12+ hour, 42+ min ago   (269+ words) SEOUL, Sept 13 (Reuters) – South Korea’s expanded espionage law takes effect on Sunday, broadening espionage offences beyond acts involving North Korea to include all foreign countries as Seoul seeks to protect key technologies ​amid intensifying competition in semiconductors and other strategic…...

2+ day, 11+ hour ago   (444+ words) By Yantoultra Ngui and Samuel Shen HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology surged about 200% in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public ​offering. The…...

2+ day, 15+ hour ago   (89+ words) The Mighty 790 KFGO Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports 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…...

2+ day, 22+ hour ago   (526+ words) By Oliver Hirt and Marleen Kaesebier ZURICH, Sept 10 (Reuters) – A major shareholder in Novartis has called for a shake-up of the Swiss drugmaker’s board to improve corporate governance after its shares suffered a record fall this week following back-to-back trial…...

2+ day, 22+ hour ago   (210+ words) BRUSSELS, Sept 10 (Reuters) – JD.com’s concessions to ease EU subsidy concerns about the Chinese e-commerce giant’s $2.5 ​billion purchase of German electronics retailer ‌Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters. They said the European Commission,…...

2+ day, 21+ hour ago   (193+ words) WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning ​inventories to contribute to economic growth ‌in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said. Inventories,…...

3+ day, 20+ min ago   (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s ​financial watchdog said on Thursday, citing conflict in ‌the Middle East and rising energy…...

3+ day, 9+ hour ago   (185+ words) SINGAPORE, Sept 10 (Reuters) – Vessel transits at the Strait of Hormuz fell slightly on Wednesday to seven, ​compared with the previous ‌day’s 12, preliminary shiptracking data showed on Thursday, with levels also lower than the 10-day average of 14. Out of these seven,…...

3+ day, 30+ min ago   (132+ words) The Mighty 790 KFGO S&P 500, Nasdaq futures extend losses slightly after August PPI data Sept 10 (Reuters) – The S&P 500 and Nasdaq ​futures extended losses slightly on Thursday after producer prices data for August. A ​Labor ⁠Department report showed ⁠the Producer…...

3+ day, 2+ hour ago   (527+ words) Sept 10 (Reuters) – Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November’s midterm elections. That came amid the most intense attacks on Gulf shipping in the…...