TOKYO (Reuters) -Japan logged a record surplus of $36 billion from a special government account for foreign exchange reserves in the last fiscal year through March, thanks to solid returns on foreign assets which were amplified by a weaker yen.
The surplus from the special account, which manages foreign exchange reserves for currency market interventions, totalled 5.4 trillion yen ($36.18 billion), up 38% from the previous year, the Finance Ministry said... (continue reading...)
Seoul (Reuters) -Samsung Electronics said on Thursday that the South Korea-U.S. trade deal would reduce uncertainty.
The comments were made during its quarterly earnings conference call.
(Reporting by Hyunjoo Jin and Heekyong YangEditing by Ed Davies)
(Reuters) -ChatGPT-maker OpenAI roughly doubled its revenue in the first seven months of the year, reaching $12 billion in annualized revenue, the Information reported on Wednesday.
Reuters could not immediately confirm the report.
(Reporting by Gursimran Kaur in Bengaluru)
Seoul (Reuters) -Shares of South Korean automakers Hyundai Motor and Kia Corp fell on Thursday after U.S. President Donald Trump said the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a trade deal.
Hyundai Motor shares were down 2% and Kia Corp stock lost 3.3%.
The deal reduces U.S. tariffs on South Korean autos from 25% to 15%, the same rate as Japanese car imports.
Before Washington... (continue reading...)
(Reuters) -Nicaraguan authorities said on Wednesday they were investigating Bayardo Arce, a long-time ally and economic adviser to President Daniel Ortega, and who was also one of the Sandinista commanders that governed the Central American nation in the 1980s.
Arce had been the last of the Sandinista generals to back Ortega, who has increasingly been cracking down on dissidents and isolating from global diplomacy.
Nicaragua's attorney... (continue reading...)
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