Page 407 - Reuters

AMD launches AI chips to take on leader Nvidia; plans new chip every year

AMD revealed the MI400 series AI chips, which will arrive in 2026 and will be based on an architecture called "Next"

Mexico elects Claudia Sheinbaum as country's first female president

Pollster Parametria forecast Sheinbaum winning a landslide 56 per cent of the vote, according to their exit polls

Toyota, other Japan automakers under scrutiny for certification issues

The transport ministry said separately it will conduct an on-site inspection at Toyota's headquarters on Tuesday

S Korea Prez Yoon approves exploration of vast oil, gas prospects off-coast

The president said South Korea has conducted a series of explorations for oil and gas beginning in 1996 and tapped a gas reserve of the equivalent of about 4.5 million barrels

Global airlines raise profit outlook for 2024, projects $1 trn in revenue

The International Air Transport Association (IATA) said it expected the worldwide industry to generate $30.5 billion of profit this year

Microsoft to invest $3.2 billion to expand AI, cloud infra in Sweden

The investment, Microsoft's biggest to date in Sweden, includes a pledge to help train some 250,000 people with AI skills

After guilty verdict, investors weigh Trump 2.0 factor as election looms

Investors said a Trump victory could broadly boost the stock market and buoy the dollar

Nvidia says its next-generation AI chip platform to be rolled out in 2026

Nvidia is planning to release a new family of AI chips every year, accelerating its prior release schedule of roughly every two years

China's factory activity growth hits 2-year high, shows Caixin PMI

Production was underpinned by higher new work inflows, as stronger domestic and global demand supported client interest in new products, according to respondents

India's May factory growth slips to 3-month low, but remains sturdy: PMI

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, dipped to 57.5 in May from April's 58.8, below a preliminary estimate of 58.4

Heat wave kills at least 56, nearly 25,000 heat stroke cases from March-May

In a contrast, parts of eastern India have been reeling under the impact of cyclone Remal. Heavy rain in the north eastern state of Assam has killed 14 people since Tuesday

Proposed ban on Russia's LNG transports not to impact Asia: EU commissioner

European Union proposed to ban re-loading services by EU facilities for trans-shipment of Russian LNG to third countries

Indian bond yields seen lower as exit polls predict Modi govt's continuity

India's benchmark 10-year yield is likely to move in a 6.94 per cent -7.00 per cent range, following its previous close of 6.9809 per cent , a trader with a state-run bank said

Equity futures jump as markets cheer likely third term for PM Modi

NIFTY 50 index futures were up about 2.6 per cent in early trade, according to NSE International Exchange data

Australia orders Chinese investors to sell down stake in rare earths miner

Northern Minerals is developing the Browns Range heavy rare earths project in Western Australia, at a time when the sector has become increasingly strategic for its uses in green energy and defence

Boeing, Nasa target June 5 for Starliner's debut crew flight to ISS

Once launched, the Starliner is expected to arrive at the space station after a flight of about 24 hours and dock with the orbiting research outpost some 250 miles (402 km) above Earth

Asia stocks rise on rate cut hopes, better-than-expected China's PMI data

Investors are a lot less dovish on the Fed, seeing little prospect of a move until September and even that is far from a done deal

Stock markets to cheer likely third term for PM Modi, hope for reforms

If the projections are accurate, investors will likely focus on expected policy continuity and a push for economic reforms

Rupee, bonds expected to rally as exit polls signal PM Modi's victory

The rupee should open higher on Monday and appreciate over the next day or two but could face some resistance near 83.10, a foreign exchange trader at a state-run bank said

Investors flock to Aramco share sale that could raise $13 billion

The offering will be a gauge of Riyadh's appeal to foreign investors, a key plank of the kingdom's plan to overhaul its economy. Foreign direct investment has repeatedly missed its targets