND OPERATING MARGINEXPECTED EPS A...Reuters
Mon, Jul 7
BREAKINGVIEWS-Some dos and don’ts for Europe’s defence buildup
By Hugo Dixon LONDON, July 7 (Reuters Breakingviews) - Now that European members of NATO have pledged to spend 5% of their national output on defence, they need some principles on how to deploy the cash. These include cutting reliance on the United States fast, integrating their fragmented indust...Reuters
Mon, Jul 7
RPT-ANALYSIS-Tariffs, geopolitics drag on European IPOs, even as funds flow in
European IPO numbers, values down so far this yearRecent shelved listings include Brainlab, Stada, and AutodocMarkets could see wave of IPOs post-summer, advisers sayBy Charlie Conchie and Emma-Victoria Farr LONDON/FRANKFURT, July 4 (Reuters) - Tariffs and Middle East turmoil are spooking Eur...Reuters
Mon, Jul 7
BREAKINGVIEWS-China IPOs put chip war battle scars on display
By Robyn Mak HONG KONG, July 7 (Reuters Breakingviews) - Two initial public offerings offer insight into the growing pains of China's chipmakers . Moore Threads and MetaX are raising a combined 12 billion yuan ($1.7 billion) in Shanghai. Sales are surging but are dwarfed by research an...Reuters
Mon, Jul 7
Jefferies flags potential hit to Indian derivatives volumes as SEBI bars US trader Jane Street
** Jefferies flags potential negative impact on Indian derivative volumes as the local markets regulator bans U.S. trading company Jane Street** The securities regulator last week barred Jane Street from the market, saying a preliminary investigation found evidence it manipulated stock indexes** Jan...Reuters
Mon, Jul 7
