By Kate Holton and Paul Sandle LONDON (Reuters) -When Vodafone named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise. Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. The…
By Stephen Nellis (Reuters) – Nvidia Corp on Monday said it has worked with the U.K.’s University of Bristol to build a new supercomputer using a new Nvidia chip that would compete with Intel Corp and Advanced Micro Devices Inc. Nvidia is the world’s top maker of graphics processing units (GPUs), which are in high…
SEOUL (Reuters) – Abu Dhabi organisations have identified about $2 billion of investment opportunities in South Korea after the two sides agreed to expand business ties in January, a joint statement said on Monday. The United Arab Emirates (UAE) pledged during South Korean President Yoon Suk Yeol’s visit to Abu Dhabi in January to invest…
MELBOURNE (Reuters) -Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used in batteries for…
SYDNEY (Reuters) – Australia said on Monday the government will take further steps in response to the leak of government tax plans by accounting firm PricewaterhouseCoopers (PwC) and that the matter could be referred to the Australian Federal Police. The government, a PwC Australia client, has accused the firm of sharing confidential information about new…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank is expected to deliver a 25-basis point hike on Wednesday, but the focus will be on whether the policy rate will peak at a higher level than previously thought in the wake of a more stimulatory budget last week. After surprising financial markets with a…
SHANGHAI/SINGAPORE (Reuters) -China kept its benchmark lending rates unchanged for the ninth month in May on Monday, matching market expectations, as a weakening yuan and widening yield differentials with the United States limited the scope for any substantial monetary easing. A raft of data over the past month or so, including April indicators last week,…
By Byron Kaye and Renju Jose SYDNEY (Reuters) -Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in what would be one of the world’s toughest regimes for the startup sector. The move would put companies like Afterpay, owned…
BANGKOK (Reuters) – Thailand’s unemployment rate hit a three-year low in the first quarter, the state planning agency said on Monday, declining to 1.05% from 1.15% in the last three months of 2022 as recovery in the crucial tourism industry strengthened. Southeast Asia’s second-largest economy grew faster than expected in the first quarter, driven by…
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency note from circulation. Non-deliverable forwards indicate rupee will open at around 82.80-82.84 to the dollar, compared to 82.66 in the previous session. On Friday, the…
