By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Japan’s first quarter GDP figures are the highlight for Asian markets on Wednesday, with the world’s third-largest economy expected to have grown at its fastest pace in three quarters thanks to strong services sector spending. A Reuters poll…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Japan’s first quarter GDP figures are the highlight for Asian markets on Wednesday, with the world’s third-largest economy expected to have grown at its fastest pace in three quarters thanks to strong services sector spending. A Reuters poll…
By Michael S. Derby (Reuters) – Several days after ending his leadership role at a small New York State bank holding company, Thomas Murphy has also exited the board that oversees the Federal Reserve Bank of New York, the central bank said Tuesday. The regional Fed said Murphy stepped down from one of its New…
By Suban Abdulla LONDON (Reuters) – Millions of British borrowers repeatedly missed payments on bills in the six months to January amid the steep surge in the cost of living and higher interest rates, a survey from the Financial Conduct Authority regulator showed on Tuesday. British households have faced double-digit inflation since September and the…
By Stephanie Kelly NEW YORK (Reuters) – Oil futures dipped on Tuesday as weaker-than-expected economic data in China and the United States offset a forecast of higher global demand from the International Energy Agency (IEA). Brent crude futures settled 32 cents lower to $74.91 a barrel. U.S. West Texas Intermediate crude edged down 25 cents…
(Reuters) – The World Health Organization called for caution on Tuesday in using artificial intelligence for public healthcare, saying data used by AI to reach decisions could be biased or misused. The WHO said it was enthusiastic about the potential of AI but had concerns over how it will be used to improve access to…
(Reuters) -WeWork Inc on Tuesday said that Sandeep Mathrani would step down as the workspace provider’s chief executive officer, effective May 26, while Sycamore Partners named him as a director to lead its real estate activity. Mathrani was named WeWork CEO in 2020 and tasked with the company’s turnaround following a botched IPO attempt and…
By Huw Jones (Reuters) – European Union states on Tuesday gave the final nod to the world’s first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up. An EU finance minister meeting in Brussels approved rules that were thrashed out…
LONDON (Reuters) – Global regulators will shortly propose the first set of international rules for cryptoassets, including how existing norms could apply to the sector, a top regulator said on Tuesday. Cryptoasset companies are calling for a globally-coordinated approach to give certainty to the sector as they face a “fire hose” of differing approaches. The…
By Diane Bartz and Leroy Leo WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Tuesday it has filed a lawsuit to stop Amgen Inc’s $27.8 billion acquisition of Horizon Therapeutics Plc in a rare move to block a large pharmaceutical deal. The FTC said it opposed the deal because of concern that Amgen would…
