A look at the day ahead in European and global markets from Vidya Ranganathan The week draws to a close with pretty much the same buzz around artificial intelligence and U.S. debt diplomacy that it kicked off with. Stock markets were getting a breather after the excitement over the blowout forecast from chipmaker Nvidia Corp…
By Kantaro Komiya TOKYO (Reuters) – Group of Seven (G7) nation officials will meet next week to consider problems posed by generative artificial intelligence (AI) tools like ChatGPT, Japan said on Friday. Leaders of the G7, which includes the United States, European Union and Japan, last week agreed to create an intergovernmental forum called the…
TOKYO (Reuters) -Japan and the United States are likely to issue a joint statement on semiconductor and advanced technology cooperation on Friday, the Yomiuri daily newspaper reported without disclosing where it obtained the information. Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura and U.S. Secretary of Commerce Gina Raimondo will meet in the U.S….
SYDNEY (Reuters) – Australian retail sales were flat in April as consumers, in the face of high cost of living and rising interest rates, curbed spending on food and eating out. Data from the Australian Bureau of Statistics (ABS) on Friday showed retail sales were unchanged in April from March, when they rose 0.4%. Analysts…
By Arathy Somasekhar (Reuters) – Oil prices were roughly unchanged in early trading on Friday, as markets awaited clarity on OPEC and its allies’ next oil policy moves after conflicting messages made it hard to predict the outcome of the meeting next week. Brent crude slipped 4 cents to $76.22 a barrel at 0022 GMT,…
(Reuters) – Fitch has placed the ratings of U.S. mortgage finance giants Fannie Mae and Freddie Mac on watch for a possible downgrade as U.S. lawmakers’ negotiations to raise the government’s debt ceiling dragged on without a resolution. This comes after the ratings agency on Wednesday had warned that the U.S. credit rating could be…
By Hyunjoo Jin, David Shepardson and Abhirup Roy (Reuters) -Ford Motor Co said on Thursday it has agreed with Tesla Inc to allow its electric vehicle owners to gain access to more than 12,000 Tesla Superchargers in North America in early 2024. The tie-up between the rivals makes Ford the first major automaker to embrace…
By Aditya Soni (Reuters) -Nvidia Corp surged 24% on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI. The surge more than doubled the stock’s value for this year and increased…
(Reuters) – Volkswagen and its Audi unit have agreed to an $85 million settlement in principle over violations of Texas environmental laws stemming from its diesel cheating scandal, Texas Attorney General Ken Paxton said Thursday. Paxton said the settlement stipulates that the German automakers pay a civil penalty of $85 million for their unlawful actions. Earlier…
By Karen Freifeld WASHINGTON (Reuters) – The head of the House Financial Services Committee on Thursday asked the Biden administration for details about its outbound investment proposal, including why investment restrictions would be more effective than export controls or sanctions. Republican U.S. Representative Patrick McHenry, whose panel has a wide remit over financial matters and…
