By Sonali Paul and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices were little changed on Wednesday amid subdued movements in the dollar, and as investors waited for more inventory data for more clues on demand trends. Brent crude futures rose by one cent to $83.70 a barrel at 0405 GMT, after gaining 3.3% in the previous…
By Leika Kihara TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Wednesday the ability to closely coordinate with global central banks and “high-quality” communication skills are among qualifications for the next Bank of Japan (BOJ) governor. Speaking in parliament, Kishida said he was still in the process of selecting the successor to incumbent…
TOKYO (Reuters) -Shares of Japan’s Nintendo Co Ltd and SoftBank Group Corp and Sharp Corp fell steeply on Wednesday, after the companies jolted investors with disappointing results, emphasising the dim demand outlook for global tech firms. Shares of Nintendo dropped 6% after the maker of the Switch video game console reported lower sales and profit…
TOKYO (Reuters) – Shares of Japan’s Nintendo Co Ltd and SoftBank Group Corp fell sharply on Wednesday, a day after both unveiled earnings that fell short of expectations, as tech firms around the globe send a cautionary signal to investors. Shares of Nintendo were down 8.3% in early Tokyo trade, while SoftBank shares were down…
(Reuters) – Digital Currency Group (DCG) is selling shares in several of its cryptocurrency funds at a high discount, and has started offloading its holdings in investment vehicles run by subsidiary Grayscale, the Financial Times reported on Tuesday. Woes have piled up for SoftBank-backed DCG with its lending unit Genesis filing for bankruptcy protection, owing…
(Reuters) – Microsoft Corp on Tuesday unveiled a juiced-up version of its Bing search engine and Edge Web browser, powered by an upgraded version of ChatGPT’s underlying technology. The launch is limited to a “desktop limited preview” available on Tuesday. Users will need to go to this link and sign in to a Microsoft account…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Fed Chair Jerome Powell has spoken and luckily for bulls and bears, there was something for everyone, so where Asian markets go on Wednesday is something a coin flip. With an expected interest rate rise in India taking…
By Ankit Kumar (Reuters) -DuPont de Nemours Inc on Tuesday projected results to improve in the second half of the year from steadying consumer electronics demand, normalized inventory levels at customers and China’s reopening. Shares jumped 7% to $77.36 after the company also said it was in talks to settle a lawsuit over toxic “forever…
(Reuters) – Wells Fargo & Co agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it had pushed unnecessary insurance on auto loan customers, according to documents filed in U.S. court on Tuesday. The Construction Laborers Pension Trust for Southern California, which led the class action brought on behalf…
By Jeffrey Dastin REDMOND, Wash. (Reuters) – Microsoft Corp is revamping its Bing search engine and Edge web browser with artificial intelligence, the company said on Tuesday, in one of its biggest efforts yet to lead a new wave of technology and reshape how people gather information. Microsoft is staking its future on AI through…
