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BOJ may face pressure to ramp up bond-buying if yields spike, ex-central bank policymaker says
TOKYO, July 16 : The Bank of Japan may face political pressure to ramp up bond buying if the benchmark 10-year yield breaks above the key 3 per cent threshold and puts Premier Sanae Takaichi’s fiscal policy on the line, former central bank policymaker Seiji Adachi told Reuters.The stakes are high for the Taka
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Dollar near one-month low as cooling inflation curbs Fed hike bets
HONG KONG, July 16 : The U.S. dollar hovered near a one-month low on Thursday, as soft inflation data reinforced bets that the Federal Reserve can stay patient on interest rate hikes, while escalation in Middle East hostilities added upside risk to the inflation outlook.The greenback slipped against the Japan
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Nearly half of Japanese firms hurt by BOJ interest rate hikes – Reuters poll
TOKYO, July 16 : Nearly half of Japanese firms are experiencing negative business impact from the Bank of Japan’s interest rate hikes, with higher borrowing costs hurting bottom lines and discouraging capital investment, a Reuters survey showed on Thursday.The BOJ ended its negative interest rate policy in 20
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Stocks rise after soft US inflation reading with Middle East in focus
NEW YORK/ MILAN, July 15 : MSCI’s global equities index rose on Wednesday after a surprise drop in the U.S. inflation reading and a second day of strong earnings reports while oil futures turned lower even as U.S.-Iran hostilities showed no signs of abating. U.S. producer prices were softer than expected i
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Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 – Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said. The offer, submitted earlier this month, is backed by
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Oil prices rise as hostilities worsen in the Middle East
LONDON, July 15 : Oil extended gains as the U.S. said it had begun a new wave of strikes against Iranian military installations on Wednesday, aiming to limit Tehran’s ability to strike commercial shipping in the Strait of Hormuz.Washington had earlier reimposed a naval blockade of Iranian ports and launched o
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Oil prices rise 1% as hostilities worsen in the Middle East
LONDON, July 15 : Oil extended gains by around 1 per cent on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran’s Islamic Revolutionary Guard Corps threatened to close “all other export corridors that benefit the U.S. and its allies”.Brent futures gained 69 cents, or
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Oil prices rise 2% as hostilities worsen in the Middle East
LONDON, July 15 : Oil extended gains by around 2 per cent on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran’s Islamic Revolutionary Guard Corps threatened to close “all other export corridors that benefit the U.S. and its allies”.Brent futures climbed $1.71, or 2
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SK Hynix shares surge 13% on AI hopes as US tech stocks resume their climb
SEOUL, July 15 : Shares in SK Hynix jumped nearly 13 per cent in Seoul on Wednesday, tracking gains in U.S. tech stocks after softer-than-expected U.S. inflation data, while upbeat analyst views on the outlook for AI memory demand also supported sentiment.The rally lifted other South Korean semiconductor stoc
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Dollar struggles as softer inflation dims Fed hike bets
HONG KONG, July 15 : The dollar extended its weakness on Wednesday after tumbling from a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal Reserve rate hike, despite concerns that elevated oil prices could fuel inflation risks. Against the yen, the dollar fetched 162.08,
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