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Malaysia extends search for MH370 for another year, keeping families’ hopes alive

KUALA LUMPUR, Malaysia (AP) - Malaysia has extended for another year its contract with marine robotics company Ocean Infinity for a deep-sea search in the southern Indian Ocean for wreckage of a Malaysia Airlines flight that disappeared 12 years ago. The Cabinet on Friday ...
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Comcast plans to split into two public companies by spinning off NBCUniversal and Sky

Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky. The company said Monday that its board and management team think each company will be better positioned to pursue its own strategic priorities, invest for growth ...
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China’s factory activity likely returned to meagre growth in June: Reuters poll

BEIJING, June 29 (Reuters) - China's factory activity likely returned to growth in June, albeit by the slimmest of margins, as the world's second-largest economy struggles for momentum despite strong demand for high-tech exports to feed the global AI boom. A Reuters poll of 23 ...
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Toyota sales fall for fourth month in May as declines in China, US and Middle East weigh

TOKYO, June 29 (Reuters) - Toyota Motor said on Monday that global vehicle sales slipped for a fourth consecutive month in May, as decreases in China and the Middle East weighed on overall results. • Global sales dropped 7.2% year-on-year to 834,279 ...
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Nvidia’s AI chip sales in China stall, as local chipmakers like Huawei take the lead

HONG KONG (AP) - In the race between the U.S. and China to develop artificial intelligence, the battle over hardware and computing power is heating up as Chinese companies like Huawei overtake global industry leaders like Nvidia in their home market. Jensen Huang, the CEO ...
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Morning Bid: Markets swivel on tech, Mideast angst

A look at the day ahead in European and global markets from Ankur Banerjee The halt to the latest tit-for-tat attacks in the Middle East spurred a twitchy reaction in markets as lingering unease over stretched tech valuations and the prospect of higher-for-longer rates compounded ...
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Asian shares are mixed as tech stocks fall in Japan and South Korea

HONG KONG (AP) - Asian markets were mixed on Monday as selling of artificial intelligence-related shares pulled benchmarks in Japan and South Korea lower, though gains for other stocks helped offset those losses. U.S. futures advanced and oil prices gained, though they remained close to ...
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China imposes export controls on 40 Japanese entities as tensions with Tokyo rise

TAIPEI, Taiwan (AP) - China imposed new export controls Monday on 40 Japanese entities it says are contributing to the country's "remilitarization," as tensions with Tokyo continue to rise. Twenty entities, including Mitsui E&S which makes engines and other equipment for ships, have been added ...
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China’s Momenta kicks off Hong Kong IPO, targets up to $751 million

By Kumar Tanishk and Yantoultra Ngui June 29 (Reuters) - Chinese self-driving technology firm Momenta Global launched its Hong Kong initial public offering on Monday, seeking to raise up to HK$5.89 billion ($751.1 million), according to its prospectus. The launch confirms a Reuters report last ...
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Philippines leads the world in rush to solar as power prices soar

By Sudarshan Varadhan, Ruth Chai and Adrian Portugal SINGAPORE/MANILA, June 29 (Reuters) - People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world's biggest spender on solar panels since the war ...
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Chinese brokerages push for LME membership to expand global metals role

By Tom Daly and Pratima Desai LONDON, June 26 (Reuters) - Three Chinese brokerages - Yongan Futures, Orient Futures and Guotai Junan Futures - are preparing to apply for membership of the London Metal Exchange, sources familiar with the matter said, in a move that ...
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Stocks adrift, oil up as US-Iran halt renewed attacks

By Ankur Banerjee SINGAPORE, June 29 (Reuters) - Asian stocks wobbled on Monday as Iran and the United States agreed to halt recent hostilities that had cast a shadow over an interim peace deal, with oil prices buoyed by uncertainty and the dollar standing tall ...
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