SINGAPORE/HONG KONG (Reuters) -Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment…
By Alun John HONG KONG (Reuters) – The yen is poised to snap a nine-week losing streak on Friday on weakening risk sentiment, while another Wall Street selloff drove flight-to-safety bids to the dollar, which held near 20-year peaks. The dollar regained a little ground on the Japanese currency and was last at 128.9 per…
TOKYO (Reuters) -Toshiba Corp said on Friday it had delayed board director nominations ahead of the annual shareholders meeting in June as it needed more time to finalise the candidates. The Japanese industrial conglomerate is in the process of ascertaining whether there were any conflict-of-interest issues for some candidates, causing the delay, a source familiar…
By Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s economic growth picked up pace in the first quarter on recovering demand and a stronger labour market as the global economy rebounds from the coronavirus pandemic, the central bank said on Friday. Gross domestic product rose 5% in the January-March period, faster than…
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank will maintain its dovish guidance on the future path of interest rates for the time being, as the coronavirus pandemic continues to weigh on the fragile economy. Under the current forward guidance, the BOJ says it “won’t…
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday an expected, near-term rise in inflation would lack sustainability as it will be driven mostly by energy costs, stressing the need to keep monetary policy ultra-loose. “For inflation to heighten as a trend, Japan must see a shift from inflation caused by energy…
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said recent sharp yen moves were undesirable, echoing comments by the finance minister in a sign policymakers were focusing on the speed of moves in gauging the impact of the currency’s slump on the economy. Kuroda said the yen’s drop would affect households and…
By Bharat Gautam (Reuters) – Gold prices held ground near a three-month low on Friday as the strongest dollar in two decades continued to sap demand for greenback-priced bullion, setting up what could be the metal’s fourth consecutive weekly fall. In choppy price action, spot gold was flat at $1,823.25 per ounce, as of 0244…
By Andrew Galbraith SHANGHAI (Reuters) – Asian shares found some footing after a volatile session for U.S. equities, but the dollar remained at 20-year highs and global stocks near 18-month lows on worries about persistently high inflation and tightening central banks. Those worries ultimately overcame hopes on Wall Street that high inflation might be peaking,…
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday recent sharp yen moves were undesirable, repeating his warning to markets against pushing down the currency too much. “We will closely watch with a sense of urgency currency moves and their impact on Japan’s economy,” Suzuki told parliament. (Reporting by Leika Kihara; Editing by…
