EASIA

Internet Explorer gravestone goes viral in South Korea

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SEOUL, June 17 (Reuters) – For Jung Ki-young, a South Korean software engineer, Microsoft Corp. (MSFT.O) decision to retire its Internet Explorer web browser marked the end of a quarter-century love-hate relationship with the technology. To commemorate its demise, he spent a month and 430,000 won ($ 330) designing and ordering a headstone with Explorer’s … Read more

BOJ maintains ultra-low rates, warns against sharp yen falls

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BOJ keeps interest rate targets unchanged Gov. Kuroda rules out near-term rate hike Kuroda says yen’s sharp fall undesirable, bad for economy BOJ ramps up efforts to defend 0.25% yield cap TOKYO, June 17 (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and vowed to defend its cap on bond yields … Read more

China launches third aircraft carrier, named after province opposite Taiwan

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The Chinese flag is seen in this illustration taken May 30, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register BEIJING, June 17 (Reuters) – China launched its third aircraft carrier on Friday, the domestically designed and built Fujian, named after the province opposite self-ruled Taiwan, sending a … Read more

Week of rate hikes has stocks on course for steepest slide since 2020

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Everyone except the BOJ is hiking Stocks sink as economy risks grow Yen slips as BOJ leaves policy unchanged SINGAPORE, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland put … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

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News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON / SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European … Read more

Asian stocks slide as Fed hike fears tip Wall St into bear market

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HONG KONG, June 14 (Reuters) – Asian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive US interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell … Read more

US and allies trade barbs with China, Ukraine dominates Asia security meeting

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SINGAPORE, June 11 (Reuters) – The United States and its allies traded barbs with China at Asia’s premier security meeting on Saturday, especially on Taiwan, but the war in Ukraine and a remote speech by President Volodymyr Zelenskiy dominated proceedings. US Defense Secretary Lloyd Austin earlier told the Shangri-La Dialogue in Singapore that Washington will … Read more

Tesla to seek investor approval for 3-for-1 stock split

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The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS / Tyrone Siu Register now for FREE unlimited access to Reuters.com Register June 10 (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) on Friday proposed a three-to-one stock split, making its shares more affordable following recent sell-offs of the most valuable automaker. … Read more

Japan edges closer to intervention in yen

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Japan says ‘concerned’ about sharp yen falls Top currency diplomat says ‘all options on table’ Tokyo ready to respond appropriately in accordance with G7 policy Yen fall puts pressure on BOJ ahead of next week’s meeting Analysts see low chance of intervention, BOJ policy tweak TOKYO, June 10 (Reuters) – Japan’s government and central bank … Read more

Tesla goes ahead with China hiring event after Musk job warning

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SHANGHAI, June 9 (Reuters) – Tesla was proceeding with an online hiring event in China on Thursday and added two dozen new job postings for the country, a week after Elon Musk threatened job cuts at the electric car maker and said the company was ” overstaffed “in some areas. Tesla (TSLA.O) plans to hold … Read more

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