TOKYO, Nov 21 (Reuters) – Japan’s core consumer prices rose 3.0% in October from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists’ median estimate for a 3.0% annual gain. Stripping away the effect of fresh food and energy, …
By Tom Westbrook and Junko Fujita SINGAPORE/TOKYO (Reuters) -Investors bailing out of the yen and Japan’s government bonds have driven borrowing costs there to record highs, bending markets out of shape and piling pressure on the country’s policymakers as they try to pilot the economy through a rough patch. The selloff, which has also rattled …
Analysis-Scramble to ‘sell Japan’ sounds fiscal warning bells Read More »
By Li Gu and Clare Jim SHANGHAI/HONG KONG (Reuters) -China’s nascent private REIT market has emerged as a rare bright spot for cash-strapped developers, with a record fundraising pipeline of $12 billion for this year, driven by rising investor demand for higher yields. Launched in 2023, the private REIT market, restricted to professional investors, has …
China’s private REITs offer new funding path for property firms Read More »
(Reuters) -Foxconn will collaborate with U.S.-based OpenAI to design and engineer data center racks, components, and other artificial intelligence hardware, the Taiwanese company said on Thursday, as both firms seek to capitalize on booming demand for AI infrastructure. While the initial agreement does not include purchase commitments or financial obligations, OpenAI will have early access …
Foxconn, OpenAI partner on AI hardware manufacturing Read More »
By Daniel Leussink, Maki Shiraki and David Dolan TOKYO (Reuters) -Foxconn will invest $2 billion to $3 billion a year in AI, the head of the world’s largest contract electronics maker told Reuters. Foxconn Chairman Young Liu also said he expects a shakeout in China’s crowded electric-vehicle market “soon” and that the company is talking …
Foxconn to spend up to $3 billion a year on AI, chair sees China EV shakeout Read More »
By Lewis Krauskopf and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -Nvidia’s strong earnings report offered only a brief reprieve for stocks on Thursday, as doubts about the return on relentless artificial intelligence investment and lofty valuations on Wall Street had global markets on edge. Initial relief across world stocks from surprisingly strong results on Wednesday from …
Stocks stuck on rollercoaster despite strong Nvidia earnings Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Wall Street experienced a wild rollercoaster ride on Thursday, opening sharply higher on another set of strong results from artificial intelligence giant Nvidia, only to end deep in the red as investors reassessed that optimism and mixed signals from the first U.S. jobs data since the government shutdown ended. …
Trading Day: Nvidia sparkle vanishes, Wall Street slammed Read More »
By Max A. Cherney PHOENIX (Reuters) -A bipartisan group of U.S. lawmakers introduced a bill on Thursday in the House that would block the purchase of Chinese chipmaking equipment by CHIPS Act grant recipients for 10 years. The bill targets a range of chipmaking tools from complex lithography equipment, like that produced by Dutch manufacturer …
US lawmakers target Chinese chipmaking equipment imports by CHIPS Act grant recipients Read More »
By Rashika Singh, Rae Wee and Shashwat Chauhan (Reuters) -U.S. technology stocks failed to hold on their initial gains on Thursday, as a rally driven by Nvidia ran out of steam with concerns of lofty valuations in the technology space coming back to the fore. Nvidia’s shares were last down 2.2% after surging 5% earlier …
Global tech shares falter as Nvidia-led rally stalls Read More »
KABUL (Reuters) -Afghanistan’s Taliban government urged India on Thursday to scale up trade and open cargo hubs in its territory, as it strengthens ties with New Delhi and seeks alternatives to Pakistan after repeated border clashes and closures. During talks, Al-Haj Nooruddin Azizi, the Taliban’s commerce minister, also asked India to help set up scheduled …
Afghanistan urges India to scale up trade, expand use of Iran’s Chabahar Port Read More »
