By Leika Kihara TOKYO (Reuters) – The Bank of Japan is warming to the idea of tweaking its controversial bond yield control policy later this year, but will likely keep settings unchanged at next week’s meeting as it awaits more evidence of sustained wage growth, sources say. Kazuo Ueda chairs his first policy meeting since…
(Reuters) -Alphabet Inc’s Google plans to introduce generative artificial intelligence into its advertising business over the coming months to create “novel” advertisements, the Financial Times reported on Thursday, citing an internal presentation. Generative AI is a type of technology that relies on past data to create rather than identify content. Last month, Google began the…
By Diana Mandia (Reuters) – French ad group Publicis’ revenues beat forecasts in the first quarter, driven by its digital and data-driven businesses amid rapid market changes and with the help of artificial intelligence (AI) tools. The company has relied on the evolution of its clients’ ad spend towards first-party data management, commerce and business…
By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – European banks appear better positioned than U.S. peers to weather any stress from commercial property after an interest rate surge, but that does not mean Europe is out of the danger zone. Aggressive rate hikes, still working their way through the system, follows a pandemic that…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan maintained its upbeat economic assessment for most regions on Thursday, saying wage hikes were broadening, underscoring its conviction that the country was on a path to sustainably meet its inflation target of 2%. In a quarterly report analysing regional economies, the central bank left unchanged…
By Summer Zhen HONG KONG (Reuters) – Large China-based fund managers are setting up shop in Hong Kong for the first time, seeking to fill Chinese investors’ appetite for U.S. dollar-based products and international exposure after the country reopened its borders. The foray by China-based funds into Hong Kong kicked off last year as China…
MEXICO CITY (Reuters) -Ukrainian President Volodymyr Zelenskiy will address Mexican lawmakers on Thursday by video, the lower house of Congress said, as he seeks support in his country’s war with Russia. The Mexican government has said it wants to remain neutral in the conflict, and some supporters of Ukraine have criticized leftist President Andres Manuel…
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down in Asian hours with stocks drifting while the dollar clings to gains from overnight. The prevailing anxious mood is likely to continue as we head into the crucial next few weeks of central bank meetings. A Reuters…
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down in Asian hours with stocks drifting while the dollar clings to gains from overnight. The prevailing anxious mood is likely to continue as we head into the crucial next few weeks of central bank meetings. A Reuters…
By Miho Uranaka TOKYO (Reuters) – Japan’s Rakuten Bank Ltd amended the filing of its $625 million initial public offering (IPO) after investors pushed for details on the risks from its exposure to money-losing parent Rakuten Group Inc, two people said. The investor questions, not previously reported, highlight how concerns about the e-commerce giant’s losses…
