HSBC partners with Google Cloud to expand AI usage
LONDON, June 17 : HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building the British bank's artificial intelligence capabilities. The tie-up marks the latest step in HSBC CEO Georges Elhedery's drive to embrace the revenue-generating a ...
Japan manufacturers' sentiment rises for second month on chip-driven demand: Reuters Poll
TOKYO, June 17 : Japanese manufacturers' sentiment improved for the second consecutive month in June, as persistent semiconductor demand supported chemicals and machinery makers, the latest Reuters Tankan survey showed.The monthly poll, a leading indicator of the Bank of Japan's quarterly ...
Oil falls under US$80 as US-Iran deal set to add supply
Neither side has released the complete text of the agreement
Oil falls to three-month low as US-Iran deal set to add supply
The effective closure of Hormuz triggering the drawdown of commercial and strategic inventories
US asset managers file for first ETFs targeting Wall Street's new obsession, AI and the 'MANGOS'
June 16 : Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers disclosed plans to launch exchange-traded funds linked to the new AI-stock acronym that is all the buzz on Wall ...
Nasdaq and S&P 500 slip while Dow hits record close
Traders see the Fed holding rates through much of the year
European shares extend rally as investors await details of US-Iran agreement
Sectors that are expected to fare better during times of economic certainty did well in Europe on Tuesday
AT&T names Jennifer Biry as CFO from 2027, Desroches to retire
June 16 : Telecom provider AT&T said on Tuesday Pascal Desroches will retire as CFO at the end of 2026 and that Jennifer Biry would succeed him.Here are more details:• Jennifer Biry, the former CFO of McAfee, is set to become AT&T's CFO at the start of 2027, according to a company fil ...
Intel's new manufacturing tech enters initial production
June 16 : Intel on Tuesday said the new generation of its 18A manufacturing process has entered risk production, as the chipmaker sees strong demand for its central processors.By moving 18A-P into initial production, Intel is aiming to show it is following through on its manufacturing commitments, p ...
Trading Day: US stocks mixed, oil slides, SpaceX continues its ascent
NEW YORK, June 16 : Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-peace-deal slide.I will go into more detail on today's market moves below. If you have more time to re ...
Data center provider Csquare reports revenue rise in US IPO filing
June 16 : Data center provider Csquare on Tuesday revealed a rise in annual and quarterly revenue in its filing for an initial public offering in the U.S. Activity in the U.S. IPO market has seen a rebound as several sectors seek to capitalize on the investor enthusiasm for fresh stocks, with many c ...
Csquare files to go public in US
June 16 : Data center provider Csquare on Tuesday filed for an initial public offering in the United States. Activity in the U.S. IPO market has seen a rebound, with several sectors joining in to capitalize on the investor enthusiasm for fresh stocks.Elon Musk's SpaceX went public in New York o ...
Amazon may face penalties from potential FTC ad suit, Bloomberg News reports
June 16 : Amazon.com may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday.The FTC has a possible complaint against Amazon as part of an ongoing probe, Bloomberg re ...
Oracle says details in report of failed Microsoft cloud deal talks 'inaccurate'
June 16 : Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.The report had said that Microsoft's discussions with Oracle regarding a cloud infrastructure leasing deal have fallen apart ...
Microsoft's cloud infrastructure talks with Oracle collapse, Business Insider reports
June 16 : Microsoft's discussions with Oracle regarding a cloud infrastructure leasing deal, potentially valued at more than $3 billion, have fallen apart due to security and compliance concerns, Business Insider reported on Tuesday.
Oracle says details in report of failed Microsoft cloud deal 'inaccurate'
June 16 : Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.The report had said that Microsoft's discussions with Oracle regarding a cloud infrastructure leasing deal have fallen apart ...
Hacking group claims major hack of Novo Nordisk and attempted $25 million extortion
June 16 : A cyber extortion group claimed on Tuesday to have stolen more than a terabyte of data from pharmaceutical giant Novo Nordisk and said it is exploring selling parts of the data after unsuccessfully demanding $25 million from the company. FulcrumSec, a cyber extortion group that emerged in ...
Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure
June 16 : Snap CEO Evan Spiegel told Reuters the company's new Specs augmented-reality glasses are part of its long-term strategy, pushing back on activist investor demands to shut down or spin off the cash-burning unit behind the device.The Snapchat parent launched the device, its first consum ...
Snap bets on life beyond smartphones with $2,195 Specs augmented-reality glasses
June 16 : Snap on Tuesday launched its first augmented-reality glasses for consumers at a hefty price of $2,195, pitching the device as the future of how people interact with technology in the AI age.Unveiled at the Augmented World Expo in Long Beach, California, Specs mark a major bet by the social ...
Dutch transportation minister defends Tesla FSD approval
AMSTERDAM, June 16 : The Netherlands' transportation minister on Tuesday denied the country's influential RDW authority had relied on statistics submitted by Tesla as the basis of its approval of the company's "Full Self Driving (supervised)" software for use on Dutch roads. ...
Exclusive-Binance set to lose permission to operate in EU, sources say
FRANKFURT, June 16 : Binance, the world's largest crypto exchange, is set to lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters.Under new EU rules, called MiCA, crypto firms ha ...
EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
June 16 : EssilorLuxottica, the world's largest eyewear maker, has signed a long-term deal with U.S. chipmaking equipment company Applied Materials to develop augmented reality display technology and AI glasses, the companies said on Tuesday.
French store BHV ends partnership with retailer Shein, French media say
PARIS, June 16 : French department store BHV is ending its partnership with Chinese online fast fashion retailer Shein, French media reported on Tuesday.• The Societe des grands magasins, or SGM, which has been operating the BHV Marais, said it was selling the Parisian department store to its curr ...
Databricks strikes deal to buy Panther Labs in cybersecurity push
SAN FRANCISCO, June 16 : Databricks on Tuesday said it agreed to buy the startup Panther Labs, as the U.S. data analytics provider pushes deeper into the cybersecurity business.The acquisition, Databricks' third in this area, furthers its aim to compete with security management incumbents like ...
Yes, the universe's expansion is still accelerating, researchers say
WASHINGTON, June 16 : Taking a fresh look at data involving a specific type of stellar explosion, a team of researchers says it has confirmed the long-accepted notion that the universe is expanding at an accelerated rate - the very observation that led to the identification in the 1990s of an enigma ...
US stocks: Dow hits record high as oil slides; SpaceX soars
THE blue-chip Dow touched an intraday record high on Tuesday as oil prices slid further on optimism around a US-Iran peace deal,...
Yum to sell struggling Pizza Hut chain for US$2.7 billion
Pizza Hut’s share of Yum’s revenue has declined every year since 2019
EU rules out mandate to keep video games playable, seeks voluntary code
BRUSSELS, June 16 : The European Commission said on Tuesday it cannot require video games to remain playable after they are withdrawn from sale, but will work with industry and consumer groups on a voluntary code of conduct for managing games' "end of life".French consumer group UFC-Q ...
MPACT prices S$200 million of green bonds at 2.53%
Janice Lim - Moody’s has assigned a “Baa2” rating to these bonds
Binance set to lose EU licence bid, permission to offer services in the bloc: sources
The company believes it has met the relevant requirements to be MiCA authorised, a spokesperson said
SpaceX options debut pulls record demand as investors chase rocket stock
NEW YORK, June 16 : Trading in SpaceX options kicked off with record volume and bullish activity dominating on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk's aerospace company.Some 1.3 million SpaceX contracts traded by 2 p.m. ET (1800 GMT), handi ...
Options on SpaceX shares start trading in heavy volume
June 16 : Options on SpaceX started trading at a brisk pace on Tuesday, offering investors another avenue to bet on the future of the newly listed shares of Elon Musk's rocket company.Options allow investors to buy or sell an asset at a predetermined price within a set time period, and are used ...
SpaceX options debut in record volume, signaling strong investor interest
June 16 : Trading in SpaceX options kicked off with heavy volume on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk's aerospace company.More than half a million contracts changed hands in the first hour of trading as investors piled into the newly li ...
SpaceX options debut draws record volume as investors chase rocket stock
June 16 : Trading in SpaceX options kicked off with heavy volume on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk's aerospace company.More than half a million contracts changed hands in the first hour of trading as investors piled into the newly li ...
