NEW DELHI (AP) — The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avoid such purchases, an Indian government official said Friday. The official said India has not imposed sanctions against buying oil and will be looking to…
TOKYO (Reuters) – Japan’s big manufacturers’ business mood likely turned less optimistic in the first quarter, as firms struggled with supply disruptions and surging energy prices after Russia launched its war in Ukraine, a Reuters poll showed. Other data next week is expected to show core consumer prices in Tokyo likely rose at the fastest…
TOKYO (Reuters) -Japanese manufacturers began restarting production at some of the plants that were halted following an earthquake that jolted the country’s northeast late on Wednesday. Murata Manufacturing Co Ltd, the top global supplier of ceramic capacitors used in smartphones and cars, said it is restarting production on Friday at two of four factories that…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan maintained its massive stimulus on Friday and warned of heightening risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain an outlier in the global shift towards tighter monetary policy. The BOJ’s dovish tone is in stark contrast with the…
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar headed for its first down week in six versus major peers on Friday, languishing near a one-week low, as investors continued to assess the impact of the start of the Federal Reserve’s rate tightening cycle this week. The safe-haven greenback also lost traction – while the…
TOKYO (Reuters) – The Bank of Japan maintained its massive stimulus on Friday and warned of “very high uncertainty” over the economic fallout from the Ukraine crisis, signalling its resolve to keep monetary policy ultra-loose for the time being. As widely expected, the central bank kept unchanged its short-term interest rate target at -0.1% and…
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar headed for its first down week in six versus major peers on Friday, languishing near a one-week low, as investors continued to assess the impact of the start of the Federal Reserve rate increase cycle this week. The safe-haven greenback also lost traction – while the…
By Tom Westbrook SINGAPORE (Reuters) – Stockmarkets took a breather on Friday after several days of sizeable gains, while commodities were set on edge by the lack of progress in Russia-Ukraine peace negotiations. Oil rose sharply and back over $100 overnight and Brent crude futures were up another 2% to $108.73 in early trade. [O/R]…
By Kentaro Sugiyama and Daniel Leussink TOKYO (Reuters) – The Bank of Japan’s next governor must be someone who can steer the central bank toward an exit from ultra-easy monetary policy, Kenta Izumi, head of the country’s biggest opposition party, said on Thursday. Izumi, president of the left-leaning Constitutional Democratic Party of Japan (CDPJ), also…
By Bernadette Christina JAKARTA (Reuters) – Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts to control domestic cooking oil prices after previous measures failed to tackle the problem. The world’s biggest exporter of the edible oil a day earlier announced a surprised policy…
