By Leika Kihara and Tetsushi Kajimoto TOKYO -The Bank of Japan must maintain ultra-loose monetary policy as recent cost-push inflation could hurt the economy, Governor Haruhiko Kuroda said on Tuesday, …
All News
-
- Financial News
VW’s Skoda says Ukraine supply partner restarting wire harness production
by Reutersby ReutersPRAGUE – Czech carmaker Skoda Auto, part of the Volkswagen Group, said on Tuesday its supply partner in Ukraine had decided to restart production of wire harnesses as the carmaker …
-
PARIS – The European Central Bank (ECB) needs to look beyond short-term swings in energy prices and focus on underlying inflation trends, ECB policymaker Francois Villeroy de Galhau said on …
-
By Stefanie Eschenbacher MEXICO CITY – Flaring by the energy sector in Mexico hit record levels last year while the number of sites where gas is burnt off also rose …
- Financial News
ECB should consider Greece’s progress in key bond decision – de Guindos
by Reutersby ReutersFRANKFURT – The European Central Bank should consider Greece’s economic progress when it decides whether to keep granting it funding despite its ‘junk’ credit rating in the coming days, the …
-
By David Milliken and Andy Bruce LONDON -British public borrowing has fallen by more than half since its peak during the pandemic, but debt servicing costs are rising rapidly, official …
-
By Lisa Pauline Mattackal and Bansari Mayur Kamdar – Bitcoin just isn’t anonymous enough for a growing cohort of crypto users who are seeking greater seclusion. A volatile class of …
- Financial News
Philippines central bank to start tightening in Q4, earlier hike possible – Reuters poll
by Reutersby ReutersBy Shaloo Shrivastava and Devayani Sathyan BENGALURU – The Philippines central bank will leave policy on hold at Thursday’s meeting to support a nascent recovery, despite a recent U.S. Federal …
-
(This March 21 report, corrects typo in paragraph 1) By Shreyashi Sanyal and Bansari Mayur Kamdar – European shares were subdued at the close on Monday after choppy trading, as …
- Financial News
India’s Zomato faces heat for plans to deliver food in 10 minutes
by Reutersby ReutersBy Abhirup Roy and Aditya Kalra MUMBAI – Indian food-delivery giant Zomato Ltd is facing a backlash on social media for its plans to roll out a 10-minute food service …
- Financial News
Finland’s Nokian Tyres defends move to retain control of Russian factory
by Reutersby ReutersHELSINKI -Finland’s Nokian Tyres PLC said on Tuesday it would continue production in Russia to retain control of its local factory, at a time when many companies are halting operations …
- Financial News
Analysis-Steep oil and sunken yields flash more weakness for Japan’s yen
by Reutersby ReutersBy Kevin Buckland and Alun John TOKYO – A jump in the price of oil and a yawning gap between yields at home and those of U.S. bonds have left …
-
FRANKFURT – Russia’s war in Ukraine will dent euro zone growth but the block is still set to expand, even if the conflict escalates, European Central Bank Vice President Luis …
-
A look at the day ahead in markets from Sujata Rao A JPMorgan survey shows a record high 86% of its clients planned to raise equity exposure. It is unclear …
- Financial News
Leonardo to sell satellite business GES to SES for $450 million
by Reutersby ReutersMILAN – Italian defence group Leonardo said on Tuesday its U.S. unit DRS had agreed to sell its satellite communications business GES to SES for $450 million, gross of taxes, …
-
GENEVA – Swiss drugmaker Novartis said on Tuesday it was suspending capital investments, media advertising, and other promotional activities in Russia but remained committed to providing access to its medicine …
- Financial News
Sri Lanka to hire global law firm to aid debt restructuring -official
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO -Sri Lanka will hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund (IMF) on the …
- Financial News
Disney CEO forms task force, promises listening tour in response to LGBTQ+ concerns
by Reutersby ReutersBy Dawn Chmielewski – Disney CEO Bob Chapek on Monday told employees the company made a mistake remaining silent on Florida legislation that would limit classroom discussion of sexual orientation …
-
HONG KONG -Goldman Sachs expects the U.S. Federal Reserve to raise interest rates by 50 basis points each at its May and June meetings, following hawkish remarks by the central …
- Financial News
Singapore can deploy more fiscal, monetary policy measures if needed – Finance Minister
by Reutersby ReutersSINGAPORE – Singapore’s finance minister said on Tuesday the city-state’s economy should continue to grow this year, but authorities were ready to deploy more fiscal and monetary policy measures if …
-
By Asha Sistla – Gold prices held steady on Tuesday as U.S. Treasury yields hit multi-year highs following an aggressive inflation stance by the Federal Reserve chairman, while an intensifying …
- Financial News
‘Launching Financial Grownups’ shows how to raise money-smart kids
by Reutersby ReutersBy Chris Taylor NEW YORK – When it comes to passing money smarts to children, many parents know where to start. In the beginning, they introduce kids to the concept, …
-
By Ann Saphir and Lindsay Dunsmuir -Federal Reserve Chair Jerome Powell on Monday delivered his most muscular message to date on his battle with too-high inflation, saying the central bank …
- Financial News
Russia’s payment on another bond is processed by U.S. bank -source
by Reutersby ReutersBy Megan Davies NEW YORK -Russia’s coupon payment on a sovereign bond maturing in 2029 was processed by correspondent bank JPMorgan Chase & Co, a source said on Monday, the …
- Police Blotter
Murder Suspect and Child Rape Fugitive Apprehended by U.S. Marshals in Memphis
by DOJ Pressby DOJ PressMemphis, TN – U.S. Marshal Tyreece Miller announces the capture of two separate fugitive cases out of Memphis. Maceo Boyd and Cassell Hunt were both arrested today by the Two …