TOKYO (Reuters) – The Bank of Japan will discuss revising its forward guidance on its future policy path and conduct an examination of its past monetary easing steps, the Nikkei newspaper reported on Friday. The central bank is likely to forgo modifying its yield curve control (YCC) policy at the two-day policy meeting concluding on…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Amidst a deluge of economic indicators across the continent and a screeching U.S. tech sector rally that’s lifting global stock markets, all eyes in Asia will be fixed on one event Friday: the Bank of Japan’s policy meeting….
SAN FRANCISCO (Reuters) – Commercial vehicle maker Daimler Truck on Thursday launched Rizon, a medium-duty electric truck brand for the U.S., aiming to take on the likes of Isuzu Motors Ltd and Toyota Motor Corp’s truck and bus unit Hino Motors Ltd. Truck makers have long anticipated a shift to electric vehicles (EVs) with lower…
SEOUL (Reuters) – The U.S. secretary of commerce and her South Korean counterpart agreed to “minimise uncertainties” of chipmakers’ investments amid new U.S. semiconductor subsidies, Korea’s industry ministry said on Friday. Companies such as Samsung Electronics and SK Hynix, the world’s No. 1 and No. 2 memory chipmakers, are concerned about the criteria for subsidies…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon sent a clear message to employees this month: get back to the office. It touched a nerve among his staff. The largest U.S. lender’s employees inundated an internal messaging forum with criticism after its operating committee posted an…
(Corrects to restore dropped word in first paragraph) SINGAPORE (Reuters) – Singapore’s private property prices rose in the first quarter, official data showed on Friday, slightly higher than the flash estimate, reinforcing a months-long robust demand that has forced authorities to introduce tough new cooling measures. Singapore’s private residential property price index rose 3.3%% in…
TOKYO (Reuters) – Japan will invite some emerging nations to an outreach meeting at the Group of Seven advanced countries Japan chairs next month in the city of Niigata, Finance Minister Shunichi Suzuki said on Friday. The countries whose finance leaders will be invited to attend the outreach meeting include India, Indonesia, South Korea, Singapore…
WASHINGTON (Reuters) – Federal Trade Commission Chair Lina Khan met with the heads of other antitrust enforcers, including Britain’s, last week but no mergers were discussed, according to an FTC official who spoke amid allegations the FTC and UK are working together to block Microsoft’s bid for Activision. On Wednesday, Britain’s Competition and Markets Authority…
SEOUL (Reuters) – South Korea’s factory output jumped in March by the fastest rate in nearly three years and beat economists’ expectations, official data showed on Friday. The country’s industrial output grew 5.1% in March from a month before, on a seasonally adjusted basis, after a 2.7% fall in February. It was the fastest monthly…
By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Core consumer inflation in Japan’s capital beat expectations in April and an index stripping away fuel costs rose at the fastest pace in four decades, highlighting the challenge the new central bank chief faces in keeping ultra-low interest rates. The data comes hours before the Bank of…
