Business

Australia’s ABC names Reuters executive Robinson as news director

Thursday, May 28 by SRN News

SYDNEY, May 28 (Reuters) - The Australian Broadcasting Corporation has appointed a senior Reuters executive, Simon Robinson, as its director of news and current affairs, the two news organisations said on Thursday. Robinson, now executive editor at Reuters, will start with the Australian public broadcaster... Read More.

Japan banks battle to secure deposits as savers chase market highs

Thursday, May 28 by SRN News

By Miho Uranaka and Anton Bridge TOKYO, May 28 (Reuters) - Japanese banks are, in a historic shift, competing to shore up their deposit base as lending opportunities grow and consumers, seeking to beat inflation, shift their savings into a booming stock market. While banks had... Read More.

Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come

Thursday, May 28 by SRN News

By Julie Zhu and Anne Marie Roantree HONG KONG, May 28 (Reuters) - China's commitment to buy 200 Boeing jets during a recent visit by U.S. President Donald Trump will be firmed up later this year and is only an "initial tranche" of a potentially... Read More.

Wealthy families cut dollar exposure, survey finds

Thursday, May 28 by SRN News

ZURICH, May 28 (Reuters) - The world's richest families are trimming exposure to the U.S. dollar as geopolitical tensions and rising sovereign debt drive a broader rethink of portfolio risk, UBS said in a report published on Thursday. About two-thirds of... Read More.

KKR to open Milan office as U.S. private equity giant deepens Italy push

Thursday, May 28 by SRN News

ROME, May 28 (Reuters) - KKR & Co said on Thursday it would open an office in Milan as the U.S. private equity firm looks to expand its presence in Italy after significant investments in the telecoms and energy sectors. Over the past two... Read More.

Australia launches record $1.4B lawsuit against 3M over ‘forever chemicals’ at defense bases

Thursday, May 28 by SRN News

MELBOURNE, Australia (AP) - Australia is suing U.S. conglomerate 3M for more than 2 billion Australian dollars ($1.4 billion) over so-called "forever chemical" contamination from firefighting foam at defense bases. the government said on Thursday. The government's largest-ever claim for compensation relates to contamination with... Read More.

Chevron files request to acquire offshore Greek block, energy ministry says

Thursday, May 28 by SRN News

ATHENS, May 28 (Reuters) - U.S. oil major Chevron has filed an official request to take over a 70% stake from Greece's Helleniq Energy in an offshore block west of Greece, the Greek energy ministry said on Thursday. (Reporting by Angeliki KoutantouEditing by... Read More.

Taiwan says US has no timetable for chip tariffs, preferential terms already agreed

Thursday, May 28 by SRN News

TAIPEI, May 28 (Reuters) - The U.S. has no timetable for levying Section 232 tariffs on semiconductors but preferential terms have already been agreed under a January trade deal, Taiwan Vice Premier Cheng Li-chiun said on Thursday. • The U.S. is removing or cutting some... Read More.

Exclusive-ByteDance developing custom CPU chips to support AI rollout, sources say

Thursday, May 28 by SRN News

By Liam Mo and Fanny Potkin BEIJING/PARIS, May 28 (Reuters) - Chinese technology giant ByteDance is developing its own central processing units (CPUs) to support its growing AI infrastructure needs, three people familiar with the matter said, as surging chip prices and prolonged supply shortages... Read More.

In a tourist-friendly move, China’s Tencent to allow PayPal payments through its WeChat networks

Thursday, May 28 by SRN News

HONG KONG (AP) - PayPal users will be able to make cashless payments in China using QR codes through Tencent's WeChat Pay's extensive merchant network, the Chinese technology giant says, in a move calibrated to attract more foreign tourists. Apart from social media and messaging,... Read More.

Current Weather

Australia’s ABC names Reuters executive Robinson as news director

Japan banks battle to secure deposits as savers chase market highs

Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come

Wealthy families cut dollar exposure, survey finds

KKR to open Milan office as U.S. private equity giant deepens Italy push

Australia launches record $1.4B lawsuit against 3M over ‘forever chemicals’ at defense bases

Chevron files request to acquire offshore Greek block, energy ministry says

Taiwan says US has no timetable for chip tariffs, preferential terms already agreed

Exclusive-ByteDance developing custom CPU chips to support AI rollout, sources say

In a tourist-friendly move, China’s Tencent to allow PayPal payments through its WeChat networks

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