By Carien du Plessis and Krishn Kaushik JOHANNESBURG (Reuters) -A deal to expand the BRICS group of leading developing countries appeared stuck in eleventh hour negotiations at a leaders summit on Wednesday, threatening to undermine the bloc’s ambition to give the “Global South” more clout in world affairs. Agreement to expand BRICS – currently Brazil,…
By Chavi Mehta, Max A. Cherney and Stephen Nellis (Reuters) -Nvidia far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in stock, sending its shares soaring after hours. Nvidia’s forecast beat expectations by billions of dollars, demonstrating…
By Hannah Lang (Reuters) – SoftBank-backed Better, the digital mortgage lender which hit the headlines in 2021 after laying off 900 employees on Zoom, is set to go public on the Nasdaq stock exchange on Thursday via a merger with a blank-check company, the company said Wednesday. The listing caps a rocky two years for…
(Reuters) -Signups for Netflix in the United States remain elevated despite a fall from June’s record high after the video-streaming pioneer’s crackdown on shared passwords came into effect in May, according to data from research firm Antenna. “Love is sharing a password,” Netflix had posted on X – then known as Twitter – in 2017,…
SEOUL (Reuters) – China’s BYD Co Ltd and South Korea’s KG Mobility Co Ltd are in talks to jointly build an electric vehicle (EV) battery plant in South Korea, a source told Reuters on Wednesday. The Chinese battery and EV maker and the South Korean automaker hope to secure stable battery supplies through the venture,…
(This Aug. 14 story has been corrected to say food inflation rose 11.51% in July, not June, compared with revised 4.55% in June, in paragraph 5) By Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) – India’s annual retail inflation in July rose to its highest in 15 months as vegetable and cereals prices skyrocketed,…
A look at the day ahead in European and global markets from Kevin Buckland The surge in U.S. yields to 16-year highs has dominated the market’s focus all week in the run-up to the Fed’s closely watched Jackson Hole Symposium, which should set the tone for policy direction. Today, though, yields have finally taken a…
