BEIJING (Reuters) – China’s Commerce Minister Wang Wentao said China is willing to listen to the opinions of foreign companies including U.S. firms, a ministry statement said on Friday. In a video telephone call with U.S.-China Business Council president Craig Allen, Wang discussed bilateral trade and China’s opening up, saying the country was willing to…
By Kevin Buckland and Junko Fujita TOKYO (Reuters) – Yields on Japan’s benchmark 10-year government bonds breached the central bank’s new ceiling on Friday in the market’s most direct challenge yet to decades of uber-easy monetary policy. With speculation swirling that the Bank of Japan’s policy of yield curve control (YCC) could be revised, or…
BEIJING (Reuters) – China’s exports and imports with Russia hit a new high of 1.28 trillion yuan in 2022, Lyu Daliang, spokesperson of the General Administration of Customs, told a news briefing in Beijing on Friday. Trade with Russia accounted for 3% of China’s total for the year, he added. (Reporting by Joe Cash, Shen…
By Tom Westbrook and Kevin Buckland SINGAPORE/TOKYO (Reuters) – Asian stocks rose on Friday as investors cheered a slowdown in U.S. inflation, while the yen hit a seven-month high and Japanese bond yields broke above the central bank’s target as markets challenged Tokyo’s commitment to loose monetary policy. MSCI’s broadest index of Asia-Pacific shares outside…
By Andrea Shalal WASHINGTON (Reuters) – A new global sovereign debt “roundtable” that will include China, other creditors and some borrowing countries will meet for the first time next month on the sidelines of a Group of 20 finance officials meeting in India, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva, the first person…
(Reuters) – Carlyle Group is in discussions with senior Wall Street executives for its top role, according to a Financial Times report on Thursday, citing multiple people familiar with the matter. The private equity firm is considering Citigroup Inc’s chief financial officer Mark Mason and Morgan Stanley’s chief operating officer Jonathan Pruzan as contenders for…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. U.S. inflation data for December is in, and while market reaction was perhaps a little muted relative to recent releases and the hype surrounding it, the overriding message for investors was clear: keep calm and risk on. A…
By Hannah Lang (Reuters) – City National Bank has agreed to pay $31 million to settle lending discrimination allegations with the U.S. Justice Department, the agency said on Thursday. A complaint filed in federal court on Thursday alleged that from 2017 through at least 2020, the Los Angeles-based bank received fewer applications in majority-Black and…
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Some investors believe a slowdown in U.S. inflation last month may be paving the way for a market-friendly “Goldilocks” scenario for asset prices, allowing the Federal Reserve to bring down consumer prices without badly damaging growth. U.S consumer prices unexpectedly fell last month for the…
By Ann Saphir (Reuters) – Federal Reserve policymakers on Thursday expressed relief that price pressures were easing, paving the way for a possible slowdown in interest rate hikes, but they signaled the U.S. central bank’s target rate was still likely to rise above 5% and stay there for some time despite market bets to the…
