(Reuters) – Alphabet Inc’s Google said on Friday it will update Bard, its generative artificial intelligence (AI) chatbot, to help people write code to develop software, as the tech giant plays catch-up in a fast-moving race on AI technology. Last month, the company started the public release of Bard to gain ground on Microsoft Corp. The …
(Reuters) – Fosun International said on Friday steel manufacturer Jiangsu Shagang Group has filed a lawsuit against the company alleging the failure of one of Fosun’s unit to perform an obligation under a recent deal. Last month, Fosun said it would sell its 60% stake in Nanjing Nangang Iron & Steel United Co Ltd to …
China’s Fosun faces lawsuit over stake sale in Nanjing Nangang to Jiangsu Shagang Read More »
BERLIN (Reuters) – Volkswagen significantly increased deliveries in the first quarter despite weaker business in China, its most important single market, the German carmaker said on Friday. The group delivered 2.04 million vehicles to customers worldwide, up 7.5% compared with the same quarter last year, while in China, sales fell 14.5% to 644,500 vehicles. Sales …
Volkswagen increases Q1 sales despite weaker China business Read More »
LONDON (Reuters) -HSBC’s biggest shareholder Ping An said on Friday the bank had “merely repeated” past rebuttals of the Chinese insurer’s proposals that the lender spin off its Asia business, continuing a tit-for tat war of words between the pair. HSBC, which on Wednesday said it had studied Ping An’s ideas but found them destructive …
Ping An says HSBC just repeating past rebuttals of spinoff plan Read More »
DUBLIN (Reuters) – The state body responsible for advising the Irish government on cyber security recommended on Friday that staff at government departments and state agencies not use Chinese-owned video app TikTok on official devices. A number of Western countries including Britain, the U.S. and other European Union member states have barred TikTok over security …
Irish government staff advised to remove TikTok from work devices Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan is expected to maintain its ultra-easy monetary policy, including its interest rate targets and a 0.5% cap set for the 10-year government bond yield, at next week’s rate review, said four sources familiar with its thinking. At the two-day review ending on April …
BOJ likely to maintain ultra-low rates, dovish guidance next week -sources Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s financial system has remained “sound and resilient” despite heightened financial sector jitters in the West stemming from U.S. bank failures in March, the Bank of Japan said in its semi-annual financial system report. However, the central bank also said that vigilance against tail risks were warranted. “Future developments …
BOJ sees ‘sound and resilient’ financial system despite some jitters Read More »
By Miho Uranaka and David Dolan TOKYO (Reuters) -Japan’s Rakuten Bank Ltd saw its share price surge as much as 40% in its market debut on Friday, reflecting robust demand for the country’s biggest online lender even after it downsized its $625 million initial public offering (IPO). The stock ended the trading day at 1,930 …
Rakuten Bank shares pop in Tokyo debut after downsizing $625 million IPO Read More »
TOKYO (Reuters) – Japan’s largest airline ANA Holdings Inc on Friday raised its profit estimate for the just-ended fiscal year, citing a decline in fuel costs and an uptick in the yen. The company now expects operating profit of 120 billion yen ($897 million) in the year through March 2023, up from an earlier guidance …
Japan carrier ANA Holdings raises profit estimate on cheaper fuel, yen rise Read More »
(Reuters) -Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald’s Corp’s China operations, seeking a valuation of $8-$10 billion for the business, Bloomberg News reported on Friday. Carlyle, which controls McDonald’s China along with Trustar Capital, could sell down part of their stakes in the fast-food giant in the deal …
Carlyle eyes fresh backers for McDonald’s China arm – Bloomberg News Read More »
