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Reuters - 2 days ago

Auto File: In China, AI takes drivers’ jobs 

Auto File: In China, AI takes drivers’ jobs  By Victoria Walderse Automotive Correspondent Victoria.Waldersee@thomsonreuters.com Greetings from Germany, where I woke up this morning wondering how much electric vehicles will have featured in Elon Musk's interview with Donald Trump on X last night and thrown off my plans for this newsletter. (I am filling in this week while Nick Carey enjoys a much-deserved break.) It seems, however, that the two men - once they got past the technical glitches
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Reuters - 2 days ago

Huawei readies new AI chip to challenge Nvidia in China, WSJ reports

Huawei readies new AI chip to challenge Nvidia in China, WSJ reports Aug 13 (Reuters) - China's Huawei Technologies is close to introducing a new chip for artificial intelligence use to challenge Nvidia NVDA.O in China amid U.S. sanctions, the Wall Street Journal reported on Tuesday, citing sources. Huawei's latest processor, Ascend 910C, is being tested by Chinese internet and telecom companies in recent weeks, the report said, adding that Huawei has told potential clients that the chip is comp
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Reuters - 6 days ago

China's drivers fret as robotaxis pick up pace - and passengers

UPDATE 2-China's drivers fret as robotaxis pick up pace - and passengers Adds detail on timing of Apollo Go roll-out forecast in the eighth; clarifies that Baidu's response regarded profitability in the 27th By Sarah Wu and Ethan Wang WUHAN, Aug 8 (Reuters) - Liu Yi is among China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments.
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Reuters - 6 days ago

China's drivers fret as robotaxis pick up pace - and passengers

UPDATE 3-China's drivers fret as robotaxis pick up pace - and passengers Updates Aug. 8 story on Aug. 12 to add comment from Baidu unit Apollo Go in paragraphs 9-11. By Sarah Wu and Ethan Wang WUHAN, Aug 8 (Reuters) - Liu Yi is among China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments.
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Reuters - 1 week ago

China's drivers fret as robotaxis pick up pace - and passengers

China's drivers fret as robotaxis pick up pace - and passengers By Sarah Wu and Ethan Wang WUHAN, Aug 8 (Reuters) - Liu Yi is among China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments. Now he predicts another crisis as he stands next to his car watching neighbours order driverless taxis.
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Reuters - 1 week ago

China's imports resume growth but tamer exports raise outlook concerns

WRAPUP 3-China's imports resume growth but tamer exports raise outlook concerns Adds market reactions, commodities data, an exporter's quotes and a chart By Liz Lee and Ellen Zhang BEIJING, Aug 7 (Reuters) - China's exports grew at their slowest pace in three months in July, missing expectations and adding to concerns about the outlook for the vast manufacturing sector, while a rush to boost chip supplies before expected U.S.
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Reuters - 1 week ago

US expected to propose barring Chinese software in autonomous vehicles

UPDATE 3-US expected to propose barring Chinese software in autonomous vehicles Adds Chinese embassy in Washington comment in paragraphs 8-9 By David Shepardson WASHINGTON, Aug 4 (Reuters) - The U.S. Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks, according to sources briefed on the matter.
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Reuters - 3 weeks ago

China ADRs down as local shares post biggest fall in 6 months

BUZZ-China ADRs down as local shares post biggest fall in 6 months ** U.S.-listed shares of Chinese companies fall premarket ** Chinese stocks recorded their biggest single-day drop in six months, demonstrating the fragility of investor sentiment despite ongoing stimulus efforts .SS ** E-commerce firms Alibaba Group Holding BABA.N , JD.com Inc JD.O
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Reuters - 1 month ago

Archegos founder Bill Hwang convicted at fraud trial over fund's collapse

UPDATE 5-Archegos founder Bill Hwang convicted at fraud trial over fund's collapse Adds U.S. attorney quote, background on Hwang By Jody Godoy NEW YORK, July 10 (Reuters) - Archegos Capital Management founder Sung Kook "Bill" Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused him of market manipulation ahead of the 2021 collapse of his $36 billion private investment firm.
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Reuters - 1 month ago

China ADRs slide after local stocks end week at 4-1/2 month low

BUZZ-China ADRs slide after local stocks end week at 4-1/2 month low ** U.S.-listed shares of Chinese companies fall premarket ** China stocks closed the week at 4-1/2 month low , weighed by financial and consumer shares, while investors braced for moves from country's central bank that could affect market sentiment ** E-commerce firms Alibaba Group Holding BABA.N , JD.com Inc JD.O and PDD Holdings PDD.O fall between 0.9% and 1.9% ** Gaming stocks Bilibili Inc BILI.O slides 0.6% and peer NetEase
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Reuters - 1 month ago

Chinese AI firms showcase resilience, innovations at AI event despite US sanctions

REFILE-Chinese AI firms showcase resilience, innovations at AI event despite US sanctions Refiles to fix dateline SHANGHAI, July 5 (Reuters) - Chinese tech companies, from industry giants to ambitious startups, converged at the World AI Conference in Shanghai this week to showcase their latest innovations and express strong support for the country's artificial intelligence sector even as it faces U.S.
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Reuters - 1 month ago

Sustainable Switch: Hurricane Beryl barrels across the Caribbean

Sustainable Switch: Hurricane Beryl barrels across the Caribbean By Sharon Kimathi Energy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com Hello, Today’s newsletter focuses on the devastating hurricane wreaking havoc across the Caribbean. Hurricane Beryl thrashed Jamaica with heavy winds and rain, killing at least one person after forging a destructive, water-soaked path across smaller Caribbean islands over the past couple of days.
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Reuters - 3 months ago

Musk pushes plan for China data to power Tesla's AI ambitions

REFILE-EXCLUSIVE-Musk pushes plan for China data to power Tesla's AI ambitions adds dropped word in 2nd paragraph Tesla develops plan for data center in China But also seeks to transfer EV driving data to US Tesla would need local partner for China data center China data key to Tesla's pivot to AI By Fanny Potkin SHANGHAI/SINGAPORE, May 17 (Reuters) - Tesla TSLA.O is pushing ahead with plans to power the global development of its self-driving system with data from China that could be processed w
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Reuters - 3 months ago

iQIYI Inc reports results for the quarter ended in January - Earnings Summary

iQIYI Inc reports results for the quarter ended in January - Earnings Summary iQIYI Inc IQ.OQ reported quarterly adjusted earnings of 68 fen​​ per share for the quarter ended in January, higher than the same quarter last year, when the company reported EPS of 64 fen. The mean expectation of eight analysts for the quarter was for earnings of 42 cents per share.
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Reuters - 3 months ago

Baidu Inc reports results for the quarter ended in March - Earnings Summary

Baidu Inc reports results for the quarter ended in March - Earnings Summary Baidu Inc BIDU.OQ reported quarterly adjusted earnings of CNY19.91​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of CNY16.10. The mean expectation of nineteen analysts for the quarter was for earnings of CNY15.79 per share.
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Reuters - 3 months ago

U.S. STOCKS Walmart, Cisco, SilverBow

BUZZ-U.S. STOCKS ON THE MOVE-Walmart, Cisco, SilverBow Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures inched higher on Thursday, putting Wall Street on track to extend gains from the all-time highs hit in the previous session as a tepid inflation report bolstered hopes of interest-rate cuts.
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Reuters - 3 months ago

Baidu 'confident' AI will sustain growth after sluggish first quarter

UPDATE 3-Baidu 'confident' AI will sustain growth after sluggish first quarter Updates throughout, adds CEO quote in paragraph 3, background in paragraphs 4-14 By Liam Mo and Yuvraj Malik May 16 (Reuters) - China's Baidu BIDU.O 9888.HK said on Thursday it was confident artificial intelligence would help drive future sales and profits after reporting first-quarter revenue growth of just 1% as weak Chinese economic growth kept advertisers cautious.
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Reuters - 3 months ago

China's Baidu beats quarterly revenue estimates

China's Baidu beats quarterly revenue estimates May 16 (Reuters) - China's Baidu BIDU.O 9888.HK beat analysts' estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand for its cloud products. The company reported revenue of 31.51 billion yuan ($4.37 billion) for the first three months of the year, compared with analysts' average estimate of 31.21 billion yuan, according to LSEG data.
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Reuters - 3 months ago

As CPI risk clears ... it's lift off!

MORNING BID ASIA-As CPI risk clears ... it's lift off! By Jamie McGeever May 16 (Reuters) - A look at the day ahead in Asian markets. It's 'green for go' in Asia on Thursday as stock markets around the world roar to fresh highs, boosted by renewed optimism that the Federal Reserve will soon start cutting U.S. interest rates following benign inflation figures on Wednesday.
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Reuters - 3 months ago

What to Watch in the Day Ahead - Thursday, May 16

CORRECTED-What to Watch in the Day Ahead - Thursday, May 16 Corrects paragraph 3 in May 16 edition to say "overall housing starts”, not "single-family housing starts" Walmart is expected to post a rise in first-quarter sales and raise its outlook for the year, as the retail bellwether benefits from demand for its low-priced groceries, higher discounts, and some pull forward of tax refunds in March.
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