HONG KONG (Reuters) – The Hong Kong Monetary Authority left its base rate unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady. Hong Kong’s monetary policy moves in lock-step with the United States as the city’s currency is pegged to the greenback in a tight range of …
Hong Kong central bank keeps base rate unchanged as Fed holds steady Read More »
By Makiko Yamazaki TOKYO (Reuters) – Japan’s annual interest payments on government debt could surge more than 50% over the next few years, government estimates showed on Thursday, highlighting the country’s struggle to fix its tattered public finances amid rising interest rates. The latest estimates, prepared by the Ministry of Finance for parliament ahead of …
Japan’s government interest costs to swell more than 50% in next few years Read More »
By Blake Brittain (Reuters) -A U.S. trade tribunal sided with Juul Labs on Wednesday and ordered a ban on imports of vaping devices and cartridges made by Altria’s NJOY – at least some of which are made in China and Malaysia – in a patent dispute over e-cigarette technology. The U.S. International Trade Commission found …
Juul wins order banning US imports of Altria vaping devices Read More »
By Eduardo Baptista and Alessandro Diviggiano BEIJING (Reuters) – Chinese bloggers, state media and local citizens have welcomed DeepSeek’s global success with pride and glee, with some saying the homegrown AI startup’s meteoric rise is a sign China is beating back Washington’s attempts to contain the country’s tech industry. DeepSeek last week launched a free …
DeepSeek’s global success received by Chinese with pride and glee Read More »
By Kenrick Cai, Anna Tong, Jeffrey Dastin SAN FRANCISCO -Developers at leading U.S. AI firms are praising the DeepSeek AI models that have leapt into prominence while also trying to poke holes in the notion that their multi-billion dollar technology has been bested by a Chinese newcomer’s low-cost alternative. Chinese startup DeepSeek on Monday sparked …
American AI firms try to poke holes in disruptive DeepSeek Read More »
(Reuters) – Casino operator Las Vegas Sands missed analysts’ estimates for fourth-quarter profit on Wednesday, hurt by tepid performance of its Macao business. The Las Vegas, Nevada-based company had previously flagged that it was seeing slowing growth in its integrated resorts and casino business at Macao properties, including the Venetian Macao, which contribute a major …
Las Vegas Sands misses profit estimates on weakness in Macao business Read More »
By Karen Freifeld and Alexandra Alper (Reuters) – U.S. President Donald Trump’s administration is considering tightening restrictions on artificial intelligence leader Nvidia’s sales of its H20 chips designed for the China market, three people familiar with the matter said. Conversations to restrict shipments of those chips to China are in very early stages among Trump …
Trump officials discussing tightening curbs on Nvidia’s China sales, sources say Read More »
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. Sagging tech stocks weighed on US indexes, as Wall Street rethinks AI leadership after the arrival of DeepSeek, a Chinese disruptor claiming big results at a smaller cost. With many Asian markets still closed for the Lunar New Year, Japan’s Nikkei …
Morning Bid: Tech, hawkish Fed pressure stocks before megacap earnings parade Read More »
PARIS (Reuters) – Renault executives travelled to Japan this week to meet counterparts at Nissan in an effort to maximise the value of the French automaker’s stake in the Japanese firm ahead of its merger with Honda, a source close to the matter told Reuters. Nissan and Honda said late last year they would begin …
Renault seeking to maximize value of Nissan shares in Honda merger, says source Read More »
(Reuters) – Microsoft has made Chinese startup DeepSeek’s R1 artificial intelligence model available on its Azure cloud computing platform and GitHub tool for developers, the U.S. company said on Wednesday. The AI model will be available in the model catalog on the platforms and will join more than 1,800 models that Microsoft is offering. DeepSeek …
Microsoft rolls out DeepSeek’s AI model on Azure Read More »
