By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that U.S. inflation was coming down but there was still more work to do to bring it in line with the Federal Reserve’s 2% annual target. Yellen also told reporters on the sidelines of a G20 finance ministers and central bank…
By Harish Sridharan (Reuters) -Australian logistics company Brambles Ltd raised its annual earnings outlook on Friday as it offset cost pressures with product price hikes, sending its shares 7.5% higher in their best session in over nine months. The Sydney-based firm, which owns and rents crates and pallets globally to retailers and consumer goods companies,…
A look at the day ahead in European and global markets from Tom Westbrook Kazuo Ueda, who takes over as Bank of Japan governor in April, does not give the impression of a man in a hurry. His surprise nomination for the job sent markets into a tizz a couple of weeks back as investors…
SHANGHAI (Reuters) -Nio plans to build its first battery plant to produce big cylindrical cells similar to those used by Tesla, two people familiar with the matter said, as the Chinese EV maker seeks to cut its reliance on CATL for supplies. The plant underscores Nio’s ambition to ramp up its presence in the electric…
By David Shepardson and Valerie Insinna WASHINGTON (Reuters) -Boeing Co has temporarily halted deliveries of its 787 Dreamliner jets as the U.S. planemaker conducts additional analysis on a fuselage component, the Federal Aviation Administration (FAA) said on Thursday. Deliveries will not resume until the FAA is satisfied that the issue has been addressed, the agency said….
By Stella Qiu SYDNEY (Reuters) – Asian markets breathed a sigh of relief on Friday as the incoming head of Japan’s central bank soothed fears of an early end to super-easy monetary policy, nudging bond yields lower globally. Kazuo Ueda, who will take over as governor of the Bank of Japan (BOJ) in April, began…
(Reuters) – Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Friday it was appropriate to maintain ultra-loose monetary policy as inflation has yet to sustainably and steadily meet the central bank’s 2% target. COMMENTARY: SEAN CALLOW, SENIOR CURRENCY STRATEGIST AT WESTPAC, SYDNEY “The skittishness of USD/JPY seems indicative of how scarred investors remain…
By David Lawder BENGALURU (Reuters) – Global finance leaders will tally the economic damage from Russia’s war in Ukraine on Friday as they meet on the conflict’s first anniversary with some voicing concerns that more sanctions on Moscow would disrupt a modest improvement in growth. The meeting of G20 finance ministers and central bank governors…
By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) – Japan’s core consumer inflation hit a fresh 41-year high in January as companies passed on higher costs to households, data showed on Friday, keeping the central bank under pressure to phase out its massive stimulus programme. The data underscores the dilemma policymakers face as soaring fuel…
By Mike Scarcella (Reuters) – U.S. Justice Department lawyers say that Alphabet Inc’s Google destroyed internal corporate communications and have asked a federal judge to sanction the company as part of the government’s antitrust case over its search business. The DOJ asserted in a court filing unsealed in a Washington, D.C., federal court on Thursday…
