Mideast wealth funds draw US scrutiny over China ties – Bloomberg News

Mideast wealth funds draw US scrutiny over China ties – Bloomberg News

Nov 24 (Reuters) – Middle Eastern wealth funds are facing greater U.S. scrutiny as part of a pushback on entities potentially having closer ties to China, Bloomberg News reported on Friday. The Committee on Foreign Investment in the United States is reviewing more than half a dozen deals on concerns of national security risks, including … Read more

India stocks set to hit new highs in 2024 as economy hums

India stocks set to hit new highs in 2024 as economy hums

A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 22 (Reuters) – India’s stock market will hit new highs in the next six months and rise over 10% from here by end-2024, driven by a sustained expansion … Read more

Exclusive: OpenAI researchers warned board of AI breakthrough ahead of CEO ouster, sources say

Exclusive: OpenAI researchers warned board of AI breakthrough ahead of CEO ouster, sources say

[1/2]Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. REUTERS/Julia Nikhinson/File Photo Acquire Licensing Rights Nov 22 (Reuters) – Ahead of OpenAI CEO Sam Altman’s four … Read more

India stocks set to hit new highs in 2024 as economy hums – Reuters poll

India stocks set to hit new highs in 2024 as economy hums – Reuters poll

A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 22 (Reuters) – India’s stock market will hit new highs in the next six months and rise over 10% from here by end-2024, driven by a sustained expansion … Read more

UK Stocks-Factors to watch on March 16

UK Stocks-Factors to watch on March 16

March 16 (Reuters) – Britain’s FTSE 100 index is seen opening up 16 points, or 0.26 percent, on Wednesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on * The UK blue chip index closed down 0.6 percent on Tuesday at 6,139.97, hurt by a drop in major mining … Read more

Wall St ends down after recent gains; retailers, tech weak

Wall St ends down after recent gains; retailers, tech weak

Best Buy down on weak outlook Kohl’s slips on quarterly sales miss NEW YORK, Nov 21 (Reuters) – U.S. stocks retreated on Tuesday and the S&P 500 snapped a five-session winning streak, with retailers down after some disappointing outlooks and technology shares falling. Indexes stayed lower after minutes from the latest Federal Reserve meeting showed … Read more

GM’s Cruise robo-taxi CEO resigns from company

GM’s Cruise robo-taxi CEO resigns from company

Kyle Vogt, chief technology officer, president & co-founder of Cruise, a Honda and General Motors self-driving car partnership, speaks on stage at the launch of the Cruise Origin autonomous vehicle in San Francisco, California, U.S. January 21, 2020. REUTERS/Stephen Lam/File Photo Acquire Licensing Rights Nov 19 – The CEO of General Motors’ robot-taxi unit Cruise, … Read more

Ousted OpenAI CEO Altman planning new AI venture, sources say

Ousted OpenAI CEO Altman planning new AI venture, sources say

Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023. REUTERS/Amir Cohen/File Photo Acquire Licensing Rights Nov 18 (Reuters) – Sam Altman, the recently ousted CEO of OpenAI, has been working on a new artificial intelligence venture he is planning to … 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

Environmental groups urge funding halt for TotalEnergies’ Mozambique project

Environmental groups urge funding halt for TotalEnergies’ Mozambique project

TotalEnergies signs are seen at a petrol station in Nice, France, October 10, 2022. REUTERS/Eric Gaillard/File Photo Acquire Licensing Rights CAPE TOWN, Nov 17 (Reuters) – Banks and other financiers should withdraw their support of TotalEnergies’ (TTEF.PA) $20 billion liquefied natural gas (LNG) terminal in Mozambique, environmental lobby groups urged in a letter sent to … Read more