Analysis-Bank of Japan opens door for a hawkish double surprise
By Leika Kihara TOKYO (Reuters) - The Bank of Japan is dropping signals its quantitative tightening (QT) plan in July could be bigger than markets think, and may even be accompanied by an interest rate hike, as it steps up a steady retreat from its...
Jun 25, 2024
Novo Nordisk says Semaglutide approved for long-term weight management in China
By Andrew Silver SHANGHAI (Reuters) - Novo Nordisk's drug Semaglutide has been approved in China for long-term weight management, the company said in a post on an official WeChat account on Tuesday. The Danish drugmaker did not immediately respond ...
Jun 25, 2024
Cryptoverse: Trump drubs Biden in meme coins
By Medha Singh and Lisa Pauline Mattackal (Reuters) - Donald Trump has taken a commanding lead over Joe Biden - in the world of political meme coins, at least. Crypto tokens linked to former President Trump have leapt in volume and value in recent ...
Jun 25, 2024
Sri Lanka likely to sign bilateral debt agreements on Wednesday, foreign minister says
By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka was expecting to sign the bilateral debt restructuring agreements with key creditors Japan and India on Wednesday, Foreign Ministry Ali Sabry told Reuters on Tuesday. Sri Lanka President Ranil Wick...
Jun 25, 2024
Chinese companies seek assurances from Malaysia on avoiding US tariffs, FT reports
(Reuters) - Chinese executives have been meeting top Malaysian officials to seek assurances they can avoid U.S. tariffs if they relocate their battery, medical devices and semiconductor manufacturing to the country, the Financial Times reported on ...
Jun 25, 2024
Morning Bid: Tech rout drives flight to value
A look at the day ahead in European and global markets from Kevin Buckland: Some payback may be coming for European stocks on Tuesday, following the gains that kicked off the week. Look for tech to take an outsized hit, after Nvidia's slump led a sell-...
Jun 25, 2024
China says its EVs, lithium batteries meet domestic demand, enrich global supply
DALIAN, China (Reuters) -China's Premier Li Qiang told delegates at a World Economic Forum meeting in Dalian the country's green technologies were not only meeting domestic demand but also enriching global supply, amid trade tensions with the West. Li ...
Jun 25, 2024
Rising water stress to hurt India's credit strength, Moody's says
BENGALURU (Reuters) - India's worsening water shortage will pressure the country's sovereign credit strength, rating agency Moody's said in a report on Tuesday. Among industrial sectors, coal power generators and steel makers are most vulnerable to...
Jun 25, 2024
India's markets regulator to tighten stock derivative, financial influencer rules on Thursday
By Jayshree P Upadhyay MUMBAI (Reuters) - India's markets regulator is likely to tighten rules for stocks to be eligible for derivatives trading and ask brokers and mutual funds to stop enlisting unregistered financial influencers for their market...
Jun 25, 2024
India to kick off $11.5 billion telecom auction
BENGALURU (Reuters) - India will auction telecom spectrum worth up to 962.38 billion rupees ($11.53 billion) on Tuesday, it said in a release. Bharti Airtel, Vodafone Idea and Reliance Industries' Jio Infocomm will bid in the auctions, the notice a...
Jun 25, 2024
South Korea begins search for answers after battery plant fire kills 22
By Hyunsu Yim, Dogyun Kim and Daewoung Kim HWASEONG, South Korea (Reuters) - The South Korean government ordered on Tuesday urgent safety inspections at high-risk industrial sites a day after a fire at a lithium battery factory that killed 22 worke...
Jun 25, 2024
Philippine central bank to hold rates on June 27, cut in Q4: Reuters poll
By Anant Chandak BENGALURU (Reuters) - The Philippine central bank (BSP) will keep its key policy rate on hold for a sixth consecutive meeting on Thursday, according to all economists polled by Reuters, with the majority expecting the first cut in ...
Jun 25, 2024
Asian shares subdued, yen hits record low versus euro
By Stella Qiu SYDNEY (Reuters) - Asian shares were subdued on Tuesday while the battered yen hit a record low versus the euro, although the risk of intervention stemmed further weakness against the U.S. dollar. Treasuries were little changed as cau...
Jun 25, 2024
Japan to respond appropriately to excessive volatility, govt spokesperson says
TOKYO (Reuters) - Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday the authorities are closely watching currency moves and will respond appropriately to excessive volatility. Hayashi, the country's top government spokesperson, mad...
Jun 25, 2024
China's BYD launches third EV model in Japan
TOKYO (Reuters) - China's BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most expensive model on offer so far in a market where consumers have long favoured domestic brands. The Shenzhen-based automak...
Jun 25, 2024
Boeing bid for Spirit Aero values 737 supplier at $35/shr, Bloomberg News reports
(Reuters) -Boeing has offered to acquire Spirit AeroSystems Holdings Inc in a deal funded mostly by stock that values the key supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter. This offer represe...
Jun 25, 2024
Oil prices steady as markets weigh supply tensions, China economic recovery
(Reuters) - Oil prices were little changed on Tuesday as worries about China's economic recovery prospects offset supply concerns stemming from tensions in the Middle East and Ukrainian attacks on Russian refineries. Brent futures for August delive...
Jun 25, 2024
Dollar flirts with key 160 yen level as intervention risk looms
By Rae Wee SINGAPORE (Reuters) - The battered yen languished near the 160 per dollar level on Tuesday and kept traders on high alert for any intervention from Japanese authorities to prop up the currency, while the greenback edged a touch higher in...
Jun 25, 2024
Australia consumers balance budget relief against rate risks
SYDNEY (Reuters) - Australian consumer sentiment rebounded modestly in June as the promise of imminent tax cuts lightened the mood, a survey showed on Tuesday, though the risk of yet higher borrowing costs loomed in the background. The Westpac-Melb...
Jun 25, 2024
Exclusive-US probing China Telecom, China Mobile over internet, cloud risks
By Alexandra Alper WASHINGTON (Reuters) - The Biden administration is investigating China Mobile, China Telecom and China Unicom over concerns the firms could exploit access to American data through their U.S. cloud and internet businesses by provi...
Jun 25, 2024
Apple, Meta not in talks currently for AI partnership, Bloomberg News reports
(Reuters) - Apple has rejected overtures by Meta Platforms to integrate the social networking company's AI chatbot into the iPhone months ago, Bloomberg News reported on Monday, citing people with knowledge of the matter. The companies are not in d...
Jun 24, 2024
US says seven airlines eligible to apply for new daily Washington flights
WASHINGTON (Reuters) - The U.S. Transportation Department said on Monday that seven major airlines are eligible to apply for five new daily roundtrip flights from Washington Reagan National airport. On May 16, President Joe Biden signed legislation creating the new flights at the busy airport in Arlington, Virginia, ou...
Jun 24, 2024
Warren Buffett's PacifiCorp reaches $150 million wildfire settlement
By Jonathan Stempel (Reuters) - PacifiCorp, a utility owned by Warren Buffett's Berkshire Hathaway, agreed to a $150 million settlement with 378 plaintiffs arising from one of the 2020 wildfires that devastated parts of Oregon and northern Californ...
Jun 24, 2024
US Treasury to devote extra $100 million over 3 years to affordable housing
By David Lawder WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen announced $100 million in new financing on Monday to increase the supply of affordable housing, as the Biden administration seeks to address high housing costs ahead of the...
Jun 24, 2024
Boeing 737 MAX crash victim families ask judge to name corporate monitor
WASHINGTON (Reuters) - Family members of victims killed in two Boeing 737 MAX crashes asked a U.S. judge to name a corporate monitor to examine the planemaker's safety and corporate compliance procedures. In a court filing, the family members asked...
Jun 24, 2024