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Morning Bid: Pondering the path of Fed policy
KKR to buy Perpetual's corporate, wealth units for $1.4 billion; CEO Adams to retire
(Reuters) - Perpetual said on Wednesday that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18 billion ($1.43 billion), sending the Australian financial services firm's shares to a five-month ...
Philippines posts $3.2 billion trade deficit in March
MANILA (Reuters) - The Philippines posted a trade deficit of $3.2 billion in March, the narrowest since May 2021, preliminary official data showed on Wednesday. Imports fell 20% to $9.3 billion in March from a year earlier, the biggest drop since ...
Dollar regains momentum as yen struggles
By Rae Wee SINGAPORE (Reuters) - The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept ...
Elon Musk proposed to launch robotaxis in China during April visit, state media report says
BEIJING (Reuters) -Elon Musk proposed testing Tesla's advanced driver-assistance package in China by deploying it in robotaxis, during his recent visit to the country, the state-backed China Daily newspaper reported on Wednesday, citing sources. ...
Samsung Medison buys AI software firm Sonio SAS for $92 million
SEOUL (Reuters) - South Korea's Samsung Medison said on Wednesday it is acquiring all of France's Sonio SAS, a fetal ultrasound artificial intelligence software company for about 126 billion won ($92.4 million). Samsung Electronics owns 68.45% ...
Bank of Japan issues stronger warning over yen's impact on policy
By Leika Kihara and Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan may take monetary policy action if yen falls affect prices significantly, governor Kazuo Ueda said on Wednesday, offering the strongest hint to date the currency's relentless ...
With onsite inspections, China dials up scrutiny of local market IPO hopefuls
SHANGHAI/HONG KONG (Reuters) - Chinese regulators are scrutinising old business deals and even the personal bank accounts of senior executives as they ramp up inspections of IPO hopefuls to slow the pace of fresh capital raisings and boost ...
US explores AI to train immigration officers on talking to refugees
By Jeffrey Dastin SAN FRANCISCO (Reuters) - The Department of Homeland Security (DHS) is piloting artificial intelligence to train officers who review applicants for refugee status in the United States, Secretary Alejandro Mayorkas told reporters ...
BOJ's Ueda signals chance of policy action if yen moves affect inflation
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank may take monetary policy action if yen moves have a big impact on inflation, escalating his warning against the economic fallout from the currency's ...
Oil slip on rising US stockpiles, cautious supply expectations
(Reuters) -Oil prices fell in early Asian trade on Wednesday as industry data showed a pile up in both crude and fuel inventories in the U.S., a sign of weak demand, and cautious supply expectations emerged ahead of an OPEC+ policy meeting next ...
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Morning Bid: Bullish momentum fades, yen intervention risks rise
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