HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at 5.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady.
The U.S. Federal Reserve held interest rates steady on Wednesday and signalled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could delay the... (continue reading...)
(Reuters) - A collapse of an expressway section in China's Guangdong province caused vehicles to plunge and killed 36 people while injuring another 30, state media reported on Thursday, as millions in the country travel for the May Day holiday break.
The collapse, triggered by heavy rain, occurred at around 2:10 a.m. on Wednesday on the Meizhou-Dabu Expressway, Xinhua news agency reported, adding that the collapsed section was 17.9 meters in length... (continue reading...)
ICHEON, South Korea (Reuters) - South Korea's SK Hynix said on Thursday its high-bandwidth memory (HBM) chips used in AI chipsets are almost sold out for 2025, after their 2024 chips were fully booked.
Chief Executive Officer Kwak Noh-Jung said the Nvidia supplier and the world's second-largest memory chipmaker will begin sending samples of the latest version of HBM chips, called 12-layer HBM3E, in May and begin mass producing them in the... (continue reading...)
By Ben Blanchard
TAIPEI (Reuters) - It will be hard for Taiwan to attend this year's World Health Organization annual assembly, and it hopes more countries will support its presence, the island's foreign minister said on Thursday after the United States pressed for an invite.
Taiwan is excluded from most international organisations because of objections by China, which considers the democratically governed island its own territory.
... (continue reading...)By Makiko Yamazaki and Takaya Yamaguchi
TOKYO (Reuters) - Japanese authorities likely intervened in the currency market to signal they see 160 yen to the dollar as their line in the sand, Columbia University academic and former finance ministry executive Takatoshi Ito told Reuters on Thursday.
"Intervention is effective if conducted in a timely manner," said Ito, who is an associate of former Bank of Japan Governor Haruhiko Kuroda and... (continue reading...)
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