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Japan leaning toward softer AI rules than EU -source

Japan is leaning toward softer rules governing the use of artificial intelligence (AI) than the European Union, said an official close to deliberations, as it looks to the technology to boost economic growth and make it a leader in advanced chips.

Japan , Tokyo , China , Japanese , Sam-nussey , Thierry-breton , Christopher-cushing , Yutaka-matsuo , Tim-kelly , Thomson-reuters-trust-principles , University-of-tokyo-prof , European-union

Analysis: Threat of 'down rounds' spur private credit funds in Asia

From India to Singapore, Asia is seeing a boom in private credit funds looking to tap into demand mainly from startups that are moving away from raising equity capital at a sharp discount to their valuations, known as 'down round' in the industry.

Japan , Netherlands , Singapore , India , Hong-kong , United-states , America , Nicholas-mairone , Camille-krejci , Yantoultra-ngui , Sidley-austin , Robert-wright

Mexico's Nuvocargo snags $36.5 mln in investment tied to US-Mexico trade

Mexican shipping startup Nuvocargo announced on Tuesday it had raised $36.5 million in a new round led by QED Investors, as nearshoring offer new trade opportunities between Mexico and the U.S.

Mexico , United-states , America , Mexican , Valentine-hilaire , Isabel-woodford , David-gregorio , Deepak-chhugani , Thomson-reuters-trust-principles , Reuters , Tiger-global , North-america

Explainer: PwC Australia fights to contain government tax leak scandal

PricewaterhouseCoopers (PwC) Australia has moved to contain the fallout from a scandal over the misuse of confidential government tax plans by selling its government consulting unit to Allegro Funds and flying in an executive from Singapore to lead the local firm.

Australia , Singapore , Sydney , New-south-wales , Australian , Sonali-paul , Rahat-munir , Praveen-menon , Kristin-stubbins , Slater-gordon , Scott-murdoch , Lewis-jackson

Exclusive: Masimo shareholders poised to elect Politan's two director nominees to board -sources

Masimo Corp shareholders are poised to elect two director candidates proposed by Politan Capital Management, handing a win to the activist investment firm in one of the year's biggest board room challenges, sources familiar with the matter said on Monday.

Delaware , United-states , Svea-herbst-bayliss , Quentin-koffey , Leslie-adler , Michelle-brennan , Masimo-corp , Vanguard-group , Reuters , Thomson-reuters-trust-principles , Institutional-shareholders-services , Politan-capital-management

PwC Australia to sell government business for A$1, appoint new CEO

PwC Australia entered an exclusivity agreement with private equity firm Allegro Funds to sell its government practice for A$1 as it brought in an executive from Singapore to lead its local firm.

Australia , Sydney , New-south-wales , Singapore , Australian , Justin-carroll , Lewis-jackson , Kristin-stubbins , Sam-mckeith , Kevin-burrowes , Christopher-cushing , Tom-hogue

Indian shares set for muted start as profit-booking seen around record levels

Indian shares opened lower on Friday, following a decline in broader Asian equities as hawkish central banks sour appetite for risky assets and as domestic benchmarks began consolidating at near-record levels.

Singapore , Thoothukudi , Tamil-nadu , India , Bengaluru , Karnataka , Switzerland , Swiss , Bharat , Rama-venkat , Janane-venkatraman , Landmark-cars-ltd

Ex-Goldman banker convicted of insider trading

A former Goldman Sachs banker was convicted of insider trading by a New York jury on Wednesday, after prosecutors said he passed tips about potential mergers to a friend.

New-york , United-states , Akshay-niranjan , Jody-godoy , Brijesh-goel , Damien-williams , Reuters , Spirit-airlines , Thomson-reuters-trust-principles , Goldman-sachs , Us-district-court , Southern-district

Nasdaq expects expanded markets to justify $10.5 bln Adenza merger price tag

Nasdaq's eye-popping $10.5 billion bet on the little known financial software company Adenza will help the exchange operator vastly expand the market for its products, from risk management and regulatory software to anti-financial crime technology.

United-states , Thoma-bravo , Michael-miller , Adena-friedman , John-mccrank , Paritosh-bansal , Andrew-bond , David-gregorio , Reuters , Thomson-reuters-trust-principles , Moody , Nasdaq

Exclusive: Fast-fashion giant Shein plans new Mexico warehouse in Latin America push

Fast-fashion giant Shein is seeking more warehouse space in Mexico as it expands e-commerce operations in the country, part of the company's budding plans to gain a bigger foothold in Latin America, said three people familiar with the project.

Brazil , Mexico-city , Distrito-federal , Mexico , Singapore , United-states , China , Mexican , Aurora-ellis , Dave-marcotte , Marcelo-claure , Shein-latin-america