ru24.pro
News in English
Май
2024

Новости за 05.05.2024

South Korea's Hankook Tire to become majority shareholder in Hanon Systems

BigNewsNetwork.com 

SEOUL : South Korea's Hankook Tire & Technology Co Ltd has signed a preliminary agreement to acquire a stake worth 1.7 trillion won ($1.25 billion) in Hanon Systems, it said on Friday, which would make it the majority shareholder. Hankook Tire, a business unit of Hankook & Company Group, said in a regulat

Japan may need to smooth excessive yen moves, says Finance Minister Suzuki

BigNewsNetwork.com 

TBILISI: Japanese Finance Minister Shunichi Suzuki said on Friday (May 3) authorities may need to smooth any excessive yen moves that hurt households and companies. "It's desirable for exchange rates to move stably. Excessive moves are undesirable," as they could have adverse effects on households and firm

Expedia shares sink as vacation rental weakness fuels revenue forecast trim

BigNewsNetwork.com 

:Expedia shares tumbled as much as 13 per cent to a near six-month low in early trading on Friday, after the online booking firm cut its annual forecast for revenue growth due to weakness at its vacation rentals brand Vrbo. Vrbo was seeing a slower rebound than the company's expectations following a restructu

Bank Indonesia confident rupiah will strengthen into year-end, governor says

BigNewsNetwork.com 

JAKARTA : Indonesia's central bank is confident that the rupiah currency will continue to regain ground against the dollar until the end of 2024, as capital inflows have returned after its recent unexpected rate hike, its governor said on Friday. "The rupiah's appreciation will continue from now on until

ADB agrees $5 billion funds replenishment with donors

BigNewsNetwork.com 

TBILISI :TheAsian Development Bank (ADB) said on Friday it had agreed a $5 billionreplenishment with donors for the bank's two funds, Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8.The ADF is ADB's largest source of grants for operations in its poorest and most vulnerable d

Intesa targets new digital-only clients after antritrust blow

BigNewsNetwork.com 

MILAN: Italy's biggest bank Intesa Sanpaolo on Friday (May 3) said it had acquired some 90,000 new customers through its digital-only arm Isybank, after an antitrust decision effectively halted the migration of existing clients. Italy's competition authority dealt a blow to Intesa's fintech ambitions in No

Exclusive-Stanford AI leader Fei-Fei Li building 'spatial intelligence' startup

BigNewsNetwork.com 

NEW YORK-SAN FRANCISCO : Prominent computer scientist Fei-Fei Li is building a startup that uses human-like processing of visual data to make artificial intelligence (AI) capable of advanced reasoning, six sources told Reuters, in what would be a leap forward for the technology.Li, considered a pioneer in

Stocks jump, yields drop as Fed cut hopes bloom

BigNewsNetwork.com 

NEW YORK :A gauge of global stocks rallied while Treasury yields fell on Friday after a U.S. payrolls report was softer than anticipated, easing concerns the Federal Reserve would keep interest rates higher for longer.Nonfarm payrolls rose by 175,000 last month, the lowest since October 2023, and short of the

Wall Street Journal moves Asia HQ from Hong Kong to Singapore, resulting in layoffs

BigNewsNetwork.com 

WASHINGTON: The Wall Street Journal (WSJ) will shift its Asia headquarters from Hong Kong to Singapore, it said on Thursday (May 2) in a letter sent to staff and seen by AFP. The US newspaper said its decision comes after other foreign firms have reconsidered their operations in Chinese financial hub Hong

Heatwave hammers Thailand's lucrative durian farms

BigNewsNetwork.com 

CHANTHABURI: Clambering hand-over-hand, sweat dripping into his eyes, a durian labourer expertly slices a cumbersome fruit from a tree before tossing it down to land with a soft thump in his colleague's waiting arms some 15m below. Among Thailand's most famous and lucrative exports, the pungent "king of fr