Reuters

SEOUL (Reuters) - Samsung Electronics reported on Tuesday a more than 10-fold rise in its first-quarter operating profit, as memory chip prices rose steeply from a severe downturn thanks in part to a boom in artificial intelligence.

The world's biggest maker of memory chips and TVs said operating profit rose to 6.6 trillion won ($4.8 billion) in January-March, up from 640 billion won a year earlier.

That was in line with Samsung's own... (continue reading...)

TOKYO (Reuters) - Japan's jobless rate in March was unchanged at 2.6% compared to February, government data showed on Tuesday.

The seasonally adjusted unemployment rate compared with economists' median forecast of 2.5%.

The jobs-to-applicants ratio rose to 1.28 in March from 1.26 in February, separate labour ministry data showed. The median forecast was for 1.26.

(Reporting by Kentaro Sugiyama; Writing by... (continue reading...)

By David Shepardson

WASHINGTON (Reuters) - Nearly all new passenger cars and trucks sold in the United States will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday, saying that the rule will save at least 360 lives annually and prevent at least 24,000 injuries.

The new rule comes as traffic deaths have spiked following the COVID-19... (continue reading...)

TOKYO (Reuters) -Japan's top currency diplomat Masato Kanda said on Tuesday that authorities were ready to deal with foreign exchange matters "24 hours", while declining again to comment on whether the finance ministry had intervened to prop up the yen a day earlier.

"Whether it's London, New York or Wellington (hours), it doesn't make a difference," the vice finance minister for international affairs told reporters a day after the dollar tumbled to a low... (continue reading...)

SEOUL (Reuters) - South Korea's factory output fell in March by the most in 15 months, government data showed on Tuesday, missing market expectations.

The industrial production index fell 3.2% from a month earlier on a seasonally adjusted basis, after a gain of 2.9% in February and compared with a rise of 0.6% tipped in a Reuters survey of economists.

It was the fastest monthly fall since December 2022 and caused by declines in metal... (continue reading...)