By Takahiko Wada and Leika Kihara TOKYO (Reuters) – Core consumer prices in Japan’s capital rose 3.2% in June from a year earlier, exceeding the central bank’s 2% target for the 13th straight month in a sign of broadening inflationary pressure, government data showed on Friday. The data for Tokyo, which is seen as a…
By Leika Kihara TOKYO (Reuters) -Japanese authorities are facing renewed pressure to combat a continued yen fall driven by market expectations that the Bank of Japan will keep interest rates ultra-low, even as other central banks tighten monetary policy to curb inflation. Aside from verbal intervention, Japan’s government has several options to stem what it…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets bring an eventful first half of the year to a close on Friday with investors bracing for a raft of top tier economic data, particularly from China and Japan, and digesting yet another…
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” with good borrowers during times of financial stress, the agencies said in a statement. The statement from the Board of Governors of the Federal Reserve…
By Jose Luis Gonzalez and Steve Gorman TRUTH OR CONSEQUENCES, New Mexico (Reuters) -A three-man crew from Italy soared more than 50 miles (80 km) above the New Mexico desert on Thursday aboard a Virgin Galactic rocket plane, the company’s first flight of paying customers to the edge of space since British billionaire Richard Branson…
By Michael S. Derby (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic reiterated on Thursday his belief that the likely path of inflation will save the central bank from having to raise its short-term rate target again. “We have reached a level of the nominal federal funds rate that should be sufficient to…
PARIS (Reuters) – EDF CEO Luc Remont told managers on Thursday that the state-owned power group’s nuclear activities would be reorganised to overcome recurring problems that cut production last year. An EDF spokesperson told Reuters a reorganisation of the nuclear division had been announced with the aim of ushering in “deep change” so that each…
By Sruthi Shankar and Johann M Cherian (Reuters) -U.S. stock indexes ticked up on Thursday as bank shares rose after major lenders cleared the Federal Reserve’s annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank. Shares of Bank of America, JPMorgan Chase, Goldman Sachs and Wells…
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar index climbed to a two-week high on Thursday after economic data showed the labor market remained on a solid footing, giving the Federal Reserve a possible cushion to continue raising interest rates. Weekly initial jobless claims decreased 26,000 to a seasonally adjusted 239,000, the largest…
(Reuters) -Pot producer Canopy Growth said on Thursday it has completed the sale of its facility in Modesto, California as part of its divestitures to raise funding amid liquidity concerns. The sale, the fifth such deal since April 1, is part of Canopy’s ongoing efforts to improve liquidity by reining in costs through layoffs, exits…
