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Technology leads European shares lower, rate cut doubts loom May 17, 2024 03:37AM

(Reuters) - European shares kicked off Friday's trade on a weaker note, led by declines in technology and real-estate companies, as investors looked forward to euro zone inflation data for some clarity on the path for interest rate cuts beyond June.

The pan-European STOXX 600 dipped 0.2% as of 0715 GMT, but was on track for its second straight weekly advance owing to a robust corporate earnings season.

All eyes are on the final euro zone... (continue reading...)


Foreigners sell Vietnam securities amid political turbulence, data show May 17, 2024 03:33AM

By Francesco Guarascio and Phuong Nguyen

HANOI (Reuters) - Foreign investors have reduced by nearly $2 billion their securities holdings in Vietnam's main stock market since early 2023 despite the bourse's positive performance, with the largest outflows recorded during weeks of political upheaval, data show.

The Communist-ruled country has been in the grip of unprecedented political turbulence over the last two years, with thousands of... (continue reading...)


Exclusive-Musk pushes plan for China data to power Tesla's AI ambitions May 17, 2024 03:22AM

By Fanny Potkin

SHANGHAI/SINGAPORE (Reuters) - Tesla is pushing ahead with plans to power the global development of its self-driving system with data from China that could be processed within the country, part of a strategic shift by Elon Musk, according to people with knowledge of the work.

As part of that effort, Tesla has been developing plans for a data center in China to train the algorithm needed for more fully autonomous vehicles,... (continue reading...)


Spain will not authorise calling of ships carrying weapons for Israel May 17, 2024 03:14AM

MADRID (Reuters) - Spain will not authorise ships carrying weapons for Israel to call at its ports, Foreign Minister Jose Manuel Albares said on Friday, after the country refused to let a ship call at the southeastern port of Cartagena.

The ship was the first to be denied access to a Spanish port, Albares said, adding the refusal was consistent with the government's decision not to grant weapon export licences to Israel since Oct. 7, as Spain doesn't... (continue reading...)


Hedge funds play a weak Japanese yen May 17, 2024 03:11AM

By Nell Mackenzie

LONDON (Reuters) - Pressure on Japan to prop up a weak yen may have ebbed, but currency weakness remains a headache for Tokyo.

The yen is down 9.4% against the dollar so far this year, and looks set for a fourth year of declines. That's created a two-speed economy, with exports and tourism benefiting from a more competitive exchange rate while households and small businesses are squeezed by rising import prices.

... (continue reading...)

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