Markets

Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, providing yet more assurance to investors worried about the inflation outlook.

The Bank of Japan should restrain its purchases of exchange-traded funds (ETF) when markets are calm to prevent its holdings from increasing as much as possible, board member Hitoshi Suzuki said on Wednesday.

China's Xiaomi Corp said on Wednesday a U.S. court has removed the company's designation as a Communist Chinese Military Company (CCMC) and lifted all restrictions on U.S. persons buying or holding its stock.

Oil prices were steady on Wednesday as concerns a possible resumption in Iranian supply would cause a glut were offset by hopes for stronger U.S. fuel demand after a drop in weekly inventory estimates by the American Petroleum Institute.

The dollar wallowed near its weakest since early January against major peers on Wednesday, as Treasury yields eased amid Federal Reserve insistence that stimulus will continue despite current inflationary pressures.

Tesla Inc said on Tuesday it will eliminate a radar sensor from its semi-automated driving system for Model 3 and Model Y in the North American market starting deliveries in May.

Round-up of South Korean financial markets:

Hackers who targeted hospitals in New Zealand's Waikato district have released what appears to be private patient information to media outlets, as health systems struggled to come back online more than a week after the attack.

Japan's corporate service prices rose for the second straight month in April due to a rebound in advertising and freight fees, data showed on Wednesday, a sign the economy was gradually emerging from the COVID-19 pandemic's initial hit.

TOKYO: Japan's government wants Taiwan Semiconductor Manufacturing Co Ltd (TSMC) and Sony Group to invest 1 trillion yen (US$9.19 billion) to build Japan's first 20 nanometre semiconductor plant to make chips for cars, industrial machinery and home appliance, the Nikkan Kogyo newspaper reported ...