World stocks hit record high as bond yields ease
TOKYO (Reuters) -Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly as the economy reopens.
Microsoft to buy AI firm Nuance Communications in $19.7 billion deal in healthcare push
(Reuters) -Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc in a $19.7 billion deal including net debt, as it seeks to bolster its cloud strategy for healthcare. The deal comes as both companies, which partnered in 2019 to automate clinical administrative work such as documentation, gain […]
China March new bank loans rise but broad credit growth eases
BEIJING (Reuters) – New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks. Chinese banks extended 2.73 trillion yuan ($416.62 billion)in new yuan loans in March, up […]
Dollar bounce loses steam; AstraZeneca worries dent sterling
SINGAPORE (Reuters) – The dollar advanced slightly on Friday but was headed for its softest week of the year as strong data in Europe, surprisingly weak U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to trim bets on the greenback. The euro and yen are also poised for their largest weekly […]
Exclusive: China’s Didi picks Goldman, Morgan Stanley for mega U.S. IPO – sources
HONG KONG (Reuters) – China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans to file confidentially for the New York float this month, two people with knowledge of the matter said. Didi, backed by Asian technology investment giants SoftBank, Alibaba and Tencent, is looking […]
South Korea unveils prototype of KF-X fighter jet
SEOUL (Reuters) – South Korea on Friday unveiled the first prototype of the KF-X fighter jet it is developing with Indonesia, amid lingering uncertainty over the future of Jakarta’s role in the project. The next-generation aircraft being developed by Korea Aerospace Industries Ltd (KAI) is designed to be a cheaper, less-stealthy alternative to the U.S.-built […]
Exclusive: Roughly 500 ballots challenged in Amazon’s landmark union election
(Reuters) – Roughly 500 ballots submitted in Amazon.com Inc’s landmark union election have been challenged in a contest that will determine whether an Alabama warehouse becomes the online retailer’s first organized workplace in the United States, people familiar with the matter said. With about half of roughly 3,200 ballots counted, the election is currently poised […]
Prosus nets $14.6 billion from sale of Tencent stake
AMSTERDAM (Reuters) – Amsterdam-based technology investor Prosus NV has netted $14.6 billion from the sale of a 2% stake in Tencent Holdings Ltd, the Chinese gaming and social media giant said, in one of the world’s largest ever block trades. “Our belief in Tencent and its management team is steadfast, but we also need to […]
Apple to argue it faces competition in video game market in Epic lawsuit
(Reuters) – Apple Inc said it plans to argue that it faces abundant competition in the market for video game transactions to defend itself against antitrust allegations by “Fortnite” maker Epic Games, the iPhone maker said on Thursday. Epic sued Apple last year in federal court in California, alleging the 15% to 30% commissions that […]
Asia shares loiter as S&P futures climb fresh peak
SYDNEY (Reuters) – Asian share markets lagged on Thursday as U.S. stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, and also little changed on the week. […]
