TOKYO (Reuters) – The Bank of Japan (BOJ) on Friday kept monetary settings unchanged but revamped its guidance on the future path of policy, and decided to conduct a “broad-perspective” review of its monetary policy. As widely expected, the BOJ kept intact its short-term interest rate target at -0.1% and that for the 10-year bond…
MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea posted a 12% bump in net profit for the first three months of this year, the company said in a statement on Thursday, its earnings boosted by increased consumption trends and price hikes. Alsea, which operates chain outlets including Starbucks, Burger King and Domino’s Pizza, reported a…
TOKYO (Reuters) – The Bank of Japan on Friday projected the country’s core consumer price index (CPI) to rise 1.6% in the fiscal year starting in April 2025, announcing the closely watched forecast for the first time. BOJ watchers have been awaiting the forecast to gauge the central bank’s perception of whether its 2% price…
By Hari Kishan BENGALURU (Reuters) – Persistently high inflation remains the biggest economic concern this year even as most central banks are at or near the end-game for rate rises, according to Reuters polls of economists who also upgraded their 2023 growth forecasts from three months ago. With the global economy performing better than expected…
By Douglas Gillison (Reuters) -Four months before the second-largest bank failure in U.S. history, key banking regulators worried about the dangers large regional lenders posed to financial stability, according to records from an advisory meeting reviewed by Reuters. Officials from the Federal Deposit Insurance Corporation (FDIC) told an advisory panel on bank failures in November…
By Tom Westbrook SINGAPORE (Reuters) -Decades-long foreign bullishness on China’s capital markets is breaking down, investment flows and interviews with fund managers suggest, with a new era of uncertainty fuelled by geopolitical risks and U.S. investors especially wary. There have been ample excuses to buy China as the world’s second biggest economy gathers steam. Post-pandemic…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rallied on Friday as strong corporate earnings helped lift sentiment even as worries over economic weakness lingered, while investors were also waiting on a policy decision from the Bank of Japan. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.94% higher but remained on course to…
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will keep its interest rate unchanged at 3.6% on Tuesday for a second consecutive meeting to assess the impact of past hikes on inflation, according to a Reuters poll of economists who were split on where it would peak. Although inflation eased from 7.8% to 7%…
WASHINGTON (Reuters) – It was take-your-child-to-work day at the White House on Thursday and President Joe Biden leaped fully into the event, taking questions from inquisitive kids at a mock news conference where some revelations were made: Chocolate chip ice cream is his favorite and Top Gun Maverick his preferred movie. Biden, 80, sporting his…
KUALA LUMPUR (Reuters) – The United States lifted a 17-month import ban on products from Malaysian rubber glove maker Smart Glove, saying the company has addressed exploitative labour practices. U.S. Customs and Border Protection (CBP) in November 2021 sanctioned imports from Smart Glove and its group of companies over the alleged use of forced labour…
