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Exclusive-ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light, sources say

Exclusive-ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light, sources say

BEIJING/SINGAPORE, Dec 10 (Reuters) - ByteDance and Alibaba have asked Nvidia about buying its powerful H200 AI chip after U.S. President Donald Trump said he would allow it to be exported to China, four people briefed on the matter told Reuters.

Trading Day: Nervy Fed vigil almost over

Trading Day: Nervy Fed vigil almost over

ORLANDO, Florida, Dec 9 (Reuters) - U.S. stocks, bonds and the dollar held relatively steady on Tuesday as investors braced for the Federal Reserve's policy decision on Wednesday, while surprisingly hawkish remarks from Australia's central bank governor rocked markets there. More on that below.

ZTE Faces Potential $1 Billion Payment to U.S. Amid Bribery Allegations

ZTE Faces Potential $1 Billion Payment to U.S. Amid Bribery Allegations

ZTE Corporation, a major Chinese telecommunications equipment manufacturer, is reportedly facing the possibility of paying over $1 billion to the U.S. government to settle longstanding allegations of foreign bribery. This development comes as part of ongoing investigations into ZTE's alleged practices of securing telecom contracts through bribes, a matter that has been under scrutiny by global authorities for several years. Previously, ZTE had paid approximately $2 billion in penalties to U.S. authorities for export violations during President Trump's first term. The company's shares have reacted negatively to the news, with its Hong Kong-listed stock dropping 9.8% to HK$28.54, marking its lowest point since November 24. Similarly, its Shenzhen-listed shares fell by 7.6% to 38.76 yuan. Despite these challenges, ZTE has stated that it remains in communication with the U.S. Department of Justice and that its production and operations continue as normal.

IMF urges China to speed up structural reform, raises growth forecasts

IMF urges China to speed up structural reform, raises growth forecasts

BEIJING, Dec 10 (Reuters) - The International Monetary Fund on Wednesday urged China to speed up structural reform, as global pressure mounts on the world's second-largest economy to shift to a consumption-led growth model and rein in debt-driven investment and exports.

Nvidia shares gain as Trump allows some AI chip sales to China

Nvidia shares gain as Trump allows some AI chip sales to China

By Kanchana Chakravarty Dec 9 (Reuters) - Nvidia shares rose 1.7% in U.S. premarket trading on Tuesday after President Donald Trump said he will allow the sale of its H200 chips to approved Chinese customers, easing concerns over access to one of its biggest markets.

Trump approves sale of more advanced Nvidia computer chips used in AI to China

Trump approves sale of more advanced Nvidia computer chips used in AI to China

President Donald Trump says he will allow Nvidia to sell its H200 computer chip used in the development of artificial intelligence to “approved customers” in China

Commerce Department to Permit Nvidia H200 Chip Exports to China Amid Strategic Concerns

Commerce Department to Permit Nvidia H200 Chip Exports to China Amid Strategic Concerns

Commerce Department to Permit Nvidia H200 Chip Exports to China Amid Strategic Concerns

Morning Bid: Wobbling bonds find a level as Fed meets

Morning Bid: Wobbling bonds find a level as Fed meets

By Mike Dolan Dec 9 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Fed week got off to a rocky start in global markets, courtesy of bond market hits across the world, but government debt yields stabilized on Tuesday as the Federal Reserve started

The Latest: Trump approves sale of more advanced Nvidia computer chips used in AI to China

The Latest: Trump approves sale of more advanced Nvidia computer chips used in AI to China

President Donald Trump says he'll allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China

U.S. Authorities Disrupt $160 Million Nvidia GPU Smuggling Scheme to China

U.S. Authorities Disrupt $160 Million Nvidia GPU Smuggling Scheme to China

U.S. authorities have dismantled a smuggling network that attempted to illegally export Nvidia AI chips worth over $160 million to China. The operation, known as 'Operation Gatekeeper,' was led by the U.S. Attorney's Office for the Southern District of Texas. Two businessmen were arrested, and a Houston-based company, Hao Global LLC, along with its owner, pleaded guilty to the charges. The smuggling involved falsifying shipping documents to misclassify the GPUs and conceal their destinations, which included China and Hong Kong. The chips in question, Nvidia's H100 and H200 models, require special licenses for export to China due to their potential military and civilian applications. The investigation revealed that more than $50 million in funds from China were used to support the scheme.

China's Rare Earth Exports Surge After Xi-Trump Meeting

China's Rare Earth Exports Surge After Xi-Trump Meeting

China's rare earth exports saw a significant increase in November, following a meeting between President Xi Jinping and President Trump. The exports rose by 26.5% from October, reaching 5,493.9 metric tons. This increase marks the second consecutive month of growth. The rise in exports comes after China introduced 'general licences' to expedite shipments, a move likely influenced by the recent high-level meeting. These minerals are critical for various industries, including automotive, consumer electronics, and defense.

Italy sets tough terms on personal data protection to clear Chinese JD.com's takeover of Ceconomy

Italy sets tough terms on personal data protection to clear Chinese JD.com's takeover of Ceconomy

By Giuseppe Fonte ROME, Dec 9 (Reuters) - Italy has set tough terms on personal data protection to clear Chinese e-commerce giant JD.com's takeover of German electronics retailer Ceconomy, a government decree seen by Reuters showed on Tuesday.