By Summer Zhen HONG KONG (Reuters) -Asia hedge funds weathered the March selloff in markets better than their U.S. counterparts, helped by the relative outperformance of Chinese stocks as global investors rushed into that market. Asia-focused hedge funds posted an average 0.71% loss this month until the 10th, compared with a 2.6% drop for their …
Asia hedge funds outperform US peers as markets sell off Read More »
BEIJING (Reuters) -China’s financial regulator urged institutions to boost support for consumption, promising in a statement on Friday to properly relax consumer credit quotas and loan terms as it offers long-term backing to make available large sums. The National Financial Regulatory Administration (NFRA) added that it encouraged financial institutions to provide loan renewal support to …
China tells lenders to boost financial support for consumption Read More »
TOKYO (Reuters) – Japan’s core inflation likely decelerated in February from the previous month due to the resumption of energy subsidies, a Reuters poll showed, though the overall price trends will likely keep policymakers on track to raise rates again this year. The core consumer price index (CPI), which includes oil products but excludes fresh …
Japan inflation likely cooled in Feb on energy subsidy resumption: Reuters poll Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is set to keep interest rates steady next week and discuss just how much of a risk the escalating U.S. trade war poses to the export-reliant economy, which will be key to the timing of its next rate hike. The market rout and fears of …
BOJ to debate economic risks from Trump trade war, rates seen steady Read More »
By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) – Chinese hedge fund High-Flyer’s use of artificial intelligence in trading markets has spurred an AI arms race among mainland asset managers that could shake up the country’s $10 trillion fund management industry. Quant fund High-Flyer not only deployed AI in its multi-billion dollar portfolio, it also built …
After DeepSeek, Chinese fund managers beat High-Flyer’s path to AI Read More »
SINGAPORE (Reuters) -Saudi Arabia’s shipments of crude oil to its biggest customer, China, are expected to drop in April to their lowest in more than a year, trade sources said on Thursday, partly due to maintenance at Chinese refineries owned by Sinopec. The OPEC producer allocated about 35.5 million barrels of Saudi oil in April …
Saudi crude oil supply to China to slump in April, sources say Read More »
(Reuters) – Chinese AI chatbot DeepSeek is choosing to focus on research over revenue, as its billionaire founder has decided not to follow Silicon Valley rivals by taking advantage of a sudden jump in sales, the Financial Times reported on Thursday. Last month, revenues were enough to cover ongoing costs for the first time, the …
DeepSeek to focus on research over revenue in contrast to Silicon Valley, FT reports Read More »
SEOUL (Reuters) – Samsung SDI said it would issue new shares worth 2 trillion won ($1.38 billion) in a regulatory filing on Friday and use the proceeds to invest in a U.S. joint venture with General Motors and expand its factory capacity in Hungary among others. ($1 = 1,452.6800 won) (Reporting by Hyunsu Yim; Editing …
Samsung SDI to issue new shares and invest in U.S. joint venture with GM Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets Well, that didn’t last long. A wave of selling across global stocks on Thursday snuffed out any flickering hopes of stabilization or recovery from the previous day, as the latest salvo from U.S. President Donald Trump in the …
Morning Bid: Bears take charge as trade war fears choke recovery hopes Read More »
(Reuters) -SoftBank plans to transform a former Sharp LCD panel plant in Japan into a data centre for operating artificial intelligence agents developed in collaboration with U.S.-based ChatGPT creator, OpenAI, according to a Nikkei report on Friday. The Japanese telecom giant intends to purchase the facility and part of the land at Sharp’s closed TV …
SoftBank, OpenAI to build AI data centre in Japan, Nikkei reports Read More »
