By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda said the central bank is unwavering in its stance of patiently maintaining ultra-loose monetary policy, reassuring markets Japan will be a dovish outlier as its global peers combat stubbornly high inflation. The recent rise in Japanese inflation above the BOJ’s 2% target is…
(Reuters) – Montana took the unusual step on Wednesday of banning Chinese-owned short video app TikTok, with lawmakers of the sparsely populated western U.S. state saying they aimed to protect residents from alleged intelligence gathering by China. TikTok, which is wildly popular with American teens and owned by Chinese tech company ByteDance, is already banned…
By Joe Cash and Brenda Goh BEIJING (Reuters) – Global drugmaker AstraZeneca will seek to be a patriotic company in China that “loves the Communist Party”, its China president said at an event on Friday. Wang Lei, who is also the company’s global executive vice president, made the comments at an event in the eastern…
(Reuters) – The Hong Kong Stock Exchange said on Friday it would launch the new dual counter trading model on June 19, wherein investors would be able to begin interchanging securities listed in both Hong Kong dollar and renminbi counters. The bourse operator had late last year disclosed plans to amend the existing model of…
HIROSHIMA, Japan (Reuters) – Group of Seven (G7) leaders on Friday said they had ensured that Ukraine had the budget support it needs for this year and early 2024 as they renewed their commitment to provide financial and military support in its fight against Russia. “Today we are taking new steps to ensure that Russia’s…
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) -Australia’s Westpac Banking Corp said it will refinance loans for some borrowers who don’t meet an industry standard that assesses their ability to repay, putting pressure on the bank regulator to relax guidelines after a year of interest rate hikes. The country’s No. 2 mortgage provider has…
(Reuters) – A French government plane is taking Ukrainian President Volodymyr Zelenskiy to the Arab League Summit in Saudi Arabia and will later take him to the G7 leaders’ summit in the Japanese city of Hiroshima, a source familiar with the matter told Reuters. Zelenskiy will attend the Arab League summit later on Friday, the…
By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand’s progressive Move Forward party on Friday said potential coalition partners need not support its controversial stance on amending the royal insult law, as it seeks to win the backing of other parties to form a government. Move Forward, led by Pita Limjaroenrat, won the most…
By Leika Kihara TOKYO (Reuters) – As inflation has run past the Bank of Japan’s 2% target, governor Kazuo Ueda has had no shortage of advice from fellow academics on how best to communicate the future path of monetary policy including a possible exit from its massive stimulus. The proposals include call for the BOJ…
By Andreas Rinke HIROSHIMA, Japan (Reuters) – The Group of Seven (G7) rich nations should work together to access technology and secure sources of critical minerals for a green transition, creating additional manufacturing capacity rather than competition, a top European diplomat said on Friday. The G7 is accelerating its push towards greener technologies after Russia’s…
