Nvidia announces tech for speeding up chip design at AI conference

Nvidia announces tech for speeding up chip design at AI conference

March 21 (Reuters) – Nvidia Corp (NVDA.O) Chief Executive Jensen Huang on Tuesday unveiled a new product for speeding up the design of semiconductors as it rolled out an array of new artificial intelligence technologies based around its chips and software. Huang made the remarks at GTC, the company’s annual conference for software developers. Analysts … Read more

Bank shares rise after Credit Suisse rescue eases crisis

Bank shares rise after Credit Suisse rescue eases crisis

March 20 (Reuters) – U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover of Credit Suisse appeared to close off one source of worry for the global banking sector. In a package engineered by Swiss regulators on Sunday, UBS Group AG (UBSG.S) will pay … Read more

Stock futures nudge higher on Credit Suisse buyout

Stock futures nudge higher on Credit Suisse buyout

SINGAPORE, March 20 (Reuters) – U.S. stock futures rose in Asian trade on Monday in relief at a weekend rescue deal for Credit Suisse, though the mood was nervous and financial shares remained under pressure from contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in bumpy early trade. Japan’s … Read more

ECB watchdog sees no Europe contagion after US, Swiss bank rescues

ECB watchdog sees no Europe contagion after US, Swiss bank rescues

March 17 (Reuters) – European Central Bank supervisors see no contagion for euro zone banks from recent turmoil, a source said on Friday, after U.S. lenders threw First Republic Bank (FRC.N) a $30 billion lifeline and tapped record amounts from the Federal Reserve. Large U.S. banks on Thursday swooped in to rescue the San Francisco-based … Read more

Asian markets take breather from banking turmoil, capping tumultuous week

Asian markets take breather from banking turmoil, capping tumultuous week

Asian stock markets: ECB delivered 50bp hike as promised, dropped forward guidance Credit Suisse shares rebounded 20% after SNB support First Republic Bank gets $30 bln injection, worries linger Fed data showed banks sought record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally on Wall Street on Friday to end … Read more

TikTok says US threatens ban if Chinese owners don’t sell stakes

TikTok says US threatens ban if Chinese owners don't sell stakes

WASHINGTON, March 15 (Reuters) – The Biden administration has demanded that TikTok‚Äôs Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move, first reported by the Wall Street Journal, is the most dramatic in a series of recent steps by U.S. … Read more