Exclusive: Credit Suisse sounds out investors about capital hike – sources
Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the fourth time in around seven years as it attempts a radical overhaul of its investment bank.
Analysis: U.S. ban on Nvidia, AMD chips seen boosting Chinese rivals
The U.S. ban on exports to China of Nvidia and AMD’s flagship artificial intelligence chips will create new business opportunities for domestic startups jockeying for a piece of China’s fast-growing data center chip market, industry executives and analysts told Reuters.
EXCLUSIVE Sea’s Shopee shuts operations in Argentina, Chile, Colombia, Mexico -sources
Sea Ltd’s (SE.N) e-commerce arm told employees on Thursday it was shutting local operations in Chile, Colombia and Mexico, and leaving Argentina entirely, according to three sources with direct knowledge of the matter and an internal email.
Oil drops as weak Chinese factory data heightens demand concerns
Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply adjustments.
Oil prices pushed up by low chances of OPEC+ supply boost
Oil prices rose in European trading on Friday as attention turned to next week’s OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost.
Oil prices fall as Libya resumes output, global demand outlook darkens
Oil prices fell on Friday on a weakening global demand outlook and the resumption of some Libyan crude oil output.
Nasdaq profits top Wall Street views as software services rise
Nasdaq Inc (NDAQ.O) on Wednesday reported quarterly profits that beat Wall Street expectations, as traders turned to the exchange operator’s investment-related products to navigate market volatility, helping drive up revenues.
Siemens to leave Russia due to Ukraine war, take hefty charge
Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) hit to its business during the second quarter, with more costs to come.
Analysis: U.S. trucking downturn foreshadows possible economic gloom
Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing.
Netflix feels the heat as pandemic boom fizzles
Netflix Inc (NFLX.O) shares lost more than a quarter of their value in premarket trading on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue.
