Analysis-BOJ may face more pressure to hike rates as weak yen hits consumer spending
By Leika Kihara TOKYO (Reuters) - Japan's weak consumption may heighten, rather than tame, already growing political pressure on the central bank to raise interest rates to slow the yen's declines blamed for hurting households via higher import cos...
1h ago
Column-Serene euro debt markets still leave ECB queasy: Mike Dolan
By Mike Dolan LONDON (Reuters) - Becalmed by a likely interest rate cut as soon as next month, euro zone government bond markets seem serene - but the European Central Bank continues to fret about leftfield shocks. Cosseted largely by more than a d...
2h ago
Japan inflation likely slowed again, may ease cost pressure - Reuters poll
By Tetsushi Kajimoto TOKYO (Reuters) - Japan's core consumer inflation probably slowed for a second straight month in April from a year earlier, a Reuters poll of 18 economists showed on Friday, likely easing cost-push pressure. The core consumer p...
2h ago
Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty
(Reuters) - Foreign investors were net sellers of Asian bonds for a second straight month in April as a strong U.S. dollar and uncertainties around the Federal Reserve's interest rate cuts dampened appetite. Investors net sold bonds worth $1.91 bil...
2h ago
ABB buys Siemens's wiring accessories business in China
ZURICH (Reuters) - ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday. The acquisition will broaden ABB's market reach and complement its regional customer offering wit...
2h ago
The Dow's climb to a record 40,000 points
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) - The Dow Jones Industrial Average, a laggard among the major U.S. stock indexes this year, got its moment in the spotlight on Thursday as it briefly broke above 40,000 points for the firs...
3h ago
Departing Boeing CEO's board status faces Friday vote by shareholders
(Reuters) - Boeing shareholders will vote on Friday whether outgoing CEO Dave Calhoun should remain on the board, adding intrigue to an annual general meeting (AGM) where investors are expected to seek clarity on future leadership of the planemaker...
3h ago
Morning Bid: Markets ponders rate path, shares listless
A look at the day ahead in European and global markets from Ankur Banerjee The cold harsh reality of the Federal Reserve likely keeping interest rates higher for longer to combat inflation has put a lid on the post-U.S. CPI exuberance, with the listles...
3h ago
Malaysia's economy grows annual 4.2% in Q1, helped by export rebound
KUALA LUMPUR (Reuters) - Malaysia's economy expanded 4.2% in the first quarter of 2024 from a year earlier, beating market expectations on higher household spending and a turnaround in exports, government and central bank data showed on Friday. Eco...
3h ago
Chinese property developer Country Garden's Hong Kong liquidation hearing adjourned
By Clare Jim HONG KONG (Reuters) - A Hong Kong court adjourned to June 11 a hearing of a petition on Friday seeking liquidation of Country Garden, providing a breather to the embattled Chinese developer amid Beijing's efforts to revive the crisis-h...
5h ago
China's economy to improve further, stats bureau says
BEIJING (Reuters) - China's economic improvement will be further consolidated and strengthened as macro policies take effect, Liu Aihua, a spokesperson of the National Bureau of Statistics, said on Friday. China's consumer price index (CPI) is expe...
5h ago
GM, LG agree on $150 million relief fund for Chevy Bolt EV owners over faulty batteries
(Reuters) - General Motors and South Korean battery firm LG Energy Solution reached a settlement to establish a $150 million fund to provide monetary relief to Chevrolet Bolt EV owners who were affected by defective batteries, documents filed in a ...
5h ago
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
By Max A. Cherney SAN FRANCISCO (Reuters) - Microsoft said on Thursday it plans to offer its cloud computing customers a platform of AMD artificial intelligence chips that will compete with components made by Nvidia, with details to be given at its...
5h ago
China's property investment decline worsens in January-April
BEIJING (Reuters) - Property investment in China in the first four months of 2024 fell 9.8% from a year earlier, after dropping 9.5% in the first quarter, indicating the sector is yet to bottom out despite a flurry of policy support. Property sales...
5h ago
China's April industrial output rises 6.7%, beats expectations
BEIJING (Reuters) - China's industrial output grew 6.7% year-on--year in April, accelerating from the 4.5% pace seen in March, as the recovery in the manufacturing sector gathered pace. The official data released on Friday by the National Bureau of...
5h ago
China new home prices fall at fastest pace in over 9 years
BEIJING (Reuters) -China's new home prices fell at the fastest monthly pace in over nine years in April, keeping pressure on authorities as intensified efforts to prop up the ailing property sector show few signs of paying off. Prices were down 0.6% mo...
6h ago
Asian stocks ease on uncertainty over timing of U.S. rate cuts
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks inched lower on Friday as traders pondered the near term U.S. monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflati...
6h ago
Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer
By Gary McWilliams HOUSTON (Reuters) - Hess shareholders should vote in favor of Chevron Corp's $53 billion offer at the company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday. The proposed deal terms provides a reasonable val...
6h ago
Dollar set for weekly drop on US slowdown signs
By Tom Westbrook SINGAPORE (Reuters) - The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. The euro is up 0.9%...
7h ago
Oil set for weekly gain on signs of improving demand
By Shariq Khan NEW YORK (Reuters) - Oil prices rose in Asian trading hours on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand and slowing inflation in top oil consumer the Uni...
7h ago
BOJ has no immediate plan to sell ETF holdings, Governor Ueda says
TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said on Friday the central bank had no immediate plan to sell its huge holdings of exchange-traded funds (ETFs). "We must spend some time in deciding what to do with our ETF holdings, including wh...
7h ago
Biden signs sweeping aviation safety, reform bill into law
WASHINGTON (Reuters) - President Joe Biden on Thursday signed sweeping aviation legislation to boost U.S. air traffic controller staffing, increase funding to avert runway close-call incidents and speed refunds for canceled flights. The $105 billio...
8h ago
Union offering Boeing representatives training on U.S. whistleblower laws
(Reuters) - A Boeing engineering union said on Thursday it will offer its representatives training on U.S. whistleblower laws for the first time, following concerns that its members lack adequate protection against possible reprisals. The Society o...
8h ago
Argentine government logged April budget surplus of nearly $20 million
BUENOS AIRES (Reuters) - Argentina achieved a fiscal surplus of 17.4 billion pesos ($19.6 million) for April, the economy minister said on Thursday, marking the fourth successive month that public spending figures were in positive territory under n...
9h ago
Haidilao restaurant operator Super Hi prices US IPO at $19.56 per share
(Reuters) - Super Hi International, which operates Chinese hotpot restaurant chain Haidilao in the overseas market, on Thursday priced its initial public offering in the United States at $19.56 per share. The Chinese restaurant brand raised $52.7 m...
10h ago