Tag: yen
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Panasonic to start US data centre battery production by fiscal 2028
TOKYO, June 8 : Panasonic Holdings said on Monday it plans to start mass production of battery cells for data centre applications at a plant in the U.S. state of Kansas in the financial year 2028, which ends March 2029.Here are some details:• The company said it would allocate about 350 billion yen (
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Japan warns of ‘decisive action’ to defend yen as FX reserves tumble
TOKYO, June 5 : Japan is ready to respond at any time on foreign exchange and reserves the right to take “decisive action” against excessive volatility, Finance Minister Satsuki Katayama said on Friday as the yen teetered near the key 160-per-dollar threshold.The remarks came as investors scrutinised official
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Yen hits key 160 level for third session, dollar buoyed by Gulf woes
HONG KONG, June 5 : The Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the U.S. dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows.The yen weakened to the critical 160-per-dollar mark briefly in early trades, hitting the level for
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Japan renews warning of ‘decisive action’ versus weak yen
TOKYO, June 5 : Japan is ready to respond appropriately at any time on foreign exchange and reserves the right to take “decisive action” against excessive volatility, Finance Minister Satsuki Katayama said on Friday as the yen hovered around the key 160-per-dollar.The remarks came as investors scrutinise for
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Fuji Media’s real estate unit attracts 1 trillion yen bids, Bloomberg News reports
June 4 : Broadcaster Fuji Media Holdings received stronger-than-expected interest for its real estate subsidiary Sankei Building, attracting bidders including KKR, Blackstone and Goldman Sachs, Bloomberg News reported on Thursday, citing people familiar with the matter.Last month, more than 15 companies submi
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Dollar at 2-month high as Gulf hostilities flare, yen wobbles near intervention zone
HONG KONG, June 4 : The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert. Iranian attacks on Kuwait damaged its airport and injured dozens on Wedne
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Dollar clings to 2-month high as Gulf hostilities flare, yen wobbles near intervention zone
HONG KONG, June 4 : The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sent oil prices higher and sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert. Iranian attacks on Kuwait damaged its airport
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SMFG aims to double sales and trading revenue to $5 billion, markets head says
TOKYO, June 4 : Japan’s Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global markets said, as the bank seeks to catch up with its rivals.Rising interest rates, currency swings and record stoc
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Yen hovers near 160 level, prompting warnings from Japanese officials
NEW YORK/LONDON, June 3 : Underlying dollar strength pushed the Japanese yen back to the key 160 level on Wednesday, prompting verbal warnings from authorities and keeping traders on alert for intervention, as fresh Gulf hostilities bolstered demand for the U.S. currency.The U.S. said Iran launched ballistic
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Yen falls to 160 level, prompting warnings from Japanese officials
LONDON, June 3 : Renewed strength in the dollar pushed the Japanese yen back to the key 160 level on Wednesday, prompting verbal warnings from authorities and keeping traders on alert for intervention, as fresh Gulf hostilities bolstered demand for the greenback.The U.S. said Iran launched ballistic missiles
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