BOJ maintains ultra-low rates, warns against sharp yen falls

BOJ keeps interest rate targets unchanged Gov. Kuroda rules out near-term rate hike Kuroda says yen’s sharp fall undesirable, bad for economy BOJ ramps up efforts to defend 0.25% yield cap TOKYO, June 17 (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and vowed to defend its cap on bond yields … Read more

Week of rate hikes has stocks on course for steepest slide since 2020

Everyone except the BOJ is hiking Stocks sink as economy risks grow Yen slips as BOJ leaves policy unchanged SINGAPORE, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland put … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON / SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European … Read more

Asian stocks slide as Fed hike fears tip Wall St into bear market

HONG KONG, June 14 (Reuters) – Asian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive US interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell … Read more

US and allies trade barbs with China, Ukraine dominates Asia security meeting

SINGAPORE, June 11 (Reuters) – The United States and its allies traded barbs with China at Asia’s premier security meeting on Saturday, especially on Taiwan, but the war in Ukraine and a remote speech by President Volodymyr Zelenskiy dominated proceedings. US Defense Secretary Lloyd Austin earlier told the Shangri-La Dialogue in Singapore that Washington will … Read more

Japan edges closer to intervention in yen

Japan says ‘concerned’ about sharp yen falls Top currency diplomat says ‘all options on table’ Tokyo ready to respond appropriately in accordance with G7 policy Yen fall puts pressure on BOJ ahead of next week’s meeting Analysts see low chance of intervention, BOJ policy tweak TOKYO, June 10 (Reuters) – Japan’s government and central bank … Read more

Apple dives deeper into cars with software for car dashboards

June 6 (Reuters) – Apple Inc. (AAPL.O) on Monday announced it would more deeply integrate its software into the instrument cluster on the dashboard of cars that will start shipping next year, while analysts and developers are keenly awaiting any hints about how a future mixed-reality headset might work. Apple also announced that its new … Read more

N.Korea fires volley of missiles, South calls it a ‘test’ of new government

SEOUL, June 5 (Reuters) – North Korea fired eight short-range ballistic missiles toward the sea off its east coast on Sunday, likely its largest single test, a day after South Korea and the United States ended joint military drills. The bilateral exercises involved an American aircraft carrier for the first time in more than four … Read more