Nasdaq futures tumble as China’s AI push rattles Big Tech
(Reuters) – Futures linked to the tech-heavy Nasdaq tumbled on Monday as the overwhelming popularity of an inexpensive Chinese artificial intelligence model sparked a selloff in AI-related shares, with megacap stocks including Nvidia (NASDAQ:NVDA) the worst hit. Chinese startup DeepSeek has
China central bank conducts 1.7 trln yuan of outright reverse repos in Jan
SHANGHAI (Reuters) – China’s central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January. The People’s Bank of China (PBOC) said the repo operations aimed to “keep banking system liquidity reasonably ample”. The
BASF results down on impairments, restructuring
Investing.com — Shares of BASF (BU:BASF) traded lower on Monday as the company’s preliminary 2024 figures posted a sharp decline in earnings due to impairments and restructuring costs. According to the company’s statement, EBIT for 2024 is expected to reach €2
Adani, Ambani news units sue OpenAI over copyright, Reuters reports
Investing.com — A group of Indian digital news publishers, including those owned by billionaires Gautam Adani and Mukesh Ambani, have initiated a legal challenge against OpenAI, Reuters reported on Monday, citing legal papers. They allege that the AI company
China’s DeepSeek sets off AI market rout
SINGAPORE (Reuters) -Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors’ faith in the profitability of AI and the sector’s voracious demand for high-tech chips. Nasdaq 100
Analysis-To weather Trump, emerging market investors look to the frontier
By Libby George LONDON (Reuters) – The new era of unpredictability, marked by tariff threats and rising global tensions, is prompting emerging market investors to look for shelter in frontier markets that are relatively safe from U.S. President Donald Trump’s trade
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP
Investing.com– U.S. President Donald Trump’s proposed trade tariffs against Colombia are now on hold after Bogota agreed to accept migrants deported from the U.S., the Associated Press reported on Sunday. Trump had threatened to impose 25% tariffs on all Colombian imports