By Rocky Swift TOKYO (Reuters) – More than half of big Japanese companies are planning to raise wages this year, according to a Reuters monthly poll, meeting a key request from Prime Minister Fumio Kishida to help workers cope with surging consumer prices. Kishida’s administration has repeatedly urged companies to make maximum efforts to lift…
By Rocky Swift TOKYO (Reuters) – More than half of big Japanese companies are planning to raise wages this year, according to a Reuters monthly poll, meeting a key request from Prime Minister Fumio Kishida to help workers cope with surging consumer prices. Kishida’s administration has repeatedly urged companies to make maximum efforts to lift…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s export growth slowed sharply in December as China-bound shipments fell for the first time in seven months, stoking fears of further slowdown in the global economy and external demand for Japanese shipments. Exports rose 11.5% year-on-year in December after a 20% gain in November, marking the slowest growth…
By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) – The Bank of Japan (BOJ) may raise a cap set around its 10-year bond yield target to 0.75% or double it to 1.0% by around mid-year if inflation overshoots its expectations, Columbia University academic Takatoshi Ito said on Thursday. Any such move would not happen at…
By Rae Wee SINGAPORE (Reuters) – The dollar rose broadly on Thursday as growth concerns about the U.S. economy drove demand for the safe-haven greenback, while the yen renewed its ascent as investors doubled down on bets that the Bank of Japan would shift away from its yield curve control policy. Weak U.S. data released…
By Michael S. Derby NEW YORK (Reuters) -Philadelphia Federal Reserve President Patrick Harker reiterated on Wednesday that he is ready for the U.S. central bank to move to a slower pace of interest rate rises amid some signs that hot inflation is cooling. “High inflation is a scourge, leading to economic inefficiencies and hurting Americans…
By Sinéad Carew and Shreyashi Sanyal (Reuters) – The S&P 500 and the Dow lost almost 2% on Wednesday, their biggest daily drops in more than a month, after weak economic data fueled recession worries while hawkish comments from Federal Reserve officials soured investor moods further. Before the market opened, U.S. economic data showed retail…
(Reuters) – Bed Bath & Beyond Inc is in talks with prospective buyers and lenders as the struggling retailer tries to keep its business afloat during a likely bankruptcy filing, CNBC reported on Wednesday, citing people familiar with the matter. (Reporting by Deborah Sophia in Bengaluru; Editing by Devika Syamnath)
By Tom Hals and Jody Godoy (Reuters) – As Elon Musk prepares to take the stand at a trial to determine whether he misled investors about taking Tesla Inc private in 2018, the billionaire can expect his tweets, public comments and his thin skin to be used against him, legal experts said. Tesla shareholders want…
By Jody Godoy SAN FRANCISCO (Reuters) -Tesla Inc CEO Elon Musk “lied” when he said that funding was “secured” to take the company private, a lawyer for Tesla investors said on Wednesday, as an attorney for Musk argued that the billionaire merely used the “wrong words” when he tweeted about his plans in 2018. Tesla…
