By Nathan Layne, Karen Freifeld, Tim Reid and Jason Lange (Reuters) – On March 30, when Donald Trump was indicted over a hush-money payment to a porn star, he already owned the narrative. He had been preparing for this moment. Four weeks earlier, anticipating the indictment was near, the former president dictated notes to aides…
(Reuters) – A look at the day ahead in U.S. and global markets by Karin Strohecker There seems to be broad agreement that Fitch’s U.S. credit rating downgrade will have little impact on the real value of U.S. Treasuries, but the move has left markets feeling fragile and nervy ahead of tech giants Apple and…
FRANKFURT (Reuters) – European Central Bank board member Fabio Panetta made the case on Thursday for keeping the ECB’s interest rates at their current high level for longer, rather than raising them further and risking having to reverse course. The ECB raised rates for the ninth straight time in a year last week but signalled…
By Ludwig Burger FRANKFURT (Reuters) -Germany’s Merck KGaA on Thursday warned of a steeper earnings decline due to a slump in demand for materials used to produce pharmaceuticals and semiconductors, as its high-tech niche markets get drawn into a wider downturn. In a statement, it cited “persistently high inventory levels of our Life Science customers,…
WARSAW (Reuters) -Fighters from Russia’s private Wagner mercenary force are being moved close to NATO’s eastern flank to destabilise the military alliance, Poland’s prime minister said on Thursday. Wagner soldiers have begun training with the Belarus national army, prompting Poland to start moving more than 1,000 troops closer to the border. On Tuesday it accused…
(Reuters) – Cryptocurrency exchange HashKey on Thursday said it will begin offering its services to retail users in Hong Kong, becoming the first licensed crypto trading exchange in the city to do so. HashKey said it received a licence update from the Hong Kong Securities and Futures Commission, allowing the exchange to expand its business…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s surprise decision last week to raise a cap on interest rates was partly driven by policymakers’ growing worries ultra-loose monetary settings would spark a repeat of the bruising yen selloff that the economy saw last year. The tweak to the BOJ’s bond yield curve control…
BERLIN (Reuters) – Shares of German chipmaker Infineon tumbled 10% on Thursday after it forecast fourth-quarter revenue would come in below market expectations, weighed down by weak demand from makers of personal computers and smartphones. While demand for chips used in computers and smartphones has weakened following the pandemic-era, work-from-home boost, chipmakers are investing in…
By Jonathan Cable LONDON (Reuters) -The downturn in euro zone business activity worsened more than initially thought in July as the slump in manufacturing was accompanied by a further slowing of growth in the bloc’s dominant services industry, a survey showed. HCOB’s final Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as…
By Josh Ye HONG KONG (Reuters) – China’s Tencent Holdings said that its self-developed artificial intelligence (AI) model has entered the internal testing stage and is now integrated with multiple internal services and products. In a statement sent to Reuters, Tencent said its foundation AI model named “Hunyuan” has been integrated with a range of…
