(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set…
Category: Business
Tankers queue near old Venezuela oil port ahead of US license expiry, data shows
(Reuters) -Tankers are lining up near an old oil port at Venezuela’s Western region to load crude cargoes and depart…
Toyota Industries shares poised to surge on potential buyout
TOKYO (Reuters) -Shares of Toyota Industries were set to surge on Monday after Japanese automaker Toyota said over the weekend…
China’s Xi calls for self sufficiency in AI development amid U.S. rivalry
By James Pomfret and Summer Zhen HONG KONG (Reuters) -China’s President Xi Jinping pledged “self-reliance and self-strengthening” to develop AI…
Toyota considers investing in potential $42 billion buyout of key supplier
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) -Toyota Motor said it is exploring the possibility of investing in a…
China’s Huawei develops new AI chip, seeking to match Nvidia, WSJ reports
(Reuters) -China’s Huawei Technologies is preparing to test its newest and most powerful artificial-intelligence processor, hoping to replace some higher-end…
AbbVie lifts profit forecast, downplays tariff threat
By Christy Santhosh and Puyaan Singh (Reuters) -AbbVie raised its full-year profit forecast on Friday while downplaying the potential hit…
Freeport-McMoRan profit slightly beats, flags higher costs amid tariffs
(Reuters) -Copper miner Freeport-McMoRan <FCX.N> reported a first-quarter profit on Thursday that slightly beat Wall Street’s expectations but said tariffs…
PulteGroup beats quarterly results estimates as incentives lift housing demand
(Reuters) -PulteGroup’s first-quarter profit and revenue beat Wall Street estimates on Tuesday, as the company’s incentives helped improve housing demand.…
AI economic gains likely to outweigh emissions cost, says IMF
(Reuters) -Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing…