Investing.com – Shares in European chipmaking and data center-exposed stocks tumbled on Monday as investors fretted over the implications of the release of a new artificial intelligence model from Chinese firm DeepSeek. The start-up has launched a free assistant to rival that of OpenAI’s ChatGPT, with the group saying that its technology offers similar performance despite…
Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a week in which the Federal Reserve holds a policy-setting meeting. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket…
Inveting.com — Bureau Veritas SA (EPA:BVI) and SGS SA (SIX:SGSN) on Monday called off discussions that were aimed at forming a global leader in the product-testing industry, without providing an explanation. In separate announcements on Monday, the French company Bureau Veritas and the Swiss firm SGS, headquartered in Geneva, confirmed the end of their talks. …
Investing.com — Universal Music Group (AS:UMG) and Spotify (NYSE:SPOT) have announced a new multi-year deal for recorded music and publishing, the companies announced in a Sunday statement. The agreement includes a direct license between Spotify and UMG, spanning the US and several other countries, they said. “Under the new agreements, UMG and Spotify will collaborate…
On Monday, German business sentiment showed an unexpected improvement, with the Ifo institute’s business climate index climbing to 85.1 in January, up from 84.7 in December, a surprise to analysts who had anticipated the index to remain steady at the previous month’s level. Reuters’ analyst poll had forecast 84.7. The survey indicated that the uplift…
Investing.com — Shares of British Land (LSE:LON:BLND) fell 1.5% after the company announced the sale of a 50% stake in Broadgate REIT, which is developing the 2 Finsbury Avenue scheme in London. The stake was sold to Modon, an Abu Dhabi-listed developer, leaving British Land and GIC each with a 25% interest. The transaction involves…
Investing.com — The British pound may see a boost if U.K. Treasury chief Rachel Reeves’ speech about potential new measures to stimulate economic growth is favorably received. This prediction comes from analysts at Monex Europe, who shared their thoughts in a recent note, the Wall Street Journal reported. Reeves is slated to reveal a series…
SHANGHAI (Reuters) – China’s central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January. The People’s Bank of China (PBOC) said the repo operations aimed to “keep banking system liquidity reasonably ample”. The tenors of the repos for the month were 3 and 6 months. Separately, the PBOC…
Investing.com — Nissan (OTC:NSANY) Motor Co. is planning to fix its financial difficulties without shutting down any factories, Bloomberg reported on Monday, citing sources. The company is focusing on reducing and consolidating its production lines in Japan and abroad as a cost-cutting measure, the report said. There might also be reductions in employee work shifts,…
Investing.com — Morgan Stanley (NYSE:MS) lifted its rating on LVMH (EPA:LVMH) stock to Overweight from Equal Weight, citing “materially improved” prospects for the luxury fashion giant and company-specific factors. The upgrade comes despite challenges that LVMH is expected to face in 2025, including difficulties with certain brands and divisions such as Dior and Wines &…
