By Ashitha Shivaprasad and Manya Saini (Reuters) -A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term.…
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -AI chipmaker Nvidia's stunning results sparked a worldwide wave of record highs in equity markets on Thursday, including the first new peak for Japan's Nikkei since 1989, while bond yields mostly…
(Reuters) - Aerospace giants including Airbus, Boeing and GE Aerospace on Thursday announced the formation of a coalition that would aim to prevent unauthorized parts from entering the global supply chain. The move comes after jet engine maker CFM International,…
SAO PAULO (Reuters) - Automaker Hyundai Motor is planning to invest more than $1.1 billion in Brazil by 2032, Brazilian President Luiz Inacio Lula da Silva said on Thursday. The announcement came after a meeting between Lula and Hyundai's Executive…
By Herbert Lash NEW YORK (Reuters) -Treasury yields rose on Wednesday after minutes from the Federal Reserve's last meeting showed concerns about cutting interest rates too soon, while global shares closed flat ahead of Nvidia results that could determine the…
By Jonathan Saul LONDON (Reuters) -A cargo ship abandoned four days ago in the Gulf of Aden after it was hit by missiles fired by Yemen's Houthis is still floating despite taking in water, and could be towed to nearby…
(Reuters) - U.S. smartphone sales plunged 10% in January on weak demand for cheaper Android devices and as customers delayed upgrades ahead of the launch of Samsung Electronics' Galaxy S24 series, according to data from Counterpoint Research. The research firm…
By Jorgelina do Rosario LONDON (Reuters) - Global debt levels hit a new record high of $313 trillion in 2023, with developing economies scaling a fresh peak for the ratio of debt to their gross domestic product, a study showed.…
By Niket Nishant, Manya Saini and Carolina Mandl (Reuters) -Capital One Financial's $35.3 billion deal for Discover Financial would create new competition for payments behemoths Visa and Mastercard, potentially helping smoothen the path for regulatory approval, analysts said. The all-stock…
By Christy Santhosh and Vaibhav Sadhamta (Reuters) -Medical device maker Medtronic raised annual profit forecast for the third time this fiscal year, after beating third-quarter expectations on Tuesday, helped by higher demand for its heart and diabetes devices. Demand for…