Category: Reuters
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Lufthansa sees earnings slump in third quarter as costs rise By Reuters
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By Ilona Wiesenbach, Joanna Plosinska, and Rachel Moore BERLIN/LONDON (Reuters) – Lufthansa warned on Wednesday of a drop in third-quarter profit as the German airline group faces higher wage costs and pressure on ticket prices, pointing to tougher market conditions in the aviation sector. Airfare prices in Europe and Asia…
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Yen choppy after BOJ hikes, Aussie struggles as RBA cuts eyed By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The yen swung between gains and losses on Wednesday after the Bank of Japan raised interest rates at the end of its two-day policy meeting and unveiled a detailed plan to scale back its massive bond-buying programme. The yen rose about 0.8% to…
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Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing By Reuters
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By Daniel Leussink TOKYO (Reuters) – Demand for hybrid vehicles is likely to drive another quarter of double-digit growth for Japan’s economy. Toyota Motor Co. (NYSE:) is expected to report a net profit when it reports earnings on Thursday, although it is expected to show signs of slowing after a…
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China official protests Japan’s negative remarks at meeting with US, Chinese foreign ministry says By Reuters
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BEIJING (Reuters) – A Chinese Foreign Ministry official has expressed diplomatic dissatisfaction to Japan over negative comments made by the Japanese side during a recent meeting with the United States, China’s foreign ministry said in a statement on Wednesday. Liu Jinsong, director-general of Asian affairs at China’s Foreign Ministry, has…
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Samsung flags strong AI demand as profit soars on higher chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd forecast strong demand for artificial intelligence-powered chips in the second half of this year, reporting a more than 15-fold increase in its second-quarter operating profit. “AI servers are expected to capture a larger share of the (memory)…
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OpenAI starts roll-out of advanced voice mode to some ChatGPT Plus users By Reuters
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Exclusive-Blackstone in bid to acquire shopping center owner Retail Opportunity, sources say By Reuters
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By Anirban Sen (Reuters) – Private equity firm Blackstone is in early talks to acquire Retail Opportunity Investments Corp, a U.S. shopping mall owner with a market value of about $2 billion, people familiar with the matter said. Blackstone’s interest comes after ROIC shares have lost more than 10% of…
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Japan’s new currency diplomat keeps intervention on table to stabilise yen By Reuters
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Written by Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan will maintain its basic approach on the yen, with intervention remaining an option to address excessively volatile moves in the exchange rate, Atsushi Mimura, the new Japanese diplomat in charge of the currency, told Reuters. “Japan will act in…
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US agency puts onus on Amazon for sale of hazardous third-party products By Reuters
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Amazon.com Inc is liable for dangerous products sold by third-party sellers on its platform under federal safety law and bears legal responsibility for recalling them, the U.S. consumer watchdog said Tuesday. The Consumer Product Safety Commission said it has ordered the e-commerce giant to propose remedial plans to notify consumers…
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Hedge funds make massive retreat from short yen positions, UBS says By Reuters
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Written by Summer Chen HONG KONG (Reuters) – Global hedge funds have largely pulled back from their bearish bets on the Japanese yen during the currency’s strong rally against the U.S. dollar over the past two weeks, according to a note to clients by UBS seen by Reuters on Tuesday.…
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Dollar, yen hold tight ranges as market braces for BOJ, Fed By Reuters
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By Brigid Riley TOKYO (Reuters) – The dollar and yen held within close ranges on Tuesday as traders awaited major central bank decisions, starting with midweek policy meetings from the Bank of Japan and the Federal Reserve, that could set the tone for the coming weeks. The Japanese currency took…
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India’s Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say By Reuters
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By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises, the flagship of the Adani group, plans to launch its first-ever public bond issue in the coming weeks to raise up to 6 billion rupees ($71.7 million), people familiar with the matter said on Tuesday. “The company has already filed a…
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US-Philippines engagements help with ‘agile’ responses to China, says Marcos By Reuters
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By Simon Lewis and Karen Lima MANILA (Reuters) – Philippine President Ferdinand Marcos Jr. told U.S. Secretaries of State Antony Blinken and Lloyd Austin on Tuesday that regular communication between Manila and Washington is needed to ensure “agile” responses to maritime tensions between his country and China. The Philippines, a…
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US-Philippines engagements help with ‘agile’ responses to China, says Marcos By Reuters
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By Simon Lewis and Karen Lima MANILA (Reuters) – Philippine President Ferdinand Marcos Jr. told U.S. Secretaries of State Antony Blinken and Lloyd Austin on Tuesday that regular communication between Manila and Washington is needed to ensure “agile” responses to maritime tensions between his country and China. The Philippines, a…
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Judge won’t require monitor for NRA, bans ex-chief LaPierre for 10 years By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A New York state judge ruled against imposing an outside monitor on the National Rifle Association, handing the gun rights group a victory while barring its former president, Wayne LaPierre, from serving as an officer or director of the group for 10 years.…
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PBOC is expected to set the USD/CNY reference rate at 7.2586 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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US accuses Venezuela of electoral manipulation, repression By Reuters
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By Matt Spitalnick and Phil Stewart WASHINGTON (Reuters) – The Biden administration said on Monday that election fraud had stripped Venezuelan President Nicolas Maduro’s claim of re-election of “any credibility”, and Washington left the door open to new sanctions on the OPEC member. Senior U.S. officials briefing reporters on Sunday’s…
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Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war By Reuters
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Written by Leila Kearney NEW YORK (Reuters) – Oil prices fell more than $1 a barrel on Monday after Israeli officials said they wanted to avoid dragging the Middle East into all-out war while responding to a deadly rocket attack on the Israeli-occupied Golan Heights over the weekend. U.S. crude…
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Israeli officials say they seek to avoid all-out war in Lebanon retaliation By Reuters
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Written by Mayan Lubell and Maya Gebeily JERUSALEM/BEIRUT (Reuters) – Israel wants to hurt Hezbollah but does not want to drag the Middle East into all-out war, two Israeli officials said on Monday, as Lebanon braced for a response after a rocket attack killed 12 children and teenagers in the…