(Reuters) - Hawaiian Electric Industries (HEI) said on Monday Paul Ito would be CFO of Hawaiian Electric through Dec. 31, 2024, following planned retirement of Tayne Sekimura.
(Reporting by Seher Dareen in Bengaluru; Editing by Shweta Agarwal)
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TORONTO — Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada's main stock index fell more than two per cent. U.S. stock markets also tumbled the day after the U.S. Federal Reserve's latest rate decision. The Fed held its key interest rate steady, but indicated another hike could be coming in 2023, and halved its projected cuts in 2024. It credited an economy that’s proven more resilient than expected and predicted inflation wouldn’t reach the central
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(Bloomberg) -- Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions and are aimed at helping the bank deal with a challenging economic environment.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalVegas’ Newes
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Key gauges of Chinese stocks have hit their lowest levels in about 10 months.
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China's craze over generative artificial intelligence has triggered a flurry of product announcements from startups and tech giants on an almost daily basis, but investors are warning a shake out is imminent as cost and profit pressures grow. The buzz in China, first ignited by the success of OpenAI's ChatGPT almost a year ago, has given rise to what a senior Tencent executive described this month as "war of a hundred models", as it and rivals from Baidu to Alibaba to Huawei promote their offerings. China now has at least 130 large language models (LLMs), accounting for 40% of the global total and just behind the United States' 50% share, according to brokerage CLSA.
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OTTAWA — The Bank of Canada was watching its words at its last interest rate announcement, in fear of spurring speculation that rate cuts are coming any time soon. That's according to the central bank's summary of deliberations released Wednesday detailing what the governing council discussed in the lead-up to its last rate decision. The Bank of Canada held its key interest rate steady at five per cent earlier this month amid signs of the economy weakening. "(The governing council) also consider
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HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast plans to ship its first EVs to Europe this year after receiving regulatory approval, its CEO told Reuters on Thursday, as the European Union considers imposing tariffs on its Chinese rivals. Under the plan, about 3,000 of its VF8 crossovers would be delivered to France, Germany and the Netherlands in the fourth quarter of this year from VinFast's factory in northern Vietnam, a person familiar with the plan told Reuters. The Nasdaq-listed company's plan to expand into Europe would represent a four-fold increase from a previous unmet target of delivering 700 cars by last July, and comes as the EU probe into Chinese EV makers creates a possible gap in the market.
