Foxconn’s May sales drop 9.5% y/y on smartphone weakness
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on…
Asia
UBS to retain more than 100 Credit Suisse bankers in Asia -source
By Mrinmay Dey and Scott Murdoch (Reuters) -UBS Group AG is looking to retain more than 100 Credit Suisse Group…
China’s services activity picks up in May on improved demand- Caixin PMI
BEIJING (Reuters) – China’s services activity picked up in May, a private-sector survey showed on Monday, as a rise in…
Japan’s Nikkei closes at 33-year high; firm Wall Street lifts appetite
TOKYO (Reuters) – Japan’s Nikkei share average closed at its highest in 33 years on Monday as gains on Wall…
China’s May imports to fall again, exports slip into red
By Joe Cash BEIJING (Reuters) – China’s imports are expected to have contracted in May, despite a low base last…
Chinese quants redouble AI bets amid ChatGPT frenzy
SHANGHAI/SINGAPORE (Reuters) – Chinese quant hedge fund managers are rushing to explore ChatGPT-style tools, embracing the emerging AI technology that…
Thai PM frontrunner attends Pride parade, promising same-sex marriage, gender identity rights
(This June 4 story has been refiled to fix Move Forward leader’s name to ‘Pita’ on second reference in paragraph…
PwC Australia names dozens of staff involved in government tax plan leak
By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia on Monday named at least 67 current and former staff involved…
Qantas sees air fares slipping off highs as capacity returns
ISTANBUL (Reuters) – Air fares are moderating as capacity returns to the global airline network after the pandemic, Qantas Chief…
Take Five: Almost half-time
(Reuters) -The hefty weight of tech megacaps, a suspense-packed OPEC meeting at the weekend and more pain for consumers and…