Business
Morning Bid: Reading BOJ's tea leaves
A look at the day ahead in European and global markets from Rae Wee The Bank of Japan's (BOJ) decision to keep interest rates around zero didn't come as a surprise, and focus now turns to Governor Kazuo Ueda's press conference late on Friday for ...
Former exec Baglino sells Tesla shares worth $181.5 million, SEC filing shows
(Reuters) - Former Tesla executive Drew Baglino has sold shares worth around $181.5 million in the world's top EV maker, according to a SEC filing on Thursday. Baglino, a Tesla veteran who began his career as an engineer in 2006 and was one of ...
Analysis-Tesla's plan for affordable cars takes page from Detroit rivals
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 ...
Hong Kong March home prices up 1.1%, first rise in nearly a year
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 ...
Instant View: Bank of Japan keeps rates steady, tweaks JGB buying plan
(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 ...
BOJ keeps rates steady, projects inflation staying near 2% in coming years
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 ...
Musk's X says posts of Australia bishop stabbing don't promote violence
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 ...
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
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 ...
Asia stocks, yen tentative with eyes on BOJ decision
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 ...
Pakistan central bank expected to hold rates on Monday ahead of IMF deal, Reuters poll finds
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 ...