ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump on Sunday said he doesn’t think a foreign company should control U.S. Steel, repeating comments made last week that dimmed hopes for a greenlight of a $14 billion bid by Japan’s Nippon Steel to buy the U.S. firm. Trump said on Wednesday he did not...
By Scott Murdoch SYDNEY (Reuters) – Bally’s Corp considered waiting for Star Entertainment to enter voluntary administration before investing but feared the Australian casino group would have been too hard to rescue, the U.S gaming firm’s chairman, Soo Kim, told Reuters. Rhode Island-based Bally’s and the Mathieson family – Star’s largest investor – engineered a...
TOKYO (Reuters) – Japan must strengthen the yen, such as by helping boost the country’s industrial competitiveness, as the currency’s weakness has pushed up households’ living costs, the ruling party’s policy chief said on Sunday. Itsunori Onodera, chair of the Liberal Democratic Party’s Policy Research Council, also said Japan should not intentionally sell its U.S....
It’s been a rollercoaster of a week for investors. Markets around the world — including the US and Singapore — were rocked by fears of a full-blown trade war after Trump announced fresh tariffs. The Straits Times Index (STI) plunged 7.5% in just one week, and Singapore stocks saw a sharp sell-off last Friday that...
WASHINGTON (Reuters) – President Donald Trump’s administration could lay off workers at the U.S. Consumer Financial Protection Bureau (CFPB), but not abolish the agency, an appeals court ruled on Friday. The agency, created in the aftermath of the global financial crisis to police and regulate the consumer finance sector, has been in the crosshairs of...
(Reuters) -Binance executives met U.S. Treasury officials last month and discussed loosening government oversight of the company, while exploring a business deal with President Donald Trump’s crypto venture, World Liberty Financial, the Wall Street Journal said. Executives of the world’s largest cryptocurrency exchange asked Treasury officials to remove a U.S. monitor overseeing its compliance with...
By Kenrick Cai and Krystal Hu SAN FRANCISCO (Reuters) – Alphabet and Nvidia have joined prominent venture capital investors to back Safe Superintelligence (SSI), a startup co-founded by OpenAI’s former chief scientist Ilya Sutskever that has quickly risen to become one of the most valuable artificial intelligence startups months after its launch, a source familiar...
By Anna Tong SAN FRANCISCO (Reuters) – A dozen former OpenAI employees filed a legal brief on Friday backing co-founder Elon Musk’s lawsuit aimed at keeping the non-profit status of OpenAI, marking the latest development in the dispute over the future of the artificial intelligence firm. Corporate leaders want to give investors control, drawing a...
Welcome to this week’s edition of top stock market highlights. Vietnam trade talks President Trump has, at the eleventh hour, delayed imposing what it calls a reciprocal tariff on a long list of countries. Vietnam, in particular, was hit hard by a 46% tariff as the US announced a trade blitz last week. Both Vietnam...
(Reuters) – Meta Platforms will add former Republican official Dina Powell McCormick and fintech firm Stripe’s CEO Patrick Collison to its board, effective April 15, the social media company said on Friday. The Facebook parent said in a regulatory filing that it is increasing the size of its board to 15 members. Powell McCormick, who...
