Foreign investors snap up long-term Japan bonds after three-week selling streak
(Reuters) - Foreign investors ended a three-week trend of selling Japanese bonds by purchasing long-term securities, although analysts suggest the rebound could be fleeting amid ongoing market uncertainties. They bought 1.7 trillion yen in long-ter...
1h ago
Swap old for new: China's latest property market plan off to a poor start
By Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) - A campaign by Chinese authorities to encourage people to replace their old apartments with new ones is attracting interest, but faces one major hurdle: the participants in the scheme are ...
1h ago
White House moves to protect US solar manufacturers from Chinese competition
By Nichola Groom (Reuters) - The White House on Thursday said it would protect domestic solar factories from Chinese competition by scrapping a tariff exemption for imported double-sided panels and making it easier for projects to claim a subsidy f...
1h ago
Toyota tests new EV pickup truck ahead of mass production in Thailand
By Devjyot Ghoshal BANGKOK (Reuters) - Toyota Motor is testing the new battery-electric Hilux pickup truck to assess its performance in different conditions as the car maker prepares to manufacture the vehicle in Thailand by the end of 2025, an exe...
1h ago
Chinese overcapacity claims by US, Europe are 'trade protectionism', ministry says
BEIJING (Reuters) - China said on Thursday that U.S. and European assertions of excess capacity were "naked trade protectionism" and that efforts to constrain new energy exports from the World's No.2 economy would frustrate global efforts to tackle...
1h ago
Newly privatised Toshiba to cut 4,000 jobs in restructuring drive
By Sam Nussey TOKYO (Reuters) - Japan's Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates restructuring under new ownership. Toshiba delisted in December due to a $13 billion takeover by a...
2h ago
European shares muted as losses in energy offset gains in financials
(Reuters) - European shares opened on a sombre note on Thursday, dented by automobile and energy stocks as multiple industry heavyweights traded ex-dividend, countering gains in insurance stocks like Swiss Re and Zurich Insurance following upbeat e...
2h ago
Japan's Honda steps up electrification investment to $65 billion through FY2030
TOKYO (Reuters) - Japan's Honda Motor pledged to double its electrification and software investment to about $65 billion over the 10 years running through the 2030 business year, it said on Thursday. Honda CEO Toshihiro Mibe told a press conference...
3h ago
Temu targeted in EU consumer group's complaint to EU tech regulator
By Foo Yun Chee BRUSSELS (Reuters) - Chinese fast-fashion e-commerce retailer Temu was hit with a European Union complaint on Thursday, with pan-European consumers group BEUC saying the PDD Group-owned unit might have breached online content rules....
3h ago
Siemens misses profit forecast as industrial business struggles
ZURICH (Reuters) - Siemens reported a drop in second quarter earnings at its industrial business, the German engineering group said on Thursday, after suffering a slowdown at its flagship factory automation division. The trains to industrial softwa...
4h ago
Singapore Airlines CEO says travel out of China not yet recovered
By Lisa Barrington SEOUL (Reuters) - Air travel demand from China is not back to pre-pandemic levels for Singapore Airlines, but a visa-free scheme for Chinese citizens to the Asian hub has helped fill seats and the airline will add more China capa...
4h ago
Morning Bid: Post-CPI party goes global
A look at the day ahead in European and global markets from Kevin Buckland Hopes that the U.S. inflation genie is back in the bottle has given investors globally the confidence to snap up stocks and riskier currencies, at the notable expense of the dol...
4h ago
How easyJet's bet on holidays paid off
By Joanna Plucinska LONDON (Reuters) - EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the high cost of the strategy for an airline known for ...
4h ago
Microsoft asks hundreds of China-based staff to relocate amid U.S.-China tensions, WSJ reports
(Reuters) - Microsoft is asking about 700 to 800 people in its China-based cloud-computing and artificial-intelligence operations to consider transferring outside the country, the Wall Street Journal reported on Thursday. (Reporting by Kanjyik Gho...
6h ago
Pfizer offers up to $250 million to settle thousands of Zantac cancer lawsuits, FT reports
(Reuters) - Pfizer has agreed offer payment of up to $250 million to settle more than 10,000 lawsuits in the United States over cancer risks associated with its now-discontinued heartburn drug Zantac, the Financial Times reported on Thursday. (Rep...
6h ago
Rupee to open higher after data boosts odds of Fed rate cuts
By Nimesh Vora MUMBAI (Reuters) - The Indian rupee will open higher on Thursday after weak U.S. retail sales and cooling U.S. inflation made it more likely that the Federal Reserve will cut rates later this year. Non-deliverable forwards indicate ...
6h ago
South Korea's state-run think tank raises GDP, inflation forecasts
SEOUL (Reuters) - South Korea's state-run think tank on Thursday raised its economic growth forecast for this year and said inflation is expected to ease at a slightly slower pace, as it noted the need for gradual easing of monetary policy. In its ...
7h ago
China property shares in HK jump on report of government plans to buy unsold homes
HONG KONG (Reuters) - Shares of Chinese property developers in Hong Kong jumped on Thursday, after a report that China is considering a plan for local governments nationwide to buy millions of unsold homes from distressed companies to ease a protra...
7h ago
Australian jobless rate rises in April, erasing risk of rate hike
By Wayne Cole SYDNEY (Reuters) - Australian employment rose by more than expected in April, data showed on Thursday, but the jobless rate still climbed to a three-month top as the growth in workforce outpaced job creation. The jump in unemployment ...
7h ago
China's Nio aims to launch one new car model per year under Onvo brand
SHANGHAI (Reuters) - Chinese electric vehicle maker Nio said on Thursday it will launch one new car model per year under the Onvo brand and will have a second model targeting larger families coming up next. Nio executives were speaking a day after ...
7h ago
Asia rides Wall St rally, dollar sags on US inflation relief
By Kevin Buckland TOKYO (Reuters) - Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver at least two rate cuts ...
8h ago
Exclusive-Anglo American freezes hiring globally after strategy revamp, document shows
By Scott Murdoch and Melanie Burton SYDNEY (Reuters) -Anglo American has frozen hiring globally after its pledge this week to simplify the miner that is the target of a $43 billion bid by Australia's BHP, according to an internal memo issued by Anglo a...
8h ago
Dollar sags as slower US inflation boosts rate cut expectations
By Tom Westbrook SINGAPORE (Reuters) - The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years and retail sales turned flat, which pulled forward expectations for rate cuts in the world's biggest ...
9h ago
Thai Q1 economic growth likely muted as exports, demand falter - Reuters poll
By Anant Chandak BENGALURU (Reuters) - Growth in Thailand's economy was likely subdued in the quarter through March despite solid tourist arrivals, hampered by weak exports and domestic demand, a Reuters poll of economists found. High household deb...
9h ago
Argentina's economy chief: talks to begin with IMF over new debt deal -local media
BUENOS AIRES (Reuters) - Argentine Economy Minister Luis Caputo said on Wednesday that talks with the International Monetary Fund (IMF) over a new debt program will begin shortly in comments to local broadcaster La Nacion+. "We're just going to sta...
9h ago