By David Shepardson WASHINGTON (Reuters) -U.S. lawmakers will include a proposal to bar federal government employees from using Chinese app TikTok on government-owned devices in a key spending bill, sources told Reuters on Monday. The Senate last week voted on a bill sponsored by Republican Senator Josh Hawley to bar federal employees from using the…
(Reuters) – The Bank of Japan has slightly loosened the shackles on its 10-year yield target and said it will review its yield-curve control policy, surprising financial markets and sending the yen sharply higher. Here are some comments from experts: MOH SIONG SIM, CURRENCY STRATEGIST, BANK OF SINGAPORE: “They’ve widened the band, and I guess…
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) -Japan will issue around 35.5 trillion yen ($258.52 billion) in new government bonds for the fiscal 2023/24 annual budget, government sources told Reuters on Tuesday, adding to the industrial world’s heaviest public debt. The new borrowing is less than the 36.9 trillion yen last year, marking the…
By Kevin Buckland TOKYO (Reuters) – The yen retreated against the dollar on Tuesday ahead of a Bank of Japan policy announcement later in the day, with the central bank widely seen leaving ultra-easy stimulus settings unchanged. The greenback also edged toward a one-week high versus a basket of major peers, supported by higher U.S….
SYDNEY (Reuters) – Australian Foreign Minister Penny Wong said on Tuesday she would push for trade sanctions to be lifted in her meeting with Chinese counterpart Wang Yi as Canberra looks to repair strained diplomatic relations with Beijing. “Many of the hard issues in the relationship will take time to resolve in our interests,” Wong said…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged down against the euro as upbeat German business morale data supported the common currency, while a modest improvement in investors’ appetite for riskier currencies weighed on the safe-haven dollar. German business morale rose more than expected in December as the outlook for Europe’s largest economy…
By David Shepardson and Hyunjoo Jin WASHINGTON/SAN FRANCISCO (Reuters) -Senator Elizabeth Warren, a longtime critic of Tesla Inc boss Elon Musk, on Monday raised concerns that the automaker’s board had failed to address the risks posed by his role as CEO of Twitter. Musk’s $44 billion takeover of the social media platform in October has…
By Chris Taylor NEW YORK (Reuters) – When Jenny Rosenberger’s daughter started thinking about college, she felt what a lot of parents in America do: Totally overwhelmed. The senior vice president for Bank of America in Newark, Delaware, took one look at the application process – with its mountains of options, paperwork, and opaque admissions…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Bank of Japan delivers the last G7 central bank policy decision of the year on Tuesday, and those hoping that a traditional dose of BOJ dovishness will ease the selling pressure currently slamming world markets may be…
HOUSTON (Reuters) – Refiner Citgo Petroleum is on track for a $2.5 billion profit this year, which it plans to use for repaying debt and invest in the reliability of its operations, the board that supervises the Houston-based company said on Monday. Citgo, owned by Venezuela’s state company PDVSA but controlled by an interim government…
