Dollar follows yields higher on strong US data
By Tom Westbrook SINGAPORE (Reuters) – The dollar stood tall on Wednesday and the yen sagged close to levels that drew intervention last year after strong U.S. data drove a…
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Former BOJ chief Kuroda predicts more rate hikes
By Leika Kihara TOKYO (Reuters) – The Bank of Japan will likely keep raising interest rates in the coming years as inflation appears on track to sustainably hit its 2%…
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) -Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind…
Rolls-Royce to invest $376 million in UK plant to focus on bespoke cars
By Nick Carey LONDON (Reuters) – British luxury automaker Rolls-Royce (OTC:RYCEY) said on Wednesday it will invest 300 million pounds ($376 million) to expand its Goodwood plant to focus more…
S.Korea acting president says government will respond swiftly to market volatility
SEOUL (Reuters) – South Korea’s acting President Choi Sang-mok on Wednesday said the government will work with the central bank and regulators to respond swiftly to any financial market volatility…
Third Rock-backed Maze Therapeutics reveals profit in US IPO filing
(Reuters) – Biotech firm Maze Therapeutics, backed by Third Rock Ventures, revealed a profit for the first nine months of 2024 in its paperwork for a U.S. initial public offering…
Internet-connected devices can now have a label that rates their security
By Raphael Satter WASHINGTON (Reuters) – The White House on Tuesday unveiled a new label for smart thermostats, baby monitors, app-controlled lights and other internet-connected devices that will allow consumers…
FDA approves injectable version of Bristol Myers Squibb’s cancer drug Opdivo
(This Dec. 27 story has been corrected to say Opdivo Qvantig has been approved to treat most previously approved tumor indications, not all previously approved tumor indications, in paragraph 5)…
Nvidia CEO says company has plans for desktop chip designed with MediaTek
By Stephen Nellis (Reuters) -Nvidia Chief Executive Jensen Huang said on Tuesday that MediaTek will be able to sell the desktop central processor chip the two companies unveiled earlier this…
Spiking yields puncture risk appetite, Japan warns on yen
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors go into Wednesday’s market trading in Asia with their appetite for risk smothered by the…