TOKYO (AP) — The Japanese yen has weakened, trading in recent weeks at 20-year lows of 130 yen to the U.S. dollar just when prices of oil and other goods are surging partly due to the war in Ukraine. The yen’s value against the U.S. dollar and other currencies has fallen mainly because interest rates…
By Kevin Buckland TOKYO (Reuters) – The New Zealand dollar traded an early decline for a big gain on Wednesday after a hawkish tilt from the country’s central bank, while the greenback bounced off a one-month low amid a stabilisation in Treasury yields. The kiwi reversed losses as steep as 0.53% ahead of the Reserve…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank raised interest rates by 50 basis points to 2.0% on Wednesday, its fifth rate hike in a row as it seeks to get on top of inflation and signaled the cash rate would peak at a higher level than previously forecast. All but one of…
By Samuel Indyk LONDON (Reuters) – Central bank policy tightening, fears of a recession and the economic impact of the war in Ukraine are all expected to keep a lid on any significant advance in European stocks for the remainder of 2022, a Reuters poll found. The poll of 21 fund managers, strategists and analysts,…
By Caroline Valetkevitch NEW YORK (Reuters) – Wall Street strategists expect U.S. stocks to end 2022 above current beaten-down levels but some warned of turbulence on concerns inflation and aggressive interest rate rises crimps economic growth and unnerves investors, a Reuters poll found. The benchmark S&P 500 will end this year at 4,400, based on…
By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei share index, which has had a rollercoaster ride in the past year, is forecast to climb over 7% to 29,000 by end-2022, a level last seen at the start of January, according to analysts in a Reuters poll. Japan stocks have closely followed the fortunes of Wall…
TOKYO (Reuters) – Japan kept the overall view on its economy unchanged in May, saying it showed signs of improvement and removing a reference to the coronavirus in its headline assessment for the first time since the start of the pandemic. “The economy is showing signs of picking up,” the government said in its May…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the U.S. economy into recession dampened investors’ risk appetite. All three major U.S. stock indexes pared their losses in afternoon trading, with the blue-chip Dow…
(Reuters) – Ride-hailing firm Lyft Inc said on Tuesday it would slowdown hiring and assess budget cuts in some departments, joining rival Uber Technologies Inc in attempting to rein in costs. Lyft said no employee layoffs are planned and added it would grant special stock options to eligible employees. “We’re also being responsible about costs…
By Medha Singh and Lisa Pauline Mattackal (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Bitcoin’s limited…
