DIRS.INFO The most relevant business & tech news

☆ As global rates turn, banks in India and Indonesia set to win
▼ + stars: | 2023-11-29 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Loan growth at Asian banks is estimated to rise from 4.5% this year to 10% next year, LSEG data shows, with banks in India and Indonesia leading with 15% and 11% growth, respectively. Ng likes banks in India and Indonesia, given the better economic growth in those economies and ability of banks to sustain margins. LSEG data shows profits at banks in India and Indonesia will grow 13% and 11% respectively next year, nearly double the 6% average rise across Asia-Pacific banks. That compares to price-to-book ratio for MSCI's index for all-country Asian banks (.dMIAS0CB00PUS) of 0.9. Banks in Australia are estimated to see a drop of 5% in profit in 2024 while profits at Singapore banks will be flat.

Persons: Frederic Neumann, Neumann, Morgan, Yao Ng, abrdn, Ng, Vinay Agarwal, Agarwal, Morgan Stanley, Ankur Banerjee, Gaurav Dogra, Patturaja, Vidya Ranganathan, Simon Cameron, Moore Organizations: U.S . Federal, Fed, HSBC, ICICI, Kotak Mahindra Bank, Axis Bank, FSSA Investment Management, Indonesia's Bank Central Asia, BCA, Reuters, Thomson Locations: SINGAPORE, India, Indonesia, Thailand, Asia, Japan, J.P, Pacific, Singapore, Hong Kong, South Korea, Banks, Australia, China, Bengaluru

☆ Japan's Nomura to cut risk assets, costs for wholesale business
▼ + stars: | 2023-11-29 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

The logo of Nomura Securities is seen at the company's Head Office in Tokyo, Japan, November 28, 2016. The fixed income trading business is expected to improve as the outlook for global interest rates becomes clearer, but "we won't just wait for a market recovery," he added. A bright spot for Nomura is the domestic business, as the Japanese stock market is trading at highest levels in three decades. Nomura's Japan business revenue for the April-September first half of the current fiscal year grew 31% from the same period a year before. The Japan market recovery "is providing the greatest business chance for us with the strong Japanese franchise and global investor base," he said.

Persons: Toru Hanai, Kentaro, Kentaro Okuda, Okuda, Nomura, Makiko Yamazaki, Simon Cameron, Moore, Kim Coghill Organizations: Nomura Securities, REUTERS, Rights, Nomura Holdings, Nomura, Thomson Locations: Tokyo, Japan

The New Zealand dollar was last up 1.1% at a four-month high of $0.6207, having blown past resistance. The U.S. dollar, meanwhile, slid to fresh multi-month lows on the euro, yen, sterling, the Australian dollar, yuan and Swiss franc. Overnight Fed Governor Christopher Waller - an influential and previously hawkish voice at the U.S. central bank - told the American Enterprise Institute that rate cuts could begin in a matter of months, provided inflation keeps falling. Fed funds futures rallied on the remark to price more than hundred basis points of cuts in 2024 and 40% chance they begin as soon as March. Two-year Treasury yields fell sharply and along with the dollar fell further still in Asia.

Persons: Christopher Waller, Governor Waller's, Tapas Strickland, Jerome Powell, Waller, CONDITIONALITY Waller's, Seng, Vishnu Varathan, Simon Cameron, Moore Organizations: New Zealand, Nikkei, U.S ., Swiss, U.S, American Enterprise Institute, Governor, National Australia Bank, Fed, HK, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Hong Kong, Sydney, China, Meituan, Zealand, Singapore

☆ BoE leads central bank chorus on need for restrictive policy
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Deputy Governor for Markets and Banking of the Bank of England Dave Ramsden attends a press conference concerning interest rates, at the Bank of England, in London, Britain, November 2, 2023. Speaking at a central bank conference in Hong Kong, Bank of England (BoE) Deputy Governor Dave Ramsden also said he saw no financial stability grounds to lower interest rates, which are currently up at 5.25%. “We think that monetary policy is likely to need to be restrictive for an extended period of time," he said. Even with all that tightening, Ramsden said inflation was not expected to return to 2% until the end of 2025. Markets have started to position for the first rate cut, with a move seen as soon as April or June.

Persons: Bank of England Dave Ramsden, HENRY NICHOLLS, BoE, Dave Ramsden, Ramsden, Michele Bullock, Bullock, Pablo Hernández de Cos, Cos, Wayne Cole, Selena Li, Xie Yu, Jamie Freed, Simon Cameron, Moore Organizations: Markets, Banking, Bank of England, Reserve Bank of Australia, Bank of Spain, European Central Bank, ECB, Thomson Locations: London, Britain, HONG KONG, Australia, Spain, Hong Kong

☆ Argentina's Milei to meet Biden aide after lunch with Bill Clinton
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 27 (Reuters) - Argentina's President-elect Javier Milei will meet with a top security aide to U.S. President Joe Biden in Washington, the White House confirmed on Monday, after the far-right libertarian lunched with former U.S. President Bill Clinton in New York. Upon arriving in the United States, Milei first visited the tomb of a well-known orthodox Jewish rabbi before having lunch with Clinton, according to a statement from the president-elect's office. On Tuesday, Milei will meet with U.S. National Security Adviser Jake Sullivan, while his economic advisers are scheduled to meet with senior U.S. finance officials to discuss the president-elect's economic priorities. Argentina is the IMF's largest debtor nation as it struggles to tame inflation approaching 150%. Milei will take office on Dec. 10 at a time when over two-fifths of Argentina's population is in poverty and a recession looms for South America's second-largest economy.

Persons: Javier Milei, Joe Biden, Bill Clinton, Milei, Luis Caputo, Karina Milei, Clinton, Jake Sullivan, Donald Trump, Jarrett Renshaw, David Lawder, Jorge Otoala, Brendan O'Boyle, David Alire Garcia, Simon Cameron, Moore Organizations: White House, U.S, Democrat, Argentine, U.S . National, International Monetary Fund, Reuters, Thomson Locations: Washington, New York, Milei, New Jersey, United States, Argentina, Buenos Aires

☆ Alibaba Cloud suffers second service outage in a month
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBEIJING, Nov 28 (Reuters) - Alibaba's (9988.HK) cloud service said it suffered a near two-hour long disruption affecting customers in mainland China, Hong Kong and the United States on Monday, its second outage within a month. The impact was mainly felt by several of Alibaba Cloud's database management products, including PostgreSQL, Redis and MySQL editions. "From 09:16 Beijing time (0116 GMT) on November 27, 2023, Alibaba Cloud monitoring detected abnormalities in console and OpenAPI access for database products," Alibaba Cloud said in a statement posted on its websites on Tuesday. "This is hugely damaging to Alibaba Cloud's brand image as a reliable cloud service provider."

Persons: Dado, Alibaba, Feng Ruohang, Yelin Mo, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei, China Telecom, HK, IDC, Thomson Locations: Rights BEIJING, HK, China, Hong Kong, United States, Beijing, Shanghai, Virginia, U.S, East Asia, Southeast Asia, East, North America

Vietnam's Prime Minister Pham Minh Chinh attends the retreat session of the 43rd Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, September 5, 2023. The document, known as Resource Mobilisation Plan, has to be agreed with investors ahead of the UN Climate Change Conference (COP28) which begins on Thursday in Dubai. Vietnam's Prime Minister Pham Minh Chinh will attend the COP28 from Nov 30 to Dec 3, the government portal said, raising expectations that the plan could be announced there. A second foreign official said there was no major issue pending, and approval of the final version "is very nearly there." There is no certainty that Vietnam would actually take the loans on offer, and the communist government has been reluctant to take foreign loans in the past.

Persons: Pham Minh Chinh, Mast, Francesco Guarascio @fraguarascio, Khanh Vu, Simon Cameron, Moore Organizations: Vietnam's, 43rd Association of Southeast Asian Nations, ASEAN, Rights, Change, Reuters, of, Thomson Locations: Jakarta, Indonesia, Rights HANOI, Vietnam, Dubai, Hanoi

☆ Afghan embassy in India shuts down citing lack of support, Taliban pressure
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

People are seen outside the Afghanistan embassy in New Delhi, India, September 29, 2023. An embassy statement posted on X, formerly known as Twitter, on Friday said that period in limbo was over, and the embassy was shutting and the keys had been given to the host government. "Given the constant pressure from both the Taliban and the Indian government to relinquish control, the embassy faced a difficult choice," the statement added. Afghan diplomats in India appointed by Ghani's government have reached third countries and there are none remaining in India, the embassy statement said. "The only individuals present in India are diplomats affiliated with the Taliban, visibly attending their regular online meetings," the statement said.

Persons: Anushree, Farid Mamundzay, Mamundzay, Shivam Patel, Simon Cameron, Moore Organizations: REUTERS, Taliban, Thomson Locations: Afghanistan, New Delhi, India, DELHI, Europe, U.S, Mumbai

[1/5] Israeli tanks operate in Gaza City, amid the ongoing ground operation of the Israeli army against Palestinian Islamist group Hamas, in the Gaza Strip, November 22, 2023. The starting time of the truce and release of hostages captured by Hamas during its Oct. 7 attack on Israel has yet to be officially announced. Israel's Ynet news website reported that Israel had not yet received the names of the hostages slated for release by Hamas. Israel says 1,200 people were killed, mostly civilians and about 240 hostages of different nationalities taken hostage by Islamist gunmen. In retaliation, Israel has subjected Hamas-ruled Gaza to a siege and relentless bombardment.

Persons: Ronen, Tzachi Hanegbi, Kan, Benjamin Netanyahu's, Israel, Khan Younis, Netanyahu, Gilad Korngold, Seven, John Kirby, Catherine Russell, Russell, Grant McCool, Raju Gopalakrishnan, Cynthia Osterman, Simon Cameron, Moore Organizations: Palestinian, Hamas, REUTERS, Palestinian Hamas, National Security, Qatar, White House, United Nations, UNICEF, . Security, Reuters, Thomson Locations: Gaza City, Gaza, Israel, Gaza GAZA, JERUSALEM, Palestinian, Khan, U.S, Israel ., Qatar

☆ Biden, first lady to attend Georgia service for Rosalynn Carter
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Busts of Rosalynn and Jimmy Carter are displayed in the entryway of the Jimmy Carter National Historic Center after the death at age 96 of former U.S. first lady Rosalynn Carter, wife of former U.S. President Jimmy Carter, in Plains, Georgia, U.S., November 20, 2023. REUTERS/Elijah Nouvelage Acquire Licensing RightsNov 22 (Reuters) - U.S. President Joe Biden and the first lady, Jill Biden, will attend a service for former first lady Rosalynn Carter in Georgia on Tuesday, the White House said. Carter died earlier this week shortly after she entered hospice care at home in Plains, Georgia, alongside her husband, former President Jimmy Carter. Carter will lie in repose in the lobby of the Jimmy Carter Presidential Library and Museum in Atlanta on Monday, giving members of the public an opportunity to view the casket and pay their respects. President Biden has ordered that U.S. flags be flown at half-staff until Carter is interred.

Persons: Jimmy Carter, Rosalynn Carter, Elijah Nouvelage, Joe Biden, Jill Biden, Carter, Biden, Dan Whitcomb, Simon Cameron, Moore Organizations: Historic Center, U.S, REUTERS, Glen Memorial, Emory University, Jimmy Carter Presidential Library and Museum, Maranatha Baptist Church, Thomson Locations: Plains , Georgia, U.S, Georgia, Atlanta, Plains, Plains .

OPEC and the IEA expect China's oil demand to show growth in 2023 of 7.6% and 12.1%, respectively. OPEC has dismissed fears of that demand growth for oil in China is fading, describing negative sentiment as "overblown" in a recent report. OPEC's forecasts show China accounting for 24.6% of global oil demand growth in the first half of 2024, according to Reuters calculations. Consultancies Wood Mackenzie, Rystad Energy and Energy Aspects respectively forecast China's first-half 2024 oil demand to grow by 3.7%, 4.0% and 4.4% versus the same period in 2023. Energy Aspects expects first-half diesel demand to be flat from a year earlier.

Persons: Aly, Consultancies Wood Mackenzie, Rystad, Lin Ye, Xia, Andrew Hayley, Simon Cameron, Moore Organizations: REUTERS, Rights, of Petroleum, International Energy Agency, OPEC, Rystad Energy, JET, Reuters Graphics Reuters, National Bureau of Statistics, Thomson Locations: Zhuhai, China, Rights BEIJING, OPEC, Russia, Beijing

☆ South Korea court orders Japan to compensate 'comfort women', reverses earlier ruling
▼ + stars: | 2023-11-23 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

REUTERS/Jason Reed/File Photo Acquire Licensing RightsSEOUL, Nov 23 (Reuters) - A South Korean appellate court on Thursday ordered Japan to compensate a group of 16 women who were forced to work in Japanese wartime brothels, overturning a lower court ruling that dismissed the case and prompting a stern protest from Tokyo. In response to the court's decision, Japanese vice minister for foreign affairs Masataka Okano summoned South Korean ambassador Yun Dukmin to lodge a "strong protest". The Seoul High Court, however, reversed the lower court's decision, recognising the jurisdiction of South Korean courts over the Japanese government as a defendant. In a statement, Japanese Foreign Minister Yoko Kamikawa said the judgment went against international law and agreements between the two countries, calling it "extremely regrettable and absolutely unacceptable." South Korea's foreign ministry said it was looking into details of the latest ruling, without elaborating.

Persons: Jason Reed, Yoon Suk Yeol, Fumio Kishida, Masataka Okano, Yun Dukmin, Yoko Kamikawa, Lee Yong, I'm, 1,294.3500, Hyonhee Shin, Chang, Ran Kim, Makiko Yamazaki, Ed Davies, Simon Cameron, Moore, Sharon Singleton Organizations: REUTERS, Rights, South, Seoul Central, Court, Seoul High Court, Thomson Locations: Sydney, Australia, Korea, Rights SEOUL, Japan, Tokyo, South Korean, Seoul, South, Republic of Korea

It said the agreement, mediated by Qatar and Egypt, will allow hundreds of humanitarian, medical and fuel aid trucks to enter Gaza. "As we announce the striking of a truce agreement, we affirm that our fingers remain on the trigger, and our victorious fighters will remain on the lookout to defend our people and defeat the occupation," Hamas said. Israel, in a separate statement confirming the deal, said the pause in fighting would be extended for another day for every additional 10 hostages released. Tonight, it approved the proposed deal as a first stage to achieving this goal," Israel's prime minister's office said. Al-Khulaifi added that Qatar hopes the deal "will be a seed to a bigger agreement and a permanent cease of fire.

Persons: Foreign Ministry Mohammed Al, Khulaifi, Enas Alashray, Ahmed Tolba, Andrew Mills, Rami Ayyub, Jacqueline Wong, Simon Cameron, Moore, Michael Georgy Organizations: State, Foreign Ministry, Reuters, International Committee, ICRC, Thomson Locations: CAIRO, DOHA, Israel, Gaza, Qatar, Egypt, Qatari, Cairo, Washington

☆ Hamas Says Israel Truce Will Bring in Aid, Free Prisoners
▼ + stars: | 2023-11-21 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

Persons: Enas Alashray, Ahmed Tolba, Andrew Mills, Foreign Ministry Mohammed Al, Khulaifi, Rami Ayyub, Jacqueline Wong, Simon Cameron, Moore, Michael Georgy Organizations: Reuters, State, Foreign Ministry, International Committee, ICRC Locations: Andrew Mills CAIRO, DOHA, Israel, Gaza, Qatar, Egypt, Qatari, Cairo, Washington

☆ Exclusive: China's state banks seen swapping and selling dollars for yuan
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Nov 21 (Reuters) - China's major state-owned banks were seen exchanging yuan for U.S. dollars in the onshore swap market and selling those dollars in spot currency markets this week, two sources told Reuters on Tuesday. Some market participants said state banks might be trying to speed the yuan's gains and spur exporters to convert more of their FX receipts into yuan. The selling of dollars by state banks caused the onshore spot yuan to briefly touch 7.1296 per dollar, firmer than its daily official guidance for the first time in four months. To me, it looks like they are doing preparatory work ahead of a policy rate cut," said Kiyong Seong, lead Asia macro strategist at Societe Generale.

Persons: Yuan, Dado Ruvic, Kiyong Seong, Zhi Xiaojia, Zhi, Simon Cameron, Moore, Clarence Fernandez Organizations: REUTERS, Rights, Reuters, Federal, People's Bank of China, Societe Generale, Credit Agricole, Shanghai, Thomson Locations: Asia, China, United States

☆ Rival Koreas race to launch first spy satellites this month
▼ + stars: | 2023-11-21 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

A still photograph shows what appears to be North Korea's new Chollima-1 rocket being launched in Cholsan County, North Korea, May 31, 2023 in this image released by North Korea's Korean Central News Agency and taken from video. KCNA via REUTERS/File photo Acquire Licensing RightsSEOUL, Nov 21 (Reuters) - Both South and North Korea aim to launch their first spy satellites into orbit by the end of the month, entering a race for military capabilities in space. North Korea has notified Japan it plans to launch a satellite between Wednesday and Dec. 1, after two failed attempts to launch spy satellites earlier this year. Seoul plans to use SpaceX to launch four more spy satellites by 2025, and has test launched its own liquid and solid fuel rockets to launch more civilian and military satellites in the future. South Korea's capabilities are more advanced, but it still has to make more progress to see results, Chun said.

Persons: Vladimir Putin, Kim Jong, Kim Hyun, chong, Chun, Panda, Josh Smith, Simon Cameron, Moore Organizations: North, Korean Central News Agency, REUTERS, Rights, SpaceX, California’s Vandenberg Air Force Base, Carnegie Endowment, International, North Korea's National Aerospace Development Administration, South Korean, United Nations, Thomson Locations: Cholsan County, North Korea, Rights SEOUL, Japan, South Korea, Seoul, Korea, South, U.S, Pyongyang, United States, Washington

☆ Israel-Hamas war: Four-day truce agreed, 50 hostages to go free
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +7 min

Hamas and allied groups captured around 240 hostages when Islamist gunmen rampaged through southern Israeli towns on Oct. 7. Beyond that, the truce could be extended day by day as long as an additional 10 hostages were freed per day. Hamas said the initial 50 hostages would be released in exchange for 150 Palestinian women and children imprisoned in Israel. The truce deal is a first small step towards peace in the most violent ruction of the 75-year-old Palestinian-Israeli conflict. To destroy Hamas, return all our hostages and ensure that no entity in Gaza can threaten Israel," Netanyahu said in a recorded message.

Persons: Guterres, Israel, Benjamin Netanyahu's, Foreign Ministry Mohammed Al, Alexander Ermochenko, Mona, Joe Biden, Prince Faisal bin Farhan Al Saud, Antonio Guterres, Netanyahu, James Mackenzie, Dan Williams, Emily Rose, Henriette Chacar, Andrew Mills, Steve Holland, Jonathan Landay, Ahmed Mohamed Hassan, Lincoln, Raju Gopalakrishnan, Peter Graff, Mark Heinrich, Cynthia Osterman, Stephen Coates, Simon Cameron, Moore, Nick Macfie Organizations: Hamas, Israeli, State, Foreign Ministry, Reuters, REUTERS, Palestinian Authority, West Bank, Israel’s Defence Ministry, Saudi Foreign, Thomson Locations: GAZA, JERUSALEM, Israel, Gaza, Qatar, Israel ., Jabalia, U.S, Jerusalem, Doha, Washington, Cairo

BEIJING, Nov 20 (Reuters) - Arab and Muslim ministers called on Monday for an immediate ceasefire in Gaza, as their delegation visited Beijing on the first leg of a tour to push for an end to hostilities and to allow humanitarian aid into the devastated Palestinian enclave. Saudi Arabia has sought to press the United States and Israel for an end to hostilities in Gaza, and Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, gathered Arab and Muslim leaders to reinforce that message. Gaza's Hamas-run government said at least 13,000 Palestinians have been killed in Israeli bombardments since then, including at least 5,500 children. 'BROTHER AND FRIEND'China's Wang said Beijing was a "good friend and brother of Arab and Muslim countries," adding it has "always firmly supported the just cause of the Palestinian people to restore their legitimate national rights and interests." Reporting by Yew Lun Tian, Laurie Chen and Beijing newsroom; Editing by Edmund Klamann & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Wang Yi, Prince Faisal bin Farhan Al Saud, Israel, Prince Mohammed bin Salman, Sameh Shoukry, Beijing Irit Ben, Abba, China's Wang, COVID lockdowns, Xi, Wang, Zhai Jun, Yew Lun Tian, Laurie Chen, Edmund Klamann, Simon Cameron, Moore Organizations: . Security, of Islamic Cooperation, Saudi Foreign, Court, Hamas, Western, Palestinian Authority, West Bank, Arab League, EU, Palestine, United Nations, Thomson Locations: BEIJING, Gaza, Beijing, Saudi Arabia, Jordan, Egypt, Indonesia, Palestine, Riyadh, Palestinian, United States, Israel, China, China's

TOKYO, Nov 20 (Reuters) - Shares of Japan's Panasonic Holdings (6752.T) have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit's potential listing raised broader restructuring hopes. Over the last decade, Hitachi's shares have more than trebled, when taking into account dividends, compared to a 87% return by Panasonic. Investors reacted positively to the potential sale of the stake in the automotive unit, which makes cockpit and electronics systems. With its plan, Panasonic likely starts a journey to make itself into a company with a higher return on equity, they said. Panasonic's automotive unit is separate from its energy unit that makes batteries for electric vehicles, including those from Tesla (TSLA.O).

Persons: Damian Thong, Thong, Jefferies, Hitachi's, Ulrike Schaede, Daniel Leussink, Simon Cameron, Moore Organizations: Japan's Panasonic Holdings, Apollo Global Management, Panasonic, Hitachi, Macquarie, Investors, University of California San, Thomson Locations: TOKYO, Tokyo, Singapore, University of California San Diego

☆ Japan's TeamLab Readies Renewed Digital Museum in Tokyo Mega Complex
▼ + stars: | 2023-11-19 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

The name refers to digital art pieces that blend into each other and encourage guests to wander at their own pace. It is due to reopen in February in Mori's new Azabudai Hills complex in central Tokyo. The relocation is part of Mori's strategy of placing cultural attractions in integrated business and residential projects. teamLab has developed a global reputation for its experimental and interactive set pieces that meld images and senses. Previous projects in Tokyo featured digital art mixed with a sauna experience and a laser light show enhanced performance of Giacomo Puccini's opera "Turandot."

Persons: Rocky Swift TOKYO, Toshiyuki Inoko, Mori, Giacomo Puccini's, Inoko, Rocky Swift, Simon Cameron, Moore Locations: Tokyo Bay, Mori's, Tokyo

[1/5] A member of the teamLab digital art group poses in an installation in preparation for the reopening of their Borderless museum in February at the Azabudai Hills complex in Tokyo, Japan November 17, 2023. The name refers to digital art pieces that blend into each other and encourage guests to wander at their own pace. The relocation is part of Mori's strategy of placing cultural attractions in integrated business and residential projects. teamLab has developed a global reputation for its experimental and interactive set pieces that meld images and senses. Previous projects in Tokyo featured digital art mixed with a sauna experience and a laser light show enhanced performance of Giacomo Puccini's opera "Turandot."

Persons: Kim Kyung, Toshiyuki Inoko, Mori, Giacomo Puccini's, Inoko, Rocky Swift, Simon Cameron, Moore Organizations: REUTERS, Rights, Thomson Locations: Tokyo, Japan, Tokyo Bay, Mori's

☆ Too nice? That's the New Zealand way, says Mitchell
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Former Australia all-rounder Simon O'Donnell slammed the Black Caps for their lack of competitive instinct but Mitchell, who scored a 119-ball 134 in New Zealand's response, said the approach would not change. "I think that's something we really pride ourselves on as Black Caps and as New Zealanders. "It's something that we're really proud of, so we'll just keep being Black Caps and doing what we're doing." New Zealand next travel to Bangladesh for a two-test series starting on Nov. 28 and Mitchell said the disappointment of their semi-final exit at the World Cup would not have any impact on their performance. "(After) the T20 World Cup final we played a couple of years ago, we had a T20 in India about 48 hours after that so we're used to it.

Persons: Daryl Mitchell, India's Virat Kohli, Kohli, Simon O'Donnell, Mitchell, we're, We'll, Nick Mulvenney, Simon Cameron, Moore Organizations: Black Caps, Former, Caps, Black, Mumbai, Thomson Locations: MUMBAI, New, Former Australia, New Zealanders, Zealand, Bangladesh, India, Sydney

☆ Colombia fight back to shock Brazil, Uruguay beat Messi's Argentina
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

Nov 17 (Reuters) - Brazil lost their second consecutive World Cup qualifier match as Colombia fought back to win 2-1 against the five-times champions, who dropped to fifth place in the South American standings on Thursday. Brazil started well and dominated early proceedings, taking the lead in the fourth minute through a strike by Gabriel Martinelli, assisted by Vinicius Jr.'s fine first touch pass. Diaz burst into tears as he dedicated the win to his father who was celebrating emotionally in the stands. Goals in each half from Ronald Araujo and Darwin Nunez gave Uruguay victory over Lionel Messi's Argentina in a nervy affair at the World Cup champions' Bombonera stadium in Buenos Aires. The visitors were the better side from start to finish and the win put them second in the standings on 10 points, two behind Argentina.

Persons: Luis Diaz, Gabriel Martinelli, Vinicius Jr, Alisson, Diaz, Ronald Araujo, Darwin Nunez, Lionel Messi's, Araujo, Emiliano Martinezm, Nunez, mightily, Messi, TyC, Fernando Kallas, Michael Perry, Simon Cameron, Moore Organizations: Liverpool, Real Madrid, Metropolitano, Argentina, URUGUAY OUTCLASS WORLD, BUENOS AIRES, South America, Uruguay, World, TyC Sports, Thomson Locations: Brazil, Colombia, Barranquilla, Rio de Janeiro, URUGUAY, BUENOS, BUENOS AIRES Argentina, Uruguay, Lionel Messi's Argentina, Buenos Aires, Venezuela, Ecuador

☆ Sapeon, backed by South Korea's SK Group, launches new AI chip
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSEOUL, Nov 16 (Reuters) - Sapeon, an artificial intelligence (AI) chip startup backed by South Korea's telecom-to-chip conglomerate SK Group, has launched its latest chip for data centres, the company said on Thursday, joining the global race to develop AI chips with bigger rivals like Nvidia (NVDA.O). The new Sapeon X330 chip "represents roughly twice the computational performance and 1.3 times better power efficiency" than competitors' products launched this year, the company said in a statement, without elaborating further on the competitors. Sapeon designs AI semiconductors for data centres, which require huge amounts of data processing. The X330 chip is manufactured by TSMC (2330.TW), the world's largest contract chipmaker, Sapeon said. SK Telecom (017670.KS), South Korea's top telco company, is Sapeon's parent.

Persons: Dado Ruvic, Sapeon, Simon Cameron, Moore Organizations: REUTERS, Rights, SK Group, Nvidia, TSMC, SK Telecom, telco, SK Hynix, Thomson Locations: Rights SEOUL, South

☆ Thais to be among hostages freed by Hamas if Gaza truce agreed, Thai-Muslim politicians say
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

BANGKOK, Nov 16 (Reuters) - Thai-Muslim politicians said on Thursday they had received assurances from the Palestinian group Hamas that all the Thai hostages being held would be among those released if mediators succeed in brokering a truce in Gaza. The Islamist militants took some 240 people hostage on Oct.7, when they rampaged through southern Israel killing 1,200 people, according to Israel. Thailand's Foreign Ministry says 25 Thais were among those abducted and 39 were among those killed that day. "Any ceasefire either 3 days or 5 days ... Hamas will release hostages, including all Thais being held, which they promised," Lepong Syed, the president of the Thai-Iran alumni association, told reporters in Bangkok's parliament building. Lepong is part of a team formed by Thai-Muslim politicians, headed by House Speaker, Wan Muhamad Noor Matha, that has been in contact with the Hamas since October.

Persons: Thais, Lepong Syed, Wan, Chayut Setboonsarng, Panarat Thepgumpanat, Simon Cameron, Moore Organizations: Hamas, Thailand's, Ministry, House Speaker, Reuters, Thomson Locations: BANGKOK, Gaza, Israel, Thai, Iran

Search resuls for: "Simon Cameron"

25 mentions found