By Veronica Dudei Maia Khongwir BENGALURU (Reuters) -The Bank of Korea will keep its key interest rate unchanged at 2.50% on Thursday as policymakers grapple with a volatile currency and an overheated housing market, according to a majority of economists in a Reuters poll who have pushed the next predicted rate cut to early next …
By Supantha Mukherjee STOCKHOLM (Reuters) -Estonian ride-hailing company Bolt said on Tuesday it has partnered with Chinese autonomous driving firm Pony.ai as it seeks to add driverless cars to its taxi services in Europe. The companies will first test and validate safety for the fully autonomous, driverless capability before deploying them in various European countries. …
Bolt partners with Pony.ai for driverless cars in Europe Read More »
(Reuters) -The yuan has shrugged off a trade war, slow growth, rock-bottom interest rates and a slump in foreign investment, to head for its sharpest annual gain since the pandemic year of 2020. The steady appreciation of the tightly-managed currency has reignited speculation that Beijing is renewing its campaign to drive the yuan’s global use, …
Analysis-Global ambitions behind yuan’s steady rise Read More »
By Alden Bentley NEW YORK (Reuters) -Making sense of the forces driving global markets By Alden Bentley, Editor in Charge, Americas Finance and Markets Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what animated markets today: primarily strengthened confidence about a December Federal …
By Karl Plume CHICAGO (Reuters) -Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters. A third vessel was en route to a Texas Gulf Coast grain terminal to be loaded …
Three vessels bound for US Gulf Coast terminals to load soybeans, sorghum for China Read More »
(Reuters) -The Dutch vehicle authority RDW said on Monday it expects to decide on Tesla’s Full Self-Driving software in February after the EV maker demonstrates that the driver assistance system meets the required standards. The agency was responding to Tesla’s post on X on Friday, in which it said the RDW “has committed to granting …
Dutch authority RDW to test Tesla’s FSD in February Read More »
By Emilio Parodi MILAN (Reuters) -Italian police raided two Amazon sites on Monday as part of a growing investigation into alleged customs and tax fraud involving Chinese imports, three sources with direct knowledge of the case said. Prosecutors suspect the e-commerce giant acted like a “Trojan horse”, bringing Chinese goods into Italy without paying sales …
Amazon suspected of acting as ‘Trojan horse’ in Italy customs fraud case Read More »
ANKARA (Reuters) -Turkey’s TUNAS nuclear energy company and South Korea’s power utility KEPCO have signed a memorandum of understanding on nuclear energy cooperation on Monday. Speaking at the signing ceremony along with South Korean President Lee Jae Myung in Ankara, Turkish President Tayyip Erdogan said the talks about building a nuclear power plant in Turkey …
Turkey’s TUNAS, South Korea’s KEPCO sign deal on nuclear power cooperation Read More »
(Reuters) -U.S. President Donald Trump is weighing whether to allow Nvidia to sell advanced artificial intelligence chips to China, Commerce Secretary Howard Lutnick said in an interview to Bloomberg News on Monday. The president is consulting “lots of different advisers” in deciding on the potential exports, the report quoted Lutnick as saying. The decision to …
Trump weighing advanced Nvidia chip sales to China, Bloomberg News reports Read More »
By Kane Wu and Scott Murdoch HONG KONG (Reuters) -JingDong Industrials, a unit of Chinese online retailer JD.com, is planning to launch an initial public offering of up to $500 million in Hong Kong next week, three people with knowledge of the deal said on Monday. The company, also known as JDi, is having discussions …
JingDong Industrials to launch IPO seeking up to $500 million next week, sources say Read More »
