By Yelin Mo, Josh Ye and Kane Wu BEIJING/HONG KONG (Reuters) – Beijing-based AI startup 01.AI is raising up to $200 million in fresh capital, two sources familiar with the matter said, building on a valuation of $1 billion reached last month on the back of surging global interest in open-source AI models. It is …
Chinese AI startup 01.AI looks to raise $200 million -sources Read More »
BEIJING (Reuters) -China’s commerce ministry said on Thursday it has approved a number of export permits for graphite, the first since a Dec. 1 change in regulations aimed at protecting national security. The ministry has approved “several” applications from companies that meet relevant requirements, spokeswoman Shu Jueting told a regular press briefing. The world’s top …
China approves first graphite export permits after rule change Read More »
SHANGHAI/SINGAPORE (Reuters) – China’s central bank is expected to ramp up liquidity injections while leaving the key interest rate unchanged when it rolls over maturing medium-term policy loans on Friday, a Reuters survey showed. Among thirty-two market participants polled this week, 29 or 91% expected the People’s Bank of China (PBOC) to keep the borrowing …
China’s central bank set to boost liquidity injection but keep key rate unchanged Read More »
By Victoria Klesty OSLO (Reuters) -Norway’s Telenor said on Thursday it had agreed to sell its Pakistan unit to state group Pakistan Telecommunications in a transaction valuing the unit at 5.3 billion Norwegian crowns ($490 million). The Norwegian group has been restructuring its Asian businesses, building bigger units in Thailand and Malaysia via local mergers, …
Telenor to sell Pakistan telecoms unit for $490 million Read More »
By Rishav Chatterjee (Reuters) – Bullish bets firmed on most emerging Asian currencies as expectations of an end to U.S. interest rate hikes triggered an easing in the greenback, boosting investors’ appetite for riskier assets, a Reuters poll showed on Thursday. Long positions on the Taiwanese dollar, the South Korean won and the Singapore dollar …
Asian FX bulls firm as investors bet on rates peaking; eye cuts ahead-Reuters poll Read More »
By Neil Jerome Morales and Karen Lema MANILA (Reuters) -The Philippine central bank kept its benchmark interest rate steady at 6.50% for a second straight meeting on Thursday as price pressures have started to ease, but said policy would have to stay “sufficiently tight” to bring inflation back to target. All but one of the …
Philippines keeps rates steady but price risks require policy to remain tight Read More »
JAKARTA (Reuters) – Indonesia’s trade surplus is likely to narrow in November as exports are seen posting another contraction, while imports are expected to witness a marginal growth, a Reuters poll showed on Thursday. The poll, conducted with 20 economists between Dec. 8 and Dec. 14, showed trade surplus of $3.05 billion in November, compared …
Indonesia’s November trade surplus seen narrowing to $3 billion : Reuters poll Read More »
BANGKOK (Reuters) – Thailand’s economic growth is expected at 2.5% this year before accelerating to 3.2% in 2024, supported by a recovery in tourism, exports and sustained private consumption, the World Bank said on Thursday. The growth outlook for 2023 and 2024 was reduced from 3.4% and 3.5% estimated in October, respectively. Southeast Asia’s second-largest …
World Bank cuts Thai growth outlook to 2.5% this year, 3.2% next year Read More »
HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S. Federal Reserve that kept rates steady. HSBC Holdings also said it kept its best lending rate in Hong Kong unchanged at 5.875%. The U.S. central …
Hong Kong central bank leaves interest rate unchanged, tracks Fed Read More »
By Yuka Obayashi TOKYO (Reuters) -Japan’s industry and land ministries on Wednesday picked three consortia, including one featuring Germany’s RWE and its partners, to operate offshore wind farms in the second round of a public auction. They said they would award a fourth wind farm that was part of the tender at a later date. …
Japan picks three winners in 2nd offshore wind power tender Read More »
