By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors, nine sources familiar with its plans told Reuters. The dominant global designer and supplier of AI chips aims to capture a…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said it can now meet the federal government’s payment obligations after a debt ceiling suspension, following earlier warnings that it would run short of funds on Monday if Congress failed to act. “Now that Congress has acted to suspend the debt limit, Treasury has the tools…
By Luana Maria Benedito and Gabriel Burin SAO PAULO/BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its key interest rate unchanged on Wednesday for the last time in a policy hold period that began last year, according to a Reuters poll of economists who expect the first rate reduction to come soon….
By Byron Kaye and Renju Jose SYDNEY (Reuters) -Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in what would be one of the world’s toughest regimes for the startup sector. The move would put companies like Afterpay, owned…
By Philip Pullella and Angelo Amante ROME (Reuters) -Pope Francis’ recovery from surgery is going well but doctors advised him not to deliver his Sunday blessing from a hospital balcony to avoid strain on his abdomen. Briefing reporters at the Gemelli hospital on Saturday, chief surgeon Sergio Alfieri also said the 86-year-old had agreed with…
(Reuters) – U.S. regulators are willing to consider the prospect of the government backstopping losses at Silicon Valley Bank and Signature Bank if it helps push through a sale, the Financial Times reported on Friday, citing people briefed on the matter. Sources told Reuters on Wednesday that regulators at the U.S. Federal Deposit Insurance Corp…
HONG KONG/BEIJING (Reuters) – Chinese regulators have asked some of the country’s U.S.-listed firms, including Alibaba, Baidu and JD.com, to prepare for more audit disclosures, sources said, as Beijing steps up efforts to ensure domestic companies remain listed in New York. This comes as China’s regulators are considering a proposal to allow their U.S. counterparts…
(Reuters) – Two of the Federal Reserve’s most outspoken policy hawks on Friday pushed back on the view that the U.S. central bank has missed the boat on the fight against high inflation, citing a tightening of financial conditions that began well before the Fed began raising interest rates in March. “How far behind the…
A look at the day ahead in European and global markets from Tom Westbrook A month-long risky-asset rally, in the absence of any further banks collapsing, seems to be running out of steam as economic data offers few excuses for confidence. Softening second-tier data in the U.S. on Thursday put a bid under bonds for…
By Rowena Edwards LONDON (Reuters) -Oil prices fell for a third trading session on Wednesday as concerns about fuel demand were stoked by expectations that minutes due from the U.S. Federal Reserve will indicate a need to hike interest rates. Brent crude futures for April delivery fell $1.13, or 1.36%, to $81.92 a barrel by…
