TOKYO (Reuters) – The Bank of Japan maintained its massive stimulus on Friday and warned of “very high uncertainty” over the economic fallout from the Ukraine crisis, signalling its resolve to keep monetary policy ultra-loose for the time being. As widely expected, the central bank kept unchanged its short-term interest rate target at -0.1% and…
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar headed for its first down week in six versus major peers on Friday, languishing near a one-week low, as investors continued to assess the impact of the start of the Federal Reserve rate increase cycle this week. The safe-haven greenback also lost traction – while the…
By Tom Westbrook SINGAPORE (Reuters) – Stockmarkets took a breather on Friday after several days of sizeable gains, while commodities were set on edge by the lack of progress in Russia-Ukraine peace negotiations. Oil rose sharply and back over $100 overnight and Brent crude futures were up another 2% to $108.73 in early trade. [O/R]…
By Kentaro Sugiyama and Daniel Leussink TOKYO (Reuters) – The Bank of Japan’s next governor must be someone who can steer the central bank toward an exit from ultra-easy monetary policy, Kenta Izumi, head of the country’s biggest opposition party, said on Thursday. Izumi, president of the left-leaning Constitutional Democratic Party of Japan (CDPJ), also…
By Bernadette Christina JAKARTA (Reuters) – Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts to control domestic cooking oil prices after previous measures failed to tackle the problem. The world’s biggest exporter of the edible oil a day earlier announced a surprised policy…
By Sabrina Valle HOUSTON (Reuters) -Occidental Petroleum Corp on Thursday said it agreed to sell emissions-offsetting carbon credits to jet-maker Airbus under a deal that advances the U.S. oil producer’s budding energy transition business. The four-year agreement sets the stage for Occidental to go ahead on an investment decision for what would be the world’s…
By Peter Frontini SAO PAULO (Reuters) – Brazilian stock exchange operator B3 reported on Thursday its recurring net profit for the fourth quarter grew by 6.0%, but was slightly below analysts’ estimates. The company posted recurring net profit of 1.23 billion reais ($244.05 million), compared with the market consensus, compiled by Refinitiv, of 1.27 billion…
By Lisa Baertlein and Aishwarya Nair (Reuters) -U.S. delivery firm FedEx Corp posted lower-than-expected quarterly earnings on Thursday, hit by ongoing labor woes and the Omicron outbreak, and said second-half Ground margins will miss internal targets. Shares of FedEx fell 3.5% to $219.90 in extended trading. E-commerce shipments fueled revenue at FedEx and United Parcel…
(Reuters) – S&P on Thursday lowered Russia’s rating to ‘CC’ from ‘CCC-‘, as the country reported difficulties meeting debt payments due on its dollar-denominated 2023 and 2043 Eurobonds. Russia’s payment difficulties stem from international sanctions that reduced its available foreign exchange reserves and restricted its access to the global financial system, markets and infrastructure, the…
(Reuters) – Germany’s Deutsche Bank AG said on Thursday its U.S. affiliate had increased its prime lending rate by 25 basis points, mirroring moves by major Wall Street banks after the Federal Reserve announced the first of what is expected to be a series of rate hikes. The Deutsche Bank Trust Company Americas (DBTCA) increased…
