(Reuters) – The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to boost the currency that is languishing near 34-year lows.[...]
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April 29, 2024
Chinese property shares rally on stimulus hopes
By Clare Jim and Xie Yu HONG KONG (Reuters) -Shares of Chinese property developers rallied on Monday on speculation more stimulus measures are likely to be unveiled this week aimed at clearing invento[...]
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South Korea’s chip-led export growth to quicken in April: Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports are expected to have risen at a faster pace in April, extending gains for a seventh straight month on strong chip sales, a Reuters pol[...]
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Instant view: Japan’s yen jumps 5 yen against dollar on suspected intervention
(Reuters) – The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to boost the currency that is languishing near 34-year lows.[...]
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Baidu, Tesla agree on mapping deal for FSD in China, sources say
BEIJING (Reuters) -Baidu, China’s major internet search company, reached an agreement with Tesla to grant the car company access to its mapping license for data collection on China’s publi[...]
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History of Japan’s intervention in currency markets
TOKYO (Reuters) -Japan’s yen strengthened sharply on Monday in a move market participants said pointed to yen-buying intervention from Japanese authorities to stabilise the sliding currency. Aft[...]
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Exclusive-Chinese brokerage CICC cutting dealmakers’ base pay by 25%, sources say
By Selena Li and Julie Zhu HONG KONG/SHANGHAI (Reuters) -China International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major[...]
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Tesla clears key China assisted-driving hurdle with Baidu deal, Bloomberg News says
(Reuters) – Tesla is set to clear a key hurdle to introduce its advanced assisted driving features in China by partnering with Baidu for mapping and navigation functions, Bloomberg News reported[...]
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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -SK Innovation Co Ltd said on Monday its SK On battery-making unit is on target to breakeven in the second half of this year after it posted a forecast-b[...]
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