By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s Finance Minister Shunichi Suzuki kept up verbal warnings on Tuesday against the yen’s depreciation, saying he would respond appropriately if currency moves became excessive. Suzuki’s latest warning shot came as the dollar traded at 143.43 yen, down 0.06% from late U.S. levels. Japanese officials have sounded the alarm…
A look at the day ahead in European and global markets from Vidya Ranganathan. The U.S. dollar’s protracted smile is making China and Japan uncomfortable. China, unencumbered as it is by global pacts and commitments on market rates, has reacted swiftly this week. State banks have sold dollars to slow the yuan’s decline, and the…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors are watching a large hedged-equity fund’s quarterly refresh of its options positions and quarter-end rebalancing by portfolio managers to potentially influence U.S. stock moves as the first half of the year winds down this week. The nearly $16 billion JPMorgan Hedged Equity Fund, which holds a basket…
By Selena Li HONG KONG (Reuters) -China’s new offshore listing rules for domestic companies have left bankers and lawyers who work on listings unsure how to take on liabilities and avoid breaching tightened confidentiality rules, Asia’s largest financial lobby group said on Tuesday. China’s long-awaited rules for offshore stock exchange listings came into effect on…
By Vivek Mishra and Anant Chandak BENGALURU (Reuters) – India’s current account balance likely turned positive in January-March, marking the first quarterly surplus in nearly two years thanks to a narrower trade deficit and an increase in services exports, a Reuters poll found. The latest survey of 22 economists showed the current account balance likely…
(Reuters) -Starbucks plans to issue “clearer” centralized guidelines for in-store visual displays following a union’s allegations that managers banned Pride-themed decor, the coffee chain said in an internal memo to employees. “We intend to issue clearer centralized guidelines… for in-store visual displays and decorations that will continue to represent inclusivity and our brand,” Starbucks North…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Snowflake a cloud data analytics company, is partnering with computing company Nvidia to allow customers ranging from financial institutions to healthcare and retail to build AI models using their own data. The two companies announced the partnership at Snowflake Summit 2023 on Monday. “In the old days,…
By Muyu Xu and Emily Chow KUALA LUMPUR (Reuters) -Saudi Aramco believes market fundamentals remain “sound” for the second half as demand from emerging markets led by China and India will offset recession risk in developed markets, CEO Amin Nasser told an industry gathering on Monday. But other executives at the Energy Asia conference in…
By Melanie Burton BRISBANE (Reuters) -Australia’s critical minerals strategy does not need the sugar hit of more subsidies as good projects will find investment, but the country needs to hasten mine development timeframes and rework new workplace legislation, BHP’s CEO said on Tuesday. BHP CEO Mike Henry’s comments came a week after Australia, one of…
By Brendan Pierson (Reuters) – A California man suing Johnson & Johnson told jurors on Monday how his life was upended by a cancer diagnosis that he blames on using the company’s baby powder since childhood, as the first trial over the product in nearly two years neared its end. “I just turned into a…
