Indonesia president launches China-based BTR’s anode plant
By Fransiska Nangoy JAKARTA (Reuters) - Indonesia's President Joko "Jokowi" Widodo on Wednesday launched a plant built by China's BTR New Material Group and Singapore's Stellar Investment that will produce anode materials for EV batteries. In the first phase, the companies invested
Tech boom leads global markets through first half of 2024
By Marc Jones and Rodrigo Campos LONDON/NEW YORK (Reuters) - The unstoppable march of the mega caps, sloth-like central bank pivots, political palpitations aplenty and M&A is back - the first half of 2024 has been another whirlwind in world markets. Forecasts
Reddit seeks up to $6.5 billion valuation in IPO, source says
By Echo Wang (Reuters) - Media platform Reddit is eyeing a valuation of up to $6.5 billion in its initial public offering, two people with the matter told Reuters on Friday, far less than what it was worth a few years
Next DLP brings shadow SaaS into the light
Next DLP ("Next"), a leader in insider risk and data protection, announced the launch of Reveal SaaS Access Security to its industry-leading Reveal Platform. This new functionality marks a significant advancement in addressing the pervasive challenges of shadow software-as-a-service (SaaS) usage and
High-flyer Super Micro shares hit record, then sink 20%
By Sinéad Carew (Reuters) - Shares in Super Micro Computer Inc finished down 20% on Friday after hitting a record high earlier in the day as investors took a break after betting on the stock as a big beneficiary of strong
SAP board chair designate to resign, Ala-Pietila nominated as successor
By Utkarsh Shetti (Reuters) - German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit Renjen decided to resign, SAP said on Sunday. Ala-Pietila, a
Expedia shares sink after 2024 revenue warning on softening air fares
By Pratyush Thakur (Reuters) - Shares of Expedia Group closed down 18% on Friday, their biggest single-day drop in nearly four years, after the online travel firm said it expected 2024 revenue growth rates to moderate as air fares soften from
Arm shares surge on strong forecast of AI-fueled chip upgrades
By Stephen Nellis, Max A. Cherney and Arsheeya Bajwa (Reuters) - Arm surged more than 30% on Wednesday after the British tech company forecast quarterly sales and profit above Wall Street expectations as customers aim to design new chips for artificial
Amazon jumps as AI, retail strength power revenue growth
By Akash Sriram and Aishwarya Venugopal (Reuters) - Amazon.com shares surged 7% on Friday after the e-commerce heavyweight reported higher-than-expected holiday quarter sales and its lucrative cloud business signaled early gains from AI-powered features. The company joined Microsoft and other tech firms