By Leika Kihara CHIBA, Japan (Reuters) -The Bank of Japan’s decision last week to tweak its bond yield control policy was aimed at making its massive stimulus more sustainable, not a prelude to an exit from ultra-low interest rates, its deputy governor Shinichi Uchida said on Wednesday. Uchida said there was still a long way …
BOJ deputy governor dismisses chance of early exit from ultra-easy policy Read More »
TOKYO (Reuters) -Japan’s Rakuten Group has signed a memorandum of understanding (MoU) with OpenAI to explore commercial opportunities together. Rakuten said on Wednesday the companies will collaborate on the use of OpenAI apps in Rakuten’s products and services. (Reporting by Anton Bridge; Editing by Jacqueline Wong and Tom Hogue)
By Yuvraj Malik (Reuters) – Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. The world’s most valuable firm …
Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow Read More »
(Reuters) – A U.S. congressional committee on China is investigating asset management giant BlackRock and index provider MSCI, saying they were facilitating investments into blacklisted Chinese companies, underscoring how tense relations between the two countries are rippling out into corporate America. The firms have facilitated the flow of American capital into companies the U.S. government …
BlackRock, MSCI draw scrutiny from US House Committee on China Read More »
By Max A. Cherney (Reuters) – Taiwanese chipmaker TSMC has developed the most expansive arsenal of patents surrounding advanced chip packaging, followed by Samsung Electronics and then Intel, according to data from LexisNexis. Advanced chip packaging is a crucial technology that squeezes the most horsepower from the latest chip designs, and is crucial to chip …
TSMC leads in advanced chip packaging wars, LexisNexis patent data says Read More »
By Jonathan Cable, Leika Kihara and Lucia Mutikani LONDON/TOKYO/WASHINGTON (Reuters) -Global factory activity remained in a slump in July, private surveys showed on Tuesday, a sign slowing growth and weakness in China were taking a toll on the world economy, though the picture in the Americas was notably less bleak than elsewhere. The downturn highlighted …
World factory activity mired in slump as China, growth slowdown take toll Read More »
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan announced an increase in petrol and diesel prices on Tuesday to meet fiscal objectives laid down in a deal with the International Monetary Fund (IMF), adding further fuel to its sky-high inflation. The country’s Consumer Price Index rose to 28.3% in July, year-on-year, the statistics …
Pakistan’s petroleum prices hike to fuel sky-high inflation Read More »
BENGALURU (Reuters) -Microsoft Corp has named Puneet Chandok as the corporate vice president of its India and South Asia arm, effective Sept. 1, the technology company said on Tuesday. Chandok joins Microsoft from Amazon.com Inc’s cloud division AWS, where he led the company’s India and South Asia business. “As India expands its own digital public …
Former Amazon exec Chandok to lead Microsoft’s India, South Asia operations Read More »
By Anton Bridge TOKYO (Reuters) -Mitsubishi UFJ Financial Group reported a near five-fold jump in first-quarter profit on Tuesday, as Japan’s largest lender was helped by higher interest rates abroad and robust profits from trading. MUFG, one of the world’s largest lenders by assets, was also aided by the absence of valuation losses on bonds …
Japan’s MUFG posts near five-fold jump in Q1 profit Read More »
SHANGHAI (Reuters) – Chinese private funds have been losing their licenses at a faster pace this year than in 2022, data shows, as regulators tighten scrutiny on the $2.9 trillion industry to curb operational irregularities. The number of private fund deregistrations, both voluntary and forced, reached 2,035 from January to July, twice the number in …
China private fund deregistrations jump amid regulatory scrutiny Read More »
