Author: IA PressRoom

Micron plans to invest more than $600mn in its factory in the Chinese city of Xi’an, in a demonstration of its commitment to China just weeks after the US memory-chip maker was barred from supplying the country’s critical infrastructure operators.Last month, Beijing banned key operators from purchasing from the Idaho-based company after an investigation found its products “posed serious network security risks”.The company made no mention of Beijing’s action in its announcement posted on the WeChat social media app on Friday. Micron said it would invest Rmb4.3bn ($603mn) over the next few years in upgrading its chip packaging and testing equipment at…

© Reuters. People walk outside the Bank of England in the City of London financial district in London, Britain May 11, 2023. REUTERS/Henry Nicholls/ FILE PHOTO A look at the day ahead in European and global markets from Vidya Ranganathan It’s not just the heatwave. UK consumers are paying through their noses for fish and chips too, and Friday brings the next quarterly survey of their views on inflation and rates. Back in March, consumers surveyed didn’t seem so confident the Bank of England was doing its job bringing prices down, but ironically also expected average inflation to fall in…

© Reuters. FILE PHOTO: A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai, India October 13, 2016. REUTERS/Shailesh Andrade/File Photo BENGALURU (Reuters) – India’s Tata Consultancy Services said on Friday it has mutually agreed with Transamerica to end their administration arrangement due to current macro environment and respective business priorities.

© Reuters. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer By Stephanie Kelly and Sudarshan Varadhan (Reuters) -Oil prices were set to snap a two-week losing streak despite trading marginally lower early on Friday, amid optimism about higher energy demand from top crude importer China and a weaker dollar. futures dipped 17 cents, or 0.2%, to $75.50 a barrel by 0341 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 16 cents, also 0.2%, to $70.46 a barrel. Both benchmarks surged about 3% during the prior…

© Reuters Investing.com– Most Asian currencies fell on Friday, relinquishing some gains from the prior session as uncertainty over the path of U.S. interest rates persisted, while the Japanese yen edged lower as the Bank of Japan kept its ultra-loose policy Yen near seven-month low as BOJ offers no surprises  The recouped some early losses after the BOJ decision, but traded close to seven-month lows against the dollar.  The at record lows, and said it will continue with its yield curve control policy for the near-future to support economic growth. The bank also forecast above-average strength in the Japanese economy…

Blackstone Mortgage Trust declares $0.62 dividend

CNN  —  The Air National Guardsman accused of posting a trove of classified documents to social media has been formally indicted on six counts of willful retention and transmission of classified information related to national defense, the Justice Department announced on Thursday. Jack Teixeira, a junior enlisted airman who worked within the Massachusetts Air National Guard’s 102nd Intelligence Wing, was arrested in April and charged under the Espionage Act. He allegedly took classified information from Otis Air National Guard Base and is accused of posting the information to Discord, a popular social media platform among gamers. “Teixeira also posted images…

The Microsoft Bing and OpenAI ChatGPT logos are seen in this photo illustration in Warsaw, Poland on … [+] 06 January, 2022. Microsoft has announced a surprise event planned for Tuesday in which it is rumoured to announce a new version of its Bing search engine powered by OpenAI’s ChatGPT. New features may include conversational search and more personalized results. (Photo by Jaap Arriens/NurPhoto via Getty Images)NurPhoto via Getty Images Given the runup in AI-related valuations, separating the real deal from companies that are merely AI wannabes is critical. The first few things to consider are, will this company see…

© Reuters. A man walks past an electric monitor displaying Japan’s Nikkei share average and recent movements, outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato/ FILE PHOTO By Ankur Banerjee SINGAPORE (Reuters) – Asian shares rose to a four-month high on Friday as U.S. economic data stoked expectations that the Federal Reserve is near the end of its rate-hike campaign, while the yen fell after the Bank of Japan maintained its ultra-easy monetary policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.4% higher and on course for 2.5% gain in the week, its best weekly…

5/5 © Reuters. A view of a Tesla sign at its factory in Shanghai, China June 12, 2023. REUTERS/Aly Song 2/5 SHANGHAI (Reuters) – Tesla (NASDAQ:)’s ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China’s approvals to develop 70 hectares (172 acres) of former farmland that is currently overgrown with wildflowers. Once courted by Beijing to help spur the development of a domestic electric vehicle (EV) industry, Tesla may now be a victim of its own success in the world’s biggest auto market, challenging plans to use its cost advantage from Chinese production…