Business
Analysis-The yen has a yield problem the BOJ can't easily fix
By Brigid Riley TOKYO (Reuters) - As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy changes, traders figure there is not much Tokyo can do to reverse the currency's slide while interest rates and ...
Holcim positive on U.S. demand after Q1 profit beat
By John Revill ZURICH (Reuters) -Holcim expects strong demand in North America to continue this year, the building materials and cement maker said on Thursday, after beating first-quarter profit forecasts. "In North America we had a few less ...
Toyota pilots EV pickup trucks in key Thai market
By Chayut Setboonsarng PATTAYA, Thailand (Reuters) - Toyota launched a public transport pilot on Thursday with nine fully electric Hilux Revo pickup trucks in Thailand, a key Southeast Asian battleground for electric vehicles where Chinese ...
AI spending worries cast gloom over Alphabet, Microsoft
By Sheila Dang (Reuters) - Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability. The concession from Meta ...
Biden to announce preliminary deal with Micron for up to $6.14 billion in chip grants
By Andrea Shalal WASHINGTON (Reuters) - U.S. President Joe Biden will travel to Syracuse, New York, on Thursday to announce a preliminary agreement with memory chip maker Micron Technology for up to $6.14 billion in subsidies for two chip ...
Republican Senator Rubio calls for blocking of all US sales to Huawei
By Alexandra Alper WASHINGTON (Reuters) - Republican China hardliner Marco Rubio is calling on the Biden administration to block all sales to Huawei after the sanctioned Chinese tech company released a new AI-enabled laptop powered by an Intel AI ...
European stocks slip as mixed earnings offset M&A cheer
(Reuters) - European stocks slipped on Thursday following mixed earnings from blue-chip companies such as Nestle and Deutsche Bank, while big M&A news in the mining sector powered Britain's FTSE 100 to fresh highs. The pan-European STOXX ...
Analysis-BHP's proposed bid for Anglo American is a big bet on copper
By Siyi Liu and Mai Nguyen BEIJING/HANOI (Reuters) - BHP Group's proposed $39 billion buyout of Anglo American is a big bet on copper that could spark a scramble for mining assets as a bullish demand outlook and tight supply for a mineral crucial ...
Tech companies plug into India's smaller cities for talent
By Sai Ishwarbharath B and Haripriya Suresh MADURAI/BENGALURU (Reuters) - Indian engineer B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai. After the pandemic, the 47-year-old moved to ...
China's largest auto show showcases all-electric future, local brands dominate
By Kevin Krolicki, Zoey Zhang, Sarah Wu and Qiaoyi Li BEIJING (Reuters) - China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's largest auto ...