Aug 1 Reuters Advanced Micro Devices on Tuesday forecast a strong finish to the year, driven by the planned launch of artificialintelligence chips that could compete with Nvidia semiconductors. AMD shares rose about 3 in afterhours trading. CEO Lisa Su said AMD is set to ramp up production of its flagship MI300 artificialintelligence chips in the […]

Aug 1 Reuters Starbucks missed market expectations for quarterly comparable sales on Tuesday, with demand for its coffees and cold drinks showing some signs of tapering in the North American and international markets even as China sales rebounded sharply. The world39;s largest coffeehouse chain has targeted its younger, wealthier U.S. customer base by launching new drinks […]

NEW DELHI, Aug 2 Reuters Chinese automaker BYD faces an ongoing Indian investigation over allegations that it paid too little tax on imported parts for cars it assembles and sells in the country, two sources with direct knowledge of the matter said. India39;s Directorate of Revenue Intelligence DRI has alleged that China39;s largest electric vehicle EV […]

BENGALURU, Aug 2 Reuters Twowheeler maker Hero MotoCorp on Wednesday raised prices of the new Indian HarleyDavidson motorcycle by 10,500 rupees 127.45 days after the Harley chief executive said preorders of the new model exceeded the company39;s expectations. The HarleyDavidson X440 will be priced at 239,500 rupees 2,905.06 and above, with the hike applicable for all […]

Aug 2 Reuters CocaCola Europacific Partners said on Wednesday it intends to jointly acquire CocaCola Beverages Philippines with Aboitiz Equity Ventures AEV for 1.8 billion, in an effort to become the world39;s largest CocaCola bottler by revenue and volumes. The deal to buy CocaCola39;s Philippines business in cash will be on 6040 ownership structure between CCEP and […]

LONDON, Aug 1 Reuters The crypto arm of Japanese investment bank and brokerage Nomura said on Tuesday it had won an operating licence in Dubai, the latest in a number of mainstream financial institutions this year to enter the crypto sector. Laser Digital, which is headquartered in Switzerland with officers in Dubai and London, said in […]

Aug 2 Reuters Binance users traded cryptocurrencyrelated assets worth 90 billion in a single month in China, where such trading has been illegal since 2021, the Wall Street Journal reported, citing internal figures, and current and former employees of the exchange. The transactions made China Binance39;s biggest market by far, accounting for 20 of volume worldwide, […]