TOKYO (Reuters) – Japan’s core consumer price index for May is expected to climb 2.1% from a year earlier, its second straight month of gains above the central bank’s 2% inflation target, a Reuters poll showed on Friday. “Although there was a lull in the growth of energy costs due to an expansion of subsidies…
A look at the day ahead in markets from Julien Ponthus Operation shock and awe: June 2022 will most likely be remembered as the month central banks finally decided to bring out the big guns to shoot down soaring inflation. Within 48 hours, the U.S. Federal Reserve made its biggest rate hike since 1994, the…
NEW YORK (AP) — Wall Street closed out its most punishing week since the 2020 coronavirus crash with a meandering day of trading Friday that left it a bit higher. The S&P 500 rose 8.07 points, or 0.2%, to 3,674.84 after waffling between modest losses and gains for most of the day. The Dow Jones…
By Tom Westbrook SINGAPORE (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland set investors on edge about future economic growth. The Bank of Japan was the only outlier in a week…
GENEVA (AP) — After all-night talks, members of the World Trade Organization early Friday reached a string of deals and commitments aimed at protecting stocks of ocean fish, broadening production of COVID-19 vaccines in the developing world, improving food security and reforming a 27-year-old trade body that has been back on its heels in recent…
By Rocky Swift TOKYO (Reuters) – Japan’s yen is at its weakest in decades and inflicting high costs of imported food and fuel on households and businesses, but also proving to be an unexpected tailwind for multinationals such as pharmaceutical giant Takeda. As the Bank of Japan reiterated its commitment to loose monetary policy on…
MADRID (Reuters) – Spain’s Santander is set to appoint insider Hector Grisi as its chief executive officer, replacing long-time executive Jose Antonio Alvarez, Bloomberg News reported on Friday. Grisi, 55, is expected to take over fully in early 2023 following a transition period, according to people familiar with the move cited by Bloomberg who asked…
By Emma Farge and Philip Blenkinsop GENEVA (Reuters) – The World Trade Organization’s 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five gruelling days of negotiations. The deals were ground out over five days of bargaining at…
By Leika Kihara and Daniel Leussink TOKYO (Reuters) -The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signaling its resolve to focus on supporting the economy’s tepid recovery from the COVID-19 pandemic. However, in a nod to the hit that the yen’s…
