(Reuters) -Cryptocurrency exchange Coinbase Global Inc on Wednesday said it will halt operations in Japan due to volatile market conditions. All Coinbase Japan customers will have until Feb. 16 to withdraw their fiat and crypto holdings, the company said in a blog post. Coinbase’s decision to exit comes only a few weeks after rival exchange …
Crypto exchange Coinbase says it will halt Japan operations Read More »
By David Dolan and Daniel Leussink TOKYO (Reuters) – Japan’s top companies are gearing up to offer their biggest wage increases in decades, but there’s no way Hideki Kawada can afford raises for the 18 employees at his printing firm. Prime Minister Fumio Kishida has called on Japan Inc to increase pay and reverse decades …
Japan Inc is finally giving raises, just not to everyone Read More »
(Reuters) – Japan is nearing the phase where its monetary policy easing can be stopped, its minister for trade and industry said on Wednesday. “Of course, monetary policy is going to be normalized in the future but until we can see a clear path in the future, I understand the BOJ is going to maintain …
Japan nearing phase where monetary easing can be stopped – trade minister Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations it would phase out its massive stimulus programme amid mounting inflationary pressure. The surprise decision sent the yen skidding against other currencies and …
BOJ defies market bets for policy tweaks, yen tumbles Read More »
By Choonsik Yoo SEOUL (Reuters) -South Korea’s central bank chief said on Wednesday it will have to pay attention to the trade-off between managing inflation, economic growth and financial stability in its monetary policy in 2023. The remarks at a news conference for foreign-media journalists appeared in step with his comments on Friday last week …
Bank of Korea chief sees trade-offs in its policy setting in 2023 Read More »
JAKARTA (Reuters) – Indonesia’s upstream oil and gas regulator SKK Migas expects the transfer of a participating interest and operatorship of Indonesia Deepwater Development (IDD) gas project from Chevron to be to concluded in the first quarter, the agency’s deputy Wahju Wibowo said. U.S. energy company Chevron currently controls 62% of the project. The official …
Indonesia sees transfer of IDD gas project stake concluding in Q1 -regulator Read More »
By Norihiko Shirouzu BEIJING (Reuters) – Chinese electric vehicle (EV) giant BYD is embarking on a rapid global expansion to challenge Tesla but for now it’s stuck in the slow lane on its rival’s home turf. While BYD has not fully articulated its global ambitions in public, a concerted worldwide push has become the single most …
China’s BYD takes cautious approach to U.S. in global EV push Read More »
TOKYO (Reuters) – Toyota Motor Corp on Wednesday said it plans to produce about 750,000 vehicles globally in February. The Japanese automaker said it aims to make about 300,000 vehicles domestically and about 450,000 overseas, and that it will continue to monitor the supply of auto parts, including semiconductors. Toyota produced 740,996 vehicles globally in …
Toyota plans to produce 750,000 vehicles globally in February Read More »
By Laura Sanicola (Reuters) -Oil prices settled higher on Tuesday in choppy trading after China posted weak but expectation-beating annual economic growth data and on hopes that a recent shift in its COVID-19 policy will boost fuel demand. Brent crude futures settled up $1.46, or 1.7%, to $85.92 while U.S. West Texas Intermediate (WTI) crude …
Oil prices settle higher on hopes of China demand rebound Read More »
(Reuters) – India’s Maharashtra has entered a $2.5 billion partnership with Taiwan’s Gogoro Inc and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state, the parties said on Tuesday. The Indian company, Belrise Industries Ltd, and Gogoro will form an equal-stakes joint venture and invest the amount …
India’s Maharashtra enters $2.5 billion partnership for EV battery-swapping stations Read More »
