China’s Baidu launches $145 million venture capital AI fund
SHANGHAI (Reuters) – Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145…
Asia
North Korea’s space launch programme and long-range missile projects
SEOUL (Reuters) – North Korea made a failed attempt at launching its first spy satellite on Wednesday, with the booster…
Thai April factory output drops 8% y/y, worse than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as…
Foxconn sees AI driving strong server demand, but full year to be flat
TAIPEI (Reuters) – Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server…
Australia’s central bank reaffirms inflation fight, warns of pain ahead
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank will do whatever it takes to bring inflation under control, its governor…
Australia’s central bank shuns PwC after tax plan leaks
By Lewis Jackson SYDNEY (Reuters) -The Reserve Bank of Australia will not sign any new contracts with PricewaterhouseCoopers (PwC) Australia…
Australia’s Indigenous recognition bill passes first hurdle
SYDNEY (Reuters) – Legislation to hold a referendum to recognise Australia’s Indigenous people in the constitution cleared its first parliamentary…
Japan April factory output unexpectedly falls on weaker machinery orders
TOKYO (Reuters) -Japan’s factory output unexpectedly fell in April, government data showed on Wednesday, as production machinery orders slowed amid…
Australia inflation accelerates in April, keeps pressure on RBA
By Stella Qiu SYDNEY (Reuters) – Australian consumer prices rose by more than expected in April on a jump in…
S.Korea April factory output falls, retail sales drop most in 5 months
SEOUL (Reuters) -South Korea’s factory production and retail sales fell in April, underscoring another tough quarter after the economy narrowly…