Business

Exclusive-China’s Xi tells Bill Gates he welcomes U.S. AI tech in China

Friday, June 16 by SRN News

HONG KONG (Reuters) – Chinese President Xi Jinping discussed the global rise of artificial intelligence (AI) with Bill Gates and said he welcomed U.S. firms including Microsoft to bring their AI tech to China, two sources familiar with the talks... Read More.

Global equity funds attract biggest inflow in 12 weeks

Friday, June 16 by SRN News

(Reuters) – Global equity funds witnessed their largest inflow in 12 weeks, as stocks surged on expectations that subdued U.S. inflation data would prompt the Federal Reserve to pause rate hikes for now. As anticipated, the Federal Reserve left interest rates... Read More.

Self-driving truck company Einride expands into Norway

Friday, June 16 by SRN News

By Johannes Birkebaek COPENHAGEN (Reuters) – Swedish electric self-driving truck company Einride expects to reduce CO2 emissions in Norway by 2,100 tonnes over the coming three years as it partners up with Scandinavia’s leading postal service, PostNord, the company said on... Read More.

Central banks, waiting for relief on inflation, lean towards higher rates

Friday, June 16 by SRN News

By Howard Schneider, Balazs Koranyi and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Two years into confronting rising inflation, the world’s top central banks are still waiting for a decisive turn in their favor, with monetary policy edging ever tighter and policymakers maintaining their pursuit of a common... Read More.

China takes next step in currency globalization, with some HK stocks priced in yuan

Friday, June 16 by SRN News

By Samuel Shen and Georgina Lee SHANGHAI/HONG KONG (Reuters) – China’s gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong’s stock market. Hong... Read More.

Gannett tiptoes into generative AI, giving humans the last word

Friday, June 16 by SRN News

By Helen Coster NEW YORK (Reuters) – Publisher Gannett plans to include generative artificial intelligence in the system it uses to publish stories as it and other news organizations begin to roll out the popular technology that may help save money... Read More.

Marketmind: Stocks fight the Fed as markets still not listening

Friday, June 16 by SRN News

By Naomi Rovnick LONDON (Reuters) – If you looked at red-hot stock markets without following central banks, you could well assume interest rates are being cut. Of course, they are not. The U.S. Federal Reserve this week paused its most aggressive... Read More.

World shares reach 14-month highs as investors shrug off the Fed

Friday, June 16 by SRN News

By Amanda Cooper LONDON (Reuters) – Global shares rose to 14-month highs on Friday, as investors took the view that the Federal Reserve may not need to raise rates much more, while the dollar headed for its biggest weekly slide since... Read More.

Explainer-What is Hong Kong’s new dual HKD/RMB share counter?

Friday, June 16 by SRN News

By Georgina Lee and Winni Zhou HONG KONG (Reuters) – The Hong Kong stock exchange will start offering yuan-denominated Chinese stocks from Monday in what it calls a dual counter, a scheme that is seen as part of China’s efforts to... Read More.

Intel to invest $4.6 billion in new chip plant in Poland

Friday, June 16 by SRN News

By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Intel said on Friday it will invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe... Read More.

Current Weather

Exclusive-China’s Xi tells Bill Gates he welcomes U.S. AI tech in China

Global equity funds attract biggest inflow in 12 weeks

Self-driving truck company Einride expands into Norway

Central banks, waiting for relief on inflation, lean towards higher rates

China takes next step in currency globalization, with some HK stocks priced in yuan

Gannett tiptoes into generative AI, giving humans the last word

Marketmind: Stocks fight the Fed as markets still not listening

World shares reach 14-month highs as investors shrug off the Fed

Intel to invest $4.6 billion in new chip plant in Poland

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