By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) – The Japanese yen fell to a nine-year low against the euro on Friday after the Bank of Japan (BOJ) left its ultra-easy monetary policy unchanged even as it scrapped a pledge to keep interest rates low. The euro briefly rose to its highest level against the…
(Reuters) – The Bank of Japan (BOJ) on Friday kept ultra-low interest rates, but announced a broad review of its monetary policy, laying the groundwork for new Governor Kazuo Ueda to phase out his predecessor’s massive stimulus programme. As widely expected, the BOJ made no changes to its yield curve control (YCC) policy that sets…
By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz struck a slightly more optimistic tone alongside its first quarter results on Friday, saying demand in China and the United States was showing signs of picking up as markets recover from inflationary and supply chain shocks. Demand in Europe was still sluggish, but the German automaker expects that to…
By Sharon Bernstein (Reuters) – The states of Vermont and Washington took steps on Thursday to protect the availability of medication abortions in the event that a lawsuit challenging federal approval for a commonly used abortion drug prevails in court. A series of bills were either passed or signed in the two states days after…
STOCKHOLM (Reuters) – Euro zone bank regulators should consider tweaking a raft of rules, from how much cash banks should hold to how failing institutions are resolved, in order to protect the financial system, two leading European Central Bank policymakers said. The 20-nation currency bloc’s lenders fared well in last month’s banking turmoil but some…
By Simon Jessop and Tommy Wilkes LONDON (Reuters) – Standard Chartered Plc said on Friday it has changed its target for curbing carbon emissions associated with its loans to oil and gas companies, ditching a methodology that critics say allows climate-damaging emissions to rise. The Asia, Africa and Middle East-focused bank had previously set a…
By Steve Holland and Kanishka Singh WASHINGTON (Reuters) -Former U.S. Vice President Mike Pence appeared before a grand jury investigating former President Donald Trump’s role in efforts to overturn the 2020 election, a source familiar with the matter told Reuters on Thursday. Pence was inside U.S. District Court in Washington for more than seven hours,…
By Iain Withers and Lawrence White LONDON (Reuters) -British bank NatWest posted better than expected profit for the first three months of 2023 as income soared 37%, even as inflation hammered households and fierce pricing competition squeezed the bank’s customer deposits. NatWest reported pretax profit of 1.8 billion pounds ($2.25 billion) for the first quarter,…
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Sudan’s eruption into conflict has left international consumer goods makers racing to shore up supplies of gum arabic, one of the country’s most sought-after products and a key ingredient in everything from fizzy drinks to candy and cosmetics. About 70% of the world’s supply of…
By Alessandro Parodi and Alberto Chiumento (Reuters) – Marilyn Nabor, an experienced high school mathematics teacher in the Philippines, moved to Italy 14 years ago with high hopes of honing her craft in the country of Galileo and Fibonacci. Now aged 49, she works as a housekeeper in Rome, counting cobwebs and crockery, and has…
