By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said changing the central bank’s policy target to the five-year bond yield, from the current 10-year zone, would be among options if it were to modify its yield curve control (YCC) policy in the future. With falling raw material costs likely to slow inflation…
(Reuters) – U.S. Commerce Secretary Gina Raimondo raised concerns about Chinese actions against U.S. firms operating in China with Chinese Minister of Commerce Wang Wentao during a meeting on Thursday in Washington, according to a U.S. readout. “The two had candid and substantive discussions on issues relating to the U.S.-China commercial relationship, including the overall…
(Reuters) – Fitch has placed the ratings of U.S. mortgage finance giants Fannie Mae and Freddie Mac on watch for a possible downgrade as U.S. lawmakers’ negotiations to raise the government’s debt ceiling dragged on without a resolution. This comes after the ratings agency on Wednesday had warned that the U.S. credit rating could be…
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker’s stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in U.S. debt ceiling talks. Nvidia Corp soared 24% to a record high close after…
By David Lawder DETROIT (Reuters) – U.S. Trade Representative Katherine Tai on Thursday called on Asia Pacific Economic Cooperation (APEC) trade ministers to “think creatively” for solutions to overcome a host of challenges from fragile supply chains, a worsening climate crisis and growing inequality. Launching a two-day meeting of the ministers under a cloud of…
SYDNEY (Reuters) – Consumer confidence in New Zealand was flat in May compared with the prior month and remained very subdued as consumers remained under pressure amid high inflationary pressures, ANZ-Roy Morgan data showed on Friday. The consumer confidence index slightly fell to 79.2 in May from April’s 79.3. A reading above 100 shows optimism,…
By John McCrank, Laura Matthews and Michelle Price WASHINGTON (Reuters) – Clearing houses and their members are working out how to treat certain U.S. Treasury bills and bonds commonly used as collateral, as the United States nears a deadline that could see it default on its debt, according to four industry sources. U.S. President Joe…
BRASILIA (Reuters) -Brazilian central bank chief Roberto Campos Neto said on Thursday that a fiscal framework bill approved a day earlier by the country’s lower house has had a positive impact on inflation forecasts and long-term interest rates. Brazil’s lower house passed the bill on Wednesday and sent it to the Senate, a major victory…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks could be poised to end a volatile and dramatic week on a strong note on Friday, especially tech, lifted by the Nasdaq’s best day in three weeks on Thursday and hope that U.S. lawmakers are close…
HAVANA (Reuters) – There is no quick fix for Cuba’s sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag on output and continue to fan discontent in the communist-run island nation. Economy Minister Alejandro Gil, in an hour-long presentation before newly elected lawmakers, said…
