Business
Swiss National Bank sold forex worth nearly $150 billion in 2023
ZURICH (Reuters) - The Swiss National Bank sold foreign currency worth 132.9 billion Swiss francs ($149.51 billion) in 2023, the central bank said on Tuesday, showing its increased emphasis on supporting the Swiss franc as a shield against ...
Macquarie and Canada's PSP starts AirTrunk data centre sales process, source says
By Scott Murdoch SYDNEY (Reuters) - Australia's Macquarie Group and Canada's Public Sector Pension Investment Board are starting a sales process for their AirTrunk data centre business, according to a source with direct knowledge of the matter.
Analysis-Chinese developer Vanke's credit pursuit clouded by clamour for collateral
By Engen Tham, Ziyi Tang and Clare Jim SHANGHAI/BEIJING/HONG KONG (Reuters) - A rare Beijing directive to help Vanke beat a liquidity crisis has left lenders scrabbling for the assets that the state-backed developer has proposed for collateral, ...
Cryptoverse: AI tokens outpace record-breaking bitcoin
By Medha Singh and Lisa Pauline Mattackal (Reuters) - The artificial intelligence boom has hit the crypto market with a bang. Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia, driven by insatiable investor ...
UK deputy PM launches global push to protect elections from AI, misinformation
By Josh Smith SEOUL (Reuters) - Democratic countries around the world should band together to confront the threat of AI used by malign states to threaten free elections and spread misinformation, British Deputy Prime Minister Oliver Dowden said ...
Morning Bid: Bank of Japan goes big
A look at the day ahead in European and global markets from Ankur Banerjee In a well-telegraphed move, the Bank of Japan delivered what investors had been waiting for - ending its negative interest rate policy after eight years. The pivot marks the ...
China seen leaving benchmark lending rates unchanged in March
SHANGHAI/SINGAPORE (Reuters) - China is widely expected to leave benchmark lending rates unchanged on Wednesday, a Reuters survey showed, as the central bank kept a key policy rate steady last week at a time when the broad economy is starting to ...
Analysis-Nvidia's dizzying rally spurs rush into AI-themed ETFs
By Suzanne McGee (Reuters) - The fervor around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia.
Factbox-What happens to BOJ's stimulus tools?
By Leika Kihara TOKYO (Reuters) - The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus.
BOJ's long battle with deflation and the great unwinding
TOKYO (Reuters) - The Bank of Japan (BOJ) ended eight years of negative interest rates and other pieces of unorthodox policy on Tuesday, making a historic shift away from decades of massive monetary stimulus. Here is a timeline of key moments in ...