Reuters

SHANGHAI (Reuters) - Currency markets are reading subtle signals from Chinese authorities as an indication they are slowly nudging the yuan lower to regain export competitiveness, but analysts say protracted yuan weakening is neither the intent nor desirable.

The biggest signal of tolerance for a weaker yuan has come via the People's Bank of China's (PBOC) daily reference rate, or fixing, around which the yuan is allowed to trade.

Having... (continue reading...)

PARIS (Reuters) -A man shot and wounded two police officers in Paris after he got hold of one of the officer's weapons while he was being held at a police station, AFP and BFM TV reported on Thursday.

The incident occurred on Thursday evening at a police station in Paris' 13th district. The two wounded police officers have been taken to hospital, the French media reports said.

The suspect had initially been arrested and taken to the police... (continue reading...)

(Reuters) - Target is planning to cut LGBTQ-themed merchandise from some of its stores during Pride Month this June, Bloomberg News reported on Thursday, after a backlash hit sales of the retailer last year.

Target plans to offer the full assortment of the merchandise online but is examining store-level data to decide which physical locations will carry the products, the report said, citing people familiar with the matter.

The company did... (continue reading...)

By Anna Tong

(Reuters) - OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google.

The announcement date, though subject to change, has not been previously reported. Bloomberg and the Information have reported that Microsoft-backed OpenAI is working on a search product to potentially compete with... (continue reading...)

By Jamie McGeever

(Reuters) - A look at the day ahead in Asian markets.

Asian markets are poised to round off the week on a positive note on Friday, supported by gains on Wall Street, a weaker dollar and falling Treasury yields the day before. 

But momentum looks sluggish, and if anything, investors in Asia are more likely to end the week with a limp over the finishing line rather than a burst of bullish optimism.