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China’s Ligent Technologies seeks $723 million in Hong Kong IPO
2+ hour, 3+ min ago (139+ words) Sept 14 (Reuters) – China’s Ligent Technologies is looking to raise HK$5.67 billion ($723.02 million) through an initial public offering in Hong Kong, according to a filing with the exchange on Monday. The optical communications equipment maker is offering 172 million shares at an…...
China’s Z.AI raises $5 billion from new share, convertible bond sales, filing shows
13+ hour, 48+ min ago (296+ words) HONG KONG, Sept 13 (Reuters) – Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a…...
Speculators turn net long on yen for first time since February
21+ hour, 42+ min ago (148+ words) TOKYO, Sept 13 (Reuters) – Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday, a display of growing momentum behind Japan’s beleaguered currency. The yen has surged this month on…...
Boeing and engineers’ union reach tentative contract agreement
2+ day, 52+ min ago (66+ words) SEATTLE, Sept 11 (Reuters) - Boeing and its engineering union reached a tentative contract agreement on Friday, union officials said. (Reporting by Dan Catchpole in Seattle; Editing by Tom Hogue)... Boeing and engineers’ union reach tentative contract agreement SEATTLE, Sept 11 (Reuters) – Boeing…...
Japan to maintain close communication with US on currency markets, Katayama says
2+ day, 22+ hour ago (130+ words) TOKYO, Sept 11 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Friday that the government will continue to closely communicate with the United States to ensure orderly foreign exchange markets. “Our policy stance has not changed at all since Japan and…...
Japan core inflation seen steady at 1.8% in August: Reuters poll
2+ day, 22+ hour ago (258+ words) TOKYO, Sept 11 (Reuters) – Japan’s core consumer inflation likely held steady in August as the impact of higher oil prices from the Middle East conflict was offset by government subsidies, a Reuters poll showed on Friday. Here are a few details:…...
Tencent-backed Enflame surges 188% in Shanghai debut after $912 million IPO
2+ day, 23+ hour ago (135+ words) HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology opened 188% higher in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering. The stock opened at 410 yuan versus its…...
Japan’s wholesale inflation stays elevated in August, boosts case for rate hike
3+ day, 22+ min ago (311+ words) TOKYO, Sept 11 (Reuters) – Japan’s wholesale inflation remained elevated in August, data showed on Friday, highlighting mounting price pressures that cement the case for the central bank to raise interest rates this month. The data follows recent hawkish communication from the…...
New Zealand August manufacturing activity eases but stays in expansion territory
3+ day, 2+ hour ago (155+ words) SYDNEY, Sept 11 (Reuters) - New Zealand's manufacturing activity continued to expand in August, though at a slower pace than the previous month, as businesses cited cost-of-living pressures and the Middle East conflict as factors weighing on gro... SYDNEY, Sept 11 (Reuters) â…...
Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports
3+ day, 2+ hour ago (110+ words) 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 chain, the Wall Street Journal reported on Thursday, citing people familiar with the m... Pentagon in…...