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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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