Former US Attorney Highlights One Key Element That Makes Fani Willis’ RICO Case ‘Incredibly Weak’
Former United States Attorney Brett Tolman said on Thursday that Fani Willis’s RICO case against former President Donald Trump was “weak” because the defendants sought to challenge the election through the court…
Marketmind: The weak currency gang
A look at the day ahead in markets from Dhara Ranasinghe. The weak-currency gang is growing in force. The yen plunged to a new two-decade low versus the dollar on Thursday after…
China Q1 consumption lags in key coastal provinces; Q2 off to weak start
BEIJING – China’s first-quarter retail sales lagged in key coastal economic regions with areas hit by COVID-19 outbreaks showing particular weakness, according to regional data, pointing to further sluggishness in consumption in…
Weak won fuels Hyundai Motor Q1 profit, offsets chip shortage, costs
By Heekyong Yang SEOUL – Hyundai Motor Co is likely to report a 4% bump in first-quarter profit thanks to a sharply weaker won boosting the value of its exports and offsetting…
Explainer-What would Japan’s currency intervention to combat a weak yen look like?
By Leika Kihara and Tetsushi Kajimoto TOKYO – Japanese policymakers escalated their warnings against sharp yen falls with the finance minister saying the currency’s slump to two-decade lows versus the dollar would…
Japan’s wholesale inflation stays near record on Ukraine war, weak yen
By Leika Kihara TOKYO -Japan’s wholesale inflation remained near record-high levels in March as the Ukraine crisis and a weak yen pushed up fuel and raw material costs, data showed on Tuesday,…
Billionaire CEO Jamie Dimon Calls Out Biden’s Weak Leadership
Billionaire CEO Jamie Dimon Calls Out Biden’s Weak Leadership Harry Wilmerding on April 4, 2022 JPMorgan Chase chief executive officer Jamie Dimon’s annual shareholder letter seemed to take a shot at President…
Japan has little to cheer on weak yen, says former currency diplomat Furusawa
By Leika Kihara and Yoshifumi Takemoto TOKYO – Japan has little to cheer about a weak yen, which reflects its deteriorating economic fundamentals and trade deficit, the country’s former top currency diplomat…
Explainer-What would Japan’s currency intervention to combat a weak yen look like?
By Leika Kihara and Tetsushi Kajimoto TOKYO – Japanese policymakers escalated their warning against sharp yen falls, with the country’s top currency diplomat saying Tokyo and Washington agreed to “communicate closely” on…
Weak demand, cautious price-setting keeping Japan inflation low – BOJ’s Amamiya
TOKYO – Japanese households’ weak pent-up demand and companies’ cautious price-setting behaviour are likely among factors keeping inflation low, Bank of Japan Deputy Governor Masayoshi Amamiya said on Tuesday. “Overall demand has…
BOJ’s Kataoka says weak yen positive for economy
TOKYO – Bank of Japan (BOJ) board member Goushi Kataoka said on Thursday a weak yen was positive for the economy, with the damage due to rising import costs likely very small.…
Rate hike, intervention can’t reverse weak yen, says former Japan currency diplomat
By Leika Kihara and Yoshifumi Takemoto TOKYO – Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines that inflate already rising fuel and raw…
Weak growth, inflation to keep BOJ an outlier with dovish policy tone
By Leika Kihara TOKYO – The Bank of Japan is set to keep monetary policy ultra-loose on Friday and warn of heightening economic risks from the Ukraine crisis, unfazed by prospects of…
No risk for Polish zloty to remain weak in long-term, says prime minister
WARSAW – There is no risk that the Polish zloty will remain weak in the long-term, Poland’s prime minister said on Friday, adding the government was working on measures that would support…
Lyft’s weak rider numbers, Omicron hit outweigh first full-year profit
By Tina Bellon and Nivedita Balu -Lyft Inc’s first full-year adjusted profit and a spike in pricey airport trips were overshadowed by a drop in ridership due to Omicron, which management on…
Meta Platforms’ weak forecast sparks meltdown of social media stocks
By Noel Randewich – Facebook owner Meta Platforms Inc’s quarterly earnings miss and poor forecast on Wednesday ignited a meltdown in social media stocks and threatened to smother a recent recovery from…
Weak Wind Power To Blame For European Energy Crisis, Greater Reliance On Fossil Fuels: REPORT
Low wind power generation is largely to blame for Europe’s ongoing energy crisis and scramble to import more fossil fuels, according to a Reuters report. Wind farms across Europe produced just 14%…
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