Business
BOJ Governor Ueda proposes ending negative rates as board chair - NHK
TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda has proposed ending negative rates as chair of the policy-setting board, which is meeting on Tuesday to wrap up a two-day meeting, public broadcaster NHK reported. (Reporting by Leika Kihara; ...
Nvidia supplier SK Hynix begins mass production of next generation memory chip
SEOUL (Reuters) - SK Hynix Inc said on Tuesday it has begun mass production of next-generation high-bandwidth memory (HBM) chips used in artificial intelligence chipsets, with sources saying initial shipments will go to Nvidia this month. The new ...
China's bonds boom as investors face 'asset famine'
SHANGHAI (Reuters) - A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China's financial system is low on confidence and overflowing with cash and bank deposits. Yields at the longer end of China's bond ...
Oil prices edge down as Russia lifts supplies, jet fuel demand stirs caution
SINGAPORE (Reuters) - Oil prices edged down early on Tuesday after gaining in the previous trading session, due in part to the prospect of rising supply from Russia as well as the possibility of slower-than-expected downstream demand in sectors ...
Taiwan central bank chief says inflation will be above 2% this year, but lower than 2023
TAIPEI (Reuters) - Taiwan's consumer price index (CPI) and core CPI will be above 2% this year due to higher food prices and possible electricity price increases, but will still be lower than last year, the island's central bank chief said on ...
Exclusive-Fidelity International plan to cut 16% of China fund unit jobs, sources say
By Selena Li and Xie Yu HONG KONG (Reuters) - Fund manager Fidelity International(FIL) is planning to lay off 20 people at its main China business unit, two sources familiar with the matter said, a move that comes amid a global downsizing by the ...
Japanese stocks down, yen steady as markets brace for landmark BOJ shift
By Ankur Banerjee SINGAPORE (Reuters) - Japanese shares fell on Tuesday along with regional markets, while the yen was steady heading into a pivotal Bank of Japan meeting that could end eight years of negative interest rates and usher in the ...
China's Longi says it will lay off about 5% of employees
BEIJING (Reuters) - China's Longi Green Technology Energy, the world's largest solar manufacturer, will lay off about 5% of its employees, the company said in a statement on Tuesday. It added that a media report saying the company had plans to ...
Australian business leaders to meet Chinese foreign minister
By Kirsty Needham SYDNEY (Reuters) - Australian business leaders are set to meet China's foreign minister in Canberra, saying their country lacks knowledge of its biggest trading partner and that they will seek insight on how Beijing views ...
Nippon Steel pledges to move US HQ to US Steel's Pittsburgh
TOKYO (Reuters) - Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S. Steel is based if the deal goes through, an executive said, adding to the pledges from the Japanese steelmaker to secure the ...