By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors banking on the recent decline in U.S. bond yields and the dollar underpinning a rally across risk assets got a stark reminder in the shape of punchy U.S. inflation on Wednesday that interest rates won’t be coming down any time …
Morning Bid: Ukraine ceasefire hopes soften US inflation blow Read More »
By Georgina McCartney HOUSTON (Reuters) – Oil prices settled down more than 2% on Wednesday after U.S. President Donald Trump took the first big step toward diplomacy over the war in Ukraine he has promised to end, a war that has supported oil prices on concerns about global supplies. Brent futures settled down $1.82, or …
Oil sinks 2% after Trump calls Putin, Zelenskiy to discuss end to war in Ukraine Read More »
By Maki Shiraki, Daniel Leussink, Norihiko Shirouzu TOKYO (Reuters) -Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry. Years of faltering sales and management turmoil had left Nissan a diminished force, …
Inside the collapse of Nissan and Honda’s $60 billion mega deal Read More »
DUBAI (Reuters) – Alphabet CEO Sundar Pichai said Chinese startup DeepSeek has done very good work that showed how global artificial intelligence is. Pichai expected Alphabet to be a leading player in the AI space but said others would be there in that space too, he said at the World Governments Summit held in Dubai. …
Google’s CEO Pichai says China’s DeepSeek has done very good work Read More »
By Anton Bridge TOKYO (Reuters) -Japan’s SoftBank Group booked a surprise $2.4 billion quarterly loss on Wednesday, hit by a decline in the value of e-commerce platform Coupang and other tech companies held by its Vision Fund investment arm. The result is likely to raise more questions about how founder Masayoshi Son aims to fund …
SoftBank’s Son back to form with big bets and quarterly loss Read More »
By Kantaro Komiya TOKYO (Reuters) – Tokyo-based moon exploration company ispace is heartened by signs the United States and Japan will remain on course for joint lunar missions, its CEO said on Wednesday, amid growing uncertainties in U.S. space policies under Trump 2.0. The view by ispace chief executive Takeshi Hakamada came after a meeting …
Moonshot firm ispace upbeat as Trump keeps Artemis lunar missions with Japan Read More »
By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – India could impose a temporary tax of 15%-25% on steel from China in as soon as six months because of the “serious challenge” to domestic producers from cheap imports, Steel Minister H.D. Kumaraswamy said. “Rising Chinese steel imports, often aided by unfair trade practices, pose …
India weighs temporary tax on cheap Chinese steel import, minister says Read More »
KUALA LUMPUR (Reuters) – The Malaysia Aviation Group has signed an agreement on the sale and transfer of its MASwing airline to the Sarawak state government with the deal expected to be completed by the end of the year, MAG said on Wednesday. No financial details of the deal were given. It follows a memorandum …
Malaysia Aviation Group sells MASwings airline to Sarawak state government Read More »
By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – Thailand is setting its sights on becoming a global gaming hub, with plans to build a casino industry that generates billions in revenue, draws some of the biggest names in the business and benefits a thriving tourism sector. But experts warn success will come only by …
Analysis-Thailand’s big casino gamble hangs on fine print of regulations Read More »
DUBAI (Reuters) – The United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei said on Wednesday he does not think Chinese AI app DeepSeek will affect demand for nuclear energy. Chinese startup DeepSeek has developed AI models that achieve similar results with significantly less computing power, leading to substantial energy savings. (Reporting by Yousef Saba …
