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Nubank launches US high-yield savings account, credit cards, remittances
3+ day, 10+ hour ago (299+ words) By Tatiana Bautzer and Andre Romani NEW YORK/SAO PAULO, Sept 10 (Reuters) – Brazilian digital bank Nubank will start offering financial products in the U.S. on Thursday through bank partners, it announced in a securities filing. The initial products will be…...
Micro Modular Reactor to be installed at Naval Weapon Station Crane
4+ day, 9+ hour ago (79+ words) 102.7 WBOW Micro Modular Reactor to be installed at Naval Weapon Station Crane CRANE, Ind. (WTWO/WAWV) — The Department of Defense announced the planned installation of an advanced nuclear Micro Modular Reactor at the Naval Weapons Station Crane, the first of…...
Exclusive-South Korean FX authorities bought $20 billion in repatriated SK Hynix funds, source says
1+ week, 4+ day ago (347+ words) SEOUL, Sept 2 (Reuters) – South Korean foreign exchange authorities bought about $20 billion in U.S. dollars that SK Hynix sold after its $26.5 billion American depositary receipt listing in July, a source with direct knowledge of the matter said on Wednesday. The Foreign…...
US urges hands-off approach to AI regulation at G20 tech meeting
1+ week, 5+ day ago (588+ words) CHAPEL HILL, North Carolina, Sept 1 (Reuters) – The U.S. on Tuesday pressed G20 members to take a hands-off approach to AI regulation and avoid creating new rules for the technology at a gathering of industry titans and commerce ministers in North Carolina....
OVHcloud gets French security certification for public cloud, plans European roll-out
1+ week, 5+ day ago (134+ words) Sept 1 (Reuters) – OVHcloud has obtained France’s SecNumCloud cybersecurity qualification for its public cloud offering, as the country tightens rules governing where sensitive state data can be stored and processed, the company said on Tuesday. The French cloud provider said the…...
Yen lingers near 160 as Bessent leans on BOJ, bonds sell off
1+ week, 5+ day ago (568+ words) SINGAPORE, Sept 1 (Reuters) – The yen steadied near 160 per dollar on Tuesday after U.S. Treasury Secretary Scott Bessent ramped up pressure on the Bank of Japan to raise rates this month, while a bond selloff following renewed Gulf attacks left investors…...
Australian bank investors brace for tough times as mortgage demand plummets
2+ week, 5+ day ago (648+ words) By Christine Chen and Scott Murdoch SYDNEY, Aug 25 (Reuters) – Investors are questioning the rich valuations on Australia’s biggest banks as a downturn in lucrative mortgage lending threatens to stifle growth and intensify competition for borrowers. The so-called “Big Four” banks…...
ACE Robotics chairman says robot brains will have ‘ChatGPT moment’ by end of 2027
3+ week, 1+ day ago (599+ words) (Corrects Wang Xiaogang’s title to chairman, not CEO, of ACE Robotics in headline and paragraph 1) BEIJING, Aug 21 (Reuters) – Humanoid robot brains could see a breakthrough by late next year similar to the dramatic impact ChatGPT had on AI usage, the…...
Treasury buyback renews dollar-debasement fears | 102.7 WBOW | The Valley's Greatest Hits | Terre Haute, IN
3+ week, 1+ day ago (569+ words) NEW YORK, Aug 21 (Reuters) – The U.S. Treasury’s move to expand purchases of older long-dated bonds has revived a familiar worry in foreign-exchange markets: if Washington will not let borrowing costs rise, will the dollar end up absorbing the adjustment instead?...
How Tether’s bitcoin mining plans in Uruguay unraveled
3+ week, 1+ day ago (1293+ words) By Lucinda Elliott and Elizabeth Howcroft MONTEVIDEO/PARIS, Aug 21 (Reuters) – Uruguay seemed like the perfect place for cryptocurrency giant Tether to launch a bitcoin mining operation. The company, which has issued nearly two thirds of all stablecoins in circulation, picked…...