By Leika Kihara TOKYO (Reuters) – Japan’s Economy Minister Ryosei Akazawa said on Tuesday the government will work closely with the Bank of Japan (BOJ) in reaching its 2% inflation target as rising living costs hurt households. The government and central bank are striving to achieve the inflation goal in a stable manner and have…
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal is exploring the construction of a pipeline to move liquefied petroleum gas (LPG) across the trade passage, canal administrator Ricuarte Vasquez said on Monday, with Japan seen as a top potential client for gas coming from the U.S. WHY IT’S IMPORTANT The canal, one of…
By Brendan Pierson (Reuters) -A federal judge on Monday declined to order President Donald Trump’s administration to restore thousands of foreign aid contracts and grants that have been canceled since the president took office, though he found that the administration must speed up payments of close to $2 billion for already completed work. The ruling…
TOKYO (Reuters) -Japan’s Seven & i Holdings said on Monday that talks have begun with Canada’s Alimentation Couche-Tard (ACT) over a store sale plan that would set the stage for ACT’s $47 billion takeover bid. Last week, the 7-Eleven convenience store operator named Stephen Dacus as its new CEO to lead a recovery and respond…
By Ju-min Park SEOUL (Reuters) – Police will be out in force, and subway stations and at least one school will be closed over safety concerns when South Korea’s Constitutional Court rules whether to oust or reinstate impeached President Yoon Suk Yeol. Yoon’s political fate hangs in the balance after his short-lived martial law decree…
By Jack Kim SEOUL (Reuters) – South Korean prosecutors will pursue President Yoon Suk Yeol’s conviction for insurrection despite a court decision ordering the release of the impeached leader from prison, the head of the prosecutors’ office said on Monday. Prosecutor General Shim Woo-jung said he respected the weekend court ruling but did not agree…
By Ankur Banerjee SINGAPORE (Reuters) – The dollar began Monday on a weak note after significant losses last week due to a potentially weakening U.S. labour market, while concerns over a global trade war led investors to safe havens, lifting the yen and the Swiss franc. Markets have been fixated on simmering trade tensions across…
By Portia Crowe (Reuters) – Barrick Gold remains “fully engaged and committed to reaching a mutually beneficial resolution” with Mali to end a dispute over its assets there, its chief operating officer for Africa and the Middle East said in a memo seen by Reuters on Saturday. The Canadian miner and Malian government have been…
By Bo Erickson and Jonathan Allen WASHINGTON (Reuters) – Columbia University’s interim president said the school is working to address the “legitimate concerns” of U.S. President Donald Trump’s administration after $400 million of federal government grants and contracts to the university were canceled over allegations of antisemitism on campus. In an announcement on Friday, the government…
By Joshua McElwee VATICAN CITY (Reuters) -Pope Francis is showing a “good response” to his treatment in hospital for double pneumonia and his overall condition is gradually improving, the Vatican said on Saturday. Francis, 88, has been in Rome’s Gemelli hospital for more than three weeks with a severe respiratory infection that has required continuously…