By Samuel Shen and Jiaxing Li SHANGHAI/HONGKONG (Reuters) – Chinese investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead to a boom in the sector and give the initiative to China in an intensifying Sino-U.S. technology war. Feverish buying has pumped up shares of Chinese chipmakers, software…
By Wayne Cole and Amanda Cooper SYDNEY/LONDON (Reuters) – U.S. stock futures fell on Wednesday after disappointing earnings from Alphabet, while the dollar took a dive against the yen, which rallied sharply after Japanese wage data upped the chances of another rate hike. Investors shrugged off comments from President Donald Trump that the U.S. would…
DUBAI (Reuters) -Iran’s foreign policy is driven by dignity, wisdom and interest, a government spokesperson said on Wednesday, in response to U.S. President Donald Trump saying that Washington was ready to reach out to Tehran. “Our foreign policy has always been driven by the following principles: dignity for our country and people, wisdom […] and…
(Reuters) – Goldman Sachs on Tuesday said it expects Beijing’s retaliatory tariffs in response to new U.S. restrictions against Chinese goods to have only limited impact on energy prices. Minutes after U.S. President Donald Trump’s 10% tariff on Chinese goods kicked in at 12:01 a.m. ET (0501 GMT), China’s finance ministry said it would impose…
STORY: The three major U.S. stock indexes closed higher on Tuesday, aided by energy stocks, while investors saw reason for optimism for a trade breakthrough between the U.S. and China after President Donald Trump delayed tariffs for Canada and Mexico. The Dow added three tenths of one percent while the S&P 500 gained seven tenths,…
By Jiaxing Li SHANGHAI/HONG KONG (Reuters) – China’s markets return from a week’s break on Wednesday to a fresh trade dispute with the United States and ructions in the global artificial intelligence sector. Investors said they are watching for what Beijing would do to bolster confidence. The early signs point to a measured open for…
A signboard displays the TSX close in Toronto on Friday, June 4, 2021. THE CANADIAN PRESS/Frank Gunn · The Canadian Press U.S. President Donald Trump’s attempt to recast American foreign trade has been a rollercoaster ride for Canadian investors. For those looking to tune out the noise from south of the border, CIBC Capital Markets…
By Ashitha Shivaprasad, Amy Lv and Lewis Jackson (Reuters) – China announced sweeping export restrictions on Tuesday targeting five metals used across defence, clean energy and other industries minutes after an additional 10% tariff on Chinese goods imposed by U.S. President Donald Trump came into effect. Here is what you need to know about these…
SINGAPORE (Reuters) – China is the world’s top energy importer but its purchases from the United States are relatively modest, blunting the impact of Beijing’s move on Tuesday to slap retaliatory tariffs on imports of U.S. crude oil, liquefied natural gas (LNG) and coal. Shortly after tariffs on China imposed by U.S. President Donald Trump…
BRUSSELS (Reuters) -Greenland is not for sale, Danish Prime Minister Mette Fredriksen said on Monday, after U.S. Secretary of State Marco Rubio said last week that President Donald Trump’s interest in acquiring the island was “not a joke”. “Greenland is today a part of the kingdom of Denmark. It is part of our territory, and…