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Yen remains under pressure after BOJ keeps rates unchanged
HONG KONG, July 31 : The yen stayed under pressure on Friday after the Bank of Japan held rates steady, paring some of the sharp gains sparked by coordinated intervention overnight as markets tested Tokyo’s resolve to support the sagging currency.The dollar last traded 0.75 per cent stronger at 160.670 yen, a
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Yen remains under pressure after BOJ kept rates unchanged
HONG KONG, July 31 : The Japanese yen stayed under pressure on Friday after the Bank of Japan kept rates unchanged as markets tested Tokyo’s resolve in the wake of a coordinated intervention to prop up the fragile currency. The dollar extended gains, to trade up 0.81 per cent at 160.760 yen, after the previou
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Investors react to BOJ’s decision to hold rates
July 31 : The Bank of Japan kept its interest rates steady on Friday, while reiterating its willingness to raise borrowing costs further if inflation risks increase. At the end of its two-day policy meeting, the central bank voted 8-1 to keep its short-term policy rate at 1 per cent. Board member Hajime Takat
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Annual core inflation in Japan’s capital accelerates in July
TOKYO, July 31 : Annual core inflation in Japan’s capital accelerated in July, data showed on Friday, a sign of broadening price pressures from the Middle East conflict that keeps the central bank on track to consider further raise interest rates.Separate data showed factory output rose in June, and manufactu
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Yen weakens after intervention-led surge ahead of BOJ policy decision
HONG KONG, July 31 : The Japanese yen came under renewed pressure on Friday after soaring in the previous session as Tokyo intervened in the currency markets before the Bank of Japan’s policy decision.The dollar gained by as much as 0.45 per cent to 160.175 in early trades, after diving 2.4 per cent in its…
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Roblox’s algorithm, safety changes dent bookings forecast; shares slump
July 30 : Roblox forecast a steeper-than-expected drop in third-quarter bookings on Thursday as a shift toward lower-spending games and new safety measures weigh on in-app purchases, sending its shares down 14 per cent in after-hours trading. The company said bookings were impacted after changes to its recomm
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Reddit flags volatile search referrals as US user growth slows
July 30 : Reddit said on Thursday that choppy search-engine traffic affected U.S. user growth in the second quarter, overshadowing an upbeat revenue forecast and sending its shares down around 13 per cent in extended trading.The social media company operates in a highly competitive market. Bigger rival Meta t
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Crypto exchange Coinbase logs third straight quarterly loss on trading slowdown
July 30 : Coinbase Global posted a third straight quarterly loss on Thursday, hurt by lower trading volumes as a prolonged downturn in cryptocurrency markets curbed trading activity.Shares of the crypto exchange were down 5.3 per cent in trading after the bell. Cryptocurrency markets came under pressur
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BOJ to keep rates steady, deliver hawkish signal as price pressures mount
TOKYO, July 31 : The Bank of Japan is set to keep interest rates steady on Friday but signal its resolve to continue pushing up borrowing costs, as mounting price pressures from the weak yen and Middle East conflict risk driving underlying inflation above its target.The expected hawkish signals from the BOJ w
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OpenAI cuts prices on smaller models as businesses scrutinize AI spend
July 30 : OpenAI slashed prices of its low- and mid-tier AI models on Thursday, a move that may intensify competition in the industry as U.S. companies battle cheaper Chinese rivals for customers increasingly wary of the technology’s ballooning costs.The ChatGPT maker lowered the cost of its smaller GPT-5.6 L
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