Nvidia, Foxconn to Develop New Class of Data Centers Focused on AI
Chip maker Nvidia is expanding its partnership with Taiwan’s Foxconn, and aims to develop a new class of data centers that can power artificial-intelligence services.
Australia’s Whitehaven to Buy Two BHP, Mitsubishi Coal Mines
Mining giant BHP Group and Japan’s Mitsubishi have agreed to sell two jointly owned steelmaking coal mines in Australia to Whitehaven Coal for up to $4.1 billion in cash.
China’s BYD Forecasts Higher Profit on Record EV Sales
The maker of electric vehicles and batteries expects third-quarter profit to rise at least 67% on the back of record electric-vehicle sales.
Glencore to Close Mount Isa Underground Copper Mines, Concentrator
Swiss commodities giant Glencore said it will close the Mount Isa Mines underground copper operations and copper concentrator in Australia in the second half of 2025.
Chevron Australia LNG Workers Back Labor Deal, Suspend Industrial Action
Workers at two natural-gas facilities operated by Chevron in Australia have called off plans to restart industrial action after endorsing draft deals on pay and conditions.
ASML Sees Flat Revenue in 2024
ASML said it sees 2024 as a transition year, expecting revenue to be similar to 2023, given uncertainty around the demand recovery in the semiconductor industry.
ABB Misses Views; Sees Improved Fourth Quarter
ABB reported third-quarter profit and revenue below forecasts, but said it expected an operational core earnings margin of around 16% and higher revenue growth in the final quarter of the year.
X Is Testing $1 Annual Fee in New Zealand, Philippines to Fight Spam
The platform formerly known as Twitter is testing Not A Bot subscription model for new users.
GM Delays Opening of Electric-Truck Factory
The automaker cited the need to manage capital spending and align with evolving EV demand.
Kaisa Creditors Reject Offshore Debt Restructuring Proposal
Chinese property developer Kaisa Group said creditors have rejected a proposal to restructure its offshore debt of more than $12 billion.
Source: Dow Jones Newswires