Reuters Asia Business

SEOUL (Reuters) – Samsung Electronics said on Thursday it agreed to acquire Oxford Semantic Technologies, a British startup specialising in technology that can be used for more sophisticated artificial intelligence (AI) applications. Samsung did not disclose the value of the deal. Oxford Semantic Technologies specialises in knowledge graph technology, which stores information as an interconnected …

Samsung agrees to acquire British startup Oxford Semantic for AI Read More »

By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – The move to ease monetary policy among major central banks is proving much slower than the race to jack up interest rates from late 2021 to curtail surging inflation. The European Central Bank left rates steady on Thursday, after delivering a first cut in June. The …

Big central banks are starting to cut rates, slowly Read More »

By Yimou Lee, Ben Blanchard and Faith Hung TAIPEI (Reuters) – Taiwan’s TSMC, the world’s largest contract chipmaker, raised its full-year revenue forecast on Thursday given surging demand for chips used in artificial intelligence, and rejected the idea of a joint venture factory in the United States. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major …

TSMC rides AI demand to raise revenue forecast, says no to US joint venture Read More »

LONDON (Reuters) – Executives from French cognac companies and European Union officials on Thursday attended a hearing in Beijing related to China’s anti-dumping investigation into EU brandy, the French cognac association said in a statement. Beijing announced its anti-dumping probe on EU brandy in January, saying European producers were selling into China at below-market rates. …

Cognac executives, EU officials attend Beijing hearing on brandy dumping Read More »

TOKYO (Reuters) -A senior Bank of Japan official said the central bank wants to maintain an accommodative monetary environment as much as possible, Jiji news agency reported on Thursday. The central bank’s next policy meeting will be a “very important” one, Kazushige Kamiyama, the BOJ’s Osaka branch manager, was quoted as saying by Jiji. Kamiyama, …

BOJ wants to maintain accommodative monetary environment, Jiji reports Read More »

By Julie Zhu HONG KONG (Reuters) – PricewaterhouseCoopers (PwC) has asked its China-based partners to take a pay cut of up to 50%, two people with knowledge of the matter said, as a regulatory probe into the firm and departure of some of its corporate clients prompt cost cuts and layoffs. Chinese authorities have been …

Exclusive-Hit by client exits, PwC to slash China partners’ pay, sources say Read More »

BANGKOK (Reuters) – Thailand’s government will meet next week with commercial banks and state agencies to investigate transactions allegedly used for weapons purchases by Myanmar’s junta, and urge tighter scrutiny, the foreign minister said on Thursday. Thai bank representatives last week told a parliamentary committee they had followed regulations but lacked capacity to investigate all …

Thai government to meet banks over alleged transactions for Myanmar arms  Read More »