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Containers are unloaded from the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder on the River Elbe in Hamburg, Germany March 31, 2023.

German economy likely to stagnate in 2024, IW forecasts

Klaus Lauer |Updated 52 minutes ago |2 min read

By Klaus Lauer BERLIN (Reuters) - Germany's economy will stagnate in 2024 despite a stronger than expected start to the year, and will continue to lag behind European peers, according to German economic institute IW. Manufacturing and the ...

A view of an operations nerve center at a Keppel data centre in Singapore July 3, 2023.

AI boom set to fuel data centre deals in Asia this year

Scott Murdoch, Kane Wu and Yantoultra Ngui |Updated 1 hour ago |3 min read

By Scott Murdoch, Kane Wu and Yantoultra Ngui SYDNEY/HONG KONG/SINGAPORE (Reuters) - Global private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, ...

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 drift, dollar firm as Fed rate path pondered

Kevin Buckland |Updated 2 hours ago |3 min read

By Kevin Buckland TOKYO (Reuters) - Asian stocks lacked direction on Wednesday, while the dollar remained firm despite lower U.S. Treasury yields as markets assessed mixed signals from U.S. policymakers and economic data on the path for Federal ...

Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018.

KKR to buy Perpetual's corporate, wealth units for $1.4 billion; CEO Adams to retire

Reuters |Updated 2 hours ago |2 min read

(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 ...

Trucks transporting containers with imported items are prepared to leave a port in Manila, Philippines May 25, 2016.

Philippines posts $3.2 billion trade deficit in March

Reuters |Updated 2 hours ago |1 min read

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 ...

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022.

Dollar regains momentum as yen struggles

Rae Wee |Updated 3 hours ago |3 min read

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 ...

Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023.

Elon Musk proposed to launch robotaxis in China during April visit, state media report says

Reuters |Updated 32 minutes ago |3 min read

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. ...

SaltWire

Samsung Medison buys AI software firm Sonio SAS for $92 million

Reuters |Updated 3 hours ago |1 min read

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% ...

Japanese Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and Korean Finance Minister Choi Sang-mok on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024.

Bank of Japan issues stronger warning over yen's impact on policy

Leika Kihara, Satoshi Sugiyama |Updated 1 hour ago |3 min read

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 ...

A Chinese flag and a stock graph are seen in this illustration picture taken April 30, 2024.

With onsite inspections, China dials up scrutiny of local market IPO hopefuls

Reuters |Updated 3 hours ago |4 min read

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 ...

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