Finance

Foreigners snap up Asian bonds in August after two-month hiatus

Foreigners snap up Asian bonds in August after two-month hiatus

(Reuters) -Asian bonds attracted their first monthly foreign inflow in three months in August, as expectations of U.S. Federal Reserve rate cuts to support a cooling labour market boosted demand ...

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Federal Reserve cuts key interest rate for the first time this year

Federal Reserve cuts key interest rate for the first time this year

The Federal Reserve cut its key interest rate by a quarter-point on Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation...

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Australia’s Regulator Eases Rules on Stablecoin Intermediaries

Australia’s Regulator Eases Rules on Stablecoin Intermediaries

The Australian Securities and Investments Commission has granted regulatory relief to stablecoin intermediaries, exempting them from holding separate financial services licences when distributing...

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Roche to acquire liver drug developer 89bio for up to $3.5 billion

Roche to acquire liver drug developer 89bio for up to $3.5 billion

FRANKFURT (Reuters) -Roche said on Thursday it agreed to acquire U.S. biotech firm 89bio In a statement, the Swiss drugmaker said the deal was worth about $2.4 billion, or up to $3.5 billion when...

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Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead

Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead

The new SuperPod technology can support linking as many as 15,488 graphic cards containing Huawei’s Ascend-branded artificial intelligence chips. Photographer: Long Wei/ Feature China/Future P...

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Analysis-Fed’s rate cut comes with caveats, leaving investors lukewarm

Analysis-Fed’s rate cut comes with caveats, leaving investors lukewarm

By Davide Barbuscia and Suzanne McGee NEW YORK (Reuters) -Investors look set to face a volatile few months ahead after the Federal Reserve resumed interest rate cuts and opened the door to furthe...

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