Analysis-Wall Street prepares for Treasuries mess as default looms
By Gertrude Chavez-Dreyfuss, Saeed Azhar and Davide Barbuscia NEW YORK (Reuters) – Anxiety is increasing in parts of Wall Street…
Business
Inflation in Tokyo slows in May, but key gauge hits four-decade high
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Core consumer inflation in Japan’s capital slowed in May, but a key…
Marketmind: Counting down the $70 billion to a debt deal
A look at the day ahead in European and global markets from Vidya Ranganathan The week draws to a close…
Baidu will ‘very soon’ officially launch generative AI model, says CEO
BEIJING (Reuters) – Chinese search engine giant Baidu’s CEO Robin Li said on Friday that the company will “very soon”…
Australia issues interim stop order for Humm’s BNPL products, shares drop
(Reuters) -Australian fintech company Humm Group said on Friday its unit got an interim stop order from the country’s corporate…
Cummins braving debt ceiling jitters with $275 million engine filter unit IPO
By Echo Wang (Reuters) -Diesel engine maker Cummins Inc priced the initial public offering (IPO) of its engine filtration division…
Nippon Steel still in talks with Teck as it seeks stake in coal asset
By Yuka Obayashi and Mayu Sakoda TOKYO (Reuters) -Nippon Steel Corp is still in talks with Teck Resources, despite Glencore’s…
Chip giant Nvidia nears trillion-dollar status on AI bet
By Aditya Soni (Reuters) -Nvidia Corp surged 24% on Thursday in one of the largest one-day gains in value for…
Australia retail sales flat in April as consumers cut back on food, dining out
By Stella Qiu SYDNEY (Reuters) -Australian retail sales were flat in April as consumers, who face high living costs and…
Low growth, high inflation are top risks for India, say economists: Reuters poll
By Vivek Mishra and Shaloo Shrivastava BENGALURU (Reuters) – India’s economy will grow about 6% this fiscal year with a…