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By Phoebe Seers LONDON, May 6 (Reuters) – The fast-growing private credit industry’s deepening links with traditional banks and asset managers create risks to the global financial system, the global Financial Stability Board watchdog said on Wednesday, warning some broader measures showed upwards trends of defaults. Signs of some underlying stress are emerging across private credit – typically lending to mid-sized companies by non-banks – including rising defaults, while a […]

May 6 (Reuters) – China’s biggest state-backed semiconductor investment vehicle, China Integrated Circuit Industry Investment Fund, is in talks to lead the financing of DeepSeek’s first fundraising that could value the frontier AI lab at about $45 billion, the Financial Times reported on Wednesday, citing four people with knowledge of the discussions.  (Reporting by Akanksha Khushi in Bengaluru; Editing by Sonia Cheema) Brought to you by www.srnnews.com

Mike Trout hit his 415th career homer, singled, walked twice and scored two runs to lead the Los Angeles Angels to a 4-3 victory over the Chicago White Sox on Tuesday night in Anaheim, Calif. Zach Neto went 2-for-4 with a home run and Jorge Soler also hit a home run for Los Angeles, which snapped a two-game skid and won for just the second time in 11 games. Jose […]

PESHAWAR, Pakistan, May 6 (Reuters) – The United States will close its consulate in Pakistan’s Peshawar, citing the safety of its diplomats, the State Department said in a statement published on Tuesday. The U.S. embassy in Islamabad will handle all diplomatic engagement with Khyber Pakhtunkhwa province, where Peshawar is the capital, the State Department said. “This decision reflects our commitment to the safety of our diplomatic personnel and efficient resource […]

BERLIN, May 6 (Reuters) – BMW’s pre-tax earnings slumped by 25% in the first quarter of the year and its core operating margin narrowed, but the German premium carmaker still beat estimates amid tariff pressures and a difficult market in China. The company said on Wednesday its pre-tax earnings came in at 2.3 billion euros ($2.70 billion) in the first quarter, compared with analysts’ forecast of 2.2 billion euros in […]

May 6 (Reuters) – Dutch healthcare technology group Philips reported first-quarter revenues and margins above market expectations on Wednesday, with order intake growth helped by demand in North America and Europe.  Sales at the group, which makes products ranging from toothbrushes to medical imaging systems, grew 4% on a comparable basis to 3.91 billion euros ($4.59 billion) in the quarter ended March 31. That resulted in adjusted earnings before interest, […]

GUATEMALA CITY (AP) — Guatemalan President Bernardo Arévalo on Tuesday appointed a new attorney general and head of the prosecutor’s office, putting an end to a fierce, years-long struggle between the anti-corruption progressive and former top prosecutor Consuelo Porras, who has been sanctioned by 40 countries for obstructing anti-corruption efforts. He appointed lawyer Gabriel Estuardo García Luna to the position, marking a win for the Guatemalan president who has often […]

MELBOURNE, Australia (AP) — A number of Australian women with alleged ties to Islamic State group militants will be arrested and face criminal investigations if they return from Syria, police said Wednesday. The Australian government had been alerted Wednesday that four women and nine children had booked flights from Damascus to Australia, Home Affairs Minister Tony Burke said. He did not say when they were expected to arrive. Australian Federal […]

COLUMBIA, S.C. (AP) — An election-year redistricting movement has spread to South Carolina as Republicans attempt to redraw majority-Black congressional districts that have suddenly become susceptible because of a U.S. Supreme Court ruling upending protections for minority voters. Urged on by President Donald Trump, South Carolina Republicans are attempting to redraw a district long held by a Black Democratic lawmaker in their quest for a clean sweep of the state’s […]