By Jane Lanhee Lee OAKLAND, California (Reuters) – Canadian AI computer design startup Tenstorrent said on Tuesday it was partnering with South Korea’s consumer electronics firm LG Electronics Inc to build chips that power smart TVs, automotive products and data centers. Tenstorrent, started in 2016, designs computers to train and run artificial intelligence models and…
(Reuters) – Yields on Treasury bills that are due in early June dropped on Tuesday on optimism that Congress will pass a deal to raise the country’s debt ceiling and avoid a potential default. A bipartisan deal to raise the $31.4 trillion U.S. debt ceiling now faces a series of votes in Congress, with both…
By Parisa Hafezi DUBAI (Reuters) – A Revolutionary Court in Iran on Tuesday began the trial of a female journalist behind closed doors on charges linked to her coverage of a Kurdish-Iranian woman whose death in custody last year sparked months of unrest, her husband said on Twitter. Mahsa Amini’s death while held by the…
By Elaine Lies TOKYO (Reuters) – A Japanese court ruled on Tuesday that not allowing same-sex marriage was unconstitutional, a decision activists welcomed as a step towards marriage equality in the only Group of Seven nation with no legal protection for same-sex unions. The ruling by the Nagoya District Court was the second to find…
By Joice Alves and Scott Murdoch LONDON/SYDNEY (Reuters) – European stocks and the U.S. dollar fell, after climbing to a two-month high, on Tuesday as relief that the U.S. government had averted a possible default gave way to concern that the deal could face a rocky path through Congress. Longer-dated U.S. Treasuries rallied as traders…
LONDON (Reuters) – Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend. Brent crude and U.S. West Texas Intermediate (WTI) futures ended last week over 1.5% higher, but fell by over 1% at 1047 GMT…
By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – The Reserve Bank of India (RBI) will leave its key interest rate unchanged at 6.50% on June 8 and for the rest of 2023 as it waits to see the economic impact of a series of hikes over the past year, a Reuters poll of economists…
BEIJING (Reuters) – China will create a better market-oriented business environment for enterprises from all countries, including Tesla, China’s foreign minister Qin Gang said during a meeting with Tesla’s Elon Musk on Tuesday. China will continue to unswervingly promote high-level opening-up and strive to create a better international business environment, Qin told Musk, according to…
A look at the day ahead in U.S. and global markets from Mike Dolan Out of the frying pan, and into the fire? Relief over the likely lifting of the U.S. debt ceiling this week is being reined in by the uncomfortable prospect of even higher Federal Reserve interest rates – and the further evaporation…
SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000…
