Rivian Says Other Automakers 'Knocking on Door' About Tech From VW Joint Venture
While a joint venture will give Rivian higher volumes to negotiate better supplier deals and reduce costs, seen as critical amid a slowdown in EV demand, Volkswagen and potentially other traditional ...
Yen Gains, Bond Yields Rise After BOJ Hikes Rates
The BOJ hiked short-term lending rates by a quarter point to 0.5%, which had been already priced into money markets after central bank officials, including Governor Kazuo Ueda, had clearly signalled ...
India's Adani Green Appoints Independent Law Firms to Review US Indictment
(Reuters) - India's Adani Green has appointed independent law firms to review the U.S. indictment of founder Gautam Adani and top Adani Green executives of paying $265 million in bribes for power ...
Instant View: Investors React to Interest Rate Hike From BOJ
"The BOJ put the price outlook above 2% for both fiscal 2025 and 2026, revised up from the previous forecasts of 1.9% for both years. This indicates that the BOJ would continue raising interest rates ...
BOJ Raises Short-Term Interest Rates to 0.5% in Widely Expected Move
The board decided to raise the BOJ's short-term policy rate to 0.5% from 0.25% by an 8-1 vote. Board member Toyoaki Nakamura dissented to the decision. BOJ Governor Kazuo Ueda is scheduled to hold a ...
Japanese Pay Increases This Year Must Exceed Last Year's, Rengo Union Head Says
TOKYO (Reuters) - Japanese annual pay increases this year must exceed the 5.1% secured last year because real wages continue to fall, the head of the Rengo trade union group told Reuters on Friday.
Wall Street Regulator Revokes Accounting Guidance on Crypto Assets
(Reuters) - The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump's pivot ...
Oil Falls on Prospect of Trump Pushing up Crude Supplies
(Reuters) - Oil markets sank on Friday, a day after U.S. President Donald Trump pressured OPEC and its de facto leader Saudi Arabia to lower prices in a broad push to drive up crude production. Brent ...
Australia's Corporate Watchdog Assessing Regulatory Response Options After ASX CHESS Outage
(Reuters) - Australia's corporate regulator said on Friday it was assessing all options for a regulatory response, after bourse operator ASX's clearing and settlement software CHESS broke down last ...
China Cenbank Conducts Medium-Term Loan Operation, Rate Unchanged
The People's Bank of China (PBOC) lent 200 billion yuan ($27.46 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions at 2.00%, unchanged from the previous ...
Stargate Artificial Intelligence Project to Exclusively Serve OpenAI, FT Reports
(Reuters) - Stargate, the joint venture by OpenAI, SoftBank and Oracle to develop data centers for artificial intelligence in the U.S., will exclusively serve ChatGPT maker OpenAI, the Financial Times ...
Yen on Guard Ahead of BOJ Decision; Dollar Set for Weekly Loss
The BOJ concludes its two-day policy meeting later in the day and markets have fully priced in a 25-basis-point hike, with ...