By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) will likely raise its inflation forecasts next week and debate whether further steps are needed to address market distortions it sought to fix with December’s surprise tweak to its yield control policy, sources say. The BOJ’s decision last month to widen the band around…
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 78% rise in fourth-quarter net profit on Thursday, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc supplier, saw net profit for October-December…
By Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia on Thursday called on countries producing palm oil to strengthen cooperation following new European Union (EU) legislation aimed at reducing the use of palm oil-based fuels. The EU is a key palm oil importer but demand is expected to fall significantly within the next 10 years…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s current account surplus logged a surprising surge to mark a record for November, as weakness in the yen drove income gains from portfolio investment and direct investment overseas to their highest level for the month. The surplus came in at 1.8 trillion yen ($13.7 billion), more than three times…
By Valentine Hilaire (Reuters) -The 10-day limit set by Panama’s government last month for Canadian miner First Quantum to offer a plan to shut down its copper mine amid a contentious contract dispute has not yet started, the country’s commerce minister said on Wednesday. The order to pause operations at the massive Cobre Panama mine…
By Saeed Azhar, Sinead Cruise and Selena Li NEW YORK/LONDON/HONG KONG (Reuters) -Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source familiar with the matter said. The long-expected jobs cull at the Wall…
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador, which became the first country in the world to recognize bitcoin as a legal tender two years ago, approved on Wednesday a law that would regulate the issuance of other digital assets by both the state and private entities. The bill, backed by ruling party lawmakers…
By David Shepardson, Rajesh Kumar Singh and Abhijith Ganapavaram WASHINGTON/CHICAGO (Reuters) -The U.S. aviation sector was struggling to return to normal on Wednesday following a nationwide ground stop imposed by the Federal Aviation Administration (FAA) over a computer issue that forced a 90-minute halt to all U.S. departing flights. More than 8,775 flights have been…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. U.S. inflation will set off the global market fireworks on Thursday and beyond, but there are a couple of other potential rockets that could spark Asian markets into life before that – Chinese and Indian inflation data. China,…
(Reuters) – Twitter Inc said on Wednesday that there was no evidence that data recently being sold online was obtained by exploiting a vulnerability in the company’s systems. Twitter said the data of 5.4 million of the accounts had been compromised by a bug it discovered early last year, which it previously fixed and disclosed…
