(Reuters) -The Bank of Japan (BOJ) is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024, Nikkei reported on Saturday. The BOJ jolted markets this month by widening its 10-year yield cap range, a move officially aimed at straightening out bond market distortions…
BEIJING (Reuters) -China’s factory activity shrank for the third straight month in December and at the sharpest pace in nearly three years as COVID infections swept through production lines across the country after Beijing’s abrupt reversal of anti-virus measures. The official purchasing managers’ index (PMI) fell to 47.0 from 48.0 in November, the National Bureau…
BEIJING (Reuters) – China’s factory activity contracted for the third straight month in December and at a sharper pace, official data showed on Saturday, weighed down by the spread of COVID infections through production lines following Beijing’s abrupt easing of anti-virus measures. The official purchasing managers’ index (PMI) stood at 47.0 against a 48.0 reading…
By Dietrich Knauth (Reuters) – Binance’s $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a U.S. national security review, according to a Friday bankruptcy court filing. The crypto exchange’s U.S.-based affiliate Binance.US intends to buy Voyager’s crypto lending platform with a bid that includes $20 million in…
(Reuters) – FTX on Friday disputed the Securities Commission of the Bahamas’ claims that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange’s assets. When the digital assets of FTX were transferred to the regulator in November, their value was just $296 million, FTX said in a statement. (Reporting by Niket Nishant in…
PANAMA CITY (Reuters) – The Panamanian government said it rejected Canada-based miner First Quantum’s legal proceedings to avoid halting operations at the Cobre Panama mine, according to a statement from its commerce and industry ministry published Friday. The mining firm was notified on December 21 of a government order for it to create a plan…
By Echo Wang (Reuters) – U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China. Wall Street’s three main indexes booked their first yearly drop since 2018 as an…
By Michael Erman and Julie Steenhuysen NEW YORK (Reuters) – Drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca PLC and Sanofi SA plan to raise prices in the United States on more than 350 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. The increases are…
By Hannah Lang WASHINGTON (Reuters) – The dollar was on track to post its best year since 2015 on Friday in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown in global growth. As 2022 draws to a close, the dollar was set to notch…
By Michael S. Derby NEW YORK (Reuters) – Just over half of the 50 U.S. states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is in the offing, new research from the St. Louis Federal Reserve Bank report said. That report, released Wednesday, followed another report from…
