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GLOBAL CORPORATE
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As Artificial intelligence transforms the way we live, growing appetite for data centres is pushing the companies to look beyond the resources on Earth.
Space-based data centres promise virtually unlimited solar energy and room to grow without competing for land. SpaceX CEO Elon Musk is targeting a launch as...
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China's finance ministry will lead a combined $54 billion in capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.
China Life Insurance (Group) Co, the country's largest life insurer, will receiv...
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Foxconn's third-quarter ?performance ?is expected to outperform ?market expectations given strong AI-related demand, the ?Taiwanese contract electronics maker said on Saturday, though it offered ?caution about "volatile" global politics.
Foxconn, ?Nvidia's biggest server maker and a major Apple ?supplier, ...
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A shortage of fuel oil used in ?ships ?and power plants looms in the third quarter ?as refiners increasingly squeezed by wars that have disrupted both crude processing and tanker traffic prioritise output of diesel and ?other products at its expense.
While crude oil has avoided major price spikes in recent...
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China, the ?world's ?largest manufacturer of ?batteries for energy storage, has temporarily suspended ?approvals for new factories, Chinese financial news outlet Cailianshe reported ?on Saturday.
• The pause ?comes as authorities conduct a review of existing ?and ?planned energy storage production capacity...
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GLOBAL ECONOMY
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?Venezuela's ?inflation slowed ?to ?8.9% ?in ?August, central ?bank data showed ?on ?Friday, ?down ?from ?19.9% the previous ?month.
Year-on-year ?inflation ?stood ?at 534.21%, according to ?Reuters calculations based on ?the ...
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Britain's Treasury said on ?Friday ?that it would lower ?a key rate used to evaluate the long-term benefits ?of investment in public infrastructure projects as part of plans to ?boost investment across the country.
• ?The disco...
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South Korea's ?exports ?have reached $709.4 billion so ?far this year, surpassing last year's annual ?record, the customs office said on Saturday, as the economy ?rides high on booming ?global demand for AI chips.
The country's...
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Britain's finance minister, John ?Healey, ?will use his first ?major speech since taking office seven weeks ago to set ?out how Prime Minister Andy Burnham's plan to devolve power away from central ?government can help revive gro...
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Japan's ?foreign ?reserves posted their biggest-ever ?drop in August, government data showed on Monday, after ?Tokyo launched another round of record dollar-selling, yen-buying intervention to stem persistent ?weakness in its curr...
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The dollar was on shaky ground ?on ?Monday, despite a ramp-up in U.S. rate ?hike bets as Middle East tensions raised the prospect of broader inflationary pressures that could ?force global central banks to tighten policy in tandem...
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A look at the day ahead in European and global ?markets ?from Wayne Cole.
It's been a patchy start ?to the week with tech leading Asian shares higher, while European and Wall Street ?futures barely budge. Semiconductor makers' ...
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China's exports likely grew at ?a ?faster pace in August, ?a Reuters poll showed, indicating that the world's second-largest economy will ?continue to rely on external demand to shore up growth as domestic weaknesses persisted.
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German ?industrial production fell ?unexpectedly in July, due to a ?sharp decline in production in the automotive sector.
Industrial ?production fell by 1.1% ?compared to the previous month, ?the ?federal statistics office said...
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