By Shariq Khan NEW YORK (Reuters) -Global oil demand will outpace supply next year, the U.S. Energy Information Administration said on Tuesday, reversing a prior forecast for a surplus. The change came after OPEC and its allies, collectively known as OPEC+, extended most of their deep oil output cuts into next year at a meeting …
Global oil market will be in supply deficit next year, EIA says Read More »
By Eduardo Baptista BEIJING (Reuters) – China is leading the world in adopting generative AI, a new survey shows, the latest sign the country is making strides in the technology that gained global attention after U.S.-based OpenAI’s ChatGPT launched in late 2022. In a survey of 1,600 decision-makers in industries worldwide by U.S. AI and …
China leads the world in adoption of generative AI, survey shows Read More »
By Leika Kihara TOKYO (Reuters) – Some market players called on the Bank of Japan to slow its bond buying to roughly half the current pace under a scheduled tapering plan due out this month, the central bank said on Tuesday. The request was made in a survey the BOJ conducted of bond market participants …
Some market players urge BOJ to halve bond buying as it eyes tapering Read More »
By Dawn Chmielewski, Lisa Richwine, Rocky Swift URAYASU, Japan (Reuters) -Walt Disney and Japan’s Oriental Land Company unveiled plans on Tuesday to launch a new cruise ship that will set sail from Tokyo in 2029, adding a ninth vessel to the brand’s growing fleet. The new ship will be modelled after the Wish, the largest …
Disney to add new ship in Tokyo to expanding cruise business Read More »
WASHINGTON (Reuters) – U.S. targeting of certain investments in artificial intelligence in China is narrowly targeted at clear national security risks, Treasury Secretary Janet Yellen told lawmakers on the U.S. House panel on financial services on Tuesday. “We’ve tried to target technologies that are critical and can contribute to military intelligence or cyber capabilities in …
US Treasury’s Yellen: China AI investment restrictions are narrowly targeted Read More »
By Davide Barbuscia and Karin Strohecker NEW YORK/LONDON (Reuters) -The BlackRock Investment Institute (BII) said on Tuesday that recent parliamentary elections in Britain had made valuation of UK equities attractive, while Japan stocks remained its favoured equity investment play. The British Conservative Party suffered a historic election defeat last week with a record number of …
BlackRock bullish on UK stocks after elections, Japan stocks are top play Read More »
MOSCOW (Reuters) – Russia and India agreed to increase cooperation in sectors ranging from nuclear power to shipbuilding and discussed how to fix payments problems as their leaders met in Moscow on Tuesday. Indian Prime Minister Narendra Modi is on a two-day visit to Moscow and met Russian President Vladimir Putin at an event that …
Russia talks up business with India as Modi visits Moscow Read More »
SINGAPORE (Reuters) – Singapore state fund Temasek will consider investing in fossil fuel and other carbon-intensive projects if they make environmental as well as commercial sense, it said on Tuesday, even as it aims to cut portfolio emissions to net zero by 2050. “One of the things we realised when we set this original (net-zero) …
Singapore’s Temasek doesn’t rule out high-carbon investments on road to net zero Read More »
By Sameer Manekar and Anshuman Daga SINGAPORE (Reuters) – Asia’s rich and their bankers said they are backing an eventual recovery in China and betting exposure to a region that even in a slowdown is the fastest-growing in the world will pay off. “You’ve got to have the fortitude and the forbearance to be able …
Asia investors wager on region’s rebound, China recovery Read More »
By Sameer Manekar and Una Galani SINGAPORE (Reuters) -DBS Group is looking for bolt-on acquisitions that would support its geographic and business strategy but has ruled out making a major buy to save itself from distraction, Piyush Gupta, CEO of the Singapore bank, said on Tuesday. In an interview at the Reuters NEXT forum in …
DBS CEO says bank hunting for bolt-on deals, not game-changing ones Read More »
