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The logo of Tesla on display at the Everything Electric exhibition at the ExCeL London international exhibition and convention centre in London, Britain, March 28, 2024.

Analysis-Tesla's plan for affordable cars takes page from Detroit rivals

Abhirup Roy, Norihiko Shirouzu and Hyunjoo Jin |Updated 1 hour ago |3 min read

By Abhirup Roy, Norihiko Shirouzu and Hyunjoo Jin SAN FRANCISCO/AUSTIN, Texas (Reuters) - Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — rather than springing for all-new models — follows the playbook ...

A boy runs past the residential apartments in Hong Kong, China, January 10, 2020.

Hong Kong March home prices up 1.1%, first rise in nearly a year

Reuters |Updated 1 hour ago |2 min read

HONG KONG (Reuters) - Hong Kong's private home prices reversed a 10-month falling streak in March, climbing 1.1% from February, after the financial city lifted curbs to boost the ailing property market. The increase in home prices in one of the ...

Pedestrians walk past the Bank of Japan building in Tokyo, Japan March 18, 2024.

Instant View: Bank of Japan keeps rates steady, tweaks JGB buying plan

Reuters |Updated 1 hour ago |2 min read

(Reuters) - The Bank of Japan kept its short-term rates steady on Friday while removing a reference to the amount of government bonds it has roughly committed to buying each month. As widely expected, the BOJ maintained its short-term ...

The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024.

BOJ keeps rates steady, projects inflation staying near 2% in coming years

Reuters |Updated 1 hour ago |1 min read

TOKYO (Reuters) - The Bank of Japan kept interest rates unchanged on Friday and issued fresh estimates projecting inflation to stay near its 2% target in the next three years, signalling its readiness to hike borrowing costs later this year. As ...

Police investigate at the Assyrian Christ The Good Shepherd Church after a knife attack took place during a service the night before, in Wakeley in Sydney, Australia, April 16, 2024.

Musk's X says posts of Australia bishop stabbing don't promote violence

ron Kaye |Updated 2 hours ago |2 min read

By Byron Kaye SYDNEY (Reuters) - Elon Musk's social media platform X defended publishing posts showing a bishop in Australia being stabbed during a sermon as "part of public discussion", rejecting a regulator's order to take down the content on ...

Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024.

Beijing city to subsidise domestic AI chips, targets self-reliance by 2027

Reuters |Updated 3 hours ago |1 min read

BEIJING (Reuters) - Beijing city authorities have announced subsidies for firms that purchase domestically produced artificial intelligence (AI) chips, as China seeks to develop its semiconductor industry and reduce reliance on foreign ...

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, yen tentative with eyes on BOJ decision

Rae Wee |Updated just now |4 min read

By Rae Wee SINGAPORE (Reuters) - Asian shares rose cautiously on Friday as markets sobered up to the idea that U.S. rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy ...

A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019.

Pakistan central bank expected to hold rates on Monday ahead of IMF deal, Reuters poll finds

Ariba Shahid |Updated 4 hours ago |3 min read

By Ariba Shahid KARACHI (Reuters) - Pakistan's central bank is widely expected to hold its key interest rate at a record 22% for the seventh straight policy meeting on Monday as Pakistan gears up for an International Monetary Fund board approval ...

A South Korea won note is seen in this illustration photo May 31, 2017.

South Korea's public finances no longer a credit rating 'strength', Fitch says

Jihoon Lee |Updated 4 hours ago |3 min read

By Jihoon Lee SEOUL (Reuters) - South Korea's public finances are no longer a strength for its sovereign credit rating but are now a neutral factor requiring near-term efforts to contain the rise in debt, global ratings agency Fitch said. "We've ...

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022.

Japan's yen hits 34-year low after BOJ holds interest rates

Tom Westbrook |Updated just now |2 min read

By Tom Westbrook SINGAPORE (Reuters) -The yen hit its weakest in three decades against the U.S. dollar after the Bank of Japan left interest rates on hold on Friday, keeping traders on edge as to when and to what degree authorities in Tokyo may ...

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