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News
Tencent-backed Enflame to debut in Shanghai on Friday in $912 million IPO
4+ day, 14+ hour ago (237+ words) BEIJING, Sept 9 (Reuters) – Tencent-backed AI chipmaker Shanghai Enflame Technology will make its Shanghai stock market debut on September 11, an exchange filing showed on Wednesday. Enflame, one of China’s leading AI chip startups known locally as the “four little GPU dragons…...
German industrial output falls unexpectedly in July
6+ day, 22+ hour ago (500+ words) Sept 7 (Reuters) – German industrial production fell unexpectedly in July, dragged down by a sharp drop in car manufacturing, and economists do not expect the recent pickup in factory orders to boost output before the fourth quarter. Industrial production fell by…...
South Korea exports surpass full-year record, hit $709.4 billion YTD
1+ week, 1+ day ago (235+ words) SEOUL, Sept 5 (Reuters) – South Korea’s exports have reached $709.4 billion so far this year, surpassing last year’s annual record, the customs office said on Saturday, as the economy rides high on booming global demand for AI chips. The country’s exports hit…...
Novartis, Ionis’ experimental heart drug misses key goal in closely watched trial
1+ week, 2+ day ago (464+ words) By Christy Santhosh and Bhanvi Satija Sept 4 (Reuters) – Novartis said on Friday its experimental drug pelacarsen did not cut the risk of major heart attacks and strokes in patients with a genetic risk factor in a late-stage trial, marking a…...
Bond rout, Mideast worries drag European shares to one-month low
1+ week, 4+ day ago (395+ words) By Sudeshna Ghoshal and Johann M Cherian Sept 2 (Reuters) – European shares slipped to a one-month low on Wednesday, pressured by a global bond rout as escalating tensions in the Middle East stoked worries about energy-induced inflation. The pan-European STOXX 600 was…...
Defence spending shows determination to protect Taiwan, president says
1+ week, 4+ day ago (232+ words) TAIPEI, Sept 2 (Reuters) – Taiwan’s plan for defence spending next year to exceed T$1 trillion ($31.47 billion) for the first time shows the international community the island’s determination to strengthen its defences, President Lai Ching-te said on Wednesday. Beijing, which views democratically…...
New Jersey asks US Supreme Court to assess power to regulate sports bets on Kalshi
1+ week, 4+ day ago (200+ words) Sept 2 (Reuters) – New Jersey authorities on Wednesday asked the U.S. Supreme Court to resolve whether states have the power to police sports betting that occurs on prediction markets operated by Kalshi and competing platforms. The state asked the Supreme Court…...
Sweden’s election tightens with 11 days to go, TV4 poll shows
1+ week, 4+ day ago (311+ words) OSLO, Sept 2 (Reuters) – Sweden’s ruling right-wing coalition has nearly caught up with the centre-left opposition bloc ahead of a September 13 election for parliament, a new opinion poll showed on Wednesday, pointing to a close vote in which either side could…...
Japan’s benchmark bond yield rises to 3% for first time in 30 years
1+ week, 5+ day ago (624+ words) By Rocky Swift and Kevin Buckland TOKYO, Sept 1 (Reuters) – Japan’s benchmark 10-year bond yield hit 3% on Tuesday for the first time since September 1996, pushed higher by investor concerns about inflation, fiscal health and mounting pressure on the central bank to…...
European stocks kick off September on gloomy note as bond yields rise
1+ week, 5+ day ago (475+ words) Sept 1 (Reuters) – European shares dipped on Tuesday, pressured by a fresh rise in government bond yields as investors braced for higher interest rates. The pan-European STOXX 600 slipped 0.2% to a more than one-week low by 0815 GMT. Britain’s FTSE 100 fell 0.5% as trading…...