By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) has tweaked its bond yield control policy and will allow interest rates to rise more freely, action that market participants have interpreted as the start of a slow shift away from decades of massive monetary stimulus. Since 2016, the BOJ has guided short-term interest…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asian share markets are looking to end July with a bang as hopes for new policy steps have Chinese blue chips up 4.8% for the month and on track for their best performance since January. China’s July PMIs were…
By Ahmad Ghaddar, Arathy Somasekhar and Trixie Yap LONDON/HOUSTON/SINGAPORE (Reuters) – Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected to rise in coming months. JP Morgan analysts said this month that oil inventories…
BEIJING (Reuters) – China’s State Council on Monday issued measures to restore and expand consumption in the automobile, real estate and services sector, aiming to give full play to the “fundamental role” of consumption in economic development. The State Council said in a document the government will improve the infrastructure for charging to promote more…
By Leika Kihara TOKYO (Reuters) – Some Bank of Japan (BOJ) policymakers baulked at former chief Haruhiko Kuroda’s idea of deploying a “bazooka” massive stimulus a decade ago, unconvinced central banks had the power to jolt public perceptions, accounts of the meeting released on Monday showed. The 2013 deliberation underscores a challenge central banks around…
BEIJING (Reuters) – China’s biggest cities including Beijing and Shenzhen said over the weekend they would implement measures to better meet the needs of homebuyers, without giving details, aiming to prop up a property sector that is seeing few signs of recovery. This comes after top leaders at a Politburo meeting pledged this month to…
TOKYO (Reuters) – Japanese factory output improved in June for the first time in two months, government data showed on Monday, highlighting growing confidence among manufacturers buoyed by strong demand. Many countries, including Japan, are relying on domestic consumption to underpin growth while the risk of global recession persists. Output rose 2.0% in June from…
By Nicholas P. Brown (Reuters) – A giant, glowing X marks the San Francisco spot where Elon Musk says he plans to keep his company, the messaging platform X, formerly known as Twitter. But city officials and some residents are unhappy with the display. On Friday, the company erected an “X” logo on the roof…
By Sinead Cruise, Lucy Raitano and Lewis Jackson LONDON/SYDNEY (Reuters) – Commercial real estate investors and lenders are slowly confronting an ugly question – if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar? Rising interest…
(Reuters) – A senior Ukrainian official reported heavy fighting in the northeast of the country on Sunday, with Kyiv’s forces holding their lines and making gains in some areas. Russia’s military said it had halted Ukrainian forces in the northeast. The military also said it brought down down three Ukrainian drones which had tried to…
