Microsoft will reportedly invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country, training 3 million people in AI and setting up a Microsoft Research Asia lab in Tokyo, Reuters reported Tuesday (April 9). The company will announce this investment Tuesday, while Japanese Prime Minister
Meanwhile, China’s central bank has been on an easing trajectory, with its latest decision in February cutting 25 basis points from banks’ five-year loan prime rate (LPR), the largest shave since the LPR was designated as the main rate benchmark in 2019. People take pictures in the Shinjuku area of Tokyo on March 30, 2024.
Japan property catastrophe demand was marginally down year-on-year at the April 1st, 2024, reinsurance renewals, while some increases in retentions were offset by a small amount of additional capacity purchased, reports Gallagher Re. In the reinsurance broker’s 1st View Report, the firm highlights how there was a “significant uptick in supply of capacity from reinsurers.”
By Rae Wee SINGAPORE (Reuters) – The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities kept investors leery of pushing the currency to a new low, while Asian stocks fell ahead of a key U.S. inflation reading. Markets were largely rangebound ahead of Friday’s much-anticipated U.S.
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s finance minister issued his strongest warning to date on Wednesday about yen weakness as it fell to a 34-year low against the dollar, saying authorities could take “decisive steps”, language previously used before intervention. Shunichi Suzuki previously used the phrase “decisive steps” in autumn 2022 when Japan last intervened
TOKYO (AP) — Japan’s Cabinet OK’d a plan to sell future next-generation fighter jets to other countries on Tuesday, its latest step away from the pacifist principles the country adopted at the end of World War II. The controversial decision to allow international arms sales is expected to help secure Japan’s role in a year-old
By Tom Westbrook SINGAPORE (Reuters) – The U.S. dollar was set for a second week of broad gains on Friday, with even a rate hike in Japan unable to halt its march, and a surprise cut in Switzerland highlighting the gap between the Federal Reserve and global peers in interest rate settings. Expectations for policy
The Bank of Japan’s (BoJ) decision to end its negative interest rate policy had been expected by markets for a long time. But the announcement on March 19 did feel like a turning point for one of the best-performing stock markets in recent years; after all, the last time the BoJ raised rates was in
TOKYO (Reuters) -Some McDonald’s stores were back online after a technology outage on Friday disrupted operations for a few hours at many of the restaurant chain’s outlets worldwide. The fast food giant ruled out the possibility of a cybersecurity incident and said the tech issue was being resolved, after its restaurants in countries including Japan,
The Enforcement Directorate has filed a chargesheet under anti-money laundering laws against 299 entities, including 10 individuals of Chinese origin. This action follows an investigation into allegations of defrauding investors through schemes involving mining cryptocurrencies like Bitcoins, stated the ED. The ED stated that a special court in Dimapur, Nagaland, has acknowledged the prosecution complaint filed