newszine

Wall Street inches higher as Fed meeting convenes

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NEW YORK (Reuters) – Wall Street gained ground on Tuesday, with investors expecting the U.S. Federal Reserve to reaffirm its dovish stance as it began its two-day monetary policy meeting. FILE PHOTO: A trader passes by screens showing Spotify on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 13, Read More

On Japan Sea coast, small firm shows scars of China's economic woes

6 days ago DieselGasoil Comments Off on On Japan Sea coast, small firm shows scars of China's economic woes
JOETSU, Japan (Reuters) – In snow country along Japan’s northern coast, a small manufacturer of precision moulds is feeling the pain of China’s economic slowdown. Workers are seen at the factory of Nagumo Seisakusho Co., Ltd. in Jyoetsu, Niigata prefecture, Japan February 22, 2019. REUTERS/Tetsushi Kajimoto Orders have slowed to a trickle at Nagumo Seisakusho Read More

Wall Street snaps five-day losing streak despite Boeing's drop

1 week ago DieselGasoil Comments Off on Wall Street snaps five-day losing streak despite Boeing's drop
NEW YORK (Reuters) – U.S. stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing’s shares limited the Dow’s advance after a deadly airline crash in Ethiopia. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, Read More

Nvidia outbids Intel to buy Israel's Mellanox in data center push

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(Reuters) – U.S. chipmaker Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the firm boost its data center and supercomputer business. FILE PHOTO – The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Read More

Nvidia to buy Israel's Mellanox for $6.8 billion in data center push

1 week ago DieselGasoil Comments Off on Nvidia to buy Israel's Mellanox for $6.8 billion in data center push
FILE PHOTO – The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo GLOBAL BUSINESS WEEK AHEAD (Reuters) – Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion in cash, a deal that would help Read More

Nvidia nears deal to acquire Mellanox Technologies: source

1 week ago DieselGasoil Comments Off on Nvidia nears deal to acquire Mellanox Technologies: source
FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo NEW YORK (Reuters) – Chipmaker Nvidia Corp is nearing a deal to acquire peer Mellanox Technologies Ltd for more than $7 billion in cash, a person familiar with the matter said on Read More

China February exports tumble the most in three years, spur fears of 'trade recession'

2 weeks ago DieselGasoil Comments Off on China February exports tumble the most in three years, spur fears of 'trade recession'
BEIJING (Reuters) – China’s exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy and stirring talk of a “trade recession”, despite a spate of support measures. FILE PHOTO: Containers and trucks are seen following a snowfall at the port Read More

China February exports tumble the most in three years, heighten global slowdown fears

2 weeks ago DieselGasoil Comments Off on China February exports tumble the most in three years, heighten global slowdown fears
BEIJING (Reuters) – China’s exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures. FILE PHOTO: Containers and trucks are seen following a snowfall at the port of Qingdao, Shandong province, China February 14, Read More

Japan's Renesas to partially halt chip production for two months on China slowdown

2 weeks ago DieselGasoil Comments Off on Japan's Renesas to partially halt chip production for two months on China slowdown
FILE PHOTO: Renesas Electronics Corp’s logo is seen on its product at the company’s conference in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Automotive chipmaker Renesas Electronics Corp plans to halt production at six plants in Japan for up to two months this year as it braces for a further slowdown in Read More

China's Xiaomi unveils $680 5G smartphone, sees growth in Africa

3 weeks ago DieselGasoil Comments Off on China's Xiaomi unveils $680 5G smartphone, sees growth in Africa
BARCELONA (Reuters) – China’s Xiaomi has launched its contribution to a new wave of smartphones that will be able to take advantage of faster 5G mobile networks at a lower price than analysts expect from rivals such as Samsung. A person checks out the new Xiaomi Mi 9 mobile phone ahead of the Mobile World Read More