Business
HSBC completes sale of Canadian unit to RBC
(Reuters) - HSBC Holdings said it completed the C$13.5 billion ($9.96 billion) sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada (RBC) on Thursday. The transaction will result in the recognition of an estimated gain of $4.9 ...
Take Five: A shiny new quarter
LONDON (Reuters) - A tumultuous first quarter is coming to an end and the "buy everything" party is in full swing across markets, but the coming week has a few reality checks that even the most avid bulls may not be able to overlook. The strong ...
Japan's Nikkei posts biggest point gain on record for fiscal year
TOKYO (Reuters) - Japan's Nikkei share average logged the biggest rise ever on an absolute basis for the fiscal year ended on Friday, rallying 12,328 points. The index hit successive record highs this quarter, after breaking levels on Feb. 22 ...
Japan brought forward emergency yen meeting to maximise market impact, source says
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese monetary authorities made a last-minute decision to bring forward to Wednesday an emergency meeting on the weak yen that was originally scheduled for Thursday, to maximise the impact of arresting sharp ...
China will further enhance capital account opening, FX official says
BOAO, China, (Reuters) - China will make it easier to move capital in and out of the country and promote financial market deregulation, a senior forex regulator said on Friday, as Beijing seeks to woo foreign investors amid heightened ...
Vietnam economy expands by 5.66% in Q1 as exports boom
HANOI (Reuters) -Vietnam's gross domestic product in the first quarter grew 5.66% from a year earlier as exports boomed, government data released on Friday showed, despite higher shipping costs due to turmoil in the Red Sea. Growth in the ...
Texas attorney general opens investigation into parts supplier for Boeing
(Reuters) - Texas attorney general Ken Paxton has opened an investigation into a supplier of parts for Boeing, Spirit AeroSystems Holdings Inc after what he said were recurring issues with certain of those parts, his office said on Thursday. On ...
Musk's xAI to launch improved version of chatbot
(Reuters) -Elon Musk's artificial intelligence startup xAI said on Thursday it will launch an enhanced version of its chatbot Grok. The new version, called Grok-1.5, will be made available to early testers and existing Grok users on social media ...
Brazil health plan operator Hapvida doubles quarterly adjusted profit
SAO PAULO (Reuters) -Brazilian healthcare operator Hapvida posted on Thursday a 104.8% jump in its adjusted net profit for the fourth quarter compared to a year earlier, bolstered by higher prices for its health plans. The company, which operates ...
Tokyo inflation slowdown, output slide clouds BOJ's rate hike outlook
By Leika Kihara and Satoshi Sugiyama TOKYO (Reuters) -Core inflation in Japan's capital slowed in March and factory output unexpectedly slid in the previous month, heightening uncertainty on how soon the Bank of Japan can raise interest rates again ...