By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will patiently maintain its ultra-loose monetary as there is some distance to sustainably achieve its 2% inflation target, downplaying expectations for a policy change in the near-term. “We expect inflation to quite clearly slow below…
(Reuters) – Qantas Airways on Tuesday forecast its international divisions to be twice as profitable in the post-COVID era on strong recovery in tourism, with earnings at domestic and loyalty divisions also projected to improve. International margins at Australia’s flagship carrier are forecast to grow to more than 8% in fiscal 2024, with its long-haul…
By Byron Kaye SYDNEY (Reuters) – Australian special forces soldier Ben Roberts-Smith was lauded as a hero and awarded Australia’s highest military honour for “conspicuous gallantry” during a 2010 attack on two Taliban machine-gun posts during his fifth tour of Afghanistan. But according to three newspapers, backed by accounts of other soldiers who said they…
By Nicoco Chan and Ellen Zhang SHANGHAI/BEIJING (Reuters) – Wang Chunxiang pushes a cart around busy areas of Shanghai, playing cat and mouse with the authorities as she tries to sell pastries. The jobs she could get do not pay enough for her to make ends meet. “Salaries are too low,” said the 43-year-old, after…
SEOUL (Reuters) – South Korea will cut tariffs from June on higher priced edible products, including pork and sugar, to help ease people’s living costs, the finance ministry said on Tuesday. The tariffs on seven food items will be lowered to 0% from as high as 10% currently, in response to short-term supply shortages, the…
TOKYO (Reuters) -Mitsubishi Motors Corp will extend a suspension of its production in China beyond May, the Yomiuri newspaper reported on Tuesday, highlighting struggles the Japanese car maker faces in the world’s largest auto market. Mitsubishi Motors is discussing when to resume production in China with its local partner, a company spokesperson said, adding that…
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki on Tuesday said he must guide fiscal policy based on common international understanding as global economic and financial situations change greatly. Suzuki told reporters the finance minister’s advisory panel argued on Monday that economic fundamentals that have backed the yen’s credibility are no longer considered absolute and…
TOKYO (Reuters) – Japan’s jobless rate fell to 2.6% in April from 2.8% in the previous month, government data showed on Tuesday. The seasonally adjusted unemployment rate was below economists’ median forecast of 2.7% in a Reuters poll. The jobs-to-applicants ratio stood at 1.32, unchanged from March, labour ministry data showed. For a table on…
(Reuters) – Serbian President Aleksandar Vucic will meet on Tuesday with the ambassadors of the United States, Russia, China, Britain and the head of the European Union mission, the president’s office said late on Monday, after new clashes erupted in northern Kosovo. Vucic put the army on the highest level of combat alert after around…
(Reuters) – Armenia and Azerbaijan hurled fresh accusations at each other two days before new talks aimed at clinching a peace accord to resolve decades of disputes over the territory of Nagorno-Karabakh. The ex-Soviet states have fought two wars over the region, recognised as part of Azerbaijan but populated mainly by ethnic Armenians. Azerbaijan recaptured…
