By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda on Friday reiterated his view a weak yen benefits the economy as a whole, brushing aside concern the currency’s slide to multi-year lows could do more harm than good to the resource-poor, import-reliant country. Due to structural changes in Japan’s economy, the benefit from…
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday reiterated his view a weak yen benefits the economy as a whole, brushing aside concern the currency’s slide to multi-year lows could do more harm than good to the resource-poor, import-reliant country. Due to structural changes in Japan’s economy, the benefit…
By Anthony Esposito ACAPULCO, Mexico (Reuters) -Citigroup’s retail unit in Mexico, known as Citibanamex, has said it hopes to define the terms of its sale in April, amid signs of intensifying interest in the bank, expected by analysts to fetch between $4 billion and $8 billion. Citi country head Manuel Romo told reporters on Wednesday…
WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Wednesday it has reinstated 352 expired product exclusions from U.S. “Section 301” tariffs on Chinese imports, well short of the 549 exclusions that it was previously considering. The reinstated product exclusions will be effective retroactively from Oct. 12, 2021, and extend through Dec. 31, 2022,…
By Foo Yun Chee BRUSSELS (Reuters) – Landmark EU rules targeting Alphabet unit Google, Amazon, Apple, Meta and Microsoft are likely to set a global benchmark and may even force the tech giants to be more innovative, lawyers and experts said. Europe’s antitrust chief Margrethe Vestager on Thursday won backing from European Union members and…
By Sonali Paul MELBOURNE (Reuters) – Oil prices fell about a $1 on Friday as the United States and allies considered releasing more oil from storage to cool markets and as traders faced higher costs for trading benchmark Brent futures. Brent crude futures fell $1.07, or 0.9%, to $117.96 a barrel at 0053 GMT, after…
By Sheila Dang (Reuters) -Meta Platforms Inc will make it easier for brands to run three-dimensional ads on its Facebook and Instagram social media platforms through a new partnership with an ecommerce technology firm. The integration with VNTANA will allow brands to upload the 3D models of their products to Facebook and Instagram and easily…
By Yoshifumi Takemoto and Kantaro Komiya TOKYO (Reuters) – Core consumer prices in Japan’s capital rose at the fastest annual increase in more than two years in March, propelled by soaring energy costs. The relentless uptrend in global commodity prices following the war in Ukraine could ruin import-reliant Japan’s fragile recovery from the pandemic, even…
By Praveen Paramasivam (Reuters) – Workers at Hershey Co’s second largest U.S. manufacturing plant voted against unionizing, even as unionization efforts have gained momentum among low-paid workers at large U.S. corporations. The Hershey plant, located at the foot of the Blue Ridge mountains in Stuarts Draft, Virginia, has around 1,400 employees and primarily makes products…
By Paul Lienert and Nick Carey (Reuters) – Battery swapping – replacing a depleted battery with a freshly charged one – is not new: The first experiments with exchanging batteries in electric cars date to America’s Gilded Age in the late 1890s, according to industrial historian David A. Kirsch. Here is a timeline of key…
