India puts ‘new reality’ on display with Davos street show

DAVOS, Switzerland, May 25 (Reuters) – Bright colors and bold logos proudly signal where India has set up base on the main street in Davos this year, as the country trumpets its pro-business and foreign investment drive. Inside a pavilion on the Swiss Alpine resort’s Promenade street beneath an “India @ Davos 2022” logo, the … Read more

EXCLUSIVE Russian hackers are linked to new Brexit leak website, Google says

WASHINGTON/LONDON, May 25 (Reuters) – A new website that published leaked emails from several leading proponents of Britain’s exit from the European Union is tied to Russian hackers, according to a Google cybersecurity official and the former head of UK foreign intelligence. The website – titled “Very English Coop d’Etat” – says it has published … Read more

Amazon shareholders vote against investor-led proposals

BOSTON/NEW YORK May 25 (Reuters) – Amazon.com Inc (AMZN.O) shareholders on Wednesday voted against all investor-led resolutions that challenged the company’s policies – including its use of plastics and certain concealment clauses in contracts – at the company’s annual meeting. A total of 15 investor resolutions were considered, including one introduced at the meeting. The … Read more

Stocks slump on growth concerns, bond yields slip

Stocks slide on bearish earnings, economic data China talks stimulus, but economic damage already done Euro near 4-week high as Lagarde flags July rate hike NEW YORK/LONDON, May 24 (Reuters) – Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and slowed manufacturing output, while Treasury yields dipped as … Read more

In a faceoff with Elon Musk, the SEC blinked

Judge’s remarks in 2019 knocked SEC’s confidence court would back them Core issue – what is “material” information – was left to Musk and Tesla to decide As some tweets went unvetted, SEC opted to urge Musk to comply, rather than go to court SEC was also uneasy about risk of starting litigation given Musk’s … Read more

Cryptoverse: Is the end of the bitcoin winter nigh?

May 24 (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Register now for FREE unlimited access to … Read more

Wall Street rallies on back of big tech, banks

JPMorgan Chase upbeat interest income outlook boosts banks Broadcom shares fall on potential VMware buyout Indexes up: Dow 1.98%, S&P 1.86%, Nasdaq 1.59% NEW YORK, May 23 (Reuters) – US stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street’s longest streak … Read more

Exclusive: General Atlantic plans $2 billion investment in India, Southeast Asia

The logo of the upcoming World Economic Forum 2022 (WEF) is pictured on a window at the congress center, in the Alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com register DAVOS, Switzerland, May 22 (Reuters) – Global private equity firm General Atlantic plans to … Read more

Broadcom in talks to buy VMware

May 22 (Reuters) – Chipmaker Broadcom Inc (AVGO.O) is in talks to acquire cloud service provider VMware Inc (VMW.N), people familiar with the matter told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The deal terms under discussion could not be learned. The acquisition would further … Read more

Hyundai Motor Group to invest more than $10 billion in U.S. up to 2025

SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with US firms in advanced technology. The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air mobility, autonomous driving and artificial … Read more