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US warns against excessive yen volatility, calls for BOJ rate hikes
TOKYO, July 24 : The U.S. Treasury Department said yen weakness has persisted despite the narrowing of U.S.-Japan interest rate differentials, warning excess volatility in the currency was undesirable.The Treasury also called for further interest rate hikes by the Bank of Japan, warning that inflation has str
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Dollar edges lower after four-day run of gains, yen stalled near 40-year low
NEW YORK, July 22 : The dollar eased slightly from a one-week high on Wednesday after four straight daily advances, while the yen saw a modest recovery from its weakest level in nearly four decades as traders weighed the likelihood of intervention from Tokyo and the odds of faster rate hikes by the Bank of…
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Dollar dips after four-day streak of gains, yen holds near 40-year low
NEW YORK, July 22 : The dollar dipped from a one-week high on Wednesday after four straight daily advances, while the yen recovered slightly from its weakest level in nearly four decades as traders gauged the likelihood of intervention from Tokyo and the chances of faster rate hikes by the Bank of Japan.The d
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Japan ready to take decisive currency action as yen hits 40-year low
TOKYO, July 22 : Japan will take decisive action in the currency market if needed, Finance Minister Satsuki Katayama said on Wednesday, signalling Tokyo’s readiness to intervene in the market as the yen slid to a 40-year low.Chief Cabinet Secretary Minoru Kihara also said on Wednesday the government was ready
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Japan ready to take decisive action on forex if needed, finance minister says
TOKYO, July 22 : Japanese Finance Minister Satsuki Katayama said on Wednesday that the government remains ready to take decisive action in currency markets if needed, while refraining from commenting on specific foreign-exchange levels.”Our stance has not changed at all. If there is a need for it, we will tak
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Reaction to death of former England captain and manager Kevin Keegan
July 20 : Quotes and reaction to the death of former England captain and manager Kevin Keegan on Monday at the age of 75:BRITAIN’S PRINCE WILLIAM”Incredibly saddened to hear of the passing of Kevin Keegan. A truly remarkable footballer and manager who inspired generations with his talent, passion and l
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Analysis:Could AI chip boom make ASML Europe’s first trillion-dollar firm?
AMSTERDAM, July 20 : The global artificial intelligence boom has propelled ASML to the top of Europe’s stock market, as soaring demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to make them.After blowout second quarter earnings, investors and analysts
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Exclusive-Samsung cuts US jobs, offers relocations ahead of HQ move
SEOUL, July 19 : Samsung Electronics has cut jobs at its U.S. display, phone and other consumer electronics operations — affecting workers mainly in New Jersey and Texas, according to documents and two people familiar with the matter.The South Korean tech giant said on Sunday in a statement to Reuters that
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Samsung Electronics America to reduce workforce by 739 in New Jersey, WARN notice says
SEOUL, July 19 : Samsung Electronics America is reducing its workforce by 739 jobs in Englewood Cliffs, New Jersey, according to a Worker Adjustment and Retraining Notification (WARN) reviewed by Reuters. SEA handles sales and marketing of Samsung Electronics’ displays, phones, TVs and home appliances in th
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F1 leader Antonelli needs a win after recent blows
SPA-FRANCORCHAMPS, Belgium, July 15 : Kimi Antonelli needs a win in Belgium this weekend to pump up his Formula One championship lead after two blanks in the last three races, but Ferrari could stand in his way.The 19-year-old Mercedes driver also failed to score a point at Spa-Francorchamps last year, althou
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