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☆ Elon Musk demands to see a 'list of violations' after the EU called him out over the rapid spread of Israel-Gaza disinformation on X
▼ + stars: | 2023-10-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Elon Musk has demanded the EU provide a "list of violations" concerning disinformation on X. The international body told Musk to tackle the problem or face penalties. AdvertisementAdvertisementElon Musk has demanded to see a "list of violations" after the European Union told him to tackle disinformation about the Israel-Gaza conflict, which has been rapidly spreading on X. In a post on X, Musk replied to Breton's letter, saying: "Our policy is that everything is open source and transparent, an approach that I know the EU supports. The company's CEO, Linda Yaccarino, pulled out of two speaking arrangements, citing the developing conflict and a need to "remain fully focused on X platform safety."

Persons: Elon Musk, —, Thierry Breton, Breton, Musk, Linda Yaccarino, Sander van der Linden Organizations: EU, Service, European Union, Hamas, University of Cambridge Locations: Israel, Gaza, Algerian

☆ EU's Breton gives Meta's Zuckerberg 24 hours to detail disinformation response
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

EU flag and Meta logo are seen in this illustration taken, May 22, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Oct 11 (Reuters) - The EU's industry chief Thierry Breton on Wednesday gave Meta Platforms (META.O) 24 hours to inform him of measures taken to counter the spread of disinformation on its platforms following Palestinian Islamist group Hamas' surprise attack on Israel. "I would ask you to be very vigilant to ensure strict compliance with the DSA rules on terms of service, on the requirement of timely, diligent and objective action following notices of illegal content in the EU, and on the need for proportionate and effective mitigation measures," Breton told Meta CEO Mark Zuckerberg in a letter. The Digital Services Act (DSA) forces very large online platforms to remove illegal online content on their platforms. Reporting by Foo Yun Chee; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Thierry Breton, Breton, Mark Zuckerberg, Foo Yun Chee, Kirsten Donovan Organizations: REUTERS, Rights, Wednesday, DSA, EU, Digital Services, Thomson Locations: Rights BRUSSELS, Israel

But the Israel-Hamas war has underscored how the platform now transformed into X has become not only unreliable but is actively promoting falsehoods. “People are desperate for information and social media context may actively interfere with people’s ability to distinguish fact from fiction,” said Gordon Pennycook, an associate professor of psychology at Cornell University who studies misinformation. But unlike X, TikTok has never been known as the No. Meanwhile, in Europe, major social media platforms are facing stricter scrutiny over the war. “Our policy is that everything is open source and transparent, an approach that I know the EU supports,” Musk wrote on X.

Persons: Ian Bremmer, “, algorithmically, ”, Gordon Pennycook, TikTok, Kolina Koltai, Koltai, we’ve, Joe Biden, Vladimir Putin, Pennycook, Michelle Donelan, Thierry Breton, Musk, ” Musk, ” Breton, ___ Kelvin Chan Organizations: Twitter, Elon, YouTube, Facebook, Cornell University, Media, Press, Israel, Reuters, Britain’s, Google, Digital Services, EU Locations: Israel, Europe, London

☆ Dollar loses steam ahead of Fed meeting minutes, US inflation test
▼ + stars: | 2023-10-11 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. A slew of Fed officials have signalled in recent days that the U.S. central bank may not need to tighten monetary policy much further than initially thought. Atlanta Fed Bank President Raphael Bostic said on Tuesday the central bank did not need to raise borrowing costs any further, and Minneapolis Fed President Neel Kashkari followed with similar remarks later in the day. U.S. Treasury yields have similarly tracked lower following the dovish Fed comments, with the two-year yield , which typically reflects near-term rate expectations, hitting a one-month low of 4.9260% on Tuesday. The offshore yuan , which touched a roughly one-month high of 7.2700 per dollar on Tuesday, last bought 7.2839.

Persons: Rick Wilking, Raphael Bostic, Neel Kashkari, Sterling, Thierry Wizman, Carol Kong, CBA's, Rae Wee, Jamie Freed Organizations: REUTERS, Rights, Treasury, dovish, Atlanta Fed Bank, Minneapolis Fed, U.S, Commonwealth Bank of Australia, New Zealand, Bloomberg, Thomson Locations: Westminster , Colorado, Rights SINGAPORE, U.S, Asia, CHINA, China

☆ EU urges Big Tech to tackle terrorist content after Hamas attack
▼ + stars: | 2023-10-11 | by ( Martin Coulter | ) www.reuters.com time to read: +2 min

In his letters to Musk and Zuckerberg, Breton said their companies had 24 hours to inform the EU how they were stopping harmful content on their platforms. Now, the European Commission, the EU’s executive branch, has sought to remind all social media companies they are legally required to prevent the spread of harmful content related to Hamas. “Content circulating online that can be associated to Hamas qualifies as terrorist content, is illegal, and needs to be removed under both the DSA (Digital Services Act) and TCO (Terrorist Content Online) Regulation,” a Commission spokesperson told Reuters. The Commission urges online platforms to fully comply with EU rules.”The recently implemented DSA requires large online platforms, including X and Meta’s Facebook, to remove illegal content and to take measures to tackle the risks to public security and civic discourse. It is unclear if Breton has sent similar messages to other social media companies designated under the DSA.

Persons: Carlos Barria, Thierry Breton, Elon, Mark Zuckerberg, Zuckerberg, Breton, Martin Coulter, Bernadette Baum, Josie Kao Organizations: REUTERS, EU, LONDON, European, Hamas, European Commission, DSA, Services, Reuters, Facebook, Thomson Locations: San Francisco , California, U.S, Israel, Palestinian, Gaza, Breton, Europe

☆ Europe warns Elon Musk about misinformation and violence on X , formerly Twitter, related to Hamas-Israel conflict
▼ + stars: | 2023-10-10 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

X CEO Elon Musk leaves a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. A European regulator has issued Elon Musk a stern warning about the spread of illegal content and disinformation on X, formerly known as Twitter, amid the Israel-Hamas conflict. Failure to comply with the European regulations around illegal content could result in fines worth 6% of a company's annual revenue. The commissioner said that recent "changes in public interest policies" caused confusion in "many European users." Watch: Elon Musk has "cut off the good guys, empowered the bad guys."

Persons: Elon Musk, Elon, Thierry Breton, Musk, Breton, X Organizations: Senate, Intelligence, U.S, Capitol, Washington , D.C, Digital Services, European Commission, European Union, EU Locations: U.S, Washington ,, Israel

☆ EU Warns Musk's X Platform Over Content Circulating About Conflict
▼ + stars: | 2023-10-10 | by ( ) www.wsj.com time to read: 1 min

European Union official Thierry Breton warned X, Elon Musk’s social-media platform, that it could be violating content-moderation rules under the EU’s Digital Services Act by allowing certain content to be circulated about the conflict between Israel and Hamas. “We have indications that your platform is being used to disseminate illegal content and disinformation in the EU,” Breton wrote in a letter to Musk, who acquired the platform known as Twitter late last year and renamed it X.

Persons: Thierry Breton, X, Elon, “, ” Breton, Musk Organizations: EU’s Digital, Twitter Locations: Israel

via REUTERS/File Photo Acquire Licensing RightsBRUSSELS, Oct 10 (Reuters) - The EU's industry chief told Elon Musk that disinformation was spreading on his X messaging platform since Palestinian Islamist group Hamas' surprise attack on Israel, urging him to take counter-measures in line with new EU online content rules. Thierry Breton said on Tuesday he had indications that X, formerly known as Twitter, was being used to disseminate illegal content and disinformation in the European Union. "I therefore invite you to urgently ensure that your systems are effective and report on the crisis measures taken to my team," Breton told Musk in a letter dated Oct. 10 and seen by Reuters. Responding to Breton's X posting, Musk said his company's policy was that everything is open source and transparent. "Please list the violations you allude to on X, so that the public can see them," he said on X.

Persons: Elon, Thierry Breton, Breton, Musk, Foo Yun Chee, Sudip Kar, Gupta, Mrinmay Dey, Chris Reese, Mark Heinrich, Jonathan Oatis Organizations: REUTERS, Rights, Twitter, European Union, Reuters, Digital Services, DSA, Thomson Locations: Rights BRUSSELS, Israel, Bengaluru

As a platform subject to Europe’s Digital Services Act (DSA), X could face billions in fines if regulators conclude that violations have occurred. Much of the problematic content appears to stem from platform changes made under Musk’s supervision, Breton suggested in the letter, which he shared on X. “We have, from qualified sources, reports about potentially illegal content circulating on your service despite flags from relevant authorities,” Breton wrote. The EU letter comes as misinformation about the conflict continues to spread widely across X. On Tuesday, the investigative journalism group Bellingcat said a fake video designed to look like a BBC News report was circulating on social media.

Persons: Elon Musk, Thierry Breton, X didn’t, Breton, X, ” Breton, Porte, Gonzalo Fuentes, ”, Bellingcat, Elliot Higgins, Shayan, “, Musk Organizations: CNN, Europe’s Digital Services, White, DSA, SpaceX, Tesla, Viva Technology, Porte de, Reuters, BBC, BBC News, Pentagon Locations: Israel, Paris, France, EU, Ukraine

Europe's telecoms operators say Alphabet's Google (GOOGL.O), Meta's (META.O) Facebook, Netflix (NFLX.O), Microsoft (MSFT.O) and Amazon (AMZN.O) should bear some of the costs because they make up a huge part of internet traffic. Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Telecom Italia (TLIT.MI) call it fair-share funding while Big Tech says it amounts to an internet tax. The French commissioner, a former chief executive at France Telecom and supporter of the operators' push, faced blowback from some of his fellow commissioners and some EU countries. Breton will likely voice concerns about the recent acquisitions of telecoms stakes by sovereign investment funds and private equity firms to EU telecoms ministers at an Oct. 23-24 meeting in Leon, Spain, another person said. ($1 = 0.9418 euros)Reporting by Foo Yun Chee; Editing by Tomasz Janowski and Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Thierry Breton, Breton, Foo Yun Chee, Tomasz Janowski, Mark Porter Organizations: Big Tech, European Commission, Google, Facebook, Netflix, Microsoft, Deutsche Telekom, Telefonica, Telecom Italia, France Telecom, EU, Thomson Locations: BRUSSELS, Europe, Orange, Leon, Spain

☆ It will feel like a recession for the consumer, says Macquarie Group’s Thierry Wizman
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt will feel like a recession for the consumer, says Macquarie Group’s Thierry WizmanJanus’ Matt Person and Macquarie Group’s Thierry Wizman, joins 'Closing Bell: Overtime' to discuss the macro trends in U.S. markets.

Persons: Macquarie, Thierry Wizman Janus ’ Matt Person, Thierry Wizman

☆ Next EU chief will need cash more than trade wars
▼ + stars: | 2023-10-10 | by ( Rebecca Christie | ) www.reuters.com time to read: +8 min

What she sidestepped was how to find more cash and convince member states to pay up. Von der Leyen, or her successor, will have to figure out how to pay for enlargement. Von der Leyen tapped into trade frustrations with her pledge to investigate and possibly punish Chinese subsidies for car and battery makers. During her first term, von der Leyen succeeded in connecting the EU with bond investors via the 800 billion euro NextGenerationEU borrowing programme. A second term will require even more finesse to convince EU member states to raise money not just from markets, but from themselves.

Persons: Ursula von der, European Union won’t, der, von der Leyen’s, Greens –, der Leyen, Emmanuel Macron, Thierry Breton, Norway’s Jens Stoltenberg, Von der, Carlo Bastasin, Von der Leyen, von der Leyen, sceptics, Ursula von der Leyen, Charles Michel’s, Jens Stoltenberg’s, Francesco Guerrera, Streisand Neto, Thomas Shum Organizations: Reuters, European Union, Bank, EU, European Commission, Socialists, Greens, NATO, Reuters Graphics Reuters, Brookings, handouts, Organisation for Economic Co, Transport, Environment, Thomson Locations: BRUSSELS, Ukraine, Moldova, Western, Brussels, Germany, Bosnia, Herzegovina, Montenegro, Serbia, Albania, North Macedonia, Kosovo, Turkey, Georgia, Spain, Poland, United States, China, Ireland, Netherlands, EU, EU’s, Hungary

The social media platform X, formerly known as Twitter, says it is struggling with a flood of posts sharing graphic media, violent speech and hateful conduct about the Israel-Hamas war. But it has received a broadside of criticism, including from a top European Union official, questioning the adequacy of the response. One former member of Twitter’s public policy team said the company is having a harder time taking action on posts that violate its policies because there aren’t enough people to do that work. “X believes that, while difficult, it’s in the public’s interest to understand what’s happening in real time,” its statement said. “With the global crisis unfolding, Linda and her team must remain fully focused on X platform safety,” X told the organizers of the WSJ Tech Live conference being held next week in Laguna Beach, California.

Persons: Elon Musk, ”, Thierry Breton, ” Breton, Musk, we’ve, Emerson Brooking, Brooking, Ukraine ”, “ Elon Musk, monetization, “ Musk, Theodora Skeadas, “, ” Linda Yaccarino, Linda, ” X, Ali Swenson Organizations: Twitter, European Union, “, Atlantic Council, Journalists, Pentagon, X, WSJ Tech, Associated Press Locations: Israel, San Francisco, Ukraine, Laguna Beach , California

REGULATORY SCRUTINYWhile disinformation has spread on all major social media platforms including Facebook and TikTok, X appeared to be the most recent to draw scrutiny from regulators. On Tuesday, European Union Commissioner Thierry Breton warned Musk that X was spreading "illegal content and disinformation," according to a letter Breton posted on X. Musk himself recommended that X users follow two accounts that had previously spread false claims for "real-time" updates on the conflict, the Washington Post reported. False information has also spread on messaging app Telegram and short-form video app TikTok, said DFRLab's Trad. Like other online platforms, YouTube has moderation employees and technology to remove content that violates its rules.

Persons: Dado Ruvic, Ruslan Trad, X, Bruno Mars miscaptioned, Thierry Breton, Breton, Musk, Renee DiResta, Jack Brewster, Brewster, Tamara Kharroub, DFRLab's Trad, TikTok, Solomon Messing, there's, Messing, Kharroub, Sheila Dang, Riniki Sanyal, Deepa Babington Organizations: Twitter, REUTERS, Elon, European Union, Reuters, Atlantic, Forensic Research, Hamas, Meta, Facebook, European, EU, Stanford Internet Observatory, Washington Post, Washington, Arab Center Washington DC, New York University's Center for Social Media, YouTube, Thomson Locations: Israel, American, New, Dallas, Bangalore

☆ Dollar pauses rally as markets brace for US nonfarm payrolls test
▼ + stars: | 2023-10-06 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. The dollar index , which earlier in the week hit a roughly 11-month high of 107.34, last settled at 106.37, but remained on track for 12 straight weeks of gains. The benchmark 10-year Treasury yield last stood at 4.7269%, while the two-year yield settled at 5.0267%. The pause in the dollar's rally has also provided a much-needed reprieve for the yen , which last bought 148.48 per dollar. Sterling edged 0.03% lower to $1.2188 and was likewise headed for five straight weeks of losses, struggling against a dominant dollar.

Persons: Rick Wilking, Rodrigo Catril, We've, Vishnu Varathan, Thierry Wizman, Rae Wee, Shri Navaratnam Organizations: REUTERS, Rights, . Treasury, greenback, U.S, Treasury, National Australia Bank, Bank of Japan, Ministry of Finance, Mizuho Bank ., Sterling, European Central Bank, Bank of England, Reserve Bank of Australia, New Zealand, Reserve Bank of New, Thomson Locations: Westminster , Colorado, Rights SINGAPORE, U.S, Reserve Bank of New Zealand

☆ Dollar pauses rally as markets brace for U.S. nonfarm payrolls test
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: +3 min

The dollar dipped on Friday but traders were largely keeping to the sidelines in both the currency and U.S. Treasury markets as they looked to U.S. nonfarm payrolls data later in the day for potential catalysts. The dollar index , which earlier in the week hit a roughly 11-month high of 107.34, last settled at 106.37, but remained on track for 12 straight weeks of gains. The benchmark 10-year Treasury yield last stood at 4.7269%, while the two-year yield settled at 5.0267%. The pause in the dollar's rally has also provided a much-needed reprieve for the yen , which last bought 148.48 per dollar. Sterling edged 0.03% lower to $1.2188 and was likewise headed for five straight weeks of losses, struggling against a dominant dollar.

Persons: Rodrigo Catril, We've, Vishnu Varathan, Thierry Wizman Organizations: . Treasury, greenback, U.S, Treasury, National Australia Bank, Bank of Japan, Ministry of Finance, Mizuho Bank ., Sterling, European Central Bank, Bank of England, Reserve Bank of Australia, New Zealand, Reserve Bank of New Locations: U.S, Reserve Bank of New Zealand

BRUSSELS (AP) — The European Union announced plans on Tuesday to better protect its cutting-edge technologies from foreign snooping that might threaten its economy and security in the wake of repeated warnings that the bloc needs to “de-risk” its relations with China. “Technology is currently at the heart of geopolitical competition and the EU wants to be a player, and not a playground,” European Commission Vice President Vera Jourova said. To better protect its relatively open market, the European Commission wants the member states to immediately carry out risk assessments of its most sensitive industries, including advanced semiconductor, artificial intelligence, quantum and biotechnologies. Those are considered “highly likely to present the most sensitive and immediate risks related to technology security and technology leakage” and are up for the highest level of protection. Hence, the EU has sought to center on de-risking relations, and better protecting its vital economic sectors from undue interference.

Persons: Vera Jourova, ” Jourova, Thierry Breton, it’s, ” Organizations: European Union, Technology, EU, European Commission Locations: BRUSSELS, China, Beijing

BRUSSELS, Oct 2 (Reuters) - The European Commission will assess the risks of four critical technologies, including semiconductors and artificial intelligence, being weaponised by countries not aligned with its values and will take measures next year to tackle the issue, an EU official said on Monday. The other two critical technologies on the EU list are quantum technologies and biotechnologies such as vaccines and genome sequencing. "The Commission will do risk assessments of these four technologies with member states. The next step is to mitigate the risks next year," the official told Reuters on condition of anonymity. Commission Vice President Vera Jourova and EU industry chief Thierry Breton will hold a press conference on the issue at 1330 GMT on Tuesday.

Persons: Vera Jourova, Thierry Breton, Foo Yun Chee, Richard Chang Organizations: European, EU, Reuters, Thomson Locations: BRUSSELS, United States, Australia, China, Ukraine

☆ A young engineer 3D prints drones for rebel forces fighting Myanmar's military dictatorship. 'My parents would kill me' if they knew, he says.
▼ + stars: | 2023-09-30 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

One engineer began printing semiautomatic rifles and drones to fight the military regime, per Wired. AdvertisementAdvertisementA young engineer has been producing semiautomatic rifles and drones for a rebel group fighting against Myanmar's military regime behind his parents' backs, Wired magazine reported. AdvertisementAdvertisementAs of January 2023, about 3,000 people were killed, nearly 17,000 detained, and more than 1.5 million people displaced under the military regime, according to the US State Department. "That's when I thought, I have to find a way to make weapons from scratch," 3D told Wired. Armed with a 3D printer, the engineer began making FGC-9s, a 3D-printed semiautomatic rifle, using blueprints accessible online.

Persons: —, Thierry Falise, Ukraine's Organizations: US State Department, Service, Wired, Karenni Nationalities Defence Force, Union Solidarity and Development Party, KNDF, Karenni Nationalities Defense Force, Liberator, United Nations Locations: Ukraine

☆ European countries who put curbs on Huawei 5G equipment
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The European Union's industry chief Thierry Breton in June urged more EU countries to join the efforts to curb or block Huawei and ZTE equipment from the bloc's 5G telecoms networks. FRANCEFrench authorities in 2020 told telecoms operators planning to buy Huawei 5G equipment that they would not be able to renew licences for the gear once they expire, effectively phasing Huawei out of mobile networks. ITALYWhile Italy has not outright banned Huawei equipment, it prevented telecoms group Fastweb in 2020 from signing a deal for Huawei to supply equipment for its 5G network. LATVIALatvia and the U.S. signed an agreement in 2020 on 5G security aimed at limiting the operations of Chinese companies. SWEDENSweden in 2020 banned telecoms equipment from Huawei and ZTE in its 5G network.

Persons: China's, Thierry Breton, Tristan Veyet, Antonis Pothitos, Laura Lenkiewicz, Milla Nissi, Jan Harvey Organizations: China's Huawei, Huawei, DENMARK Danish, FRANCE French, ZTE, U.S, LITHUANIA Lithuania's, Thomson Locations: Germany, European, BRITAIN Britain, ESTONIA, DENMARK, FRANCE, GERMANY, ITALY, Italy, LATVIA Latvia, LITHUANIA, PORTUGAL, ROMANIA, U.S, China, SWEDEN Sweden

☆ Cognizant appoints former Wipro finance chief Jatin Dalal as CFO
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 28 (Reuters) - Cognizant Technology Solutions (CTSH.O) on Thursday named former Wipro (WIPR.NS) chief financial officer Jatin Dalal as its CFO, a week after his resignation from the Indian information technology (IT) major. The pace of executive churn has picked up in the Indian tech industry in recent months. Dalal became Wipro's CFO in 2015, and with CEO Thierry Delaporte steered the company through the pandemic as demand for digital services boomed. "We are pleased to welcome Jatin to Cognizant and confident he will help us achieve our goals as we continue to focus on driving revenue growth," Cognizant CEO Ravi Kumar S said in the statement. Cognizant projected third-quarter revenue above estimates in August as more businesses turned to the IT services provider to digitize their operations.

Persons: Dado Ruvic, Jatin Dalal, Ravi Kumar S, Dalal, Jan Siegmund, Rajesh Gopinathan, Mohit Joshi, Wipro's, Thierry Delaporte, Jatin, Cognizant, Jaspreet Singh, Hritam Mukherjee, Varun Organizations: REUTERS, Technology Solutions, Wipro, Cognizant, Infosys, Indian, Tata Consultancy Services, Tech Mahindra, Thomson Locations: Bengaluru

An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing RightsCompanies Apple Inc FollowBRUSSELS, Sept 26 (Reuters) - EU industry chief Thierry Breton on Tuesday called on Apple (AAPL.O) CEO Tim Cook to open up the iPhone maker's fiercely guarded ecosystem of hardware and software to rivals. "The next job for Apple and other Big Tech, under the DMA (Digital Markets Act) is to open up its gates to competitors," Breton told Reuters. "Be it the electronic wallet, browsers or app stores, consumers using an Apple iPhone should be able to benefit from competitive services by a range of providers," he said. Breton also took aim at Apple's arguments that security and privacy issues are the reasons why it has a closed ecosystem.

Persons: Stephanie Lecocq, Thierry Breton, Tim Cook, Cook, Breton, Foo Yun, Mark Potter Organizations: Apple, REUTERS, Apple Inc, Big Tech, Reuters, Thomson Locations: Lille, France, Brussels, EU

☆ Sliding yen raises intervention threat, dollar reigns
▼ + stars: | 2023-09-25 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "I don't think the level matters that much and will be the trigger (for intervention). Yellen said last week whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Elsewhere, the euro gained 0.05% to $1.0649, after having fallen to a six-month low of $1.0615 on Friday against a stronger dollar. The dollar index , which on Friday touched an over six-month high, firmed at 105.58.

Persons: Florence Lo, Kazuo Ueda, Governor Ueda, Carol Kong, Janet, Yellen, Sterling, Thierry Wizman, Rae Wee, Christopher Cushing Organizations: U.S, REUTERS, Rights, Bank of Japan, Reserve, Commonwealth Bank of Australia, Treasury, Bank, Fed, New Zealand, Thomson Locations: Rights SINGAPORE, Washington, Japan, U.S

☆ Sliding yen stokes intervention threat; dollar reigns
▼ + stars: | 2023-09-25 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "I don't think the level matters that much and will be the trigger (for intervention). Yellen said last week whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Elsewhere, the euro gained 0.04% to $1.0649, after having fallen to a six-month low of $1.0615 on Friday against a stronger dollar. The dollar index , which on Friday touched an over six-month high, firmed at 105.57 in early Asia trade.

Persons: Florence Lo, Kazuo Ueda, Governor Ueda, Carol Kong, Janet, Yellen, Sterling steadied, Thierry Wizman, Rae Wee Organizations: U.S, REUTERS, Rights, Bank of Japan, Reserve, Commonwealth Bank of Australia, Treasury, Bank, Fed, New Zealand, Thomson Locations: Rights SINGAPORE, Washington, Japan, U.S, Asia

☆ Sliding yen stokes intervention threat, dollar reigns
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: +3 min

An employee counts Japanese 10,000 yen banknotes at the Birdy Exchange in Hong Kong, China. Several factors were supporting the recovery in the Japanese yen on Tuesday. Yellen said last week whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Elsewhere, the euro gained 0.04% to $1.0649, after having fallen to a six-month low of $1.0615 on Friday against a stronger dollar. The dollar index , which on Friday touched an over six-month high, firmed at 105.57 in early Asia trade.

Persons: Kazuo Ueda, Governor Ueda, Carol Kong, Janet, Yellen, Sterling steadied, Thierry Wizman Organizations: Birdy, Bank of Japan, Reserve, Commonwealth Bank of Australia, U.S, Treasury, Bank, Fed, New Zealand Locations: Hong Kong, China, Washington, Japan, U.S, Asia

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