OXFORD, England, June 20 (Reuters) – For Ros Deegan, the excitement of raising $100 million to develop a biotech company among Oxford’s dream spiers has quickly dampened: unable to find a bigger lab , she regularly had to work from home. Not far away, in the rival university center of Cambridge, biochemist Catherine Elton, constantly … Read more
HONG KONG/SHENZHEN, China, June 20 (Reuters) – Psst! Where can a Chinese buyer buy Nvidia (NVDA.O) high-end AI chips following US sanctions? Visiting the famous Huaqiangbei electronics district in the city of Shenzhen, southern China, is a good bet – in particular, the skyscraper SEG Plaza whose first 10 floors are full of shops selling … Read more
(1/2) A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th Paris International Air Show at Le Bourget airport near Paris, France, June 19, 2023. REUTERS / Benoit Tessier IndiGo signs deal for 500 Airbus planes Jet makers face supply challenges to … Read more
Nikkei slips, yen at 7-month low after BOJ meeting China expected to cut rates after disappointing growth US closed for holidays, awaiting Powell testimonies BOE set to hike rates 25 basis points on Thursday, oil crashes SYDNEY, June 19 (Reuters) – Asian stocks started cautiously on Monday after their best weekly run in five months, … Read more
MSCI Asia ex-Japan hits highest level since April 21 Fed expected to back off rate hike this week Oil slides more than 1% on China worries SINGAPORE, June 12 (Reuters) – Asian stocks stalled in cautious trading on Monday as investors braced for central bank decisions in Europe, Japan and the United States this week, … Read more
(1/3) The DAX chart of the German stock price index is pictured on the stock exchange in Frankfurt, Germany, June 5, 2023. REUTERS/Staff European stocks come out of the red Bond markets reassess rate expectations after Canada surprise The Turkish lira stabilizes after a 7% fall on Wednesday LONDON, June 8 (Reuters) – Borrowing costs … Read more
SINGAPORE, June 6 (Reuters) – Asian stocks rose on Tuesday as weak U.S. economic data bolstered expectations that the Federal Reserve could ignore an interest rate hike at its meeting next week. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.17%, brushing off earlier losses, while Tokyo’s Nikkei (.N225) gained 0.65%. Futures indicated … Read more
Asian scholarships: Nikkei up 1.6% to break key level; high dollar Oil prices pare gains after sharp Saudi production cuts Markets bet Fed will pause in June, sees risk of July hike SYDNEY, June 5 (Reuters) – Most Asian stock markets extended their global rally on Monday on suspicion that the Federal Reserve would suspend … Read more
SYDNEY, May 30 (Reuters) – Asian stocks lost their first gains on Tuesday as relief that a possible U.S. government default had been averted gave way to fears that the debt ceiling suspension agreement is not a compromise that would have negative consequences. The package still needs to be approved by the Republican-controlled House of … Read more
No fault on the part of the Temasek investment team The team, senior management took “collective responsibility” Temasek did not specify the amount of the reduced compensation May 29 (Reuters) – Singapore’s Temasek Holdings (TEM.UL) said it had cut pay for the team that recommended investing in now bankrupt cryptocurrency exchange FTX and senior management, … Read more
