Business & FinanceDeals
Reuters exclusively reported[1] that Qatar’s sovereign wealth fund has agreed to buy a 10% stake in China’s second-largest mutual fund company, underscoring Beijing’s increasing ties with the Middle East amid rising tensions with
JPMorgan payments chief Georgakopoulos to leave
Reuters exclusively reported[1] that JPMorgan Chase’s global head of payments, Takis Georgakopoulos, is leaving to pursue other opportunities, prompting the bank to install new leaders atop one of its fastest-growing divisions.
Market
TikTok preparing a US copy of the app’s core algorithm
Technology
Reuters exclusively reported[1] that TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version that operates independently of its Chinese parent and be more palatable to American Post-COVID, China is back in Africa and doubling down on minerals
A Reuters analysis[1] of lending, investment and trade data revealed that China’s flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus.
Market Impact
Chinese sovereign lending,India's Reliance to buy Russian oil in roubles
Reuters exclusively reported[1] that India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal with Russia’s Rosneft to buy at least 3 million barrels of oil a month in roubles.
Market Impact
Read more https://www.reutersagency.com/en/reutersbest/article/indias-reliance-to-buy-russian-oil-in-roubles/
Saudi Arabia plans Aramco share sale as soon as June
Reuters exclusively reported[1] that Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals.
Market Impact
The Saudi government remains overwhelminglyNvidia cuts China prices in Huawei chip fight
Reuters exclusively reported[1] that Nvidia’s most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a rival chip from Chinese tech giant Huawei.
Market Impact
Read more https://www.reutersagency.com/en/reutersbest/article/nvidia-cuts-china-prices-in-huawei-chip-fight/