By Wayne Cole SYDNEY (Reuters) – Asian shares edged higher on Monday as investors waited nervously to see whether the Bank of Japan (BOJ) would defend its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. There were rumours the BOJ might hold an emergency…
By Leika Kihara TOKYO (Reuters) -Japan’s annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday, adding to recent growing signs of inflationary pressure that could force the central bank to raise interest rates soon. The 10.2% year-on-year rise in the corporate goods price index (CGPI), which measures the price companies…
By Wayne Cole SYDNEY (Reuters) – Asian shares started cautiously on Monday as investors waited nervously to see if the Bank of Japan (BOJ) will defend its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. There were even rumours the BOJ might hold an…
WASHINGTON (Reuters) – A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report. Tne IMF said even limited fragmentation…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Fourth-quarter GDP growth tops a list of key Chinese indicators, while interest rate decisions from Indonesia and Malaysia will be pored over by investors. But the biggest event this week will be the Bank of Japan’s monetary policy…
(Reuters) – Germany’s attractiveness as an investment location has fallen four places to 18th of 21 in a ranking of industrial economies by economic research institute ZEW, newspaper Augsburger Allgemeine reported on Monday. Rising energy costs and ongoing labour shortages have compounded existing problems of high taxes, complex bureaucracy and slow pace of innovation, the…
By Maha El Dahan DAVOS, Switzerland (Reuters) – Climate activists protested in Davos on Sunday against the role of big oil firms at this week’s World Economic Forum (WEF), saying they were hijacking the climate debate. Major energy firms including BP, Chevron and Saudi Aramco are among the 1,500 business leaders gathering for the annual…
LIMA (Reuters) – Peru’s economy expanded 1.68% in November compared with the same month a year before, the national statistics institute (INEI) said on Sunday, marking a slight slowdown from the year-on-year rise of 2.01% in October. Various sectors in the world’s no. 2 copper producer drove growth in November, including mining, agriculture, power utilities,…
By Tatiana Bautzer SAO PAULO (Reuters) – Brazilian bank Banco BTG Pactual SA has appealed a court injunction that protected billionaire-backed retailer Americanas from creditors on Friday, documents seen by Reuters show. In an appeal filed on Saturday, BTG lawyers argue the court injunction orders illegaly the reversal of a payment made by Americanas to…
DUBAI (Reuters) – Saudi Arabia’s annual inflation rate ticked up to 3.3% in December from 2.9% in November, government data showed on Sunday, with price rises again driven mainly by housing costs. Prices rose 0.3% month on month in December, compared with a 0.1% monthly rise in November, Saudi Arabia’s General Authority for Statistics said….
