AI-focused manufacturing startup raises $106 million, from Nvidia and others
By Max A. Cherney (Reuters) - Software and robotics startup Bright Machines raised $106 million in a Series C funding round that included Nvidia and Microsoft as investors, the company said on Tuesday. The San Francisco-based company makes equipmen...
17h ago
Analysis-Engine maker's Boeing dilemma helped to stall Airbus's output plans
By Tim Hepher PARIS (Reuters) - Engine maker CFM's wariness to ramp up supplies significantly to Airbus at a time of stress for its other key customer Boeing was likely a factor in Airbus' move to delay planned jet output increases, industry source...
17h ago
Inflation in Canada unexpectedly sped up in May, clouding July rate cut chances
OTTAWA (Reuters) - Canada's annual inflation rate unexpectedly accelerated to 2.9% in May, largely on higher prices for services, while key measures of core inflation edged up for the first time in 5 months, data showed on Tuesday, in an unfavorabl...
18h ago
AI startup Etched raises $120 million to develop specialized chip
By Max A. Cherney SAN FRANCISCO (Reuters) - Artificial-intelligence startup Etched said on Tuesday it has raised $120 million in a series-A funding round that the company plans to use to further develop its specialized chip. The San Francisco-based...
18h ago
China welcomes US dairy firms expanding in the country, vice minister says
BEIJING (Reuters) - China welcomes dairy companies from all countries, including the U.S., to expand their business in the Chinese market, Vice Minister of Commerce Wang Shouwen said on Tuesday. Wang made the remarks when meeting with U.S. Dairy Ex...
18h ago
Fed's Bowman: need steady policy rate 'for some time' to beat inflation
By Ann Saphir (Reuters) - U.S. Federal Reserve Governor Michelle Bowman on Tuesday reiterated her view that holding the policy rate steady "for some time" will likely be enough to bring inflation under control, but also repeated her willingness to ...
19h ago
Nasdaq futures rise as Nvidia stabilizes after AI stocks rout
(Reuters) - Nasdaq futures climbed on Tuesday as Nvidia and other AI-linked stocks firmed after a bruising selloff, while investors awaited further cues on the monetary policy path based on remarks by U.S. Federal Reserve officials this week. AI ch...
20h ago
Lufthansa raises ticket prices to meet environmental requirements
(Reuters) -Lufthansa will increase ticket prices on all flights departing from EU countries, Britain, Norway and Switzerland by between 1 euro and 72 euros($1.07-$77.24) as environmental costs rise, the company said on Tuesday. The airline said the sur...
20h ago
Morning Bid: Nvidia's half trillion hiccup; Bitcoin, China slide
A look at the day ahead in U.S. and global markets from Mike Dolan In an glimpse at how megacap tails wag the dog, a near half-trillion dollar shakeout in AI-bellwether Nvidia's market cap in just a week continued to drag on the entire market even thou...
20h ago
Delaware law to allow big investors greater sway over US corporate boards
By Tom Hals WILMINGTON, Delaware (Reuters) - Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms. State lawmake...
20h ago
Ford to recall more than 550,000 vehicles, US safety regulator says
(Reuters) - Ford Motor is recalling 552,188 of its 2014 F-150 vehicles in the U.S., due to an issue which may lead the vehicle to unexpectedly downshift into the first gear, the National Highway Traffic Safety Administration said on Tuesday. A loss...
20h ago
Nissan to start producing EVs for Dongfeng Motor by year-end, Nikkei reports
TOKYO (Reuters) - Nissan Motor will produce electric vehicles (EVs) for China's Dongfeng Motor at its Wuhan factory by the end of the year, the Nikkei newspaper reported on Tuesday. By producing EVs for Dongfeng, Nissan aims to increase the operati...
20h ago
FTX seeks creditor votes on bankruptcy wind-down payments
By Dietrich Knauth NEW YORK (Reuters) - FTX on Tuesday will ask a judge to allow customers of the bankrupt crypto exchange to vote on a liquidation plan that would pay them back in cash, over the objections of some customers who have demanded highe...
20h ago
EU charges Microsoft with abusive bundling of Teams with Office
By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators on Tuesday charged Microsoft of illegally bundling its chat and video app Teams with its Office product and say that recent moves by the U.S. tech giant to unbundle the package were suffi...
21h ago
Tesla recalls nearly 12,000 Cybertruck electric pickup trucks
(Reuters) - Tesla is recalling 11,688 Cybertruck electric pickup trucks as a failure of the windshield wiper could reduce visibility, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said. The electric...
21h ago
Exxon-led Guyana oil group's net jumps in 2023, margins top Nvidia's
By Kemol King and Sabrina Valle GEORGETOWN/HOUSTON (Reuters) - Guyana's lucrative agreement with an Exxon Mobil-led consortium in the South American country last year generated $6.33 billion for the partners, government data showed, yielding a net ...
21h ago
European shares open lower on Airbus, tech drag
(Reuters) - European shares opened lower on Tuesday, as industrial stocks came under pressure following Airbus's dour update, while technology shares slumped tracking an overnight selloff on Wall Street. The continent-wide STOXX 600 fell 0.3% by 07...
22h ago
Decision on Germany's 2025 budget postponed, say government sources
BERLIN (Reuters) - The German government no longer expects the cabinet to reach an agreement on the 2025 draft budget by a July 3 deadline, government sources told Reuters on Tuesday. July 17 is now being considered as the new date, which would mea...
22h ago
China urges EU to revoke sanctions on Chinese firms over Russian links
BEIJING (Reuters) - China on Tuesday urged the European Union to revoke sanctions on Chinese companies for what it believes is supporting Russia's war in Ukraine. China always opposes unilateral sanctions, and has made solemn representations to the...
22h ago
Chinese developer Shimao sweetens debt revamp terms ahead of liquidation hearing, sources say
By Xie Yu and Clare Jim HONG KONG (Reuters) - Shimao Group has sweetened its offshore debt restructuring terms to garner support from creditors, said three sources, as the Chinese property developer scrambles to fend off a liquidation petition file...
23h ago
Veteran BOJ watcher warns Japanese households facing more pain from weak yen
By Leika Kihara TOKYO (Reuters) - Japanese households are bearing the brunt of the central bank's snail-pace normalisation of loose monetary policy which is giving investors a perfect excuse to push down the yen, Izuru Kato, a prominent Bank of Jap...
23h ago
South African rand claws back some losses on reports cabinet talks progress
JOHANNESBURG (Reuters) - The South African rand clawed back some losses in early trade on Tuesday, as local media reported progress in negotiations over cabinet positions between the two biggest parties in the unity government. At 0650 GMT, the ran...
23h ago
Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows
TOKYO (Reuters) - Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japanese automaker disclosed in a regulatory filing on Tuesday. The world's top-selling automaker sold 325.9 billion yen ($2...
Jun 25, 2024
India kicks off $11.5 billion spectrum auction; analysts expect lacklustre bidding
India has offered telecom spectrum worth around 962.38 billion rupees ($11.53 billion) for auction on Tuesday, it said in a release, even as analysts expect lacklustre participation from players as they shore up their existing spectrum. A total of 10 G...
Jun 25, 2024
Eurofins denies short seller's allegations after share slump
(Reuters) -Eurofins on Tuesday denied allegations made by short seller Muddy Waters that questioned its financial reporting and sent its shares down 16% on Monday, adding it would provide a detailed list on the points raised in the report "in due cours...
Jun 25, 2024