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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 drift, dollar firm as Fed rate path pondered

Kevin Buckland |Updated 52 minutes ago |3 min read

By Kevin Buckland TOKYO (Reuters) - Asian stocks lacked direction on Wednesday, while the dollar remained firm despite lower U.S. Treasury yields as markets assessed mixed signals from U.S. policymakers and economic data on the path for Federal ...

Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018.

KKR to buy Perpetual's corporate, wealth units for $1.4 billion; CEO Adams to retire

Reuters |Updated 52 minutes ago |2 min read

(Reuters) - Perpetual said on Wednesday that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18 billion ($1.43 billion), sending the Australian financial services firm's shares to a five-month ...

Trucks transporting containers with imported items are prepared to leave a port in Manila, Philippines May 25, 2016.

Philippines posts $3.2 billion trade deficit in March

Reuters |Updated 1 hour ago |1 min read

MANILA (Reuters) - The Philippines posted a trade deficit of $3.2 billion in March, the narrowest since May 2021, preliminary official data showed on Wednesday. Imports fell 20% to $9.3 billion in March from a year earlier, the biggest drop since ...

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022.

Dollar regains momentum as yen struggles

Rae Wee |Updated 2 hours ago |3 min read

By Rae Wee SINGAPORE (Reuters) - The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept ...

Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023.

Elon Musk proposed to launch robotaxis in China during April visit - media

Reuters |Updated 1 minutes ago |2 min read

BEIJING (Reuters) -Elon Musk proposed testing Tesla's advanced driver-assistance package in China by deploying it in robotaxis, during his recent visit to the country, the state-backed China Daily newspaper reported on Wednesday, citing sources. ...

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Samsung Medison buys AI software firm Sonio SAS for $92 million

Reuters |Updated 2 hours ago |1 min read

SEOUL (Reuters) - South Korea's Samsung Medison said on Wednesday it is acquiring all of France's Sonio SAS, a fetal ultrasound artificial intelligence software company for about 126 billion won ($92.4 million). Samsung Electronics owns 68.45% ...

Japanese Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and Korean Finance Minister Choi Sang-mok on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024.

Bank of Japan issues stronger warning over yen's impact on policy

Leika Kihara, Satoshi Sugiyama |Updated 22 minutes ago |3 min read

By Leika Kihara and Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan may take monetary policy action if yen falls affect prices significantly, governor Kazuo Ueda said on Wednesday, offering the strongest hint to date the currency's relentless ...

A Chinese flag and a stock graph are seen in this illustration picture taken April 30, 2024.

With onsite inspections, China dials up scrutiny of local market IPO hopefuls

Reuters |Updated 2 hours ago |4 min read

SHANGHAI/HONG KONG (Reuters) - Chinese regulators are scrutinising old business deals and even the personal bank accounts of senior executives as they ramp up inspections of IPO hopefuls to slow the pace of fresh capital raisings and boost ...

Department of Homeland Security (DHS) Secretary Alejandro Mayorkas speaks during a news conference regarding the Know2Protect program in New York City, U.S., April 17, 2024.

US explores AI to train immigration officers on talking to refugees

Jeffrey Dastin |Updated 2 hours ago |2 min read

By Jeffrey Dastin SAN FRANCISCO (Reuters) - The Department of Homeland Security (DHS) is piloting artificial intelligence to train officers who review applicants for refugee status in the United States, Secretary Alejandro Mayorkas told reporters ...

Bank of Japan Governor Kazuo Ueda attends a press conference after a policy meeting at BOJ headquarters, in Tokyo, Japan March 19, 2024.

BOJ's Ueda signals chance of policy action if yen moves affect inflation

Leika Kihara |Updated 40 minutes ago |2 min read

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank may take monetary policy action if yen moves have a big impact on inflation, escalating his warning against the economic fallout from the currency's ...

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