By Rocky Swift TOKYO – Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an AI venture with ChatGPT operator OpenAI…
By Shadia Nasralla LONDON (Reuters) -Oil prices ticked up on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s plunge. But gains were limited as investors remained cautious ahead of key policy decisions by central banks and on weak economic data from China. Brent crude futures climbed 80 cents, or 1.1%, to…
BEIJING (Reuters) -A Chinese state-affiliated social media commentator accused the United States on Tuesday of playing tricks and creating an “illusion” that it is eager to engage, days before an expected visit by U.S. Secretary of State Antony Blinken. The lead up to the high-stakes visit has been marred by new U.S. accusations of Chinese…
SYDNEY (Reuters) -Australia on Tuesday mourned the 10 people who were killed when a chartered bus carrying wedding guests rolled over at a roundabout, the country’s worst bus accident in three decades. Residents placed flowers near the crash site and gathered for a candlelight vigil at a church in the rural Hunter region in New…
SEOUL (Reuters) – Most Bank of Korea monetary policy board members said at their latest policy meeting on May 25 it was not yet time to be complacent over slowing inflation, minutes from the meeting showed on Tuesday. “Even though consumer price inflation has peaked and entered a cooling phase, we can’t yet afford to…
(Adds link to report, fixes typographical error) By Gloria Dickie and Simon Jessop LONDON (Reuters) – The number of fossil fuel companies setting net-zero emissions targets has risen sharply over the past year, but most fail to address key concerns, making them “largely meaningless”, a report showed on Monday. Some 75 of the world’s largest…
By Jack Queen MIAMI (Reuters) -Former President Donald Trump arrived in Miami on Monday to face federal criminal charges, while a new Reuters/Ipsos poll found a vast majority of his fellow Republicans believe the case to be politically motivated. Trump, the front-runner for the Republican nomination in the 2024 presidential election, is scheduled to be…
MOSCOW (Reuters) -Russian state-owned lender VTB may pull out of the running to acquire a stake in internet giant Yandex, the bank’s CEO, Andrei Kostin, told Reuters, as discussions are now centered around higher prices than the bank’s initial offer. Often dubbed “Russia’s Google”, Yandex is making progress on a corporate restructuring plan that should…
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) -China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second-largest economy. The cut to the lending rate signals possible easing for longer-term rates over…
By Guy Faulconbridge and Elena Fabrichnaya MOSCOW (Reuters) -The end of the dominance of the U.S. dollar is nigh as the Chinese yuan rises and the rest of the world sees the peril of the West’s failed attempt to bring Russia to its knees over Ukraine, one of Moscow’s most powerful bankers told Reuters. Andrei…
