Australia’s central bank reported a smaller accounting loss in the past fiscal year, while its negative equity ballooned due to valuation losses triggered by a surge in government bond yields.
The Bank of Japan may scrap negative interest rates by the end of this year to adjust the currently excessive level of monetary easing, according to a former BOJ board member.
Delegates from developing nations are leaving meetings in China this week with grand promises of aid for green energy projects, though there are few concrete projects so far.
Asia is emerging as the key catalyst for growth in carbon trading, though the region’s markets currently cover only a fraction of emissions that account for half the world’s total.
Bank of Korea Governor Rhee Chang-yong warned of the risk of market jitters stemming from the Israel-Hamas conflict after the central bank stood pat on interest rates while monitoring developments in inflation, household debt and the Middle East.
The US suspended sanctions on Venezuelan oil, gas and gold production after four years and lifted some restrictions on bond trading, expressing confidence that strongman President Nicolas Maduro is ready to take on all challengers in an open election.
Suzuki Motor Co. ranked last while other Japanese carmakers fared poorly in Greenpeace’s latest assessment of their progress in phasing out fossil fuels and shifting to electric cars.
When ballet dancers wore Burberry-designed costumes at a performance earlier this year, it was a clue to Lloyd Dorfman’s plan to save the Royal Opera House from financial ruin: get luxury brands to pay for an association with the Covent Garden palace.
The cost of a full English breakfast fell for the third time in five months as food inflation slowly eases for UK consumers.
Hong Kong-based Greater Bay Airlines Co. plans to expand its route network into mainland China next year, belatedly entering an essential market after the country remained off limits during the Covid pandemic.
