By David Shepardson WASHINGTON (Reuters) – The U.S. government is closely scrutinizing exports to China and last year denied or took no action on a quarter of requests in order to stop sales that would advance Beijing’s militarization, a senior official said in testimony released on Tuesday. In 2022, 5,064 export and re-export license applications…
(Reuters) – Bank of Queensland Ltd said on Wednesday it had entered into separate undertakings with the country’s financial crime and prudential regulators to comply with anti-money laundering and counter-terrorism financing laws and address risk governance practices. The court-enforceable undertaking accepted by the Australian Prudential Regulation Authority (APRA) follows several breaches of prudential standards in…
By Suban Abdulla LONDON (Reuters) – Sentiment among British businesses fell for the first time in three months in May as firms were less optimistic about the economy and their trading prospects despite some signs of resilience in the economy, a survey showed on Wednesday. The Lloyds Bank Business Barometer fell to 28% in May…
By Foo Yun Chee BRUSSELS (Reuters) – EU industry chief Thierry Breton will meet OpenAI CEO Sam Altman in San Francisco next month to discuss how the company will implement the bloc’s world-leading rules on artificial intelligence (AI), EU officials said on Tuesday. Breton will also discuss an AI pact with Altman with the goal…
NEW YORK (Reuters) – Kroll Bond Rating Agency (KBRA) said on Tuesday it remained confident about its top AAA rating for the U.S. government as a debt ceiling deal appeared within reach and because political wrangling did not affect the country’s ability to pay its debts. “In KBRA’s view, the debt ceiling brinkmanship and the…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand companies will start to benefit from the country’s new free trade agreement (FTA) with the United Kingdom with the pact now in force, the government said on Wednesday. “The benefits which begin flowing from the FTA today, provide a further big boost to our economy,” said New…
NEW YORK (Reuters) – A mammoth run in shares of Nvidia Corp has vaulted the chipmaker into a rarified club: U.S. companies that have reached $1 trillion in market value. Nvidia’s market cap ended at about $990.7 billion on Tuesday, according to Reuters data, after hitting $1 trillion during the session. Only seven U.S. companies…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian market focus on Wednesday turns to Chinese purchasing managers index figures, which will give the first insight into factory and service sector activity in the world’s second largest economy in May. Japanese retail sales, South Korean retail…
By Daniel Wiessner (Reuters) – A U.S. labor board official on Tuesday said requiring workers to sign agreements not to join competing companies is usually illegal, the latest bid by government regulators to rein in the practice. National Labor Relations Board (NLRB) General Counsel Jennifer Abruzzo in a memo to agency lawyers said so-called “noncompete…
By Carolina Mandl NEW YORK (Reuters) – Nvidia Corp’s debut in the club of U.S. companies valued at $1 trillion on Tuesday may have given a boost to a number of portfolio managers who bought in to the stock, according to data revealed in first-quarter hedge fund filings, such as Australia listed boutique investment firm…
