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18 May

Sony readies for metaverse revolution with cross-platform push

Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses.

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18 May

ECB's Lagarde gives national central bank chiefs louder voice on policy

FRANKFURT (Reuters) -European Central Bank President Christine Lagarde has given national central bank chiefs a bigger say in policy meetings, asking her own board to speak less and set aside more time for debate, sources familiar with the process said.

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18 May

Fed's Evans wants smaller U.S. rate hikes by July or Sept

(Reuters) -Chicago Federal Reserve Bank President Charles Evans on Tuesday said he supports moving to a shallower rate-hike path by July or September to allow the Fed time to assess inflation and the job market as it pushes borrowing costs up to neutral, and likely beyond.

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18 May

Toyota taps wells to beat water supply disruption in central Japan

Toyota Motor Corp is using well water at its factories to avoid the impact of an industrial water supply disruption in central Japan, a spokesperson said on Wednesday.

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18 May

Japan's GDP shrinks as surging costs raise spectre of deeper downturn

TOKYO (Reuters) -Japan's economy shrank for the first time in two quarters in the first three months of the year as COVID-19 curbs hit the service sector and surging commodity prices created new pressures, raising concerns about a protracted downturn.

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18 May

Caterpillar eyes energy transition as growth driver for mining business

Construction equipment maker Caterpillar Inc believes demand for critical minerals as the clean energy transition gathers pace will translate to solid returns for its mining business, CEO Jim Umpleby said in an interview on Tuesday.

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18 May

Barclays bumps up stake in Australia's Barrenjoey Capital

Britain's Barclays Plc said on Wednesday it had nearly doubled its stake in Barrenjoey Capital Partners to help expand the Australia-based investment banking boutique's business.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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