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Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
Euro hits one-week high ahead of German inflation data
Euro hits one-week high ahead of German inflation data
Oct 30, 2024
Euro rose in European trade on Wednesday on track for the third profit in a row against the US dollar, hitting a week high after data showed Spanish inflation rose past estimates in October, renewing the pressure on the European Central Bank. The odds of a 0.25% ECB interest rate cut in December dipped, with investors now waiting for official...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
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OpenAI, Meta in talks with Reliance for AI partnerships, The Information reports
OpenAI, Meta in talks with Reliance for AI partnerships, The Information reports
Mar 22, 2025
(Reuters) - OpenAI and Meta Platforms ( META ) have held separate discussions with India's Reliance Industries over potential partnerships to expand their artificial intelligence offerings in the country, technology news website The Information reported on Saturday. A possibility being discussed involved a relationship between Reliance Jio and OpenAI to distribute ChatGPT, according to The Information, which cited two sources...
US Senator Steve Daines meets Chinese Premier Li Qiang in Beijing
US Senator Steve Daines meets Chinese Premier Li Qiang in Beijing
Mar 23, 2025
BEIJING, March 23 (Reuters) - U.S. Republican Senator Steve Daines met Chinese Premier Li Qiang in Beijing on Sunday, following an annual business summit in the Chinese capital attended by top foreign CEOs. Daines was accompanied by Qualcomm ( QCOM ) CEO Cristiano Amon, Pfizer ( PFE ) CEO Albert Bourla, FedEx ( FDX ) CEO Raj Subramaniam, Cargill CEO...
OpenAI, Meta in talks with Reliance for AI partnerships, The Information reports
OpenAI, Meta in talks with Reliance for AI partnerships, The Information reports
Mar 22, 2025
March 22 (Reuters) - OpenAI and Meta Platforms ( META ) have held separate discussions with India's Reliance Industries over potential partnerships to expand their artificial intelligence offerings in the country, The Information reported on Saturday, citing two people who spoke to executives at both companies. ...
Trump's regulatory freeze throws US fishing industry into chaos
Trump's regulatory freeze throws US fishing industry into chaos
Mar 23, 2025
(Reuters) - President Donald Trump's regulatory freeze has injected chaos and uncertainty into a number of lucrative American fisheries, raising the risk of a delayed start to the fishing season for some East Coast cod and haddock fleets and leading to overfishing of Atlantic bluefin tuna, according to Reuters interviews with industry groups and federal government employees.  America's $320 billion...
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