A look at the day ahead in markets from Sujata Rao It’s a pretty eventful day in markets. U.S. 10-year yields are back above 3%, lifting the dollar to two-week highs. Then, the yen plumbed new 20-year lows, Australia upped interest rates by a half-point and the pound has fallen after a ruling party confidence…
By Kevin Buckland TOKYO (Reuters) – The dollar rallied for a second day, reaching a fresh two-decade high against the yen, as worries that inflation would prove sticky lifted Treasury yields while also hurting Asian equities, both to the U.S currency’s benefit. Meanwhile, Australia’s dollar shed gains of as much as 0.76% in the immediate…
(Reuters) – British fashion chain Ted Baker said on Tuesday that its preferred bidder did not plan to make an offer for the company and that it would now determine whether to take the formal sale process ahead with other proposals received. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shailesh Kuber)
BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday after U.S. stocks rallied on heavy buying of technology companies. Advancing Chinese technology shares also pushed Hong Kong sharply higher. Benchmarks likewise rose in Tokyo, Seoul and Sydney. Shanghai declined. Oil prices remained near $120 per barrel. Investors are waiting for more clarity on…
By Tom Westbrook SINGAPORE (Reuters) – A surprisingly large rate rise in Australia weighed on shaky Asian stocks on Tuesday and pushed the yen to a fresh 20-year low, making investors even more nervous ahead of U.S. inflation data and central bank meetings in Europe and the United States. The Reserve Bank of Australia raised…
By Sam Nussey TOKYO (Reuters) -Nobuyuki Idei, the urbane former chief executive of Sony Group Corp, who spearheaded the Japanese conglomerate’s push into content but missed the shift to MP3s that led to the iPod, died on June 2, the company said on Tuesday. Idei, who was 84, took the helm in 1995 to drive…
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday lifted its benchmark interest rate for a second time in five weeks, changing the cash rate to 0.85% from 0.35%. When the Reserve Bank of Australia’s lifted the rate by a quarter percentage point at its last monthly board meeting on May 3, it was the…
SYDNEY (Reuters) – Australia’s central bank raised its key cash rate by a surprisingly large 50 basis points to 0.85% on Tuesday and signaled yet more tightening would be needed as it battles to restrain surging inflation. Wrapping up its June policy meeting, the Reserve Bank of Australia (RBA) said that given current inflation pressures…
By Simon Jessop LONDON (Reuters) – The pay gap between workers and CEOs at 300 publicly listed U.S. companies with the lowest median wage jumped in 2021, a study from the Institute for Policy Studies https://ips-dc.org (IPS) showed on Tuesday. The average gap was 670 to 1, up from 604 to 1 in the prior…
TOKYO (Reuters) – Sony Group Corp said on Tuesday its former chief executive, Nobuyuki Idei, died of liver failure on June 2, aged 84. Idei became president of Sony in 1995, chief executive in 1998 and was chairman and chief executive from 2000 to 2005. (Reporting by Sam Nussey; Editing by Clarence Fernandez)
