(Reuters) – Wall Street’s main indexes were subdued at the open on Tuesday as investors kept an eye out for inflation data that could determine the U.S. Federal Reserve’s next policy moves. The Dow Jones Industrial Average rose 0.23 point at the open to 33,586.75. The S&P 500 opened higher by 1.18 points, or 0.03%,…
(Reuters) – Utilities firm Dominion Energy Inc will buy Longroad Energy’s 108 megawatt solar project in Virginia, the U.S.-based renewable energy developer said on Tuesday. The solar project, called Foxhound, has been in development for six years and will produce enough clean energy to power more than 17,000 homes, Longroad said in a press release….
BENGALURU (Reuters) – Indian private lender HDFC Bank Ltd said on Tuesday it would consider raising debt of 500 billion rupees (about $6 billion) over the next one year. The bank will discuss the fund raise at its board meeting on Saturday, when it is also due to report earnings for the January-March quarter. The…
By Melanie Burton MELBOURNE (Reuters) -Newmont Corp laid down a best and final offer for Australia’s Newcrest Mining Ltd on Tuesday at A$29.4 billion ($19.5 billion) to close a deal that would extend Newmont’s lead as the world’s biggest gold producer. If successful, the deal would lift Newmont’s gold output to nearly double its nearest…
ROME (Reuters) – Italian supercar maker Ferrari said on Tuesday it had signed a deal with Samsung Display to use its organic light-emitting diode (OLED) display panels in future car models. The South Korean company will develop “bespoke OLED technology display solutions” for the next generation of Ferraris, Chief Executive Benedetto Vigna said in a…
By Heekyong Yang SEOUL (Reuters) -Hyundai Motor Group said on Tuesday it planned to invest 24 trillion won ($18.14 billion) in South Korea’s electric vehicle (EV) industry through 2030, bolstering its presence in a segment that is set to dominate long-term global automotive demand. The investment plan by the group, which includes Hyundai Motor Co,…
ZURICH (Reuters) -Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees’ Association (SBPV) said on Tuesday, in an open letter to the country’s parliament. SBPV managing director Natalia Ferrara has written to lawmakers to demand they consider staff affected by the collapse of Credit…
ZURICH (Reuters) – Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees’ Association (SBPV) said on Monday, in an open letter to the country’s parliament. SBPV managing director Natalia Ferrara has written to lawmakers to demand they consider staff affected by the collapse of…
By Josh Horwitz SHANGHAI (Reuters) -Alibaba Group Holding Ltd on Tuesday showed off its generative AI model – its version of the tech that powers chatbot sensation ChatGPT – and said it would be integrated into all of the company’s apps in the near future. Called Tongyi Qianwen, the AI large language model drafted invitation…
By Selena Li HONG KONG (Reuters) – Asia stocks posted gains on Tuesday, boosted by investor optimism that the region’s central banks will continue to pause or end interest rate hike cycles, whatever action the U.S. Federal Reserve takes. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6% as trading resumed after a long…
