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News
Nepal tunnel survivor finds solace in village homecoming
16+ hour, 36+ min ago (447+ words) TILATHI KOILADI, Nepal, Sept 13 (Reuters) – After nine days trapped in a hydropower tunnel and a week of hospital care following his dramatic rescue, Sanjay Sah, a rare survivor of last month’s devastating glacier collapse in Nepal, finally returned to his…...
South Korea’s expanded espionage law takes effect amid push to protect chip technology | The Mighty 790 KFGO | KFGO
1+ day, 6+ hour ago (269+ words) SEOUL, Sept 13 (Reuters) – South Korea’s expanded espionage law takes effect on Sunday, broadening espionage offences beyond acts involving North Korea to include all foreign countries as Seoul seeks to protect key technologies amid intensifying competition in semiconductors and other strategic…...
Tencent-backed Enflame triples in Shanghai debut as China AI chip bets surge
3+ day, 5+ hour ago (444+ words) By Yantoultra Ngui and Samuel Shen HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology surged about 200% in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering. The…...
Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports
3+ day, 9+ hour ago (89+ words) The Mighty 790 KFGO Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports Sept 10 (Reuters) – The Pentagon is in talks to lend roughly $5 billion to AI cloud-computing startup Fluidstack to shore up the U.S. data-center supply…...
JD.com’s Ceconomy concessions face criticism from rivals, sources say
3+ day, 15+ hour ago (210+ words) BRUSSELS, Sept 10 (Reuters) – JD.com’s concessions to ease EU subsidy concerns about the Chinese e-commerce giant’s $2.5 billion purchase of German electronics retailer Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters. They said the European Commission,…...
US wholesale inventories surge in July
3+ day, 15+ hour ago (193+ words) WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said. Inventories,…...
EU watchdog flags risk of abrupt market correction | The Mighty 790 KFGO | KFGO
3+ day, 17+ hour ago (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy…...
Hormuz shipping traffic in single digits, data shows
4+ day, 2+ hour ago (185+ words) SINGAPORE, Sept 10 (Reuters) – Vessel transits at the Strait of Hormuz fell slightly on Wednesday to seven, compared with the previous day’s 12, preliminary shiptracking data showed on Thursday, with levels also lower than the 10-day average of 14. Out of these seven,…...
S&P 500, Nasdaq futures extend losses slightly after August PPI data
3+ day, 17+ hour ago (132+ words) The Mighty 790 KFGO S&P 500, Nasdaq futures extend losses slightly after August PPI data Sept 10 (Reuters) – The S&P 500 and Nasdaq futures extended losses slightly on Thursday after producer prices data for August. A Labor Department report showed the Producer…...
Morning Bid: Forever war?
3+ day, 19+ hour ago (527+ words) Sept 10 (Reuters) – Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November’s midterm elections. That came amid the most intense attacks on Gulf shipping in the…...