Business

US watchdog urged to probe Roblox over child safety and marketing

Wednesday, May 20 by SRN News

By Courtney Rozen WASHINGTON, May 20 (Reuters) - Two children's advocacy groups asked the U.S. Federal Trade Commission on Wednesday to investigate gaming platform Roblox, according to a letter shared with Reuters saying its design features and marketing techniques are "unfair and deceptive." • The... Read More.

AI financing fueling a surge in U.S. convertible bond sales

Wednesday, May 20 by SRN News

By Chibuike Oguh NEW YORK, May 20 (Reuters) - Corporate America is tapping the convertible bond market at a record pace as companies linked to artificial intelligence drive a surge in demand for debt that often draws extra investor interest in hot markets because it... Read More.

Tech leaders favoured by hedge funds last month, Hazeltree says

Wednesday, May 20 by SRN News

LONDON, May 20 (Reuters) - Hedge funds stuck to their holdings in companies with strong fundamentals in April, particularly technology and semiconductor stocks, according to a report on Wednesday from data platform Hazeltree, in a month when the S&P 500 jumped over 10%. Here... Read More.

Foreign selling in Asian equities rises as bond yields climb

Wednesday, May 20 by SRN News

May 20 (Reuters) - Foreign selling in Asian equities has accelerated so far in May as investors turn cautious over the impact of war-driven inflation and higher borrowing costs on corporate margins across the region. Foreign investors have so far sold a net $24.75 billion... Read More.

Explainer-South Korea weighs emergency step to blunt blow from Samsung strike

Wednesday, May 20 by SRN News

By Jack Kim SEOUL, May 20 (Reuters) - Samsung Electronics' labour union plans to embark on a massive 18-day strike on Thursday after bonus payment talks with management collapsed and attention is now focused on whether the government will issue an emergency arbitration order. Some 48,000... Read More.

Sberbank seeks Chinese chips to power Russia’s GigaChat AI model

Wednesday, May 20 by SRN News

MOSCOW, May 20 (Reuters) - Russia hopes to power its flagship GigaChat AI model with Chinese-made chips, Sberbank's CEO said during President Vladimir Putin's visit to China, as Western sanctions continue to block the country's access to advanced hardware abroad. "We are hoping that we... Read More.

Hyundai to recall over 54,000 vehicles in US over fire risk, NHTSA says

Wednesday, May 20 by SRN News

May 20 (Reuters) - Hyundai Motor is recalling 54, 337 vehicles in the U.S. over a fire risk linked to the overheating of hybrid power control unit, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday. Here are further details: • The recall covers... Read More.

China says it will buy 200 Boeing jets, seek extension of US tariff truce

Wednesday, May 20 by SRN News

BEIJING, May 20 (Reuters) - China will buy 200 Boeing jets and seek an extension of the trade agreement with the United States reached in Kuala Lumpur last year, the Chinese Commerce Ministry said on Wednesday. The U.S. will provide China with supply guarantees for... Read More.

Analysis-Australia’s tax changes will re-wire investors to chase income

Wednesday, May 20 by SRN News

By Scott Murdoch SYDNEY, May 20 (Reuters) - Australia's planned tax overhaul is set to reshape the market's investment landscape, with high-dividend blue chips poised to benefit at the expense of growth-oriented stocks, fund managers say. Under reforms unveiled in last week's Budget, the centre-left Labor... Read More.

Foreign firms eye Hong Kong listings as IPO rebound broadens

Wednesday, May 20 by SRN News

(Corrects Kenneth Chow's job title in paragraph 16 by adding 'origination and products' to reflect his full job title) By Yantoultra Ngui SINGAPORE, May 20 (Reuters) - About 10 companies from countries including Indonesia, South Korea and Singapore have filed for Hong Kong listings this year... Read More.

Current Weather

US watchdog urged to probe Roblox over child safety and marketing

AI financing fueling a surge in U.S. convertible bond sales

Tech leaders favoured by hedge funds last month, Hazeltree says

Foreign selling in Asian equities rises as bond yields climb

Explainer-South Korea weighs emergency step to blunt blow from Samsung strike

Sberbank seeks Chinese chips to power Russia’s GigaChat AI model

Hyundai to recall over 54,000 vehicles in US over fire risk, NHTSA says

China says it will buy 200 Boeing jets, seek extension of US tariff truce

Analysis-Australia’s tax changes will re-wire investors to chase income

Foreign firms eye Hong Kong listings as IPO rebound broadens

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