In Asia

Britain’s tax slump sent stocks and sterling rebounding

Britain scrapped a small part of the tax plan; relieved markets The Reserve Bank of Australia surprises with a slight rise VIX height; Credit Suisse’s slipping point into the nerves below it SYDNEY (Reuters) – Asian stocks rebounded on Tuesday after Britain scrapped parts of a controversial tax-cut plan, leading to an initial improvement in …

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Japan spent a record amount of nearly $20 billion on intervention to support the yen

The intervention drains approximately 15% of readily available funds Japan can avoid selling US Treasuries for now – Analysts Impact of further intervention may wane – analysts TOKYO (Reuters) – Japan spent as much as 2.8 trillion yen ($19.7 billion) on foreign exchange market intervention last week to prop up the yen, Finance Ministry data …

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Elon Musk prepares to showcase Tesla’s human-like robot after delay

Tesla’s (TSLA.O) CEO Elon Musk said the robot’s business will be more valuable than its cars, and potential investors, customers and workers expect to see a prototype at “Tesla AI Day” on Friday. This could prove if the robot called ‘Optimus’ is ready to go. The robot will be the star of the AI ​​show, …

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EXCLUSIVE: Brands post ads on Twitter next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets urging child pornography, the companies told Reuters. DIRECTV and Thoughtworks told Reuters late Wednesday that they have paused their ads on Twitter. …

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Wall Street fears it will continue with UK intervention to cool bonds

US stocks changed little after hitting new lows on Tuesday Global stocks battle some losses, while UK bonds rise The Bank of England says it will intervene in the bond market Oil prices are rising due to Hurricane Ian (Reuters) – U.S. and global stocks did little on Wednesday to recover from new lows, even …

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The dollar stopped breathing as the fragile pound rose

A woman holds British pound notes in this illustration taken on May 30, 2022. REUTERS/Dado Rovich/Illustration Register now to get free unlimited access to Reuters.com Register LONDON/SYDNEY (Reuters) – The dollar stalled on Tuesday in what was a relentless rally, with the pound, euro and Japanese yen recovering some of their gains from multi-year lows, …

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Wall Street’s eyes opened high, sterling rose as bears licked their wounds

Register now to get free unlimited access to Reuters.com Register The dollar is retreating from a 20-year high reached on Monday German 10-year bond yields are near 11-year highs Oil rises from nine-month lows on Monday LONDON (Reuters) – U.S. stock index futures pointed to an open rally on Wall Street and the pound rebounded …

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Exclusive: India’s push for home-made navigation has shaken smartphone giants

India wants a homegrown GPS competitor in smartphones; Industry concerns costs Smartphone players want to postpone the deadline in New Delhi to January 2023 Others say the Indian system needs resources to change hardware Strengthening local order is part of Modi’s campaign for self-reliance NEW DELHI (Reuters) – India is pushing tech giants to make …

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Exclusive: Italy and Intel choose Veneto as preferred region for new chip maker

The Intel logo appears in a temporary office during the 2022 World Economic Forum (WEF) in the Alpine resort of Davos, Switzerland, May 25, 2022. REUTERS/Arnd Wiegmann/File Photo Register now to get free unlimited access to Reuters.com Register Intel builds an advanced packaging and assembly position in Italy Draghi’s heir should have an opinion before …

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