Stocks News

BEIJING (Reuters) – Several small and mid-sized banks in China have lowered their deposit interest rates, a move that could help ease costs as loan growth faces more pressure amid rising economic risks.

SHANGHAI (Reuters) – Alibaba Group Holding Ltd on Tuesday unveiled Tongyi Qianwen, an AI large language model similar to GPT that it plans to integrate into all of the company’s business applications in the near future.

By Rocky Swift TOKYO (Reuters) – Second-quarter results from Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, will on Thursday offer a window into how rapidly demand in China is recovering after the lifting of pandemic curbs.

ASTANA (Reuters) – Kazakhstan has started arbitration proceedings against companies developing its giant Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion, respectively, in deducted costs, Energy Minister Almasadam Satkaliyev said on Tuesday.

By Joan Faus MADRID (Reuters) – Volkswagen and Renault plan to request funds from a revamped Spanish government scheme aimed at encouraging electric vehicle (EV) production in the country, while Stellantis and newcomer AEHRA may do so, the carmakers told Reuters.

By Daniel Wiessner (Reuters) – Activision Blizzard Inc violated U.S. labor law by illegally surveilling employees during a walkout and threatening to shut down internal chat channels as a union sought to organize its workers, a federal labor agency said on Friday.

BEIJING (Reuters) – China’s consumer inflation in March hit the slowest pace since September 2021, driven by falling food prices, official data showed on Tuesday, suggesting demand weakness persists amid an uneven economic recovery.

By Sophie Yu and Brenda Goh BEIJING (Reuters) – Chinese airlines undertaking the biggest hiring drives in more than three years as travel rebounds are facing a deluge of applicants for cabin crew roles as fresh university graduates turn to the relatively high-paying career in a

NEW YORK (Reuters) – A U.S. judge rejected requests to sever JPMorgan Chase & Co’s lawsuit accusing former executive Jes Staley of concealing what he knew about Jeffrey Epstein from two related lawsuits over its work for the late sex offender. Monday’s decision

By Davide Barbuscia NEW YORK (Reuters) – The Federal Reserve may not need to raise interest rates further to fight inflation, as the fallout from last month’s turmoil in the banking sector and a series of recent labor data point to a slowing U.S. economy, a

By Divya Rajagopal TORONTO (Reuters) – Glencore Plc Chief Executive Gary Nagle plans to meet with some of Teck Resources Ltd’s Canadian shareholders in Toronto this Thursday to personally lobby them for support of Glencore’s proposed takeover of the copper and zinc miner, according to a

By Davide Barbuscia NEW YORK (Reuters) – The Federal Reserve may not need to raise interest rates further to fight inflation, as the fallout from last month’s turmoil in the banking sector and a series of recent labor data point to a slowing U.S. economy, a

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever.

By Michael Martina and Patricia Zengerle

WASHINGTON (Reuters) – The U.S. Federal Trade Commission opened a new front in its fight against the Intercontinental Exchange deal to buy Black Knight by asking a federal court for a preliminary injunction to halt the deal while its internal administrative process moves forward.

By Nichola Groom (Reuters) – U.S. residential solar installers are bracing for a slowdown this year as California, the sector’s pioneer and biggest market, is days away from slashing a subsidy for panel owners that has underpinned more than a decade of explosive growth.

By Ankur Banerjee SINGAPORE (Reuters) – Asian shares inched higher, while the dollar started the week on the front foot after the U.S. jobs data underscored a tight labour market, firming up expectations that the Federal Reserve will again raise interest rates at its meeting next

WASHINGTON (Reuters) – The United States Postal Service (USPS) on Monday said it was seeking approval to hike the price of first-class mail stamps to 66 cents from 63 cents.

By Tom Polansek CHICAGO (Reuters) – About 150 employees of a Tyson Foods Inc chicken plant in Arkansas went on strike on Monday for better treatment before the company shuts the facility, an organizer said.

(Reuters) – U.S. stock index futures were mixed on Monday, as traders returned from Easter break to growing risks that the Federal Reserve will continue to hike interest rates after Friday’s jobs data highlighted a still-strong labor market.