By Joice Alves and Rae Wee LONDON/SINGAPORE (Reuters) – The yen fell to a new 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept ultra-low interest rates and forecast that inflation will slow later this year in contrast with the European Central Bank’s (ECB) rate hike on Thursday. As widely…
By Fanny Potkin and Panu Wongcha-um SINGAPORE/BANGKOK (Reuters) -Southeast Asian countries are drawing up governance and ethics guidelines for artificial intelligence (AI) that will impose “guardrails” on the booming technology, five officials with direct knowledge of the matter told Reuters. Regulators across the world are rushing to draft regulations to govern the use of generative AI,…
(Reuters) -Major global investment banks lifted their terminal rate forecast for the European Central Bank to 4% in September, after the ECB raised borrowing costs and indicated further hikes. J.P.Morgan, Goldman Sachs, BNP Paribas, Unicredit and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points…
(Reuters) – The Bank of Japan (BOJ) maintained ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global central banks and focus on supporting a fragile economic recovery. Following are excerpts from BOJ Governor Kazuo Ueda’s comments at his post-meeting news conference, which was conducted in Japanese, as…
(Reuters) – European shares opened higher on Friday as gains were led by defensive healthcare stocks at the end of a week dominated by major central bank policy decisions. The continent-wide European STOXX 600 index rose 0.2% at 0717 GMT, with the healthcare index up 0.5%. The STOXX 600 had ended Thursday lower after the…
By Tim Kelly, Sakura Murakami and Yukiko Toyoda TOKYO (Reuters) -Japan is preparing military aid for the Philippines to help secure sea approaches and safeguard Taiwan’s western flank, officials say, deepening security ties that could bring Japanese forces back there for the first time since World War Two. As it steps back from decades of…
By Jan Strupczewski BRUSSELS (Reuters) – The European Central Bank should continue to raise rates to bring down inflation and euro zone governments should slash budget deficits to help it, and to create fiscal breathing space for later, the International Monetary Fund said on Friday. In a regular review of the economy of the 20…
By Jan Schwartz and Victoria Waldersee (Reuters) – Volkswagen will face investors hungry for answers at its capital markets day next Wednesday on how it will achieve high cost-cutting targets and whether it will heed their calls for an independent audit of its co-owned Xinjiang plant. Pressure is high after a turbulent shareholder meeting in…
(Reuters) – Japan’s Nikkei notched a fresh three-decade high and its 10th consecutive weekly gain on Friday, as investors cheered the central bank leaving its ultra-easy policy settings unchanged. The Bank of Japan (BOJ) kept intact its pledge to “patiently” maintain massive stimulus. The Nikkei closed 0.7% higher at 33,706, having touched a 33-year high…
By Vitalii Hnidyi SOUTHEASTERN UKRAINE (Reuters) – Russia announced plans on Thursday to stage elections in occupied parts of Ukraine in just three months, Moscow’s latest bid to signal it is in control even as a Ukrainian counteroffensive has pushed its forces back in some areas. The Ukrainian assault is in its early stages, and…
