By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the U.S. Federal Reserve. Foreigners purchased a net $10.1 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand, marking their…
BEIJING (Reuters) – Electric-vehicle (EV) startup Fisker is set to open its first delivery centre in China’s financial hub Shanghai this year, Fisker’s China board member Daniel Foa was quoted as saying by Chinese media outlet Yicai on Tuesday. Meanwhile, Fisker will start delivering its first mass-produced SUV model, the Fisker Ocean, in the first…
(Reuters) -European antitrust regulators are preparing to launch a formal investigation into software giant Adobe’s $20 billion buyout deal for cloud-based designer platform Figma later this year, the Financial Times reported on Tuesday. EU authorities plan to push forward with a detailed investigation, over anti-competition concerns, which could take many months and may ultimately derail…
By Sam Nussey TOKYO (Reuters) -SoftBank Group Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the artificial intelligence-powered chatbot from Microsoft backed startup OpenAI. “I am chatting with ChatGPT everyday – I am a heavy user,” Son told shareholders of the group’s telecoms subsidiary. Amid excitement over AI, Son…
By Leigh Thomas and Simon Jessop PARIS (Reuters) – French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap for easing the debt burdens of low-income countries while freeing up more funds for climate financing. The summit brings dozens of leaders together in the French capital to forge a…
(Reuters) – General Electric has stopped servicing gas turbines at thermal power plants in Russia, the Russian business daily Kommersant reported on Tuesday, citing sources in power generating companies. General Electric suspended its operations in Russia after Moscow invaded Ukraine, with the exception of providing essential medical equipment and supporting existing power services in the…
(Reuters) -Indian Prime Minister Narendra Modi has said that India’s stance on Russia in the Ukraine conflict has not faced widespread criticism in the United States. Asked in an interview with the Wall Street Journal about critical comments in the U.S. for not taking a more forceful stance against Russia’s invasion of Ukraine, Modi said:…
SYDNEY (Reuters) -Australia’s unemployment rate needs to rise to help contain inflation and avoid higher interest rates and a deep recession, a top central banker warned on Tuesday, after data showed little loosening in a still drum-tight labour market. Reserve Bank of Australia (RBA) Deputy Governor Michele Bullock said the jobless rate would need to…
A look at the day ahead in European and global markets from Sonali Desai Disappointment has been the prevailing sentiment so far this week as investors grow impatient with the wait for more decisive Chinese stimulus measures. Events in Asia only added to the mood on Tuesday. China delivered the expected 10 basis-point reduction to…
By Hyunsu Yim SEOUL (Reuters) – When Netflix co-CEO Ted Sarandos visits South Korea this week he will find an entertainment industry that has achieved global fame through hits such as “Squid Game” and “The Glory”, but also growing worries about the service’s effects on the local market. South Korea has created some of Netflix’s…
