By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its stance to “offence mode” amid excitement over advances in artificial intelligence. The group had retreated into a defensive stance, curbing investment activity as it booked heavy investment losses at its…
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve’s fight to lower inflation back to its 2% target “has a long way to go,” Federal Reserve Chair Jerome Powell said on Wednesday in testimony prepared for delivery to the House Financial Services Committee. “Inflation has moderated somewhat since the middle of last year,” with the…
BOGOTA (Reuters) – Colombia’s Senate voted down a measure to approve the sale of recreational cannabis to adults late on Tuesday, although supporters including the government of leftist President Gustavo Petro said they would continue to pursue legalization. The South American country already allows some cannabis derived products, such as oils and creams, to be…
(Refiles to fix typos in paragraphs 10 and 13) By Echo Wang and Lance Tupper NEW YORK (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come September, potentially marking the end of a weak market for debuts that has persisted for a year and…
(Reuters) -A submersible vessel taking tourists on a deep ocean journey to view the wreckage of the Titanic has been missing since Sunday. One pilot and four passengers are aboard. Here is a look at the situation as rescuers search an area the size of the state of Connecticut — or about half the size…
By Sarupya Ganguly BENGALURU (Reuters) – U.S. bond markets are already pricing beyond expected Federal Reserve interest rate hikes in coming months, with strategists polled by Reuters forecasting short-dated yields to fall sharply and most saying they will not revisit the year’s highs. Since reaching a high of 5.08% on March 8 after hawkish testimony…
FRANKFURT (Reuters) – The euro held its ground as the world’s second most-used currency for trade, finance and reserve-building last year even as Russia slashed its reliance on it after being hit by sanctions, a European Central Bank report showed on Wednesday. The dominance of the U.S. dollar and the euro – which comes a…
PARIS (Reuters) -Airbus has filled more than half of the 13,000 positions it expects to create in 2023, as aerospace manufacturers try to boost staff numbers to meet soaring demand, the European planemaker said on Wednesday. Planemakers and aerospace suppliers are wrestling with shortages of workers, from engineers to machine shop operators, which is holding…
By Chen Lin and Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s central bank on Wednesday said it had imposed fines collectively worth S$3.8 million ($2.83 million) on lenders Citibank, DBS and OCBC and insurer Swiss Life, for breaching requirements on anti-money laundering and countering terrorism financing. The Monetary Authority of Singapore (MAS) said it discovered inadequate controls…
By Lawrence White LONDON (Reuters) – Stocks were flat on Wednesday while bond yields rose as a lack of new stimulus from Beijing, bearish British inflation data and a slump in European real estate stoked unease ahead of testimony from U.S. Federal Reserve Chair Jerome Powell. The world’s most powerful central banker faces lawmakers in…
