Reuters Asia Business

By Jeffrey Dastin REDMOND, Wash. (Reuters) -Microsoft Corp is revamping its Bing search engine and Edge web browser with artificial intelligence, the company said on Tuesday, in one of its biggest efforts yet to lead a new wave of technology and reshape how people gather information. Microsoft is staking its future on AI through billions …

Microsoft packs Bing search engine, Edge browser with AI in big challenge to Google Read More »

By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried’s bail conditions, despite an agreement between the FTX cryptocurrency exchange founder and prosecutors to address potential witness tampering concerns. U.S. District Judge Lewis Kaplan in Manhattan did not provide reasons for the denial, and …

U.S. judge rejects bail proposal for FTX founder Bankman-Fried Read More »

By Stephen Nellis SAN FRANCISCO (Reuters) – The chief executive of Softbank-owned British chip technology firm Arm told Reuters on Tuesday that the company is committed to a stock market float this year. “The plans are actually fairly well developed and underway now,” Rene Haas said in an interview after Arm’s corporate parent reported its …

Arm CEO says firm fully committed to a market listing this year Read More »

By Ismail Shakil and Ben Blanchard OTTAWA/TAIPEI (Reuters) -Canada and Taiwan on Tuesday agreed to start formal negotiations for a deal to encourage two-way foreign investments and deepen their Indo-Pacific partnership in talks that are likely to irk China. Taiwan has been seeking greater diplomatic and moral support from major Western democracies, like Canada, as …

Canada, Taiwan to begin formal talks to spur foreign investments Read More »

By Jorgelina do Rosario (Reuters) – The Paris Club of creditors has given financing assurances to support the International Monetary Fund’s approval of an extended fund facility for Sri Lanka, the Sri Lankan president’s office said on Tuesday. The assurances are crucial to unlocking a $2.9 billion deal from the IMF, which is still pending …

Paris Club creditors give assurances to back IMF bailout for Sri Lanka Read More »

BEIJING (Reuters) -China’s Baidu Inc said on Tuesday it would complete internal testing of a ChatGPT-style project called “Ernie Bot” in March, as interest in generative artificial intelligence (AI) gathers steam. The news sent search engine giant Baidu’s Hong Kong-listed shares up 15.3% on Tuesday. A flurry of Chinese AI stocks also rallied, as the …

Baidu to finish testing ChatGPT-style project ‘Ernie Bot’ in March; stocks rally Read More »

By Sophie Yu and Brenda Goh BEIJING (Reuters) – China’s luxury market contracted 10% in 2022 on the year, snapping a five-year streak of high growth, as Beijing’s zero-COVID policy and a slowing economy hit spending, Bain & Company said in a report on Tuesday. The luxury market grew 42% annually between 2019 and 2021 …

China’s luxury market shrank 10% in 2022 – Bain Read More »

(Reuters) -Top Japanese banks have agreed to issue commitment letters for a 1.4 trillion yen ($10.60 billion) loan that backs a Japan Industrial Partners-led consortium’s takeover offer for Toshiba, Bloomberg News reported on Tuesday, citing sources. The main banking arms of Mizuho Financial Group, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Trust Holdings Inc are …

Toshiba bidder JIP set to win banks’ backing for $10.6 billion loan- Bloomberg News Read More »