By Wen-Yee Lee and Hyunjoo Jin TAIPEI/SEOUL (Reuters) - Nvidia’s $5 billion investment in Intel is a double-edged sword for Asian chipmakers such as TSMC as an Intel revival could ease U.S. scrutiny on its foreign rivals although it can boost competition in the long term. The world’s most valuable company announced the equity investment on Thursday, which will make it one of Intel’s biggest ...
Investing.com -- TUI AG stock gained 1% on Thursday following the announcement of a strategic alliance with the Omani government that includes a share issuance at a premium. The German travel and tourism company is issuing 8 million shares at €9.50 per share to the Oman Tourism Development Company (OMRAN), representing a 20% premium to Wednesday’s closing price. The deal will give OMRAN a 1.4% ...
Investing.com -- U.S. chip designer Nvidia has signed a letter of intent to potentially invest $500 million in British autonomous driving technology company Wayve’s upcoming funding round, the UK firm announced Thursday. The London-based Wayve, which currently operates in Britain and the United States, has been expanding its testing and development efforts to additional markets including Germany ...
Investing.com -- Global and U.S. equity funds recorded their biggest weekly inflows since December, according to Bank of America. Investors poured $68.4 billion into global stock funds in the week to Sept. 17, including $57.7 billion into U.S. equities. Emerging markets drew $7.6 billion, the most in five months, led by $5.4 billion into China. Cash funds saw $4.8 billion of outflows, their first ...