By Saqib Iqbal Ahmed NEW YORK (Reuters) – Fear of missing out on the recent stock market rally is driving traders in the U.S. equity options market to lap up bullish derivative contracts at a hectic pace, further fueling gains for stocks, analysts said on Friday. The S&P 500 Index has risen nearly 8% over…
HONG KONG (Reuters) -Chinese President Xi Jinping discussed the global rise of artificial intelligence with Bill Gates on Friday and said he welcomed U.S. firms including Microsoft bringing their AI tech to China, two sources familiar with the talks said. Xi also discussed Microsoft’s business development in China during their meeting in Beijing, one of…
VIENNA (Reuters) – It is unclear whether water from the huge reservoir of the Kakhovka dam in Ukraine that burst last week can still be pumped to the nearby Zaporizhzhia nuclear power plant (ZNPP) for cooling, the U.N. nuclear watchdog said on Friday. While the reservoir was a main source of water for cooling the…
By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Intel plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity, it said on Friday. The U.S. chipmaker last year announced plans to build…
By Panu Wongcha-um, Poppy McPherson and Ananda Teresia BANGKOK (Reuters) -Thailand’s caretaker government is proposing to “fully re-engage” Myanmar’s military rulers and has invited ASEAN foreign ministers to an informal meeting on Sunday to discuss a stalled peace plan, according to a letter seen by Reuters and sources aware of the invitation. The proposal…
PARIS (Reuters) – Airbus has signed an order for its A350 plane with a major international airline, Airbus’ chief commercial officer Christian Scherer told reporters on Friday. “Business is back with a vengeance and the show will be proof of that,” said Scherer, who was speaking ahead of the Paris Airshow which runs from June…
PARIS (Reuters) -Tesla is close to achieving fully autonomous vehicles, CEO Elon Musk said during a visit to Paris on Friday, adding autonomy was the “main driver” of the brand’s market value. The company’s shares rose by as much as 3% to their highest level in more than eight months. The world’s most valuable automaker,…
WASHINGTON (Reuters) -U.S. President Joe Biden on Friday tapped former North Carolina health secretary Mandy Cohen to lead the federal Centers for Disease Control and Prevention, an agency that was in the forefront of the government’s response to the COVID-19 pandemic. Cohen will replace Rochelle Walensky, who is stepping down on June 30 as head…
By Ana Mano SAO PAULO (Reuters) – The Brazilian unit of U.S. grains merchant Cargill has asked a bankruptcy court to halt the auction of two plants owned by soy crusher Imcopa, scheduled for June 27, in the latest twist of a running legal saga involving rival Bunge. In court documents seen by Reuters, Cargill…
By Blake Brittain (Reuters) -Appliance maker Whirlpool on Thursday agreed to drop a U.S. lawsuit against its former Italian executive Davide Cabri that accused him of stealing trade secrets for a move to its competitor Haier. Whirlpool and Cabri told a Delaware federal court they would dismiss the case with prejudice, which means it cannot…
