By Devayani Sathyan BENGALURU (Reuters) -Australia’s central bank will likely deliver one more 25-basis-point interest rate increase by end-September to 4.10% following a surprise hike on Tuesday, according to a slim majority of economists in a snap Reuters poll. The Reserve Bank of Australia, which apologized last year for providing unclear guidance, has sent mixed…
By Stephen Nellis, Josh Ye and Jane Lanhee Lee (Reuters) -U.S. microchip export controls imposed last year to freeze China’s development of supercomputers used to develop nuclear weapons and artificial-intelligence systems like ChatGPT are having only minimal effects on China’s tech sector. The rules restricted shipments of Nvidia Corp and Advanced Micro Devices Inc chips…
(Reuters) – TikTok said on Wednesday it is launching a product that well let advertisers place ads alongside content produced by premium publishers, half of the ad revenue from which will be shared with those publishers. The social media platform said brands including Buzzfeed, DotDash Meredith, NBCUniversal, UFC and WWE will be the first to…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Fed on Wednesday delivered what markets are convinced will be the last rate hike of the cycle, bond yields and the dollar fell, yet investors are rattled. Asian markets wake up on Thursday to the realization that…
(Corrects firm name to RBC Wealth Management from RBC Portfolio Advisory Group in paragraph 5) By Sinéad Carew NEW YORK (Reuters) – MSCI’s gauge of stock markets around the world was advancing but trading was choppy on Wednesday while U.S. Treasury yields and the U.S. dollar steepened declines after the U.S. Federal Reserve raised interest…
(Reuters) – Myanmar’s military government on Wednesday pardoned more than 2,000 prisoners, state media reported, among them a journalist and what activists and media said were numerous political detainees. State television MRTV said 2,153 prisoners convicted of incitement were pardoned to mark a Buddhist holiday and warned they would be arrested and given additional sentences…
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after the Federal Reserve raised interest rates by a quarter of a percentage point and signaled it may pause further increases. In an overt shift, the central bank no longer said it “anticipates” further rates will be needed, only that it will watch…
By Emma Farge GENEVA (Reuters) – The World Health Organization said on Wednesday that it has dismissed a senior scientist, known for his role as the head of an international mission to China to probe the origins of COVID-19, for sexual misconduct. The U.N. agency said Peter Ben Embarek, a Danish scientist who previously headed…
WASHINGTON (Reuters) -The United States is offering a $10 million reward for information leading to the arrest of a Russian national charged with operating a Web platform key to the trade in stolen credit cards, the State Department said on Wednesday. An indictment unsealed on Wednesday in federal court in Brooklyn charged Denis Gennadievich Kulkov…
DUBAI (Reuters) -Iran seized a second oil tanker in a week on Wednesday in Gulf waters, and the U.S. State Department called for its release, in the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019. The Bahrain-based Fifth Fleet of the U.S. Navy said the Panama-flagged…
