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Japan’s lower house approves government’s BOJ board nominee Koeda

TOKYO (Reuters) – Japan’s lower house of parliament on Friday approved the government nominee for the central bank’s policy board, Junko Koeda, an academic known as a fiscal and monetary hawk, paving the way for full endorsement in the legislature. Koeda, a professor specialising in macroeconomics and finance at Japan’s Waseda University, would replace former …

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China’s Baidu to make latest Ernie AI model open-source as competition heats up

BEIJING (Reuters) -Chinese search engine giant Baidu said on Friday it would make its next-generation artificial intelligence model Ernie open-source from June 30, a major shift in strategy as competition heats up. Baidu CEO Robin Li had long advocated for closed-source models as the only viable path for AI development, but the advent of DeepSeek …

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Former chairman of Chinalco subsidiary under investigation – China’s anti-graft watchdog

SHANGHAI (Reuters) – The former chairman of Chinalco subsidiary Yunnan Metallurgical Group, Tian Yong, is under investigation for violations of discipline and law, China’s anti-graft watchdog said on Friday. Chinalco, also known as Aluminum Corporation of China, is the largest aluminum producer in China. (Reporting by Violet Li and Mei Mei Chu; Editing by Muralikumar …

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Japan inflation likely hit 17-month-high in January on rising food prices – Reuters poll

TOKYO (Reuters) – Japan’s core consumer price inflation likely accelerated in January from the previous month and rose at the joint-fastest pace in 17 months due to high food prices and reduced energy subsidy, a Reuters poll showed on Friday. The core consumer price index (CPI), which includes oil products but excludes fresh food prices, …

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Philippines held rates steady to hedge against uncertainty, cenbank governor says

MANILA (Reuters) -The Philippine central bank’s decision to keep its key policy rate steady was its way of hedging against global uncertainties, its governor said on Friday. The Bangko Sentral ng Pilipinas unexpectedly kept its key interest rate steady on Thursday, citing uncertainties over global trade policies, but said rate cuts of at least 50 …

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Saudi crude to China to fall in March after prices hit over one-year high, sources say

(Corrects Feb 11 story headline, and paragraphs 1 and 6 to show prices rose to highest in more than a year, not highest in more than two years) By Siyi Liu and Florence Tan SINGAPORE (Reuters) -Saudi Arabia’s crude oil supply to China is set to slide in March from the prior month, trade sources …

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Japan says it is communicating with US on reciprocal tariff plan

TOKYO (Reuters) – Japan has already initiated communication with the United States following President Donald Trump’s order on formulating plans for tariff proposal, a government spokesperson said on Friday. “We’ve already begun communicating with the U.S. side,” Chief Cabinet Secretary Yoshimasa Hayashi told reporters. “Our country will respond appropriately while carefully examining the specific details …

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Thailand economy likely grew at its fastest pace in over two years in Q4: Reuters poll

By Rahul Trivedi BENGALURU (Reuters) – Thailand’s economy likely grew at its fastest pace in over two years last quarter, driven by a surge in foreign tourists and strong exports that helped offset sluggish domestic demand, a Reuters poll of economists found. While household consumption is expected to remain under pressure despite the government’s cash …

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South Korea authorities to monitor markets, prepare to lift short-selling ban

SEOUL (Reuters) – South Korean acting President Choi Sang-mok said on Friday authorities would closely monitor financial markets, citing high uncertainty over U.S. trade policy and global geopolitical factors. Choi said authorities would communicate with market participants, as they prepare to lift a stock short-selling ban imposed in November 2023 at the end of this …

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