By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan (BOJ) is set to keep monetary policy steady on Friday and may struggle to raise interest rates off their ultra-low levels this year due to the weak economy, the country’s former top currency diplomat Hiroshi Watanabe said on Wednesday. With inflation exceeding …
Japan’s ex-top FX diplomat sees BOJ keeping ultra-low rates this year Read More »
By Kantaro Komiya and Joey Roulette (Reuters) -Japan’s ispace inc said its attempt to make the first private moon landing had failed after losing contact with its Hakuto-R Mission 1 (M1) lander when it unexpectedly accelerated and probably crashed on the lunar surface. The startup said it was possible that as the lander approached the …
Japan’s ispace says moon lander unexpectedly accelerated and likely crashed Read More »
BANGKOK (Reuters) -Thailand’s customs-based exports contracted less than expected in March as some key shipments improved, and the commerce ministry said on Wednesday it was expecting some export growth for the full year. Exports, a key driver of growth, dropped 4.2% in March from a year earlier, far better than the forecast for a year-on-year …
Thai March export fall less than expected, value at a year high Read More »
(Reuters) – Robotaxi startup Pony.ai said on Wednesday that it had received a permit to operate fully driverless ride-hailing services in China’s Guangzhou city. The Toyota Motor Corp-backed startup, which has operations in China and the U.S., now has permits for fully driverless robotaxis in China’s capital Beijing and Guangzhou. The vehicles will not have …
Pony.ai gets permit for driverless robotaxi services in China’s Guangzhou Read More »
By Chen Lin SINGAPORE (Reuters) -Singapore’s growth outlook in 2023 appears uncertain amid global headwinds, the central bank said on Wednesday, but price pressures may ease as rents, a key component of inflation in the city-state, moderate in coming quarters. The Monetary Authority of Singapore (MAS) said in a semi-annual report the economy is expected …
Singapore central bank sees rents, inflation easing amid uncertain growth outlook Read More »
By Yuvraj Malik and Jane Lanhee Lee (Reuters) -Microsoft Corp beat Wall Street’s estimates for third-quarter revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses. Shares gained 4.6% in after-market trading following a report by Redmond, Washington-based Microsoft that profits were $2.45 per share, beating Wall Street …
Microsoft earnings, revenue top forecasts, shares jump 4.6% Read More »
SEOUL (Reuters) – South Korean consumers’ inflation expectations fell in April to the lowest in nearly a year, a central bank survey showed on Wednesday, while overall consumer sentiment hit a 10-month high. The median of consumers’ inflation expectations for the next 12 months fell to 3.7% in April from 3.9% in March, according to …
South Korean consumers’ inflation expectations fall to 11-month low Read More »
By Akash Sriram and Greg Bensinger (Reuters) -Alphabet Inc said on Tuesday it would buy back $70 billion in stock and posted first-quarter profit and revenue above estimates as demand rose for cloud services and ad sales held up better than expected. Investors cheered the buyback plan, sending shares of the Google parent about 4% …
Google-parent Alphabet’s revenue beats on ad, cloud strength Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Five Alphabet subsidiaries, two Meta Platforms units, two Microsoft businesses, Twitter and Alibaba’s AliExpress are among 19 companies subject to landmark EU online content rules, EU industry chief Thierry Breton said on Tuesday. The rules known as the Digital Services Act (DSA) require the companies to do risk management, …
EU singles out 19 tech giants for online content rules Read More »
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Tuesday the country supports the development of industrial uses of generative artificial intelligence technologies such as OpenAI’s ChatGPT. Kishida met the chief executive of Microsoft-backed OpenAI in Tokyo earlier this month and has reportedly said the Group of Seven summit meeting next month in Hiroshima …
Japan supports industrial use of generative AI, PM says Read More »
