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China’s Z.AI raises $5 billion from new share, convertible bond sales, filing shows
6+ hour, 39+ min ago (296+ words) HONG KONG, Sept 13 (Reuters) – Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a…...
Speculators turn net long on yen for first time since February
14+ hour, 33+ min ago (148+ words) TOKYO, Sept 13 (Reuters) – Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday, a display of growing momentum behind Japan’s beleaguered currency. The yen has surged this month on…...
Boeing and engineers’ union reach tentative contract agreement
1+ day, 17+ hour ago (66+ words) SEATTLE, Sept 11 (Reuters) - Boeing and its engineering union reached a tentative contract agreement on Friday, union officials said. (Reporting by Dan Catchpole in Seattle; Editing by Tom Hogue)... Boeing and engineers’ union reach tentative contract agreement SEATTLE, Sept 11 (Reuters) – Boeing…...
Apollo Global in talks to acquire J&J’s orthopedics unit, Bloomberg News reports
1+ day, 18+ hour ago (147+ words) Sept 11 (Reuters) – Apollo Global Management is in talks to acquire Johnson & Johnson’s orthopedics unit in a deal that could value it at close to $20 billion, Bloomberg News reported on Friday, citing sources. Several private equity firms are interested to potentially…...
Japan to maintain close communication with US on currency markets, Katayama says
2+ day, 15+ hour ago (130+ words) TOKYO, Sept 11 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Friday that the government will continue to closely communicate with the United States to ensure orderly foreign exchange markets. “Our policy stance has not changed at all since Japan and…...
BOJ set to lift rates next week but offer few clues on terminal, sources say
2+ day, 14+ hour ago (736+ words) By Leika Kihara and Takahiko Wada TOKYO, Sept 11 (Reuters) – The Bank of Japan is set to raise interest rates next week, most likely by 25 basis points, and may signal faster future tightening if price pressures heighten risks of an inflation…...
Tencent-backed Enflame surges 188% in Shanghai debut after $912 million IPO
2+ day, 16+ hour ago (135+ words) HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology opened 188% higher in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering. The stock opened at 410 yuan versus its…...
Japan’s wholesale inflation stays elevated in August, boosts case for rate hike
2+ day, 17+ hour ago (311+ words) TOKYO, Sept 11 (Reuters) – Japan’s wholesale inflation remained elevated in August, data showed on Friday, highlighting mounting price pressures that cement the case for the central bank to raise interest rates this month. The data follows recent hawkish communication from the…...
Europe drives global EV sales growth in August, offsetting China, North America weakness
2+ day, 18+ hour ago (187+ words) Sept 11 (Reuters) – Global demand for electric vehicles rose for a sixth consecutive month in August, with Europe leading the growth, data from UK-based research firm Benchmark Mineral Intelligence showed on Friday. Sales of battery-electric and plug-in hybrid vehicles show growing…...
New Zealand August manufacturing activity eases but stays in expansion territory
2+ day, 19+ hour ago (155+ words) SYDNEY, Sept 11 (Reuters) - New Zealand's manufacturing activity continued to expand in August, though at a slower pace than the previous month, as businesses cited cost-of-living pressures and the Middle East conflict as factors weighing on gro... SYDNEY, Sept 11 (Reuters) â…...