Reuters Financial News

(Reuters) — A group of wall street funds which lent cash to WeWork is exploring the possibility of a bankruptcy filing, the Wall Street Journal reported on Thursday citing people familiar with the creditors' talks.

China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to US interests and technological supremacy. Two years after it stopped promoting the Thousand Talents Plan (TTP) amid US investigations of scientists, China quietly revived the initiative under a new name and format as part of a broader mission to accelerate its tech proficiency, according to three sources with knowledge of the matter and a Reuters review of over 500 government documents spanning 2019 to 2023. The revamped recruitment drive, reported in detail by Reuters for the first time, offers perks including home-purchase subsidies and typical signing bonuses of 3 to 5 million yuan, or $420,000 to $700,000, the three people told Reuters. China operates talent programs at various levels of government, targeting a mix of overseas Chinese and foreign experts. The primary replacement for TTP is a program called Qiming overseen by the Ministry of Industry and Information Technology, according to national and local policy documents, online recruitment advertisements and a person with direct knowledge of the matter who, as with others, spoke on the condition of anonymity because of the issue's sensitivity. The race to attract tech talent comes as President Xi Jinping emphasises China's need to achieve self-reliance in semiconductors in the face of US export curbs.

US plane-maker Boeing has warned of delays in near-term delivery of 737 MAX jets due to a fresh quality issue. The development comes at a time when Air India and Akasa Air are both waiting for plane deliveries. The plane-maker said it was evaluating its annual 737 delivery target of 450 aircraft.

Reuters citing data from analytics firm S3 Partners. According to the report, S3 Partners said that bearish bets on the world’s largest chipmaker, have cost investors $11.36 billion in paper losses so far this year, neck-to-neck with Tesla as the worst performing short bet. Shares of Nvidia rose 7.4% at $506.30 before the opening bell on Thursday.

Reuters. Putin is famously known as the leader who does not, would not forgive. In a report AFP recollected that when in 2018 Putin was asked if he was able to forgive people's mistakes, Vladimir Putin thought for a split second.

US Federal Reserve Chair Jerome Powell. Federal Reserve officials and other global central bankers were headed to Jackson Hole, where Powell will address the symposium on Friday.

By Abigail Summerville

Nvidia's (NASDAQ:NVDA) latest quarterly earnings, unveiled last night, were nothing short of a thrilling surprise, exceeding already high expectations by a significant margin.

sugar exports for the 2023/24 season once firm estimates of total sugar cane production become available, the government said on Thursday. «Government's priority is to ensure sufficient availability of sugar for consumption, ethanol production and maintaining closing stocks of 6 million tonnes for 2023/24 season,» the Department of Food and Public Distribution said in a statement. Reuters on Wednesday reported that India expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields. India allowed mills to export only 6.1 million tonnes of sugar during the current season to Sept. 30, after letting them sell a record 11.1 million tonnes last season. The world's second-largest sugar exporter last year placed sugar in a restricted category until Oct.

By Ali Kucukgocmen and Jonathan Spicer

By Ahmad Ghaddar

By Safiyah Riddle

Popular sandwich chain Subway is selling itself to private equity firm Roark Capital for $9.55 billion. The deal ends a long-drawn auction that saw several competing bids and comes with several conditions that defer payment on part of the deal consideration. Founded in 1965, Subway is still owned by its founding families.

By Safiyah Riddle

By Stephen Nellis and Max A. Cherney

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BRICS - Brazil, Russia, India, China and South Africa: 6 more countries become members. The new members include Argentina, Iran, the United Arab Emirates, Saudi Arabia, Ethiopia and Egypt. South Africa's President Cyril Ramaphosa delivered an address on August 24 and declared the names of the new members while announcing the summit's outcomes.

reality, leaders had not yet signed a finalised admission framework, Reuters cited. Speaking on PM Modi introducing new admission criteria, an Indian official, close to the development told Reuters, "India pushed for consensus on criteria as well as the issue of (candidate) names. There was a broad understanding" Bloc heavyweight China has long called for an expansion of BRICS in an attempt to form a multipolar world order to challenge Western dominance.

Tata Consultancy Services (TCS), Infosys and LTIMindtree. It has a ‘Sell’ rating on Wipro and Tech Mahindra, while a ‘Neutral’ rating on HCL Technologies.

equity market was either likely or very likely. The remaining 22 said unlikely or very unlikely. Of 15 stock indices polled on, analysts forecast only four to rise more than 5% by year-end.