Morning Bid: AI buzzes but market shrugs at Nvidia beat

Morning Bid: AI buzzes but market shrugs at Nvidia beat

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan The mercurial world of … Read more

Morning Bid: Rallying Nikkei on the cusp of a breakout

Morning Bid: Rallying Nikkei on the cusp of a breakout

Passersby wait at a crossing in front of an electronic board showing Japan’s Nikkei average outside a brokerage, in Tokyo, Japan, March 17, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing Rights Nov 21 (Reuters) – A look at the day ahead in Asian markets from Alden Bentley, U.S. Breaking News Editor for Finance and Markets. A … Read more

Exclusive: Germany, France and Italy reach agreement on future AI regulation

Exclusive: Germany, France and Italy reach agreement on future AI regulation

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights No sanctions should be imposed, joint paper says Commitments would involve large and small providers European authority would monitor compliance BERLIN, Nov 18 (Reuters) – France, Germany and Italy have reached an agreement … Read more

Cheap yuan catapults China to second-biggest trade funding currency

Cheap yuan catapults China to second-biggest trade funding currency

SHANGHAI/SINGAPORE, Nov 17 (Reuters) – Global companies are making a beeline for China’s debt markets, issuing record amounts of yuan-denominated bonds and borrowing heavily from mainland banks, capitalising on rock-bottom yuan interest rates as funding costs elsewhere jump. Companies and banks are raising record amounts of cash through yuan bonds issued in mainland China and … Read more

Exclusive: Three Fed governors tell US senator there is room to reduce balance sheet

Exclusive: Three Fed governors tell US senator there is room to reduce balance sheet

Federal Reserve Vice Chair Philip Jefferson speaks at a conference of the National Association for Business Economics in Dallas, Texas, U.S., October 9, 2023. REUTERS/Ann Saphir/File Photo Acquire Licensing Rights NEW YORK, Nov 16 (Reuters) – The three newest Federal Reserve governors, including Vice Chair Philip Jefferson, have told a U.S. senator it’s unclear how … Read more

Morning Bid: Murky US inflation picture

Morning Bid: Murky US inflation picture

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan If investors were wondering … Read more

How an executive’s arrest struck a blow to Japan-China business

How an executive’s arrest struck a blow to Japan-China business

TOKYO/BEIJING, Nov 14 (Reuters) – If Japanese Prime Minister Fumio Kishida meets Chinese President Xi Jinping for the first time in a year later this week, he will likely raise the case of a detained company executive that has dealt an outsized blow to their close economic ties. The employee of drugmaker Astellas Pharma (4503.T), … Read more

IPO laggards’ race to the bottom misses the target

IPO laggards’ race to the bottom misses the target

A view shows the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco Acquire Licensing Rights MILAN, Nov 10 (Reuters Breakingviews) – Italy is scrambling to make its … Read more

For global banks, India could soon be worth it

For global banks, India could soon be worth it

A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 7 (Reuters Breakingviews) – Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are … Read more

Exclusive: Cigna explores shedding Medicare Advantage business -sources

Exclusive: Cigna explores shedding Medicare Advantage business -sources

Signage for Cigna is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights NEW YORK, Nov 6 (Reuters) – U.S. health insurer Cigna Group (CI.N) is exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and … Read more