By Hyunsu Yim SEOUL (Reuters) -North Korean leader Kim Jong Un replaced the military’s top general and called for more preparations for the possibility of war, a boost in weapons production, and expansion of military drills, state media KCNA reported on Thursday. Kim made the comments at a meeting of the Central Military Commission which…
By Leika Kihara KAGOSHIMA, Japan (Reuters) -Bank of Japan board member Seiji Adachi said the chance of tweaking the bank’s yield curve control policy at next month’s rate review was small given diminishing market distortions and a lack of price trend data. He also said the central bank does not use monetary policy as a…
By Andrew Galbraith SHANGHAI (Reuters) – Crude oil prices rose again on Wednesday while Asian stocks struggled for footing as investors assessed the impact of the worsening conflict in Ukraine and a new U.S. ban on Russian oil. In Europe, however, shares were poised for a stronger open. Euro Stoxx 50 and German DAX futures…
BERLIN (Reuters) – The books for Volkswagen’s hotly anticipated initial public offering of Porsche AG are covered multiple times on the full size of the deal, a bookrunner involved in the listing said on Tuesday. Indicated demand for the listing, due to take place on September 29 at the Frankfurt Stock Exchange, exceeds the full…
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Despite the relentless rise in rates over the last 18 months, inflation…
A look at the day ahead in markets from Sujata Rao. The ink is barely dry on global growth forecast downgrades from the World Bank and International Monetary Fund, but banks are rushing out their own gloomy assessments. “Prepare for a hard landing,” Deutsche Bank shrilled in a Wednesday report. Flagging the possibility of a…
By Sam Nussey TOKYO (Reuters) -Nobuyuki Idei, the urbane former chief executive of Sony Group Corp, who spearheaded the Japanese conglomerate’s push into content but missed the shift to MP3s that led to the iPod, died on June 2, the company said on Tuesday. Idei, who was 84, took the helm in 1995 to drive…
KAMNIK, Slovenia (Reuters) -At least two people died as torrential rains hit northern and western Slovenia on Friday, causing floods, cutting power and disrupting traffic. Two men from the Netherlands died, possibly after being hit by lightning, Slovenian press agency STA reported. The Dutch government confirmed the deaths but not the cause. An elderly Slovenian…
By David Shepardson WASHINGTON (Reuters) – The largest U.S. oil and gas trade lobby group said on Wednesday it believes sharp emissions cuts proposed by the U.S. Environmental Protection Agency (EPA) would result in the elimination of new internal combustion vehicles. But a California air regulator said the EPA plan “will benefit the climate, air…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s current account surplus logged a surprising surge to mark a record for November, as weakness in the yen drove income gains from portfolio investment and direct investment overseas to their highest level for the month. The surplus came in at 1.8 trillion yen ($13.7 billion), more than three times…
