A look at the day ahead in U.S. and global markets from Samuel Indyk. Jerome Powell and his band of brothers on the Federal Open Market Committee will be sitting nervously. At 0830 EDT (1230 GMT), the Bureau of Labor Statistics will release its latest consumer price data, which could go some way to determining…
(Reuters) -HSBC has decided to wind down its wealth and personal banking business in New Zealand, the bank said on Tuesday, as it exits from less profitable businesses globally to focus on expanding in certain Asian markets. The process, as a result of a strategic review, will happen over several years in a phased manner,…
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…
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…
TOKYO (Reuters) – Toyota Motor has unveiled a range of technologies to improve the range, performance and cost of electric vehicles (EVs) that it plans to introduce in the second half of the decade. The Japanese automaker, which has been criticised by some investors for being slow to roll out battery electric models, said it…
A look at the day ahead in European and global markets from Sonali Desai The People’s Bank of China (PBOC) managed to liven up the wait for Tuesday’s highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a…
(Reuters) – China is considering at least a dozen stimulus measures including interest-rate reductions to support areas such as real estate and domestic demand, Bloomberg News reported on Tuesday citing people familiar with the matter. China’s property sector, once a pillar of economic growth, slumped sharply last year with developers defaulting on debt or bonds…
TOKYO/SINGAPORE (Reuters) – Toyota Motor has said it is moving toward production of solid-state batteries for the next generation of electric vehicles (EVs), bringing a technology that promises more energy storage and faster charging closer to market. HOW ARE SOLID-STATE BATTERIES DIFFERENT? Solid-state batteries use thin layers of solid electrolytes that carry lithium ions between…
