By Clare Jim HONG KONG (Reuters) – After a pandemic-induced lull spanning more than three years, mainland Chinese are snapping up homes in Hong Kong, accounting for up to a third of new property sales weeks after the city removed all additional stamp duties on foreign buyers. The surge of mainland Chinese buyers into one …
Mainland Chinese surge into Hong Kong property after stamp duties scrapped Read More »
By Rocky Swift TOKYO (Reuters) – Japan welcomed 2.79 million visitors in February, a record for the month and the most for any month since the COVID-19 pandemic began, boosted by travel during Lunar New Year holidays. The number of foreign visitors for business and leisure was up from 2.69 million in January, data from …
Japan saw record 2.79 million visitors in February due to Lunar New Year boost Read More »
By Kevin Buckland TOKYO (Reuters) -The yen weakened and Japanese government bond yields fell after the Bank of Japan on Tuesday announced an exit from years of ultra-easy monetary policies, marking a historic shift from a decades-long fight against deflation. The Nikkei share average rose, reversing morning losses, following volatile trading immediately after the central …
Yen down with JGB yields, stocks rally after landmark BOJ policy pivot Read More »
(Reuters) – The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus. The shift makes Japan the last central bank to exit negative rates and ends an era …
SEOUL (Reuters) – South Korea will provide tax cuts for companies that raise shareholder returns and also cut taxes on dividend income for shareholders in the firms, the finance minister said on Tuesday. Finance Minister Choi Sang-mok said specific details of the tax cuts would be determined and announced after hearing different opinions at a …
S.Korea to cut corporate, dividend income tax to boost shareholder returns Read More »
JAKARTA (Reuters) – Indonesia’s government has proposed to top up investment in state companies by $3.7 billion in 2024 and 2025, including for construction companies to finish infrastructure projects, a cabinet minister said on Tuesday. The proposals were presented by State-Owned Enterprises (SOEs) Minister Erick Thohir to a parliamentary commission overseeing state investments. They need …
Indonesia proposes injecting $3.7 billion into state firms in 2024, 2025, minister says Read More »
By Max A. Cherney and Stephen Nellis SAN JOSE, California (Reuters) -Artificial-intelligence semiconductor powerhouse Nvidia unveiled a flagship AI chip, the Blackwell B200, as Chief Executive Jensen Huang kicked off the company’s annual developer conference on Monday. Nvidia’s new chip and software announcements at GTC 2024 will help determine whether the company can maintain its …
Nvidia unveils flagship AI chip, the B200, aiming to extend dominance Read More »
By Martin Coulter (Reuters) -Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, Bloomberg News reported on Monday, citing people familiar with the situation. The negotiations are about licensing Gemini for some new features coming to the iPhone software this year, the report said, adding that the terms or branding …
Apple in talks to let Google’s Gemini power iPhone AI features, Bloomberg News says Read More »
BEIJING (Reuters) -China Evergrande Group founder Hui Ka Yan will be barred from the securities market for life and fined 47 million yuan ($6.53 million) after the regulator accused the group’s flagship unit of inflating results, securities fraud and failing to make timely disclosures. Hengda Real Estate said in an exchange filing that China’s securities …
China Evergrande’s flagship unit, founder punished for securities fraud Read More »
BRUSSELS (Reuters) – The European Union and the Philippines said on Monday they would resume negotiations on a free trade agreement as the EU seeks to tap into Asia’s faster economic growth and gain access to critical raw materials. Free trade negotiations stalled in 2017 over EU concerns about the human rights record of then …
EU, Philippines resume stalled trade negotiations Read More »
