By Kevin Buckland and Tom Westbrook TOKYO (Reuters) -Short-term Japanese government bond yields scaled 15-year peaks and Japanese bank shares soared on Wednesday as the Bank of Japan raised interest rates for only the second time since 2007 while announcing a halving of its monthly bond buying. The two-year JGB yield jumped as much as …
Japan yields scale 15-year peaks, bank shares surge as BOJ hikes rates Read More »
By Juveria Tabassum and Waylon Cunningham (Reuters) -Starbucks’ store operation improvements helped the coffee chain meet Wall Street expectations, even as its global sales declined on persistent weakness in consumer spending in its top markets of U.S. and China. The coffee chain this year rolled out its Siren System plan, which included the introduction of …
Starbucks efficiency gains bolster profit as China, US drag sales Read More »
PHILADELPHIA (Reuters) – Pennsylvania Governor Josh Shapiro said on Tuesday that he cannot support Nippon Steel’s bid to buy U.S. Steel in its current form because the United Steelworkers union is unhappy with the merger. Shapiro, who is a contender to be Vice President Kamala Harris’ Democratic Party running mate in the November U.S. presidential …
Pennsylvania governor says cannot support Nippon-US Steel merger Read More »
(Reuters) – Chinese EV maker BYD, is looking to enter the Canadian automotive market, according to a regulatory document filed earlier this month, even as Canadian officials consider imposing tariffs on vehicles imported from China. Canada, following in the footsteps of the United States and the European Union, said in June it was considering imposing …
China’s BYD explores Canadian auto market entry -regulatory filing Read More »
TOKYO (Reuters) -The Bank of Japan is considering raising short-term interest rates to around 0.25% from the current 0-0.1% at its two-day policy meeting that ends on Wednesday, Jiji news agency reported. Public broadcaster NHK also reported that the BOJ would consider raising interest rates, with many board members of the view that inflation is …
BOJ mulling raising short-term rates to around 0.25%, media reports Read More »
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered (StanChart) announced a $1.5 billion share buyback, its biggest ever, and lifted its income outlook for 2024, betting on strong economic growth in its core Asian markets and on plans to rein in costs. The London-headquartered lender, which earns most of its revenue in …
StanChart unveils record $1.5 billion buyback, boosts income outlook Read More »
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -Chinese leaders signalled on Tuesday that the stimulus measures needed to reach this year’s economic growth target will be directed at consumers, deviating from their usual playbook of pouring funds into infrastructure projects. The world’s second-largest economy missed growth forecasts in the second quarter and faces deflationary …
Chinese leaders pledge to tilt stimulus towards consumers Read More »
HONG KONG/BEIJING (Reuters) – China’s securities regulator is likely to promote its head of law enforcement to the role of vice chairman, four sources said, a move that underscores Beijing’s determination to tighten oversight of the 37 trillion yuan ($5.1 trillion) stock market. Li Ming, chief of the enforcement bureau of the China Securities Regulatory …
BEIJING (Reuters) – Chinese solar module producer Zhejiang Akcome New Energy Technology has filed for bankruptcy at one of its subsidiaries, citing an inability to repay its debts, according to a Monday filing. Zhejiang Akcome Photoelectricity Technology’s petition to enter bankruptcy restructuring was submitted by the parent company and was accepted by Changxing county court …
By Anton Bridge TOKYO (Reuters) – Nomura Holdings, Japan’s largest brokerage and investment bank, reported a 195% jump in first-quarter profit on Tuesday as the rally in global markets and return of domestic inflation bolstered demand for its wealth management services. The results show the progress Nomura has made in shifting toward a fees-based profit …
Japan’s Nomura triples profit in Q1 as end of deflation spurs wealth management Read More »
