BEIJING (Reuters) -The global buzz around Microsoft chatbot ChatGPT has spread to China, shoring up stocks in artificial intelligence (AI) related firms and prompting a flurry of local companies to announce rival projects. Like Microsoft and Google，Chinese tech giants such as Baidu and Alibaba as well as smaller start-ups have been working on AI projects …
Factbox-Chinese firms working on ChatGPT-style technology Read More »
By Chibuike Oguh NEW YORK (Reuters) -Global equities and U.S. Treasury yields were lower on Wednesday as recent strong economic data had investors worried about aggressive interest rate hikes even though minutes of the Federal Reserve’s last meeting showed officials at the Jan. 31 to Feb. 1 meeting favored moderation. A solid majority of Fed …
Global shares, U.S. Treasury yields fall; Fed minutes called ‘outdated’ Read More »
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -Nearly all Federal Reserve policymakers rallied behind a decision to further slow the pace of interest rate hikes at the U.S. central bank’s last policy meeting, but also indicated that curbing unacceptably high inflation would be the “key factor” in how much further rates need to …
With inflation still the focus, Fed minutes show openness to higher rates endgame Read More »
By David French (Reuters) – The S&P 500 extended its losing streak to four sessions as Wall Street ended broadly lower on Wednesday, with investors cautious despite the latest guidance on rate policy from the U.S. central bank showing few surprises. Minutes from the Federal Reserve’s Jan. 31-Feb. 1 meeting said that “almost all” Fed …
S&P ends down as Fed minutes fail to halt losing run Read More »
By Mark Trevelyan and Jake Cordell LONDON (Reuters) -Russia will stick to agreed limits on nuclear missiles and keep informing the United States about changes in its deployments, a senior defence official said on Wednesday, despite the suspension of its last remaining arms control treaty with Washington. Both chambers of Russia’s parliament voted quickly in …
Russia says it will play by nuclear treaty rules despite suspending deal with U.S Read More »
By Shariq Khan BENGALURU (Reuters) – Oil prices fell by $2 per barrel to their lowest in two weeks on Wednesday, as investors became more concerned that recent data will prompt more aggressive interest rate increases by central banks, pressuring economic growth and fuel demand. Brent crude futures settled $2.45, or 3%, lower at $80.60 …
Oil drops 3% as high inflation risks stoke demand worries Read More »
By Laura Matthews NEW YORK (Reuters) – The dollar strengthened on Wednesday after U.S. Federal Reserve meeting minutes showed policymakers are determined to use a slower pace of interest-rate hikes to tame persistently high inflation. The greenback rose in late trading, sending sterling down 0.58% to $1.2036, while the euro fell 0.44% to $1.0600. The …
U.S. dollar strengthens as Fed minutes signal higher rates Read More »
By Guy Faulconbridge and Simon Lewis MOSCOW/WASHINGTON (Reuters) -The United States is concerned by greater alignment between China and Russia, the U.S. State Department said on Wednesday after Russian President Vladimir Putin hailed “new frontiers” in ties with Beijing and signalled China’s Xi Jinping would visit his country. Word of Xi’s visit comes as Washington …
U.S. concerned by China-Russia ties as Putin signals Xi visit Read More »
By Maki Shiraki and Eimi Yamamitsu TOKYO (Reuters) -Toyota Motor Corp, the world’s biggest automaker, said on Wednesday it would accept a union demand for the biggest base salary increase in 20 years and a rise in bonus payments, as Japan steps up calls for businesses to hike pay. As one of Japan’s biggest employers, …
Toyota accepts union demands for biggest wage hike in two decades Read More »
By Pulcherie Adjoha and Seraphin Zounyekpe ECO SIKA, Benin (Reuters) – Maize husks, cassava peelings, coconut shells and other organic waste are the untraditional raw materials of Roland Adjovi’s charcoal business that he hopes will help slow the destruction of Benin’s trees for cooking fuel. Dismayed at the endless convoys of trucks carrying piles of …
Benin entrepreneur transforms plant waste into charcoal Read More »
