Tag: Business
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Dovish premier’s 2nd appointee joins Bank of Japan board
TOKYO, June 30 : Prime Minister Sanae Takaichi’s administration appointed Ayano Sato, seen as an advocate of loose monetary policy, as Bank of Japan board member on Tuesday, adding an important voice to debates over further rate increases.Ayano, a former academic, would be the second board member to be appoin
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Japan ready to respond to yen moves at any time, finance minister says
TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama said on Tuesday authorities stood ready to respond appropriately against currency moves at any time, in the wake of the yen’s slide to a four-decade low.”This includes taking decisive action, as confirmed between Japan and the U.S.,” Katayama told a
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Oil falls as investors focus on potential Iran-US talks in Doha
June 30 : Oil prices dropped on Tuesday, with investors eyeing the outcome of potential U.S.-Iran talks in Doha amid weekend missile fire from both sides that tested an interim ceasefire to end the four-month-old war.Brent August crude futures, which expire on Tuesday, were down 1.03 per cent, or 75 cents, at
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Chinese tech manufacturers rush to list in Hong Kong, seeking nearly $6 billion
June 30 : Five Chinese technology and advanced manufacturing companies launched Hong Kong listings on Tuesday to raise up to HK$44.1 billion ($5.6 billion), one of the busiest days for new share sales this year, according to their company filings. The biggest of the five offerings is Shenzhen-listed Apple supplie
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Japan’s May factory output growth lagged forecasts
TOKYO, June 30 : Japan’s factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday. Here are a few details.• Industrial output grew 0.5 per cent in May from the previous month, versus the median market forecast for a 1.1 per cent rise, accor
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Uber, Waymo end robotaxi partnership in Phoenix
June 29 : Uber and Alphabet’s Waymo have ended their self-driving partnership in Phoenix, Arizona, as the ride-hailing giant prepares to launch a new autonomous vehicle collaboration in the city.Under the partnership struck in 2023, Uber had integrated Waymo’s autonomous vehicles into its ride-hailing and foo
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Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listing
June 29 : Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a direct listing.The company was formed in January 2024 to acquire the cryptocurrency mining assets of Celsius Mining, a subsidiary of Celsius, which received U.S. bankruptcy court approval for a restructurin
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UK dilutes stablecoin capital requirement in final crypto rulebook
LONDON, June 30 : Britain’s financial regulator said on Tuesday it would reduce its planned capital requirements for stablecoin issuers after industry pushback, as it unveiled regulations to bring the cryptoasset sector fully within its remit for the first time. Policymakers around the world are under pressu
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Australia sues Amazon unit over alleged breach via Prime Video ads
June 30 : Australia’s competition regulator said on Tuesday it has taken Amazon’s Australian unit to court, alleging its Prime subscription contracts contained unfair terms that allowed the company to add advertising to Prime Video.The Australian Competition and Consumer Commission (ACCC) alleged that between
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US House passes youth online safety legislation
June 29 : The U.S. House of Representatives passed legislation on Monday that would require online platforms to provide some safeguards for children.The Kids Internet and Digital Safety (KIDS) Act would require companies to offer ways for kids to limit addictive features and put in place policies to protect
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