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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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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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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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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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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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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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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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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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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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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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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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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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iQIYI Inc <IQ.OQ> expected to post earnings of 42 fen a share - Earnings Preview

iQIYI Inc expected to post earnings of 42 fen a share - Earnings Preview iQIYI Inc IQ.OQ IQ.O is expected to show a fall in quarterly revenue when it reports results on May 16 for the period ending March 31 2024 The Beijing-based company is expected to report a 6.2% decrease in revenue to CNY7.83 billion from CNY8.35 billion a year ago, according to the mean estimate from 11 analysts, based on LSEG data.
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Baidu Inc <BIDU.OQ> expected to post earnings of CNY15.79 a share - Earnings Preview

Baidu Inc expected to post earnings of CNY15.79 a share - Earnings Preview Baidu Inc BIDU.OQ , BIDU.O is expected to show a rise in quarterly revenue when it reports results on May 16 for the period ending March 31 2024 The Beijing-based company is expected to report a 0.2% increase in revenue to $31.206 billion from $31.14 billion a year ago, according to the mean estimate from 15 analysts, based on LSEG data.
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What to Watch in the Week Ahead and on Monday, May 13

What to Watch in the Week Ahead and on Monday, May 13 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY Federal Reserve Bank of Cleveland President Loretta Mester will likely participate in a discussion before the Central Bank Communications: Theory and Practice Conference hosted by the
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Hong Kong corporate earnings week ahead

DIARY-Hong Kong corporate earnings week ahead May 10 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 14-May-2024 BMO BABA.N Alibaba Group Holding Ltd Full Year 2024 Alibaba Group Holding Ltd Earnings Release 14-May-2024 NTS 0027.HK Galaxy Entertainment Group Ltd Q1 2024 Galaxy Entertainment Group Ltd Earnings Release 14-May-2024 NTS 0700.HK Tencent Holdings Ltd Q1 2024 Tencent Holdings Ltd Ear
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How dependent is China on US artificial intelligence technology?

EXPLAINER-How dependent is China on US artificial intelligence technology? By Josh Ye HONG KONG, May 9 (Reuters) - The Biden administration plans to put guardrails on U.S.-developed artificial intelligence (AI) models that power popular chatbots like ChatGPT to safeguard the technology from countries such as China and Russia, Reuters has reported.
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U.S. Crescent Energy, Rockwell Automation, Transdigm Group

U.S. RESEARCH ROUNDUP-Crescent Energy, Rockwell Automation, Transdigm Group May 9 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Crescent Energy, Rockwell Automation and Transdigm Group, on Thursday. HIGHLIGHTS * Crescent Energy Co CRGY.N : Gerdes Energy Research cuts to neutral from buy * Hubspot Inc HUBS.N : Barclays cuts target price to $575 from $600 * Rockwell Automation Inc ROK.N : Daiwa Capital Markets cuts P
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Musk’s China jaunt keeps underwhelming status quo

RPT-BREAKINGVIEWS-Musk’s China jaunt keeps underwhelming status quo The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, April 30 (Reuters Breakingviews) - Elon Musk has won some breathing room. The boss of electric automaker Tesla’s TSLA.O surprise weekend visit to Chinese premier Li Qiang may pave the way for its assisted-driving technology to roll out in the country.
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Musk’s China jaunt keeps underwhelming status quo

BREAKINGVIEWS-Musk’s China jaunt keeps underwhelming status quo The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, April 30 (Reuters Breakingviews) - Elon Musk has won some breathing room. The boss of electric automaker Tesla’s TSLA.O surprise weekend visit to Chinese premier Li Qiang may pave the way for its assisted-driving technology to roll out in the country.
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