Emerging markets lit up green as Federal Reserve Chair Jerome Powell nodded at the progress made against US inflation, adding fuel to Wall Street’s bullish outlook on developing assets.
Appointing a woman to the Bank of Japan’s top brass would help with promoting gender diversity across the country, according to Takako Masai, a former member of the central bank board.
Bank of Japan Governor Haruhiko Kuroda has placed wage growth at the center of debate over whether potentially market-jolting policy change looms at the central bank after years of massive stimulus.
Chinese President Xi Jinping called for enhanced efforts to boost consumption in order to realize a virtuous economic cycle, as the world’s second largest economy gradually recovers from Covid Zero.
Australia plans to drop the head of the British royal family from its five-dollar banknote in favor of a design that honors the culture of the country’s Indigenous people.
South Korea’s inflation accelerated again in January, keeping open the possibility of further central bank policy tightening even as the nation’s economy weakens.
Credit Suisse Group AG is weighing a plan to carve up its investment bank in China by retaining a domestic unit and shifting the overseas operation to the new CS First Boston division, people familiar with the matter said.
Grupo Mexico SAB is close to lining up financing to back a more-than $7 billion bid for Citigroup Inc.’s Mexican retail bank Banamex, according to people familiar with the talks.
Pinterest Inc. is laying off about 150 employees, the latest technology company to cut costs in a turbulent time for an industry that expanded rapidly over the past few years.
The Bank of England on Thursday is likely to deliver its 10th consecutive interest-rate increase alongside forecasts underscoring the risk that inflation becomes more persistent in the UK economy.
