NEW YORK (Reuters) – The Bank of Japan, which widened the trading band for 10-year Japanese government bonds (JGBs) on Tuesday, may have inflicted damage on the dollar against the yen, but Goldman Sachs analysts said there was further room for the greenback to rise. On Tuesday, the dollar plunged as much as 4% against …
U.S. dollar likely has further upside vs yen despite BOJ move -Goldman Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose by more than $2 a barrel on Wednesday after data showed a larger-than-expected draw in U.S. crude stockpiles, but gains were capped by a snowstorm that is expected to hit U.S. travel. Brent crude futures for February delivery were up by $2.21, or 2.76%, at $82.20 a …
Oil prices rise over $2 on drawdown in U.S. crude stocks Read More »
GENEVA (Reuters) -The World Trade Organization found on Wednesday that the United States had violated global trading rules by insisting that products imported from Hong Kong be marked as coming from China, a ruling rejected as “flawed” by Washington. Until 2020, the United States had treated Hong Kong, which is a separate WTO member, in …
WTO rules against U.S. in Hong Kong labelling dispute Read More »
HONG KONG (Reuters) – China will implement a prudent monetary policy that is precise and forceful, keeping liquidity reasonably ample, the country’s central bank said on Wednesday. The central bank will also guide financial institutions to help mitigate risks surrounding China’s leading property developers, it said in a statement. Beijing has stepped up support in …
China will implement prudent monetary policy – central bank Read More »
By Miho Uranaka TOKYO (Reuters) – Kirin Holdings, Japan’s second-largest brewer by sales, is looking to buy factory facilities in North America to maintain strong growth in the region’s craft beer market, its chief executive said. Kirin has seen sales volumes in the North American craft beer market climb by double-digit percentage figures since completing …
Kirin seeks more North American craft beer factories after strong growth Read More »
By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) – Indonesian President Joko Widodo on Wednesday confirmed an export ban for bauxite starting in June next year as scheduled, to encourage domestic processing of a material used as the main ore source of aluminium. The resource-rich nation has surprised markets with its commodity exports policies, including …
Indonesia confirms bauxite export ban to proceed as scheduled Read More »
TOKYO (Reuters) -Visitor arrivals to Japan jumped to nearly 1 million in November, the first full month after the country scrapped COVID-19 curbs that effectively halted tourism for more than two years, data showed on Wednesday. The number of foreign visitors, for both tourism and business, rose to 934,500 last month, almost double the October …
End of Japan COVID curbs triggers surge in visitors to near 1 million in November Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s surprise decision to loosen the grip on its yield cap marks the beginning of an end to Governor Haruhiko Kuroda’s controversial policy, sources say, and may pave the way for massive monetary stimulus to be phased out next year. The central bank on Tuesday tweaked …
Analysis-Kuroda’s abrupt policy tweak opens door for bigger shift next year Read More »
SINGAPORE (Reuters) – Japan’s Mitsui OSK Lines (MOL) and state-run GAIL (India) Ltd have signed a time charter contract for a newbuild liquefied natural gas (LNG) carrier, and for joint ownership of an existing LNG carrier. The newbuild vessel will be built by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering with a charter period …
Japan’s Mitsui OSK signs charter with India’s GAIL for LNG carrier Read More »
By Casey Hall, Martin Quin Pollard and Joe Cash SHANGHAI/BEIJING (Reuters) – As China’s massive wave of COVID-19 infections begins its march across a country roughly the size of Europe, the ripple effect on business is accelerating. From its original epicentre in the north, including the capital Beijing, COVID-19 infections are spreading throughout the country …
Corporate China struggles with supply snags, demand slump as COVID cases spread Read More »
