TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield, defying market expectations it would phase out its massive stimulus programme in the wake of rising inflationary pressure. At a two-day policy meeting, the BOJ kept intact its yield curve control (YCC) targets,…
(Reuters) – Twitter’s revenue is down 40% year-over-year and its billionaire owner Elon Musk’s first giant interest payment on the company is due at the end of January, according to a Platformer reporter’s tweet on Tuesday. (Reporting by Juby Babu in Bengaluru; editing by Uttaresh.V)
By Yoshifumi Takemoto and Kantaro Komiya TOKYO (Reuters) – Japan’s core machinery orders fell further than expected in November, prompting the government to slash its view on the barometer of the corporate investment in the world’s third-largest economy to “stalling”. Separate Reuters survey data showed confidence at big Japanese manufacturers had logged the first negative…
By Lananh Nguyen and Noor Zainab Hussain DAVOS, Switzerland (Reuters) -U.S. consumers are still in “pretty good shape,” even as the Federal Reserve raises interest rates to tame inflation, Bank of America Chief Executive Brian Moynihan told Reuters during the World Economic Forum’s (WEF) annual meeting. “The consumers are spending, their wages are growing and…
By Herbert Lash and Chuck Mikolajczak NEW YORK (Reuters) – The Dow fell more than 1% on Tuesday as weak earnings from Goldman Sachs dragged the index lower, but a jump in Tesla shares helped the Nasdaq stay postive as the corporate earnings season took center stage. The rise in Tesla Inc after the electric-vehicle…
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar weakened against the Japanese yen on Tuesday amid expectations of a possible policy shift at the Bank of Japan, while stocks on Wall Street mostly fell following disappointing quarterly results from Goldman Sachs. Japan’s decades of ultra-low interest rates may reach a turning point on Wednesday,…
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The waiting is almost over. The Bank of Japan (BOJ) on Wednesday delivers one of its most eagerly anticipated policy decisions in years, if not decades, after it stunned markets last month by unexpectedly tweaking its ‘yield curve…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations of a possible policy shift at the Bank of Japan (BOJ) that could end its so-called “yield curve control” and be a precursor to adopting a tighter monetary stance. The expectations have…
(Reuters) – A U.S. Justice Department official on Tuesday said the agency is rolling out new policies aimed at boosting incentives for companies to disclose any misconduct they uncover to authorities. The revisions to the agency’s existing policy apply to all corporate criminal matters handled by the Justice Department’s criminal division, Assistant Attorney General Kenneth…
