LONDON (Reuters) – The cost of insuring against a U.S. default rose to its highest since early 2009 on Thursday, in the latest sign of investor nerves over the debt ceiling standoff. U.S. 5-year sovereign credit default swaps rose to 74 basis points, according to data from S&P Global Market Intelligence, up from 73 basis…
By Andrew Hay (Reuters) – The prop supplier for “Rust” said the movie’s armorer told him that before the production she bought the same type of ammunition as the live round that killed the cinematographer during filming in 2021, according to sheriff’s office records. Armorer Hannah Gutierrez-Reed is the only person still facing charges in…
By Andrea Shalal NIIGATA, Japan (Reuters) – Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina’s economic challenges and a major drought there could affect the country’s “political destiny” and usher in an extremist government. “We are worried because this situation may affect the political destiny of Argentina,” Haddad told U.S. Treasury…
By Leika Kihara NIIGATA, Japan (Reuters) – Calm has returned to the global financial system after the recent failure of several U.S. banks, but Group of Seven (G7) finance leaders will communicate closely to respond to any renewed instability, Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday. Ueda also said there was no…
LONDON (Reuters) – Martin Sorrell’s S4 Capital said artificial intelligence (AI) was helping the advertising group to become more efficient and navigate pressure from clients seeking to cut costs. S4, founded by the ad boss after he left WPP, reiterated its full-year net revenue outlook after the first quarter, saying growth was driven by U.S….
BEIJING (Reuters) – China will resolutely object if the U.S. restricts its firms from investing in Chinese semiconductor industry, said Shu Jueting, a spokesperson at China’s commerce ministry on Thursday. Shu said at a news briefing that such U.S. behaviors will affect companies’ normal operation and damage the international economic and trade order. (Reporting by…
BERLIN (Reuters) – Deutsche Telekom slightly raised its full-year operating profit target on Thursday after reporting a small bump in first-quarter revenue and profit that was in line with expectations. The group now expects adjusted operating profit (EBITDA AL) to now reach 40.9 billion euros ($45.02 billion) in 2023, from previous guidance of 40.8 billion…
By Jeffrey Dastin MOUNTAIN VIEW, California (Reuters) – The financial report you read, the apparel marketing you see and the chat assistant you engage may soon reflect a common origin: artificial intelligence from Google. The cloud division inside Alphabet Inc is lining up customers to put its newest technology to the test, so-called generative AI…
By Jeffrey Dastin and Greg Bensinger MOUNTAIN VIEW, California (Reuters) – Alphabet Inc’s Google is rolling out more artificial intelligence for its core search product, hoping to create some of the same consumer excitement generated by Microsoft Corp’s update to rival search engine Bing in recent months. At its annual I/O conference in Mountain View,…
By Anna Tong (Reuters) – Alphabet Inc’s Google on Wednesday demonstrated an updated core search product that embeds more AI in its answers as the company looks to banish doubts that it is losing ground to Microsoft Corp’s OpenAI-powered Bing search. Google already has a Bard chatbot that competes with ChatGPT, the chatbot from OpenAI…
