Tag: sources
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Exclusive-BNP Paribas, KB Kookmin in talks for $2 billion Vietnam Techcombank stake, sources say
HONG KONG/HANOI, Aug 26 : France’s BNP Paribas and South Korea’s KB Kookmin Bank are in separate talks to acquire at least a 15 per cent stake in Vietnam’s Techcombank as strategic investors, in a deal that could be worth $2 billion, two sources said.The potential deal, which has not been reported previously,
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Exclusive-India plans first tokenised bond issue in September, sources say
MUMBAI, Aug 24 : India will launch tokenised corporate bonds next month, as it tests the use of blockchain technology to enable instant settlement of bond transactions, three sources with direct knowledge of the matter said on Monday. The notes, to be issued for the first time by state-owned power financier R
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Exclusive-Inside the Google executive moves that led to its big AI reshuffle
SAN FRANCISCO, Aug 12 : Google co-founder Sergey Brin in recent months has urged key AI staff to go all in on the company’s Gemini model as parent Alphabet seeks to close the gap with rivals, two people familiar with his remarks told Reuters. As Anthropic raced ahead with a preview of its powerful Claude…
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Trump administration to impose 15% tariff on polysilicon, sources say
WASHINGTON, Aug 5 : The Trump administration is planning to impose a 15 per cent tariff on polysilicon derivative products, sources told Reuters on Tuesday.It also plans to unveil the results of its Section 232 investigation into foreign imports of polysilicon as soon as Thursday, the sources said.
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Major Wall Street firms targeted in attempted cyberattacks, sources say
(This story has been republished to change an incorrect image)By Pritam Biswas, Raphael Satter and Anirban SenNEW YORK, Aug 5 : Hackers attempted a series of sophisticated cyberattacks on major Wall Street financial services firms and money managers in recent days, targeting their information systems,
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Exclusive-JPMorgan CEO Dimon leads new cross-industry effort to tackle AI risks
NEW YORK, Aug 5 : JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said. Dimon has personally reached out to CEOs of other large an
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Citadel buys most of Situational’s stock holdings after AI share rout, sources say
NEW YORK, July 30 : Situational Awareness, an AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner, sold the bulk of its stock portfolio to Ken Griffin’s Citadel after being battered by heavy losses in its tech holdings, two sources familiar with the matter told Reuters on Thursday.
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BOJ on alert to price risks that may lead to faster rate hikes, sources say
Tokyo, July 22 : The Bank of Japan remains on alert to upside inflation risks that could lead to faster interest rate hikes than markets project, said three sources familiar with its thinking.Many central bank policymakers believe the pace and timing of rate hikes cannot be pre-scheduled and they depend much
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PayPal board sees Stripe-Advent offer as inadequate, sources say
(Refiiles to remove duplication of Stripe no comment)By Milana Vinn and Manya SainiJuly 16 : PayPal’s board sees a $53 billion takeover bid by rival Stripe and private equity firm Advent International as undervaluing the company and facing regulatory and financing hurdles, a person familiar with th
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SK Hynix options to trade two business days after Nasdaq debut, sources say
July 10 : U.S. exchange operators including Cboe Global Markets and Nasdaq expect to list options on SK Hynix’s U.S.-listed shares two business days after the stock’s trading debut, two sources familiar with the matter told Reuters on Friday.The South Korean chipmaker , which raised $26.5 billion in share sal
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