By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Thursday the central bank may raise interest rates again if the yen’s declines significantly push up inflation, highlighting the impact currency moves may have on the timing of the next policy shift. “There’s a possibility the weak yen could push up trend …
BOJ’s Ueda signals possible rate hike if weak yen boosts inflation Read More »
By Dominique Patton and Mimosa Spencer PARIS (Reuters) -L’Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China. The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales …
L’Oreal sales rise 9.4% as mass market makeup outshines luxury Read More »
By Moira Warburton WASHINGTON (Reuters) – An effort to force TikTok’s Chinese owner, ByteDance, to sell the social media app or face a ban in the U.S. was gaining steam in Congress on Thursday, with the House of Representatives setting a vote for Saturday and a key Senate Democrat voicing support for the move. The …
US Congress moves ahead on bill to push TikTok’s Chinese owner to sell Read More »
By Josh Ye, David Kirton and Brenda Goh HONG KONG/SHENZHEN/SHANGHAI (Reuters) – Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series on Thursday that many analysts expect to contain an advanced China-made chip like its Mate 60 handset. The Pura series developed by the Shenzhen-headquartered company has …
Huawei starts sales of new Pura 70 smartphone to crowds amid chips scrutiny Read More »
By Makiko Yamazaki and Takahiko Wada TOKYO (Reuters) -Japanese banks have improved their resilience to rising interest rates by rebalancing domestic bond portfolios but growing real estate exposure poses a potential risk, the Bank of Japan said in its report on the financial system on Thursday. The BOJ’s latest analysis of risks in the financial …
Japan banks boost resilience to rising interest rates, BOJ says Read More »
(Reuters) – Foreign investors continued purchasing Japanese stocks in the week to April 12, driven by a weaker yen and robust performance in chip-related stocks. They secured stocks worth 829.05 billion yen ($5.37 billion) worth during the week, following net purchases of 829.45 billion yen in the previous week, data from stock exchanges showed. Foreigners …
Foreigners remain buyers of Japanese stocks in week to April 12 Read More »
By Takaya Yamaguchi and Makiko Yamazaki SAGA, Japan (Reuters) -Bank of Japan board member Asahi Noguchi said on Thursday the pace of future rate hikes would likely be much slower than that of its global peers in recent policy tightenings, as the impact of rising domestic wages has yet be fully passed onto prices. “With …
BOJ’s Noguchi says future rate hikes likely to be slow Read More »
BENGALURU (Reuters) – Sri Lankan telecom operator Dialog Axiata has signed a definitive agreement to buy Bharti Airtel’s operations in the island nation, the companies said on Thursday, nearly a year after the merger was announced. Under the agreement, Dialog Axiata will acquire a 100% stake in Airtel Lanka by issuing Bharti Airtel a 10.4% …
Dialog Axiata to buy Bharti Airtel’s telecom operations in Sri Lanka Read More »
By Sameer Manekar (Reuters) – Bearish positions on most Asian currencies firmed, a Reuters poll showed on Thursday, intensifying steadily from the start of the year as repricing of rate cut bets after strong U.S. economic data pushed the dollar higher. Short bets on the Malaysian ringgit jumped to their highest level since mid-July last …
Short bets on Asian currencies mount as firm dollar dents confidence: Reuters poll Read More »
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc and Nvidia supplier, has benefited from …
TSMC’s first quarter profit rises 9%, beats forecasts Read More »
