Tag: cent
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Annual core inflation in Japan’s capital accelerates in July
TOKYO, July 31 : Annual core inflation in Japan’s capital accelerated in July, data showed on Friday, a sign of broadening price pressures from the Middle East conflict that keeps the central bank on track to consider further raise interest rates.Separate data showed factory output rose in June, and manufactu
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Yen weakens after intervention-led surge ahead of BOJ policy decision
HONG KONG, July 31 : The Japanese yen came under renewed pressure on Friday after soaring in the previous session as Tokyo intervened in the currency markets before the Bank of Japan’s policy decision.The dollar gained by as much as 0.45 per cent to 160.175 in early trades, after diving 2.4 per cent in its…
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Roblox’s algorithm, safety changes dent bookings forecast; shares slump
July 30 : Roblox forecast a steeper-than-expected drop in third-quarter bookings on Thursday as a shift toward lower-spending games and new safety measures weigh on in-app purchases, sending its shares down 14 per cent in after-hours trading. The company said bookings were impacted after changes to its recomm
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Reddit flags volatile search referrals as US user growth slows
July 30 : Reddit said on Thursday that choppy search-engine traffic affected U.S. user growth in the second quarter, overshadowing an upbeat revenue forecast and sending its shares down around 13 per cent in extended trading.The social media company operates in a highly competitive market. Bigger rival Meta t
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Crypto exchange Coinbase logs third straight quarterly loss on trading slowdown
July 30 : Coinbase Global posted a third straight quarterly loss on Thursday, hurt by lower trading volumes as a prolonged downturn in cryptocurrency markets curbed trading activity.Shares of the crypto exchange were down 5.3 per cent in trading after the bell. Cryptocurrency markets came under pressur
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BOJ to keep rates steady, deliver hawkish signal as price pressures mount
TOKYO, July 31 : The Bank of Japan is set to keep interest rates steady on Friday but signal its resolve to continue pushing up borrowing costs, as mounting price pressures from the weak yen and Middle East conflict risk driving underlying inflation above its target.The expected hawkish signals from the BOJ w
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Yen jumps as analysts suspect official intervention; dollar broadly weaker
July 30 : The dollar sank against the Japanese yen on Thursday with traders alert to the possibility of intervention from Japan to prop up its stubbornly weak currency. The dollar was also weaker across the board after data showed U.S. inflation slowed in June, a day after the Federal Reserve left interest ra
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US economic growth slows in second quarter, missing expectations
WASHINGTON: The United States saw slowing growth in the second quarter, the Commerce Department said on Thursday (Jul 30), with the fallout from President Donald Trump’s Iran war weighing on the world’s largest economy.GDP grew at a sluggish annualised rate of 1.5 per cent in the second quarter, the Bureau of
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Major central banks steer a cautious hiking path
LONDON/MILAN , July 30 : The bond market selloff after this week’s Federal Reserve meeting highlights the challenge policymakers face as they grapple with what higher energy prices and the uncertain consequences of AI advances will mean for their economies. The Fed left interest rates unchanged on Wednesday,
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US dollar slips against yen as focus shifts to inflation data
July 30 : The dollar weakened against the yen on Thursday ahead of a U.S. inflation report that investors will scrutinize to gauge the path for interest rates, a day after the Federal Reserve left markets guessing about its future monetary policy.The yen popped 0.3 per cent to a one-week high of 162.88 to the
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