TOKYO (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday but took steps to make its yield curve control policy more flexible, underscoring a growing concern over the rising side-effects of prolonged monetary easing. At the two-day meeting that ended on Friday, the central bank kept unchanged its short-term interest rate target…
(Reuters) -The U.S. State Department on Thursday ordered non-emergency government personnel and family members to leave Haiti as soon as possible, citing “kidnapping, crime, civil unrest, and poor health care infrastructure.” The State Department said U.S. citizens not working for the government should also leave Haiti as soon as possible “by commercial or other privately available…
(Reuters) -Fox is expected to announce soon that television’s Emmys will be rescheduled to air in January next year due to strikes by writers and actors in the United States, the Los Angeles Times reported on Thursday, citing a person familiar with the plans. The ceremony was originally slated to be telecast on Sept. 18,…
BEIJING (Reuters) -China needs more effective implementation measures such as lower home mortgage rates and down payment ratios for first-time home buyers to help spur home purchases, state media quoted the housing minister as saying, sparking a rally in property shares. Speaking at a recent symposium with property developers and construction firms, Ni Hong, minister…
By Hannah Lang (Reuters) -The U.S. House Financial Services committee on Thursday advanced a bill to establish a federal regulatory framework for stablecoins, a type of cryptocurrency typically pegged to a traditional asset, often the U.S. dollar. The bill would have the U.S. Federal Reserve write requirements for issuing stablecoins while preserving the authority of…
By Jihoon Lee SEOUL (Reuters) – North Korea’s economy shrank for a third consecutive year in 2022, as COVID-19 restrictions and U.N. sanctions continued to weigh on economic activity in the isolated authoritarian state, according to estimates by the South’s central bank. Foreign trade posted a record rebound, however, after drying up during the pandemic…
By Andrea Shalal and Angelo Amante WASHINGTON/ROME (Reuters) -U.S. President Joe Biden and Italian Prime Minister Giorgia Meloni met at the White House on Thursday, vowing to deepen economic ties and strengthen cooperation on challenges posed by China, while skirting differences over LGBTQ rights. Italy’s first woman prime minister came to power last October and…
By Clare Jim HONG KONG (Reuters) -Shares of China Evergrande New Energy Vehicle Group (NEV) plunged on Friday as trading resumed nearly 16 months after the stock was suspended pending the release of financial results. Resumption of trading in the shares is one step forward for its embattled parent China Evergrande Group, whose offshore debt…
By Kylie Madry MEXICO CITY (Reuters) -Mexican distiller Becle, the world’s largest tequila producer, on Thursday posted a 5% drop in second-quarter net profit off the back of decreased volumes and sales in its largest market, the United States and Canada. Net profit fell to 1.33 billion pesos ($77.5 million) from the 1.40 billion pesos…
By Mohi Narayan (Reuters) – China’s demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world’s biggest polluter and a headache for global refiners. The International Energy Agency (IEA) and consultancy Rystad Energy have brought forward…
