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Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024.

Beijing city to subsidise domestic AI chips, targets self-reliance by 2027

Reuters |Updated 1 hour ago |1 min read

BEIJING (Reuters) - Beijing city authorities have announced subsidies for firms that purchase domestically produced artificial intelligence (AI) chips, as China seeks to develop its semiconductor industry and reduce reliance on foreign ...

Passersby walk in front of an electric screen displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan March 21, 2024.

Asia stocks, yen tentative with eyes on BOJ decision

Rae Wee |Updated 1 hour ago |4 min read

By Rae Wee SINGAPORE (Reuters) - Asian shares rose cautiously on Friday as markets sobered up to the idea that U.S. rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy ...

A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019.

Pakistan central bank expected to hold rates on Monday ahead of IMF deal, Reuters poll finds

Ariba Shahid |Updated 2 hours ago |3 min read

By Ariba Shahid KARACHI (Reuters) - Pakistan's central bank is widely expected to hold its key interest rate at a record 22% for the seventh straight policy meeting on Monday as Pakistan gears up for an International Monetary Fund board approval ...

A South Korea won note is seen in this illustration photo May 31, 2017.

South Korea's public finances no longer a credit rating 'strength', Fitch says

Jihoon Lee |Updated 2 hours ago |3 min read

By Jihoon Lee SEOUL (Reuters) - South Korea's public finances are no longer a strength for its sovereign credit rating but are now a neutral factor requiring near-term efforts to contain the rise in debt, global ratings agency Fitch said. "We've ...

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022.

Yen at its weakest in decades as BOJ meets

Tom Westbrook |Updated 2 hours ago |3 min read

By Tom Westbrook SINGAPORE (Reuters) - The yen was parked by a 34-year low on the dollar and decade lows on other crosses ahead of a Bank of Japan meeting where interest rates are expected to stay low, while the dollar dipped elsewhere on ...

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019.

Oil prices rise as US official eases market concerns over economic headwinds

Georgina McCartney |Updated 2 hours ago |2 min read

By Georgina McCartney (Reuters) - Oil prices rose in early trade on Friday, as players took stock of the U.S. Treasury secretary's comments that the country's economy is likely in a stronger position than indicated by weak first-quarter data, ...

A general view of Mumbai's central financial district, India June 13, 2017.

Global economy set to stay on a roll for the rest of the year - Reuters poll

Hari Kishan |Updated 2 hours ago |3 min read

By Hari Kishan BENGALURU (Reuters) - The global economy is likely to carry its solid momentum for the rest of the year and into 2025, defying earlier expectations of a slowdown, according to a Reuters poll of economists who said stronger growth ...

Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, Saturday, May 13, 2023.  Shuji Kajiyama/Pool via

Japan concerned about weak yen's negative effects, Finance Minister says

Reuters |Updated 1 minutes ago |2 min read

By Satoshi Sugiyama and Makiko Yamazaki TOKYO (Reuters) -Japan is concerned about negative effects of the weak yen, Finance Minister Shunichi Suzuki said on Friday, in a fresh warning against speculators as the currency has continued to slide to lows ...

The Anglo American logo is seen in Rusternburg October 5, 2015. Picture taken October 5, 2015.

BHP shares drop on value concerns after $39 billion bid for Anglo American

Reuters |Updated 31 minutes ago |2 min read

By Scott Murdoch and Melanie Burton (Reuters) -BHP Group shares fell 4% on Friday a day after revealing a $38.8 billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its offer. BHP ...

People are seen at a market street in Tokyo, Japan, January 23, 2017. Picture taken on January 23, 2017.

Inflation in Japan's capital slows more than expected, slides below BOJ goal

Leika Kihara |Updated 51 minutes ago |2 min read

By Leika Kihara TOKYO (Reuters) -Core inflation in Japan's capital slowed much more than expected in April and fell below the central bank's 2% target, data showed on Friday, complicating its decision on how soon to raise interest rates. The reading ...

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