By Rocky Swift TOKYO – Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an AI venture with ChatGPT operator OpenAI…
SEOUL (Reuters) – Most Bank of Korea monetary policy board members said at their latest policy meeting on May 25 it was not yet time to be complacent over slowing inflation, minutes from the meeting showed on Tuesday. “Even though consumer price inflation has peaked and entered a cooling phase, we can’t yet afford to…
(Adds link to report, fixes typographical error) By Gloria Dickie and Simon Jessop LONDON (Reuters) – The number of fossil fuel companies setting net-zero emissions targets has risen sharply over the past year, but most fail to address key concerns, making them “largely meaningless”, a report showed on Monday. Some 75 of the world’s largest…
MOSCOW (Reuters) -Russian state-owned lender VTB may pull out of the running to acquire a stake in internet giant Yandex, the bank’s CEO, Andrei Kostin, told Reuters, as discussions are now centered around higher prices than the bank’s initial offer. Often dubbed “Russia’s Google”, Yandex is making progress on a corporate restructuring plan that should…
By Guy Faulconbridge and Elena Fabrichnaya MOSCOW (Reuters) -The end of the dominance of the U.S. dollar is nigh as the Chinese yuan rises and the rest of the world sees the peril of the West’s failed attempt to bring Russia to its knees over Ukraine, one of Moscow’s most powerful bankers told Reuters. Andrei…
By Clara Denina and Simon Jessop LONDON (Reuters) – BlackRock on Tuesday launched the “Brown to Green Materials Fund” targeting undervalued carbon-intensive companies that produce the raw materials and products driving the energy transition. Investors are increasingly focused on what actions companies in industries such as metals and mining, cement, and construction, are taking to…
A look at the day ahead in European and global markets from Sonali Desai The People’s Bank of China (PBOC) managed to liven up the wait for Tuesday’s highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a…
(Reuters) – China is considering at least a dozen stimulus measures including interest-rate reductions to support areas such as real estate and domestic demand, Bloomberg News reported on Tuesday citing people familiar with the matter. China’s property sector, once a pillar of economic growth, slumped sharply last year with developers defaulting on debt or bonds…
COLOMBO (Reuters) – Sri Lanka’s government has decided to extend a restriction on outward capital transactions by six months due to pressure on its limited foreign exchange reserves, cabinet spokesperson Bandula Gunawardena said on Tuesday. The decision will be revisited after debt talks are finalised in September, added Gunawardena, who is also the transport minister…
By David Shepardson (Reuters) -The Federal Trade Commission asked a court to temporarily block Microsoft Corp’s acquisition of Activision Blizzard on Monday, seeking to halt the deal from closing before the government’s case against the $69 billion deal is heard. The FTC said Microsoft and Activision had signaled the deal could close as soon as…
