Grab Holdings Ltd. shares jumped 11% after the company brought forward its profitability target and posted a narrower quarterly loss, buoyed by extensive cost cuts at the Southeast Asian ride-hailing and food-delivery provider.
Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers.
Nvidia Corp. Chief Executive Officer Jensen Huang, fresh off an upbeat quarterly report that sent his company’s shares soaring, dispelled one of investors’ biggest concerns: that chip production won’t keep up with demand.
The Biden administration is in talks with Venezuela to explore a temporary lifting of crippling sanctions in exchange for allowing fair elections next year.
The dollar’s role in international payments has never been stronger, according to the latest transaction data compiled by global financial messaging service Swift.
Fatal accidents continue to undermine China’s coal industry, with the latest incident in Shaanxi set to impede plans to raise production if authorities once again ramp up scrutiny of mine safety.
Shares in Asia rose after US stocks rallied and Treasury yields retreated following lackluster economic reports that support the case for the Federal Reserve to pause interest rate hikes.
Hong Kong’s restaurants are reshaping their supply chains after the government banned seafood from parts of Japan, bringing the financial hub’s curbs more in line with Beijing despite scientific reassurances the products are safe to eat.
Rocket Lab USA Inc. successfully re-flew one of its Rutherford rocket engines during an orbital launch on Wednesday, a key step in the small satellite-launch company’s efforts to prove its reusable rocket technology.
Republican candidates are about to start their first debate Wednesday, hoping to capitalize on Donald Trump’s absence as they fight for the 2024 nomination.
