By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – An alliance led by Thailand’s progressive Move Forward party on Monday signed an ambitious agreement to draft a new constitution, end monopolies and allow same-sex marriage, among other aims, but made no mention of a divisive royal insult law. The opposition Move Forward and Pheu Thai…
By Navya Mittal and Yantoultra Ngui (Reuters) – Singapore’s biggest bank DBS Group on Monday said it expects to lift annual earnings to more than S$10 billion ($7.55 billion) within the next three to five years, after it posted a record first-quarter profit earlier this month. DBS, which is also Southeast Asia’s largest lender by…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – The turmoil facing U.S. regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more. Non-bank lenders with deep pockets have invested in credit assets for years, but the regional…
By Yukiko Toyoda and David Dolan TOKYO (Reuters) -The leaders of the Group of Seven (G7) rich democracies this weekend pledged to “de-risk” without “decoupling” from China, an approach that reflected European and Japanese concerns about pushing Beijing too hard, officials and experts said. U.S. President Joe Biden and other G7 leaders wrapped up a…
JERUSALEM (Reuters) – Israel aims to parlay its technological prowess to become an artificial intelligence “superpower”, the Defence Ministry director-general said on Monday, predicting advances in autonomous warfare and streamlined combat decision-making. Steps to harness rapid AI evolutions include the formation of a dedicated organisation for military robotics in the ministry, and a record-high budget…
TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Monday said he had no plan to resort to new tax measures to fund the government’s upcoming childcare package designed to reverse the country’s declining birthrate. The government in March laid out a plan to boost child care over the coming three years, but did not specify…
(Reuters) – Micron Technology Inc expects China’s ban on company’s infrastructure chips to impact revenue in the low-single to high-single digit percentage, the company said on Monday at a J.P. Morgan conference call. “We estimate that the combined direct sales and indirect sales through distributors to China headquartered companies is about 1/4 of our total…
By Simon Lewis WASHINGTON (Reuters) -The Biden administration rebuked Israel on Sunday over an order that allows Jewish settlers to establish a permanent presence in a West Bank outpost that Washington has warned Jerusalem it should avoid legitimizing. The chief of the Israeli military’s Central Command signed an order on Thursday that allows Israelis to…
By Laura Matthews NEW YORK (Reuters) – BNY Mellon is expanding its offering of short-term investment products as investors chase higher yields, the bank announced on Monday. The bank is now offering access to mutual funds, interest-bearing deposits and sponsored cleared repurchase agreement sweep products through its LiquidityDirect platform, a portal for institutional investors. The…
BERLIN (Reuters) -Foreign investment in Germany was stable in 2022, data from Germany Trade & Invest (GTAI), showed on Monday, although the body’s head said it could be a challenge to retain investment from the biggest spender the United States. Last year, Germany attracted 1,783 new projects and expansions, 23 fewer than in 2021, but…
