Tag: said
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US shakes up currency markets with unusual yen-buying via selling euros
LONDON, Aug 3 : Traders grappling with an already rare co-ordinated U.S.-Japanese action to prop up the weak yen are also digesting a further unusual dynamic: the U.S. selling euros. Japan confirmed on Monday it had carried out yen-buying intervention on Friday with the U.S. Treasury department. But rather th
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Can PM Modi reconnect with India’s Gen Z?
Student protests exposed a growing disconnect between PM Narendra Modi’s BJP and young Indians. Experts say Instagram reels alone won’t close it.
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Serbia, Sweden follow Wales in withdrawing support for Infantino re-election
Aug 3 : The national soccer federations of Serbia, Sweden and Wales withdrew their support for FIFA President Gianni Infantino’s re-election bid on Monday and England’s is expected to do the same.The backlash against the head of world soccer’s ruling body has intensified following his failed plan to sell a s
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Worker dies after scaffolding collapses at Jurong Port construction site
The worker was found trapped in the driver’s seat of a lorry after scaffolding collapsed onto it.
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Webb telescope finds signs of ancient disaster for Neptune’s moons
WASHINGTON, August 3 : New observations of some of Neptune’s moons and rings are providing evidence of a catastrophe that occurred billions of years ago around the solar system’s outermost planet in which a Pluto-sized interloper caused a celestial demolition derby.Researchers used NASA’s James Webb Space Tel
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‘It’s just a loss to Ireland’: Fans pay tribute to Glen Hansard at public wake
A queue of hundreds of people who came to pay their respects snaked around the venue on Monday morning with thousands expected over the course of the day.
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Yen climbs for third straight session, euro/dollar awaits US data
Aug 3 : The yen rose for a third straight session against the euro and the dollar on Monday, keeping traders on alert for further intervention after Tokyo and Washington stepped into the foreign exchange market last week to support Japan’s currency.Meanwhile, oil prices sank after U.S. President Donald Trump
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US shakes up currency markets with talk of unusual yen-buying via selling euros
LONDON, Aug 3 : Traders grappling with an already rare co-ordinated U.S.-Japanese action to prop up the weak yen are also digesting a further unusual dynamic: the U.S. selling euros. Japan confirmed on Monday it had carried out yen-buying intervention on Friday with the U.S. Treasury department. But rather th
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Analysis:How a US-Japan pact to hit yen speculators came together
TOKYO, Aug 3 : A joint U.S.-Japanese effort to fight off speculative bets against a battered yen last week followed months of preparation by the two nations and a rare and public alignment of interests in Washington and Tokyo over exchange rates.While unilateral efforts by Japanese authorities to stop sharp y
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BOJ says global AI demand could have sticky inflationary effect
TOKYO, Aug 3 : Global AI-related demand may exert lasting upward pressure on Japan’s inflation, the Bank of Japan said on Monday, signalling its alarm over mounting inflation risks that could boost the case for a near-term interest rate hike.Artificial intelligence should boost productivity and put downward p
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