Business
German economy likely to stagnate in 2024, IW forecasts
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 ...
AI boom set to fuel data centre deals in Asia this year
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, ...
Asia stocks drift, dollar firm as Fed rate path pondered
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 ...
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 ...
More Business Stories
US explores AI to train immigration officers on talking to refugees
BOJ's Ueda signals chance of policy action if yen moves affect inflation
Apple reveals new tech: 'Biggest day for iPad since it's introduction'
Crewed flight of Boeing Starliner space capsule pushed back at least 10 more days
FTX files amended reorganization plan, expects $14.5 billion-$16.3 billion for distribution
Brazil's Carrefour swings to profit in first quarter
Cape Breton Regional Police investigating complaint alleging funds missing from volunteer fire department
Curiosity
Cape Breton’s superyacht destination reputation growing
Local, trusted news matters now more than ever.
And so does your support.
Ensure local journalism stays in your community by purchasing a membership today.
The news and opinions you’ll love starting as low as $1.