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BOJ ends negative rate policy
Exclusive-Fidelity International plan to cut 16% of China fund unit jobs, sources say
By Selena Li and Xie Yu HONG KONG (Reuters) - Fund manager Fidelity International(FIL) is planning to lay off 20 people at its main China business unit, two sources familiar with the matter said, a move that comes amid a global downsizing by the ...
Japanese stocks down, yen steady as markets brace for landmark BOJ shift
By Ankur Banerjee SINGAPORE (Reuters) - Japanese shares fell on Tuesday along with regional markets, while the yen was steady heading into a pivotal Bank of Japan meeting that could end eight years of negative interest rates and usher in the ...
China's Longi says it will lay off about 5% of employees
BEIJING (Reuters) - China's Longi Green Technology Energy, the world's largest solar manufacturer, will lay off about 5% of its employees, the company said in a statement on Tuesday. It added that a media report saying the company had plans to ...
Australian business leaders to meet Chinese foreign minister
By Kirsty Needham SYDNEY (Reuters) - Australian business leaders are set to meet China's foreign minister in Canberra, saying their country lacks knowledge of its biggest trading partner and that they will seek insight on how Beijing views ...
Nippon Steel pledges to move US HQ to US Steel's Pittsburgh
TOKYO (Reuters) - Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S. Steel is based if the deal goes through, an executive said, adding to the pledges from the Japanese steelmaker to secure the ...
Yen holds nerve as BOJ decision looms; dollar resurgent
By Rae Wee SINGAPORE (Reuters) - The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar towered over its peers as bets for early rate ...
Nvidia's new software tools meant for companies adding AI to business
By Anna Tong and Stephen Nellis SAN JOSE (Reuters) - Nvidia on Monday unveiled software aimed at making it easier for businesses to incorporate artificial intelligence systems into their work, broadening the chipmaker's offerings. The release ...
US must improve copper mine permitting process, Freeport CEO says
By Ernest Scheyder HOUSTON (Reuters) - The U.S. must improve its mine permitting process if it hopes to boost domestic supplies of critical minerals to power the clean energy transition, the CEO of copper giant Freeport-McMoRan said on Monday.
Trading app Robinhood drops margin investing in UK launch
By Elizabeth Howcroft LONDON (Reuters) - Trading platform Robinhood has "paused" its plan to lend to UK-based customers to allow them to make leveraged trades pending further talks with regulators, as it launches its UK business, the company ...
European patent applications hit record high in 2023
(Reuters) - The European Patent Office (EPA) received a record number of patent applications last year, with the biggest share of fillings coming from the United States, Germany, Japan and China, the office's register showed on Tuesday. The ...