By Sam Nussey TOKYO (Reuters) -SoftBank Group’s Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the artificial intelligence-powered chatbot from Microsoft backed startup OpenAI. Son said he is speaking “almost everyday” to OpenAI CEO Sam Altman, who has made high-profile visits to Tokyo this year as he looks to…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s currency policy won’t immediately change after the United States removed the country from its monitoring list, Finance Minister Shunichi Suzuki said on Tuesday, noting that the move came in coordination with Washington. “As for currency policy, we’ll keep close communications with the United States and other countries,” Suzuki told…
By Rae Wee SINGAPORE (Reuters) – The U.S. dollar rose broadly on Tuesday and notched a seven-month high against the yen, while the yuan slipped after China cut two benchmark lending interest rates for the first time in 10 months. China on Tuesday lowered its one-year and five-year loan prime rates (LPR) by 10 basis…
By David French (Reuters) – Civitas Resources Inc is nearing a deal to acquire oil and gas operations in the Permian basin from private equity firm NGP Energy Capital Management LLC for close to $5 billion, including debt, people familiar with the matter said on Monday. The deal would transform Civitas, currently valued at $5.6…
By Josh Ye, David Kirton and Chen Lin HONG KONG/SHENZHEN, China (Reuters) – Psst! Where can a Chinese buyer purchase top-end Nvidia AI chips in the wake of U.S. sanctions? Visiting the famed Huaqiangbei electronics area in the southern Chinese city of Shenzhen is a good bet – in particular, the SEG Plaza skyscraper whose…
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 its effects on the local market. South Korea has created some of Netflix’s biggest…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The People’s Bank of China takes center stage on Tuesday with a near-certain interest rate cut, according to the expectations of investors, who are also trying to read the political tea leaves from U.S. Secretary…
By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric vehicle batteries, sources told Reuters on Monday. Four lawmakers who are part of the House of Representatives China Select Committee will travel to Detroit Tuesday…
By Nia Williams (Reuters) -Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude fell 48 cents, or 0.6%, to $76.13 a barrel by 1835 GMT while U.S. West Texas Intermediate…
By Kate Abnett LUXEMBOURG (Reuters) -European Union countries failed on Monday to agree on planned new rules for the bloc’s power market, having clashed over a proposal to extend subsidies for coal plants under the reform, and a separate push to expand fixed-price power contracts. EU energy ministers meeting in Luxembourg ended talks without a…
