Japan’s top financial diplomat signals chance of BOJ policy tweaks

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s top financial diplomat on Friday suggested the central bank may tweak its approach to monetary stimulus at its next policy meeting, due to “signs of changes” in corporate behaviour on wage growth and price rises. In rare remarks on monetary policy, Masato Kanda, vice finance minister for international…

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AutoNation’s quarterly revenue beats estimates on demand for new vehicles, services

By Nathan Gomes and Joseph White (Reuters) -U.S. auto retailer AutoNation on Friday posted better-than-expected second-quarter revenue, as demand for new vehicles and aftermarket services offset the impact of a decline in used-vehicle sales. Demand for used vehicles, which accelerated during the pandemic, has taken a hit after automakers started to ramp up production as…

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Analysis-Chile’s battered leftist leader Boric grapples with thorny tax reform

By Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chilean President Gabriel Boric is struggling to replicate the success of other Latin American leftist leaders in reforming tax codes after vowing as a candidate in 2021 to undertake a restructuring of his country’s free-market system. Propelled into office by a popular revolt over the shortcomings of…

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Exclusive-Taiwan probes alleged leak of classified reports, diplomatic cables

By Yimou Lee TAIPEI (Reuters) -Taiwan is investigating a possible leak of official documents including diplomatic cables and classified reports on the island’s sensitive bid to join a global trade pact, according to two officials familiar with the probe. One official said initial findings showed some parts of the documents, posted on online message board…

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Turkey policy moves are steps in right direction – EBRD official

By Nevzat Devranoglu and Zeynep Berkem ANKARA (Reuters) – Turkey’s latest monetary and fiscal moves are steps in the right direction, though regaining credibility in economic policy remains a challenge, a European Bank for Reconstruction and Development (EBRD) executive said on Friday. Turkey’s central bank on Thursday hiked its benchmark interest rate by 250 basis…

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