Tag: cent
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Tokyo core inflation rate jumps in September, bolsters case for more BOJ hikes
TOKYO, Oct 2 : Annual core inflation in Japan’s capital accelerated in September at the fastest pace in 10 months, highlighting mounting price pressures that bolster the case for further interest rate hikes.The data, considered a leading indicator of nationwide trends, will be among factors the Bank of Japan
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Nike plans more job cuts to boost sputtering turnaround, forecasts steep revenue drop
Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in full-year revenue.The tepid forecast on Thursday (Oct 1) underscored that N
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South Korea September inflation eases to 2.9% y/y, matches forecast
SEOUL, Oct 2 : South Korea’s annual consumer inflation slowed to the 2 per cent range in September, driven down by government price control measures and falling agricultural costs, official data showed on Friday.The Consumer Price Index (CPI) rose 2.9 per cent in September from a year earlier, according to th
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Global bond selloff boosts dollar, pressures euro
NEW YORK/LONDON, Oct 1 : The dollar rose to a 17-month high against the euro on Thursday as a global bond selloff pushed US and European government yields to fresh highs, with higher oil prices stoking inflation concerns.The European currency fell below $1.1215 for the first time since May 2025 against the d
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Yields fall after US 10-year hits highest since 2002; stocks, euro also decline
NEW YORK/LONDON, Oct 1 : Bond yields fell on Thursday, after the benchmark 10-year Treasury yield earlier hit its highest level since 2002, while stocks also eased as US manufacturing data pointed to sustained inflation pressures.Yields initially hit fresh highs after the data, which showed that US manufactur
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GM hangs on to US sales crown, but Toyota closes in
Oct 1 : General Motors remained the top US auto seller during the third quarter despite a dip in sales, but Toyota Motor continued chipping away at its lead as high gasoline prices pushed buyers toward hybrids.GM, Ford Motor and Stellantis — also called the Detroit Three — could see their combined market
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Dollar hits 17-month high versus euro as bond selloff lifts yields
NEW YORK/LONDON, Oct 1 : The dollar rose to a 17-month high against the euro on Thursday amid a selloff in government bonds across the US and Europe, which pushed Treasury yields to fresh peaks as higher oil prices fanned inflation. The European currency fell below $1.123 for the first time since May 2025 a
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Accenture’s forecast eases AI disruption fears, lifts battered IT services stocks
Oct 1 : Accenture shares surged 22 per cent, on track for their best day ever, after a stronger-than-anticipated annual revenue growth forecast underscored the resilience of the IT consulting business hammered by worries over AI-led disruption.The outlook signaled how global consulting firms are tapping into
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South Korean shares end nearly 2% higher on record chip exports
SEOUL, Oct 1 : Round-up of South Korean financial markets:** South Korean shares recouped early losses to end nearly 2 per cent higher on Thursday, led by gains in chipmakers after domestic trade data smashed forecasts to hit a fresh record. ** The benchmark KOSPI closed 133.31 points, or 1.95 per cent
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Japan’s patchy business mood takes pressure off BOJ for immediate hike
TOKYO, Oct 1 : Japanese manufacturers’ confidence hit an eight-year high over July-September but non-manufacturers’ mood soured, a central bank survey showed, painting a mixed picture of the economy that may soften the chance of a back-to-back rate hike this month.Corporate inflation expectations remained ele
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