By Leika Kihara TOKYO (Reuters) – The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultra-low interest rates than his dovish predecessor, potentially tilting the board away from Governor Haruhiko Kuroda’s aggressive monetary easing policy. Former private economist Hajime Takata, and another newcomer Naoki…
HONG KONG (Reuters) – China is planning to set up a real estate fund that could be worth up to 300 billion yuan ($44.39 billion) to support more than a dozen property developers, including embattled China Evergrande Group, financial information provider REDD reported on Monday, citing sources. The fund has secured 50 billion yuan from…
By Tom Westbrook SINGAPORE (Reuters) – The dollar was on a firm footing on Monday, as traders brace for a sharp U.S. interest rate hike this week and look for safety as data points to a weakening global economy. The greenback was up slightly against most majors early in the Asia session, trading at $1.0195…
By Makiko Yamazaki TOKYO (Reuters) – Japan’s asset managers nudged the volume up another notch at shareholder meetings this year, increasingly opposing management proposals and adding momentum to a policy of attracting foreign investors initiated by slain former Prime Minister Shinzo Abe. Nikko Asset Management, Asset Management One and others have become distinct voices in…
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but she said a downturn was not inevitable. Yellen, speaking on NBC’s “Meet the Press,” said strong hiring numbers and consumer spending showed the U.S. economy is not currently in recession….
(Corrects last paragraph to say the contract expires on Monday, July 25, not Aug. 1) By David Shepardson and Jose Joseph (Reuters) -A union representing nearly 2,500 employees at three Boeing Co defense locations in the St. Louis area said on Sunday the workers rejected the company’s defense contract offer and will strike at the…
(Reuters) – Rogers Communications Inc said on Sunday it will invest C$10 billion ($7.74 billion) over the next three years in Artificial Intelligence (AI), and more testing and oversight, just weeks after the company reported network issues that caused widespread disruptions across the country. Chief Executive Officer Tony Staffieri said the Canadian telecom operator has…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and acknowledged there was the risk of a recession, but she said a downturn was not inevitable. Yellen, speaking on NBC’s “Meet the Press”, said strong U.S. hiring numbers and consumer spending showed the U.S. economy is not…
By Elizabeth Piper and Mathieu Rosemain LONDON/PARIS (Reuters) -French satellite company Eutelsat is poised to buy British rival OneWeb in a deal that could be announced as early as Monday, two sources close to the negotiations said on Sunday. OneWeb was valued at $3.4 billion in its most recent funding round, one of the sources…
LONDON/PARIS (Reuters) – French satellite company Eutelsat is poised to buy British rival OneWeb in a deal that could be announced as early as Monday, two sources close to the negotiations said on Sunday. The combination of the two companies would strengthen their position in the race to build a constellation of low-orbit satellites, challenging…
