Featured Reuters
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 ...
Japan stocks choppy, yen slides to 150 after BOJ makes landmark policy shift as expected
By Ankur Banerjee SINGAPORE (Reuters) -Japanese shares were volatile on Tuesday, while the yen fell to near 150 per dollar after the Bank of Japan in a widely expected move ended eight years of negative interest rates and ushered in the nation's ...
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 ...
Yen falls after BOJ ends negative rates; Aussie slips
By Rae Wee SINGAPORE (Reuters) -The yen fell on Tuesday after the Bank of Japan (BOJ) ended its negative interest rate policy in a monumental but highly anticipated decision, while the Australian dollar also slid after its central bank kept rates ...
Nvidia's new software tools meant for companies adding AI to business
By Anna Tong and Stephen Nellis SAN JOSE (Reuters) - Nvidia on Monday unveiled software aimed at making it easier for businesses to incorporate artificial intelligence systems into their work, broadening the chipmaker's offerings. The release ...
US must improve copper mine permitting process, Freeport CEO says
By Ernest Scheyder HOUSTON (Reuters) - The U.S. must improve its mine permitting process if it hopes to boost domestic supplies of critical minerals to power the clean energy transition, the CEO of copper giant Freeport-McMoRan said on Monday.