By David Dolan and Makiko Yamazaki TOKYO (Reuters) – As Japanese companies offer their heftiest wage raises in decades, women in the world’s third-largest economy are hoping it won’t take as long to close the vast gap in pay with men. Wages have hardly budged since the late 1990s due to years of deflation and …
As wages go up, Japanese women reckon with a vast pay gap Read More »
By Neil Jerome Morales MANILA (Reuters) – Philippine holding firm Prime Infrastructure Capital Inc aims to put new wells at the country’s only major natural gas project into commercial operation in 2026, and is seeking other fields to ensure long-term output, its CEO told Reuters on Wednesday. Prime Infrastructure has also lined up other energy …
Philippine firm planning IPO targets new gas wells, solar investment Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Haruhiko Kuroda, who retires in April, said his decade-long monetary experiment that injected $3.7 trillion into the economy to shock the public out of a deflationary mindset was “half successful.” Hand-picked by deceased former Prime Minister Shinzo Abe in 2013, Kuroda jolted the conservative central …
BOJ’s Kuroda defends his bazooka stimulus as ‘half successful’ Read More »
KUALA LUMPUR (Reuters) – Malaysia’s government on Wednesday said the country’s banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of contagion. “Based on an assessment by authorities in Malaysia, the exposure of local banks to this crisis in the United States is minimal and limited,” …
Malaysia says its banks have limited exposure to Silicon Valley Bank crisis Read More »
TOKYO (Reuters) – Visitors to Japan dipped slightly in February but continued to show “robust recovery” following the government’s relaxation of COVID-19 border control restrictions, the national tourism agency said on Wednesday. The number of foreign visitors for business and leisure declined by 1% to 1.47 million last month, from January’s 1.49 million, according to …
Japan visitors show ‘robust’ recovery with 1.47 million in Feb – tourism agency Read More »
By Chris Prentice (Reuters) – Bruised U.S. bank stocks regained some ground on Tuesday, as a sell-off sparked by Silicon Valley Bank’s collapse gave way to bargain-hunting by investors hopeful that efforts to shore up confidence would avert a wider financial crisis. Regulatory scrutiny of SVB’s demise last week – the largest U.S. bank failure …
Investors tiptoe back into US bank stocks, regulators probe SVB collapse Read More »
By Jeffrey Dastin (Reuters) -The startup OpenAI on Tuesday said it is beginning to release a powerful artificial intelligence model known as GPT-4, setting the stage for human-like technology to proliferate and more competition between its backer Microsoft Corp and Alphabet Inc’s Google. OpenAI, which created the chatbot sensation ChatGPT, said in a blog post …
Microsoft-backed OpenAI starts release of powerful AI known as GPT-4 Read More »
By Nichola Groom (Reuters) – U.S. customs officials have released more than a third of the electronic equipment, including solar panels, detained since last year under a new law meant to weed out products made with forced labor, according to data released on Tuesday. The release of the new data dashboard by U.S. Customs and …
US releases a third of electronics detained under China forced labor law, data shows Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices dropped over 4% to a three-month low on Tuesday after a U.S. inflation report and the recent U.S. bank failures sparked fears of a fresh financial crisis that could reduce future oil demand. Brent futures fell $3.32, or 4.1%, to settle at $77.45 a barrel, while U.S. …
Oil falls to three-month low on inflation worries, U.S. bank shutdowns Read More »
(Reuters) – Fosun International Ltd will sell its 60% stake in Nanjing Nangang Iron & Steel United Co Ltd to steel manufacturer Jiangsu Shagang Group for 13.58 billion yuan ($1.98 billion), the Chinese conglomerate said on Tuesday. The divestment, which was first announced in October last year, will see Fosun disposing its stake in Nanjing …
China’s Fosun to sell 60% stake in Nanjing Nangang for nearly $2 billion Read More »
