A look at the day ahead in European and global markets from Anshuman Daga The overarching downbeat mood among investors shows no signs of improving as markets become increasingly wary of a further rise in borrowing costs.Although U.S. markets took a breather and rose on Monday, they ended well below the day’s highs and Asian…
By Laila Kearney and Trixie Sher Li Yap (Reuters) -Oil prices were steady in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes potentially hurting demand in the world’s biggest economy. Brent crude futures for April, due to…
HANOI (Reuters) – Vietnam’s industrial output and exports rose in February from a year earlier, partly helped by higher footwear sales, in a possible sign of recovering global demand for goods produced in the Southeast Asian industrial powerhouse. But indicating the caution among factory managers amid an uncertain global outlook, production of smartphones and cellphone…
SYDNEY (Reuters) – The Australian government said on Tuesday it would limit tax breaks for members with pension balances of more than A$3 million ($2 million) in the face of mounting pressure on the federal budget and protracted deficits. The decision comes just days after the centre-left Labor government launched a consultation on reforming superannuation…
By Kantaro Komiya TOKYO (Reuters) -Japan’s factory output shrank at the fastest pace in eight months in January as declining overseas demand took a heavy toll on key industries such as auto and semiconductor equipment. In contrast, retail sales posted their fastest growth in nearly two years, separate data showed, highlighting the divergent paths between…
(Reuters) – Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to ChatGPT, the Information reported on Monday, citing people with direct knowledge of the effort. (Reporting by Yana Gaur in Bengaluru; Editing by Rashmi Aich)
By Lucia Mutikani WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods increased by the most in five months in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter. Some of the larger-than-expected rise in core capital goods orders…
By Helen Coster and Jack Queen (Reuters) – Fox Corp Chairman Rupert Murdoch acknowledged under oath that some Fox hosts “endorsed” the notion that the 2020 U.S. presidential election was stolen, according to a court filing unsealed Monday. Documents in the case in Delaware State Court show Murdoch and other Fox executives believed Joe Biden…
(Reuters) -Meta Platforms Inc is creating a new top-level product group focused on generative artificial intelligence (AI), Chief Executive Mark Zuckerberg said on Monday, as the AI race among Big Tech firms heats up. AI has emerged as a bright spot for investments in the tech industry, which has been struggling with slowing growth, and…
(Reuters) – Zoom Video Communications Inc on Monday forecast annual revenue below Wall Street estimates, as demand for its video-conferencing services slows down in the face of economic uncertainty. The company expects revenue between $4.44 billion and $4.46 billion for fiscal 2024, compared with analysts’ average estimate of $4.6 billion, according to Refinitiv IBES data….
