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WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday said U.S.-China trade talks were “far reaching, robust and highly satisfactory,” but the future of the short video app TikTok as well as the movement of Taiwan officials did not come up. Bessent, speaking after two days of bilateral talks between the world’s two largest economies…
(Reuters) -Citigroup has hired Pankaj Goel from JPMorgan Chase to co-lead its technology investment banking, according to a memo seen by Reuters on Tuesday. Goel, who has more than twenty years of technology experience, was most recently global chair of technology investment banking at JPMorgan, according to the memo, signed by Citi’s head of North…
(Reuters) -White House National economic adviser Kevin Hassett, in an apparent reference to Nvidia’s H20 AI chip shipments to China, said President Trump and his team decided to let the chips go in a bid to stop China from getting ahead in the race to make the best chips. Nvidia two weeks ago said it…
By Jody Godoy and Sarah N. Lynch (Reuters) -Two officials at the U.S. Department of Justice’s antitrust division have been fired for insubordination, a source familiar with the decision said on Tuesday, as controversy builds over how the DOJ reached a recent settlement greenlighting Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks. The source…
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By Manya Saini (Reuters) -Crypto custody startup BitGo said on Monday it has confidentially filed for a U.S. listing, joining a wave of companies looking to capitalize on strong market momentum. The crypto sector’s climb to a $4-trillion market value has reignited interest for initial public offerings, with clearer regulation, corporate treasury adoption, and institutional…
BRUSSELS (Reuters) -A growing number of European Union member states, including Germany, are considering using wide-ranging “anti-coercion” measures targeting U.S. services if the EU cannot reach a trade deal with U.S. President Donald Trump, EU diplomats say. Here are details of the bloc’s Anti-Coercion Instrument, which took effect at the end of 2023 and hitherto…
By Rishika Sadam and Sai Ishwarbharath B HYDERABAD/BENGALURU (Reuters) -U.S. retailer Costco Wholesale Corp will open its first technology centre in India in Hyderabad, two people familiar with the plans told Reuters. The Global Capability Centre, handling technology and research operations and working alongside global teams, will initially employ 1,000 people and scale up, sources…
By Phil Stewart WASHINGTON (Reuters) -The Pentagon announced on Monday it was ending its deployment of some 700 active-duty Marines sent to Los Angeles last month to protect federal property and personnel during a spate of protests tied to President Donald Trump’s immigration crackdown. The withdrawal follows last week’s decision to remove about half of…
