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Ohio governor calls special session to get Biden on ballot May 23, 2024 07:21PM

By Jasper Ward

(Reuters) - Ohio Governor Mike DeWine on Thursday called a special session of his state's legislature to get President Joe Biden on its ballot for the Nov. 5 presidential election.

The session, which will be held on May 28, aims to pass legislation ensuring both Biden and Republican presidential candidate Donald Trump will be on Ohio's ballot in November, DeWine said in a statement.

The move by the Republican... (continue reading...)


Tennessee AG investigating company that tried to auction Graceland May 23, 2024 07:08PM

By Brad Brooks

(Reuters) - Tennessee's attorney general said on Thursday that his office was investigating a company's effort to auction off Graceland, singer Elvis Presley's famed mansion in Memphis.

Attorney General Jonathan Skrmetti said in a statement that his office was investigating if any fraud was carried out by Naussany Investments & Private Lending, which on Wednesday abandoned its plan to auction Graceland.

... (continue reading...)


Analysis-US stock changes push FX trades into Asia's 'twilight zone' May 23, 2024 07:05PM

By Tom Westbrook

SINGAPORE (Reuters) - A shortening of U.S. stock settlement window next week is expected to upend trading for Asian money managers, pushing some to secure funds in the early hours of their mornings when currency markets are at their thinnest and most jumpy.

From May 28, investors from Singapore, Tokyo or Seoul who buy U.S. shares during the Wall Street day will have just 24 hours to validate their trades and convert their... (continue reading...)


Explainer-China's latest property market support package - its contents and what's at stake May 23, 2024 07:05PM

By Clare Jim

HONG KONG (Reuters) - China announced "historic" steps last week to stabilise its crisis-hit property sector, aiming to clear inventory and boost homebuyer demand.

Here is what we know so far:

WHAT ARE THE NEW MEASURES?

The package includes cutting downpayment requirements and removing the floor for mortgage rates to entice buyers back into the market.

Local governments can instruct... (continue reading...)


Exclusive-Samsung's HBM chips failing Nvidia tests due to heat and power consumption woes, sources say May 23, 2024 07:03PM

By Heekyong Yang and Fanny Potkin

SEOUL/SINGAPORE (Reuters) - Samsung Electronics' latest high bandwidth memory (HBM) chips have yet to pass Nvidia's tests for use in the U.S. firm's AI processors due to heat and power consumption problems, three people briefed on the issues said.

The problems affect Samsung's HBM3 chips, which are the fourth-generation HBM standard currently most used in graphics processing units (GPUs) for artificial... (continue reading...)


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