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Bank of Japan Chief Stresses Need to Hit 2% Inflation Backed by Wage Gains
TOKYO, March 17 (Reuters) - Bank of Japan Governor Kazuo Ueda said underlying inflation is accelerating toward the bank's 2% target, stressing that price rises must be matched by solid wage gains.
Tue, Mar 17
US Government Confirms Tesla and Lg Energy Solution's $4.3 Billion Battery Deal
WASHINGTON, March 16 (Reuters) - The U.S. government on Monday said electric vehicle maker Tesla (TSLA) and South Korea's LG Energy Solution (373220.KS) had signed a supply agreement to build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, Michig
Tue, Mar 17
Samsung shares rise after Nvidia's Huang flags tie-up on new AI chips
By Hyunjoo Jin March 17 (Reuters) - Shares of Samsung Electronics 005930.KS rose as much as 5% on Tuesday after Nvidia NVDA.O CEO Jensen Huang said the South Korean company was producing Nvidia's new artificial intelligence chips. The news fuelled expectations that Samsung's foundry di...
Tue, Mar 17
Meta’s Hire-then-fire Yo-yo Is Different This Time
NEW YORK, March 16 (Reuters Breakingviews) - One gigantic round of layoffs for Meta Platforms (META) was a misfortune.
Tue, Mar 17
Gold Steady as Investors Await Central Bank Decisions, Weigh Mideast Risks
March 17 (Reuters) - Gold prices were largely steady on Tuesday as investors stayed on the sidelines, weighing the economic fallout from the conflict in the Middle East ahead of a slew of central bank policy decisions this week.
Tue, Mar 17
SK Group Chairman Says Wafer Shortage to Last Until 2030, Trying to Stabilise Memory Prices
SAN JOSE, California, March 16 (Reuters) - South Korea's SK Group Chairman Chey Tae-won said on Monday the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to outpace supply.
Tue, Mar 17
US Says 10% of Airport Security Officers Did Not Work Sunday Amid Shutdown
WASHINGTON, March 16 (Reuters) - The Trump administration said just over 10% of Transportation Security Administration airport security officers on Sunday did not show up for work as a partial government shutdown stretches to 30 days, showing no end in sight.
Tue, Mar 17
Samsung Workers' Strike Plan Would Disrupt Chip Supply, Union Chief Says
PYEONGTAEK, South Korea, March 17 (Reuters) - The biggest workers' union at South Korea's Samsung Electronics 005930.KS has threatened to disrupt chip production as members vote on a plan to strike in May, its leader told Reuters.
Tue, Mar 17
US STOCKS-Wall Street Ends Higher as Traders Return to AI Stocks
March 16 (Reuters) - Wall Street ended sharply higher on Monday, fueled by gains in AI-related stocks, with Meta Platforms climbing after a report that it is preparing for sweeping layoffs, while oil prices retreated amid ongoing uncertainty about the Middle East conflict.
Tue, Mar 17
OpenAI to Cut Back on Side Projects to Focus on Core Business, WSJ Reports
March 16 (Reuters) - ChatGPT-maker OpenAI's top executives are finalizing plans for a major strategy shift to refocus the company around coding and business users, the Wall Street Journal reported on Monday.
Tue, Mar 17
US Average Diesel Prices Cross $5 a Gallon as Middle East War Tests Global Economy
NEW YORK, March 16 (Reuters) - U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy.
Tue, Mar 17
Rhythm Pharma's Drug Fails Key Genetic Obesity Trial, Shares Fall
March 16 (Reuters) - Rhythm Pharmaceuticals RYTM.O said on Monday its experimental obesity drug in patients with rare genetic conditions did not meet the main goal of a late-stage trial.
Tue, Mar 17
Disputes with China won't be to blame if Trump delays summit with Xi, Bessent says
Bessent, Greer say Paris talks affirm stable US-China relationshipUS, China conclude trade talks aimed at teeing up deals for Trump and XiNew US unfair trade probes a source of tension in talks US, China seek to explore new ways to manage trade, investmentsBy David Lawder and Elizabeth Howcroft P...
Mon, Mar 16
Oil falls amid attacks on Gulf export facilities
US in talks with other countries to protect Strait of HormuzBrent, WTI have surged more than 40% this monthUS hit military targets on Iran's Kharg Island oil export hubOil reserves to begin flowing to market soon, IEA saysBy Enes Tunagur LONDON, March 16 (Reuters) - Oil prices fell on Monday ...
Mon, Mar 16
China and US in Communication on Trump Visit, Chinese Foreign Ministry Says
BEIJING, March 16 (Reuters) - China and the U.S. are in communication about President Donald Trump's visit to China, a Chinese foreign ministry spokesperson said on Monday when asked about reports of Trump's threat to delay a planned summit with Chinese President Xi Jinping.
Mon, Mar 16
Oil Depot in Southern Russia on Fire After Drone Attack, Authorities Say
MOSCOW, March 16 (Reuters) - An oil depot in Russia's southern Krasnodar region caught fire after a drone attack, local authorities reported on Monday.
Mon, Mar 16
Asian Stocks Waver on Mideast Tensions; Indonesia Tumbles to Eight-month Low
March 16 (Reuters) - Stocks in emerging Asia fluctuated on Monday as the Middle East war kept oil prices elevated and investors on edge, while Indonesian equities fell to an eight-month low after the president indicated a willingness to exceed the country's fiscal deficit limit.
Mon, Mar 16
Japan Not yet Planning Hormuz Escort Mission, Pm Takaichi Says
TOKYO, March 16 (Reuters) - Japan does not currently plan to dispatch naval vessels to escort ships in the Middle East, Prime Minister Sanae Takaichi said on Monday, after U.S. President Donald Trump called on allies to help escort tankers through the Strait of Hormuz.
Mon, Mar 16
Micron Plans Second Chip Facility at Newly Acquired Taiwan Site
TAIPEI, March 16 (Reuters) - U.S. memory chipmaker Micron Technology MU.O said on Monday it plans to build a second manufacturing facility in Taiwan at the Tongluo site it recently acquired from Powerchip Semiconductor Manufacturing Corp.
Mon, Mar 16
GLOBAL MARKETS-Asia Shares Wary, Oil Volatile as War Drags On
SYDNEY, March 16 (Reuters) - Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one possible hike.
Mon, Mar 16
