By Leika Kihara TOKYO (Reuters) – Several Bank of Japan (BOJ) board members said the central bank must be vigilant to the risk of inflation accelerating more than expected, minutes of the March policy meeting showed on Monday. A few of the nine-member board also said they saw some “positive signs” emerging in Japan that…
By Howard Schneider WASHINGTON (Reuters) – Big wage gains for lower-paid U.S. workers, a hallmark of the pandemic economy, were concentrated in less expensive cities, according to a new study that points to another potential stumbling block in getting the job market fully back to normal. The study, released on Thursday by payroll processor ADP,…
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would stick to monetary easing to support the economy for the time being so as to achieve sustainable and stable inflation accompanied by wage growth. “We are at a stage where we will continue monetary easing to firmly back economic…
(Reuters) – Circor International said on Thursday that KKR & Co had raised its offer for the industrial machinery maker by $5 to $56 per share in cash, as the investment firm looks to fend off a rival bid from Arcline Investment Management. The new offer includes a ticking fee of $1 per share if…
By Nichola Groom (Reuters) -The Biden administration on Thursday proposed a sharp increase in bonding rates to cover the cost of plugging abandoned oil and gas wells and rules to limit development in sensitive wildlife and cultural areas. The proposals were among a range of leasing reforms designed to ensure fair taxpayer returns from drilling…
(Reuters) -Swiss fragrance and flavour maker Givaudan on Thursday reported quarterly like-for-like sales above expectations, saying it started the year with good business momentum while maintaining operations and global supply chain at a high level. Its first-quarter revenue rose 3.6% to 1.84 billion Swiss francs ($1.97 billion) on a like-for-like basis, compared with analysts’ average…
TOKYO (AP) — Asian shares mostly rose Thursday as investors welcomed encouraging economic data and quarterly earnings reports from big companies. Benchmarks rose across the region, including Japan, China, Australia and South Korea. The gains followed a strong rally on Wall Street. Jitters eased over the visit of U.S. House Speaker Nancy Pelosi to Taiwan…
(Reuters) -A state court in Washington has temporarily blocked Albertsons Companies Inc from paying a $4 billion dividend to shareholders before the grocery chain closes its proposed deal with rival Kroger Co, documents filed said on Thursday. Kroger Co snapped up Albertsons in a $25 billion deal in last month’s mega merger between the No….
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, resulting in a further tightening of labor market conditions and opening the door to a hefty 50 basis points interest rate hike from the…
LONDON (Reuters) – Britain’s economy now looks likely to sidestep recession entirely this year but deep-rooted problems like weak business investment will persist, the Confederation of British Industry trade body said on Monday. The economy is on course to expand 0.4% this year and 1.8% next year, the CBI said, compared with its previous forecast…
