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Rumble considers near $1.2 billion offer for German AI cloud group Northern Data

(Reuters) -U.S.-listed video platform Rumble is considering a potential offer of about $1.17 billion (1 billion euro) for German AI cloud group Northern Data AG, according to separate statements from the companies and Reuters calculations. Rumble, also a cloud services provider, said a deal would ...
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Dollar steady before inflation report, US-China tariff deadline

SINGAPORE (Reuters) -The U.S. dollar stabilized on Monday after last week’s losses, as markets await Tuesday’s key U.S. CPI report for July and focus on developments in trade talks between Washington and Beijing ahead of a deadline to avoid the imposition of higher tariffs. The ...
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Oil prices fall as market eyes US-Russia talks on Ukraine

By Colleen Howe BEIJING (Reuters) -Oil prices fell in early Asian trading on Monday, extending declines of more than 4% last week on higher U.S. tariffs on its trading partners, an OPEC output hike, and expectations the U.S. and Russia were moving closer to a ...
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Shares edge up in Asia, US inflation data looms large

By Wayne Cole SYDNEY (Reuters) -Major share indexes crept higher in Asia on Monday as upbeat company earnings underpinned high valuations in the tech sector, while a crucial report on U.S. inflation would likely set the course of the dollar and bonds. Trade and geopolitics also ...
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Exclusive-SoftBank selects banks for US IPO of payments app PayPay, sources say

By Echo Wang and Miho Uranaka (Reuters) -SoftBank has selected investment banks to help organize a potential initial public offering in the United States for its Japanese payments app operator PayPay, according to two people familiar with the matter.  The banks leading preparations for the listing are ...
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Analysis-RBA’s new policy board comes with added unpredictability

By Wayne Cole SYDNEY (Reuters) -Australia’s central bank has a problem communicating that has injected an element of unpredictability into interest rate policy when global uncertainty is already high, and its proving costly for investors. It all stems from an April shake up at the Reserve ...
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Exclusive-SK Hynix expects AI memory market to grow 30% a year to 2030

By Heekyong Yang and Max A. Cherney SEOUL/SAN FRANCISCO (Reuters) -South Korea’s SK Hynix forecasts that the market for a specialized form of memory chip designed for artificial intelligence will grow 30% a year until 2030, a senior executive said in an interview with Reuters.  The upbeat ...
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Intel CEO to visit White House on Monday, WSJ reports

(Reuters) -Intel CEO Lip-Bu Tan is set to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Reuters could not immediately confirm the ...
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Bessent says new Fed chair should be someone who can examine organization, Nikkei reports

TOKYO (Reuters) -U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone “who can examine the whole organization” as the Fed’s mission has included so many things outside of monetary policy and has put its independence at risk, Japan’s Nikkei ...
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Nvidia and AMD to pay 15% of China chip sale revenues to US government, FT reports

(Reuters) -Nvidia and AMD have agreed to give the U.S. government 15% of the revenues from chip sales in China, as part of an arrangement with the Trump administration to obtain export licenses for the semiconductors, the Financial Times reported on Sunday. Reuters could not ...
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‘Weapons’ horror film scores a box office victory

LOS ANGELES (AP) — It’s August, and horror and humor came to play. In a month that’s long been known to let edgier movies thrive, Zach Cregger’s highly anticipated horror film “Weapons” did not disappoint, topping the box office during its debut weekend with ...
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Mexico sets minimum export prices for fresh tomatoes

By Brendan O’Boyle MEXICO CITY (Reuters) -Mexico has set minimum export prices for fresh tomatoes to protect its domestic production and ensure internal supply after a bilateral agreement with the U.S. expired, Mexico’s economy and agriculture ministries said in a joint statement on Sunday. The decision ...
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