TOKYO, Oct 1 (Reuters) – Japanese companies expect consumer prices to rise an average 2.4% a year from now, unchanged from their projection three months ago, a central bank survey showed on Wednesday. Three months ago, companies expected prices to rise 2.4% over the next year. Firms polled by the Bank of Japan (BOJ), as …
BOJ tankan: Japan firms expect CPI to rise 2.4% a year from now Read More »
By Sudarshan Varadhan SINGAPORE (Reuters) -Curtailment of wind and solar power generation in Japan is set to rise to record levels this year due to increased nuclear power use, a Reuters review of industry data showed, exacerbating pain for a sector seeing an exodus of players. In the years since the 2011 Fukushima disaster prompted …
Japan’s renewable curtailments on track to hit record as nuclear generation rises Read More »
SEOUL (Reuters) -OpenAI Chief Executive Sam Altman on Wednesday plans to meet with South Korean President Lee Jae Myung, who seeks to boost Asia’s fourth-biggest economy through a policy of boosting investment in artificial intelligence, the presidential office has said. The meeting will take place at the presidential office in center Seoul at 6 p.m. …
South Korean president to meet with OpenAI CEO on Wednesday Read More »
By Lewis Krauskopf (Reuters) -TRADING DAY Making sense of the forces driving global markets By Lewis Krauskopf, Markets Reporter Jamie McGeever is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what’s happening in markets. We are just hours away from a U.S. government shutdown, barring …
By Scott Murdoch SYDNEY (Reuters) -Australia’s Seven West Media said it would merge with Southern Cross Media to create a A$417 million ($273.97 million) metropolitan and regional media group to better compete with global streaming platforms. Seven West shares, controlled by mining and media billionaire Kerry Stokes, were up 7% on Tuesday to A$0.15, while …
Australia media groups announce $274 million merger as they battle streaming giants Read More »
(Reuters) -Freeport-McMoRan said on Tuesday it remains in discussions with the government of Indonesia regarding rights to operate the Grasberg copper and gold mine past 2041. News reports earlier on Tuesday had indicated that Phoenix-based Freeport had agreed to divest a 12% stake in its Indonesian unit, known as PT Freeport Indonesia. Grasberg is the …
Freeport-McMoRan still in talks with Indonesia over Grasberg mine rights, company says Read More »
By Giuseppe Fonte, Giulio Piovaccari and Elvira Pollina ROME (Reuters) -China’s Sinochem is open to bids for its Pirelli stake – if the offer comes with a premium – after Italy’s government said this week that the Chinese group was not breaching rules meant to protect the tyre maker’s autonomy, sources close to the matter …
Exclusive-Pirelli stake sale among options for Sinochem in governance dispute – sources Read More »
WASHINGTON (Reuters) -U.S. tariffs on Chinese imports of around 55% are a “good status quo,” but the Trump administration would like to find areas where bilateral trade could increase more freely, U.S. Trade Representative Jamieson Greer said on Tuesday. Greer’s comments at the Economic Club of New York indicated no immediate move towards lowering President …
Trump trade chief Greer says 55% China tariffs a ‘good status quo’ Read More »
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -China’s Pop Mart is borrowing from Disney’s playbook to turn toothy monster Labubu’s blockbuster sales into long-term success, Executive Director and co-COO Si De told Reuters in a rare interview. Pop Mart has already done what many thought impossible – making Labubu the first Chinese product to …
Exclusive-Labubu-maker Pop Mart learns from Disney to capitalise on toy’s viral success Read More »
(Reuters) -Kia America is recalling over 39,500 vehicles in the U.S. as the heating, ventilation, and air conditioning (HVAC) blower motor wiring harness may be inadequate causing fire risks, the U.S. National Highway Traffic Safety Administration said on Tuesday. (Reporting by Kanjyik Ghosh in Barcelona; Editing by Mrigank Dhaniwala)
