Month: January 2024

Reuters exclusively reported that Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia (NVDA.O), opens new tab semiconductors banned by the U.S. from export to China.  The post China’s military and government acquire Nvidia chips despite US ban appeared first on Reuters News Agency.

Reuters exclusively reported that Japanese stocks have made a blazing start to 2024, surging to three-decade highs as a weaker yen and expectations of interest rates staying low have re-ignited the strongest rally for years.  The post Sparkling start puts spotlight on Nikkei in 2024 appeared first on Reuters News Agency.

Reuters exclusively reported that French telecoms group Orange (ORAN.PA), opens new tab and Spanish rival MasMovil are set to gain conditional EU antitrust approval for their Spanish tie-up. The story was picked up by Bloomberg, Seeking Alpha, MarketScreener, Telecompaper, Mobile Europe, ET Telecom, Street Insider and numerous telecoms and financial services publications.  The post Orange […]

Reuters exclusively reported that Spirit Airlines was pressing JetBlue Airways to appeal a decision by a federal judge to block the tie-up between the sixth and seventh largest U.S. airlines. Spirit told JetBlue that their deal contract required them to exhaust legal options to complete their deal, and that they should appeal the judge’s ruling, […]

Reuters was first to report that Worldline (WLN.PA), opens new tab has lined up bankers to advise on a defence strategy in a bid to reassure shareholders and avoid a hostile takeover in the wake of a share price slump.  The post Worldline taps advisers for defence strategy amid share slump  appeared first on Reuters […]

Reuters exclusively reported that Indian snacks maker Haldiram’s, which values itself at around $10 billion, is in talks to acquire a majority stake in listed rival Prataap Snacks to expand its presence in the thriving potato chip market. Prataap competes with Pepsi’s Lay’s brand and other snack-makers in the booming Indian market where local, unorganised […]

Reuters was first to report that Australian nickel producers, hit by a sharp jump in supply from rival Indonesia, are starting to buckle under low prices that analysts expect will force a rethink by top global miner BHP Group (BHP.AX), opens new tab on its nickel strategy this year. The post BHP faces nickel choice […]

Reuters was first to report that Communications intercepts collected by the United States confirmed that Islamic State’s (ISIS) Afghanistan-based branch carried out twin bombings in Iran that killed nearly 100 people.  The post US intelligence confirms Islamic State’s Afghanistan branch behind Iran blasts  appeared first on Reuters News Agency.

Reuters exclusively reported that Tesla (TSLA.O) will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11, the company said late on Thursday, citing a lack of components owing to shifts in transport routes because of attacks on vessels in the Red Sea. It is the first company to disclose […]

Reuters was first to report that Vietnamese electric vehicle maker VinFast aims to increase its free float, or shares available to the public for trading, to 10% to 20% by the end of this year from roughly 2% currently. The post EV maker VinFast aims to raise free float to 10%-20% by end-2024 appeared first […]