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2024-11-08 19:36:48

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ASML, one of the world's leading semiconductor equipment makers, suffered a global IT systems outage on Friday. The company has since resolved the issue and is investigating the cause. The outage, which affected some employees who had to work remotely, was first reported by a Dutch newspaper. This is the second major incident for ASML in recent months, following a premature release of its third-quarter earnings due to a 'technical error'.
#ChandniShah #TobySterling #AlanBarona #Bengaluru #Amsterdam #neutral #technology
#nevent1q…5xwq

2024-11-08 16:53:27

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Gerdau and Braskem, two of Brazil's largest industrial firms, are already touting their US operations as a hedge against the risk of protectionism from President-elect Donald Trump. Trump has floated the idea of imposing tariffs on imported goods, which could benefit Gerdau's steelmaking plants in the US and Canada. Braskem, a petrochemical producer, also stands to gain from Trump's protectionist approach, as it is a key supplier of polypropylene to the US automotive industry. Both firms are urging Brazil to impose tariffs to protect its market in the face of US protectionism.
#AlbertoAlerigi #GabrielAraujo #RafaelJapur #GustavoWerneck #PedrodeFreitas #DonaldTrump #KamalaHarris #SaoPaulo #Washington #Pennsylvania #WestVirginia #Texas #Brazil #Canada #China #Mexico #US #mainstream #business
#nevent1q…jnun

2024-11-08 15:10:14

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TikTok is facing a potential ban in the US due to national security concerns, but some staff and creators are hoping that President-elect Donald Trump will intervene to save the platform. Trump has expressed opposition to a ban and could try to find an alternative solution, such as selling the platform to an American owner or finding a way to keep it through a new fix that satisfies both the company and the US government's concerns. However, some inside the company are skeptical of Trump's ability to deliver and worry that he may be erratic or enrage allies in Congress who crafted the law.
#DonaldTrump #GlennGerstell #JeffYass #SafraCatz #LarryEllison #ElonMusk #SarahKreps #US #China #mainstream #technology
#nevent1q…4rtf

2024-11-08 07:20:56

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The Australian government has announced plans to ban social media for people under 16, despite opposition from Meta Platforms Inc. The ban will apply to all state and territory leaders, with no exceptions for major services such as Facebook, TikTok, or X. The legislation will be brought before parliament in November and will take effect 12 months later.
#AnthonyAlbanese #MichelleRowland #MiaGarlick #ElonMusk #Australia #Canberra #Sydney #mainstream #politics
#nevent1q…387r

2024-11-08 07:16:34

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Ambassador Xie Feng spoke at a US-China Business Council dinner, emphasizing the importance of cooperation between the two nations. He highlighted successful examples of mutual benefit, such as McDonald's and Starbucks, and encouraged US companies to invest and operate in China. Xie also emphasized the need for exchanges and mutual learning, rather than rejection and confrontation, to drive progress.
#XieFeng #DonaldTrump #LizLee #HimaniSarkar #KimCoghill #Beijing #Shanghai #UnitedStates #neutral #politics
#nevent1q…n0n2

2024-11-08 02:49:45

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Icahn Enterprises, a controlling shareholder of CVR Energy, plans to raise its stake in the oil refiner to over 81% by purchasing 15 million additional shares. This move is expected to benefit stockholders by allowing them to cash out at a premium. To fund this transaction and others, Icahn is cutting his firm's dividend payout for the second time.
#CarlIcahn #Bengaluru #Kansas #Oklahoma #mainstream #business
#nevent1q…g9e4

2024-11-07 22:11:27

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MercadoLibre reported net income and other profit metrics that trailed estimates, due to increased investments in its credit business and logistics. Despite this, most analysts remained positive on the company's long-term potential and ability to deliver on its goals to grow its dominance in online retail and become a major financial services provider in the region.
#RodrigoGastim #MariaClaraInfantozzi #MartindelosSantos #IrmaSgarz #OsvaldoGimenez #MarceloSantos #JavierMilei #JoaoSoares #LatinAmerica #Brazil #Mexico #Uruguay #Argentina #Paris #mainstream #business
#nevent1q…0ydj

2024-11-07 20:51:29

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Canada's Industry Minister Francois-Philippe Champagne announced the decision, citing evidence and advice from security and intelligence agencies. TikTok Technology Canada Inc. will challenge the order in court, arguing that shutting down its Canadian offices will destroy hundreds of jobs. The move follows a national security review and a ban on the app on government-issued devices in 2023.
#Francois-PhilippeChampagne #MichaelGeist #DonaldTrump #ElonMusk #Canada #Toronto #Vancouver #UnitedStates #EuropeanUnion #mainstream #technology
#nevent1q…qcc6

2024-11-07 17:20:21

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The company's convertible notes have an option for holders to receive early repayment if the company is delisted, which is a possibility after it missed an August deadline to file its annual financial report and its auditor resigned. The delisting would be a significant fall from grace for a company that is a major beneficiary of demand for high-powered servers and other hardware to power artificial intelligence. Super Micro has been re-working some of its other debt and has a cash pile of $2.1 billion, but the potential for this massive sum of debt to come due early is a risk.
#DavidWeigand #MattBryson #SanJose #California #mainstream #business
#nevent1q…96fz

2024-10-22 09:26:40

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Bullet points of Cheniere Energy expects China gas demand to rise more than 50% by 2040
- China's gas demand is expected to grow to over 600 billion cubic meters by 2040
- China will be the world's first 100-million-ton LNG market soon

2024-10-22 09:26:40

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Summary of Cheniere Energy expects China gas demand to rise more than 50% by 2040
https://media.zenfs.com/en/reuters-finance.com/a000186fe17877b9df16e887592482a7
The source article:
#nevent1q…9r9j
Cheniere Energy expects China's gas demand to grow to more than 600 billion cubic meters by 2040, driven by energy demand, policies, and infrastructure build-up. China is the world's largest importer of LNG and is expected to become the world's first 100-million-ton LNG market soon.

2024-10-22 09:26:22

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Bullet points of SAP Shares Rise Most Since July as AI Tools Help Cloud Sales
- Cloud revenue rose 25% to €4.35 billion
- Cloud backlog gained 25% to €15.4 billion

2024-10-22 09:26:22

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Summary of SAP Shares Rise Most Since July as AI Tools Help Cloud Sales
https://media.zenfs.com/en/bloomberg_technology_68/ff3c1dca2d76d86ed06948b7bdb8e1a0
The source article:
#nevent1q…ykem
SAP's shares rose 5.8% as cloud revenue soared, driven by the company's transition to artificial-intelligence tools and analytics. The company's cloud revenue rose 25% to €4.35 billion, and its cloud backlog gained 25% to €15.4 billion.

2024-10-22 09:25:09

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Bullet points of SAP shares hit all-time high after upbeat cloud business outlook
- SAP's shares rose 5% at market open on Tuesday, reaching an all-time high of 221 euros.
- Cloud revenue grew 27% to 4.35 billion euros, driven by a 36% rise in sales of Cloud ERP Suite resource planning software.

2024-10-22 09:25:09

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Summary of SAP shares hit all-time high after upbeat cloud business outlook
https://media.zenfs.com/en/reuters-finance.com/7cd1919487c757482f48a310e909697e
The source article:
#nevent1q…zkw5
SAP's shares rose 5% at market open on Tuesday, reaching an all-time high of 221 euros, after the company raised its full-year targets due to strong cloud business in the third quarter. Cloud revenue grew 27% to 4.35 billion euros, driven by a 36% rise in sales of Cloud ERP Suite resource planning software. Artificial intelligence was a key growth driver, with 30% of cloud contracts including AI use scenarios.

2024-10-22 09:25:08

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Bullet points of AI Chip Startup Kneron Seeks Funds at $1 Billion Valuation
- Kneron Inc. is in talks to raise $300 million in its latest funding round
- The company plans to use the funds for product innovation and expansion

2024-10-22 09:25:08

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Summary of AI Chip Startup Kneron Seeks Funds at $1 Billion Valuation
https://media.zenfs.com/en/bloomberg_technology_68/fb5be90224d98ceff131a0217fa728cc
The source article:
#nevent1q…cu6m
Kneron Inc., a Taiwanese-American AI chip startup, is in talks to raise $300 million in its latest funding round, which could value the company at about $1 billion. The company plans to use the funds for product innovation and expansion, including opening a regional office in Saudi Arabia.

2024-10-22 09:25:06

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Summary of Philippines Chip Industry Wants Help From Taiwan’s TSMC
https://media.zenfs.com/en/bloomberg_technology_68/b7941e5d5806bafab354585124133a23
The source article:
#nevent1q…yn3d
The Philippines is reaching out to Taiwanese chip giants, including Taiwan Semiconductor Manufacturing Co. and United Microelectronics Corp., to expand its semiconductor industry. The country is seeking equipment and expertise to build out chip fabrication operations, and is betting on its low costs and ample workforce to attract manufacturers.

2024-10-22 09:25:06

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Bullet points of Philippines Chip Industry Wants Help From Taiwan’s TSMC
- The Philippines is trying to enlist Taiwanese chip giants to expand its semiconductor industry.
- The country is seeking equipment and expertise to build out chip fabrication operations.

2024-10-22 09:25:01

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Summary of Paytm Posts First Net Income After Selling Assets to Zomato
https://media.zenfs.com/en/bloomberg_technology_68/c32c4e3e43f861dfe2a205fcc2519507
The source article:
#nevent1q…ya4z
Paytm, India's fintech pioneer, reported its first-ever net income in the quarter through September, helped by a gain from the sale of its events business. The company is trying to turn a corner following a regulatory onslaught that sent its stock cratering and raised questions about its long-term prospects.

2024-10-22 09:25:01

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Bullet points of Paytm Posts First Net Income After Selling Assets to Zomato
- Paytm reported net income of 9.3 billion rupees ($111 million) in the quarter through September
- The company reported a 13.5 billion rupee gain from the sale of its events business

2024-10-22 09:11:55

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Bullet points of Citi stays bullish on gold, hikes price 3-month outlook to $2,800 per ounce
- Citi Research raised its three-month forecast for gold prices to $2,800 per ounce from $2,700 previously.
- The bank cited possible further U.S. labor market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying as reasons for the upgrade.

2024-10-22 09:11:55

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Summary of Citi stays bullish on gold, hikes price 3-month outlook to $2,800 per ounce
https://media.zenfs.com/en/reuters-finance.com/21bb8bf0f4eafe691c52ff32eae10474
The source article:
#nevent1q…95zy
Citi Research has upgraded its three-month gold price view to $2,800 per ounce from $2,700 previously, citing possible further U.S. labor market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying. The bank also revised its 6 to 12-month forecast for silver prices upward to $40 per ounce from $38 per ounce. Additionally, Citi remains neutral-bullish on platinum and leans bearish on palladium.

2024-10-21 13:00:57

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Bullet points of Exclusive-EU set to choose firm for critical minerals joint buying platform
- The EU aims to develop a joint purchasing mechanism for critical minerals and energy
- The bloc is choosing between eight bidders to develop a platform

2024-10-21 13:00:57

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Summary of Exclusive-EU set to choose firm for critical minerals joint buying platform
https://media.zenfs.com/en/reuters-finance.com/1caacd4d9e09138c003dedb97fa36e2d
The source article:
#nevent1q…45me
The European Union is rushing to develop a 9 million euro joint purchasing mechanism for critical minerals and energy, choosing between eight bidders to develop a platform. The bloc aims to sign a contract by the end of the year and start developing sections of the platform early next year.

2024-10-21 10:55:57

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Bullet points of Speedy US corn and soy harvests strain farmers, storage capacity
- U.S. farmers are harvesting two of the largest corn and soybean crops in history
- The harvests are being done at the fastest pace in years

2024-10-21 10:55:57

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Summary of Speedy US corn and soy harvests strain farmers, storage capacity
https://media.zenfs.com/en/reuters-finance.com/300cae54c37c1b5d493f7f7d625bacbd
The source article:
#nevent1q…9jkc
US farmers are harvesting two of the largest corn and soybean crops in history at the fastest pace in years, straining their physical capabilities and storage capacity. The massive influx of crops is testing growers who are already grappling with grain prices near four-year lows, stiff competition for global export sales and farm incomes that are down 23% from a record high just two years ago.

2024-10-21 10:55:56

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Bullet points of Exclusive-Qatar LNG sales to key Asian markets confronted by US, UAE rivalry
- Qatar's LNG market share in Japan and South Korea is declining due to competition from other suppliers
- Qatar's insistence on destination clauses is a sticking point in negotiations with Japanese and South Korean buyers

2024-10-21 10:55:56

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Summary of Exclusive-Qatar LNG sales to key Asian markets confronted by US, UAE rivalry
https://media.zenfs.com/en/reuters-finance.com/8d104705944f458c38b9a11255edde89
The source article:
#nevent1q…rw52
Qatar's dominance of the LNG market is being challenged by rising competition from the US, the United Arab Emirates, and Oman, which offer shorter-term contracts and more flexible terms. Qatar's insistence on destination clauses is a sticking point in negotiations with Japanese and South Korean buyers.

2024-10-18 10:15:58

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Summary of The next big AI trade could be nuclear power: Morning Brief
https://s.yimg.com/ny/api/res/1.2/eveaG5A9Ezfc17cbe0Uwwg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04OTk-/https://s.yimg.com/os/creatr-uploaded-images/2024-10/fdc7fcd0-8cc6-11ef-9c9f-a243b478e05e
The source article:
#nevent1q…ufrw
The article discusses how Big Tech's need for electricity to power AI-generating data centers is driving a potential nuclear power renaissance in the US. Microsoft, Google, and Amazon have all made investments in small modular reactors, which are mini versions of larger nuclear fission generators at a lower cost and with more flexibility. The article highlights the challenges and uncertainties surrounding these investments, including the fact that these projects are years away and that there aren't many publicly traded ways to get in.

2024-10-18 10:15:58

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Bullet points of The next big AI trade could be nuclear power: Morning Brief
- Microsoft signed an agreement with Constellation Energy to restart a reactor at Three Mile Island.
- Google partnered with Kairos to buy power from small modular nuclear reactors.