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Dollar regains momentum as yen struggles May 7, 2024 09:17PM

By Rae Wee

SINGAPORE (Reuters) - The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept intervention risks from Tokyo high.

The offshore yuan further retreated from a more than three-month high hit last week, helped by hopes of further policy stimulus from Beijing to shore up its... (continue reading...)


US optimistic revised Hamas proposal may break Gaza ceasefire impasse May 7, 2024 09:16PM

By Nidal al-Mughrabi, Steve Holland and Mohammad Salem

CAIRO/WASHINGTON/RAFAH, Gaza Strip (Reuters) - The United States believes the remaining differences between Israel and Hamas can be bridged in negotiations over the Palestinian militant group's latest ceasefire proposal, as talks resume in Cairo on Wednesday.

Israeli forces on Tuesday seized the main border crossing between Gaza and Egypt in Rafah, the southern Gaza city where more... (continue reading...)


Republicans allege US Iran envoy sent classified material to personal email, phone May 7, 2024 09:10PM

WASHINGTON (Reuters) - Two Republican lawmakers said they believe the security clearance of Rob Malley, who is on unpaid leave from his post as U.S. special envoy for Iran, was suspended because he allegedly sent classified documents to his personal email account and downloaded them to his personal mobile phone.

Senator Jim Risch, the top Republican on the Senate Foreign Relations Committee, and House Foreign Affairs Committee Chairman Michael McCaul... (continue reading...)


Samsung Medison buys AI software firm Sonio SAS for $92 million May 7, 2024 09:09PM

SEOUL (Reuters) - South Korea's Samsung Medison said on Wednesday it is acquiring all of France's Sonio SAS, a fetal ultrasound artificial intelligence software company for about 126 billion won ($92.4 million).

Samsung Electronics owns 68.45% stake in Samsung Medison, a medical device company specialising in diagnostic imaging devices.

($1 = 1,363.6100 won)

(Reporting by Joyce Lee; Editing by Tom Hogue)


Tesla has proposed to launch robotaxis in China, Chinese state media reports May 7, 2024 09:05PM

BEIJING (Reuters) - Tesla has proposed to launch robotaxis in China, newspaper China Daily reported on Wednesday, citing unnamed sources.

According to the report, China may support Tesla's domestic testing and demonstration of robotaxis but has not approved the full implementation of Full Self-Driving (FSD) software in China.

Tesla did not immediately respond to a request for comment on the China Daily report.

FSD is the... (continue reading...)


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