By Makiko Yamazaki TOKYO (Reuters) -Japan Finance Minister Katsunobu Kato said on Friday that he would skip next week’s meeting of finance leaders from the Group of 20 major economies in Cape Town, South Africa, to focus on parliamentary debate on state budget bills. The decision to miss the meeting of G20 finance ministers and …
Japan finance minister to skip G20 meeting as state budget talks continue Read More »
By Rahul Trivedi BENGALURU (Reuters) – The Bank of Korea (BOK) will cut its key interest rate by 25 basis points on Tuesday, offering support to an economy which barely grew last quarter, according to economists polled by Reuters who expected a further 50 points of easing this year. After unexpectedly holding its policy rate …
Bank of Korea to cut rates by 25 bps on February 25 amid growth worries: Reuters poll Read More »
TOKYO (Reuters) – Japan’s factory activity extended declines for an eighth straight month in February but at a slower pace, a private-sector survey showed on Friday, in a sign struggling factories may be finding their footing. While business spending was a major contribution to Japan’s GDP growth in the past quarter, the manufacturing sector has …
Japan’s factory activity shrinks for 8th straight month, PMI shows Read More »
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. A retreat from record highs on Donald Trump’s one-month anniversary in office put Wall Street on the same shaky ground as Asian markets that have been feeling the sting from his tariff threats and tack away from historic security alliances. It …
Morning Bid: Caution prevails amid jitters over tariffs and stagflation Read More »
PARIS (Reuters) – Potential Chinese export restrictions on lithium extraction technology could create new opportunities for Eramet following its launch of lithium production in Argentina, the head of the French mining group said on Thursday. China has proposed restricting the export of technology to process lithium, widely used in batteries, in response to U.S. tariffs, …
China lithium tech export curbs may benefit Eramet, CEO says Read More »
(Reuters) – Stellantis announced on Thursday the launch of its first in-house-developed automated driving system, STLA AutoDrive, designed to allow urban commuters to momentarily engage in non-driving tasks. The carmaker said its new system enables hands-free and eyes-off driving at speeds of up to 60 kilometres per hour (37 miles per hour). The system can …
Stellantis launches first in-house automated driving technology Read More »
By John Biju (Reuters) – Hong Kong-listed Autohome said on Thursday the financial conglomerate Ping An Insurance will cease to be its controlling shareholder after agreeing to sell a 41.91% stake in the company for $1.8 billion. Yun Chen Capital Cayman, a unit of Ping An, will sell 200.9 million shares of the auto services …
Ping An to sell 42% stake in Autohome to Haier Group for $1.8 billion Read More »
(Reuters) -AstraZeneca will buy longtime partner FibroGen’s China unit for about $160 million to gain rights to its anemia drug in the country, further boosting its presence in the world’s second-biggest economy. The deal comes at a time when the Anglo-Swedish pharma company is facing a string of investigations in the country, AstraZeneca’s biggest international …
AstraZeneca boosts China presence with FibroGen’s anemia drug in $160 million deal Read More »
(Reuters) – ChatGPT developer OpenAI’s weekly active users surged past 400 million in February, a company spokesperson told Reuters on Thursday, highlighting rapid growth in the adoption of artificial intelligence tools. The Microsoft-backed startup had 300 million weekly active users in December. Its paying business users also crossed 2 million in February, more than doubling …
OpenAI’s weekly active users surpass 400 million Read More »
By Laurie Chen BEIJING (Reuters) – The U.S. State Department has changed references to China on its website, emphasising the trade deficit in an expanded section on economic ties, while dropping talk of working with allies and assistance to China on cultural and environmental issues. The February 13 changes underscore the new administration’s focus on …
US State Department revises China webpage to focus on trade, business curbs Read More »
