Nvidia Hits 1 Trillion in Market Value on Booming AI Demand

May 30 Reuters Nvidia Corp on Tuesday became the first chipmaker to join the trilliondollar club, as the company bets on a surge in demand for its AI chips that power chatbot sensation ChatGPT and many other applications. The gaming and AI chip company39;s shares rose 4.2. Taiwan Semiconductor Manufacturing Co Ltd is the next largest chipmaker […]
Read More

Nestle Hires LSEGs Anna Manz as CFO

LONDONBERLIN, May 30 Reuters Nestle, the world39;s biggest packaged food company, said on Tuesday it had hired the London Stock Exchange Group39;s LSEG finance chief Anna Manz as its new chief financial officer. Manz will replace FrancoisXavier Roger, who the company said is stepping down to pursue new professional challenges after eight years in the […]
Read More

UKs Asda to Buy EG Petrol Stations Unit in 2.9bln Deal

LONDON, May 30 Reuters British supermarket Asda said it would buy the bulk of petrol station operator EG Group39;s UK and Ireland business to speed up its move into the convenience sector, creating a company with combined revenue of nearly 30 billion pounds 38 billion. Asda, Britain39;s thirdlargest grocer, and EG are both owned by […]
Read More

Oil Falls on US Debt Deal Struggles, OPEC Talks Uncertainty

TOKYO, May 30 Reuters Oil fell on Tuesday, giving up earlier gains, as concerns about the viability of the U.S. debt ceiling pact cooled the market39;s riskon sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend. Brent crude futures fell 59 cents, or 0.8, to 76.48 a […]
Read More

Small Investors are Souring on Chinas Recovery

Mainland stockmarkets handing back postpandemic gains Small investors play outsized role, say they are staying out Deposits swell in flight to safety SHANGHAISINGAPORE, May 30 Reuters The last great hope for China39;s faltering postpandemic rally is fading as the nation39;s legion of smalltime investors turns bearish on equities to double down instead on safer assets […]
Read More