A look at the day ahead in European and global markets from Sonali Desai Disappointment has been the prevailing sentiment so far this week as investors grow impatient with the wait for more decisive Chinese stimulus measures. Events in Asia only added to the mood on Tuesday. China delivered the expected 10 basis-point reduction to…
By Hyunsu Yim SEOUL (Reuters) – When Netflix co-CEO Ted Sarandos visits South Korea this week he will find an entertainment industry that has achieved global fame through hits such as “Squid Game” and “The Glory”, but also growing worries about the service’s effects on the local market. South Korea has created some of Netflix’s…
By Sam Nussey TOKYO (Reuters) -SoftBank Group’s Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the artificial intelligence-powered chatbot from Microsoft backed startup OpenAI. Son said he is speaking “almost everyday” to OpenAI CEO Sam Altman, who has made high-profile visits to Tokyo this year as he looks to…
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% for a fifth consecutive meeting on Thursday and for the rest of the year, as inflation eased in May and was expected to decline further, a Reuters poll of economists found. After peaking around 6% in September,…
SHANGHAI/SINGAPORE (Reuters) – China cut its key lending benchmarks on Tuesday, the first such reductions in 10 months as authorities seek to shore up a slowing economic recovery, although concerns about the property market meant the easing was not as large as expected. The latest monetary loosening comes as a post-pandemic recovery in the world’s…
By Krishn Kaushik, Sarita Chaganti Singh and David Brunnstrom NEW DELHI/WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi heads to the United States this week for a visit billed as a turning point for bilateral relations, with deeper cooperation in defence industry and sharing high technology in sharp focus. The visit is expected to give India…
(This June 15 story has been corrected to say talks were over projects being handed over to local organisations, not to the Taliban, in the headline) (Reuters) – The U.N. children’s agency said it was holding discussions with Afghanistan’s ruling Taliban authorities over “timelines and practicalities” for a possible required handover to local organisations of…
TOKYO (Reuters) – Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make “flying cars”. The companies will use a Suzuki Group factory in central Japan to make electric vertical take-off and landing (eVTOL) aircraft and aim to begin production by around spring next year, Suzuki said…
SEOUL (Reuters) – South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country’s financial regulator said on Tuesday. In a statement, the Financial Services Commission (FSC) said it would normalise the loan-to-deposit ratio requirement on lenders from July. The ratio had been eased to 105% from the…
By Trevor Hunnicutt and Nandita Bose (Reuters) – President Joe Biden said on Monday the threat of Russian President Vladimir Putin using tactical nuclear weapons is “real”, days after denouncing Russia’s deployment of such weapons in Belarus. On Saturday, Biden called Putin’s announcement that Russia had deployed its first tactical nuclear weapons to Belarus “absolutely…
