(Reuters) – Evergrande Property Services Group Ltd said on Wednesday it had applied to the Hong Kong Stock Exchange to resume trading of the company’s shares from Aug. 3. Shares of the company, the property services unit of China Evergrande Group, have been suspended from trading since March 21, 2022, after being sucked into a…
(Reuters) – Meta Platforms on Wednesday introduced its open-source AI tool called AudioCraft that will help users to create music and audio based on text prompts. The AI tool is bundled with three models, AudioGen, EnCodec and MusicGen, and works for music, sound, compression and generation, Meta said. MusicGen is trained using company-owned and specifically…
LONDON (Reuters) -The British public’s expectations for future inflation fell in July, U.S. bank Citi said on Wednesday, offering some relief to the Bank of England which is expected to announce its 14th back-to-back interest rate increase on Thursday. Public expectations for inflation in 12 months’ time fell sharply to 4.3% from 5.0% in June,…
By Manuel Ausloos and Antonio Denti PARIS/ROME (Reuters) – Military planes carrying hundreds of European nationals evacuated from Niger landed in Paris and Rome on Wednesday as France and Italy fly their citizens out of the West African country after a coup last week. Those arriving in Rome included 21 U.S. citizens, a number of…
(Reuters) -British chip designer Arm Ltd is targeting an initial public offering (IPO) at a valuation of between $60 billion and $70 billion as soon as September, Bloomberg News reported on Wednesday, citing people familiar with the matter. The roadshow is scheduled to start in the first week of September with pricing for the IPO…
(Reuters) – World Wrestling Entertainment said on Wednesday U.S. federal law enforcement agents executed a search warrant and served a subpoena to Executive Chairman Vince McMahon last month, though no charges were brought against him. WWE, which reported its second-quarter results on Wednesday, said McMahon has been on a medical leave since July 11 after…
(Reuters) -BofA Global Research on Wednesday forecast a “soft landing” for the U.S. economy and increased its 2023 economic growth outlook for the country on the back of incoming data. The brokerage no longer expects a mild recession in 2024 and sees real gross domestic product growing 2.0% on average this year, up from a…
By Nelson Acosta and Marc Frank HAVANA (Reuters) – The Cuban peso was trading on the informal market at an all-time low of 230 to the dollar on Wednesday, slumping to half its value a year ago as consumers struggle with surging inflation and scarce goods, a widely watched tracker showed. The state considers the…
By Stephanie Hamel and Diana Mandia (Reuters) – JDE Peet’s NV will from the end of the year sell coffee and tea in Russia only under local brands, it said on Wednesday, as it lowered its annual earnings target, saying the business impact was uncertain. Shares were down 1.6% at 1300 GMT The maker of…
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in 30 days, as the cash-strapped country tapped almost $3 billion of a Beijing currency swap line to pay the multilateral lender. Accessing yuan to make…
