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U.S. warns China could hack infrastructure, including pipelines, rail systems

U.S. warns China could hack infrastructure, including pipelines, rail systems

by Reuters | May 26, 2023 | Asia, Business, Technology, US

By Raphael Satter, Zeba Siddiqui and James Pearson (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered...
Semiconductor index surges with Nvidia leading race to AI ‘gold rush’

Semiconductor index surges with Nvidia leading race to AI ‘gold rush’

by Reuters | May 25, 2023 | Asia, Business, Economy, Technology, US

By Sinéad Carew and Stephen Nellis NEW YORK/SAN FRANCISCO (Reuters) – The Philadelphia semiconductor index hit its highest level in more than a year on Thursday and eyed its biggest one-day percentage gain in six months with artificial intelligence (AI) taking...
First Citizens sues HSBC for hiring away Silicon Valley Bank staff

First Citizens sues HSBC for hiring away Silicon Valley Bank staff

by Reuters | May 22, 2023 | Asia, Business, Economy, Europe, UK, US

By Daniel Wiessner (Reuters) -First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed bank’s employees in order to launch its own U.S. venture...
Wall Street ends higher, dollar climbs on solid data, debt ceiling progress

Wall Street ends higher, dollar climbs on solid data, debt ceiling progress

by Reuters | May 18, 2023 | Asia, Australia, Business, Economy, Europe, US

By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied and the dollar reached a seven-week peak on Thursday as discount retail giant Walmart Inc raised its sales outlook and strong economic data calmed recession fears while also dampening hopes the Federal...
‘Big money never buys cheap’: Why investors are waiting on Japan

‘Big money never buys cheap’: Why investors are waiting on Japan

by Reuters | May 18, 2023 | Asia, Business, Economy, US

By Summer Zhen HONG KONG (Reuters) – As Japan’s stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus....
Analysis-GM’s 2025 EV output could be crimped by battery bottleneck

Analysis-GM’s 2025 EV output could be crimped by battery bottleneck

by Reuters | May 18, 2023 | Asia, Business, Canada, Europe, Technology, US

By Paul Lienert (Reuters) – General Motors has said it will have the capacity to build 1 million electric vehicles in North America by 2025, but a slow ramp-up of its three U.S. battery plants could limit actual EV production to less than 600,000 at mid-decade,...
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