By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday any future debate on an exit from ultra-loose monetary policy will centre on the pace of increase in short-term interest rates and adjustments in the bank’s massive balance sheet. Kuroda brushed aside the chance of a near-term interest rate hike, …
BOJ’s Kuroda lays out framework for future exit from easy policy Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s new government will release the 2023 budget on Monday focused on boosting revenue, implementing tax reforms and fiscal consolidation to secure an IMF bailout package to help the country recover from its worst financial crisis in decades. Soaring inflation, a weakening currency and low foreign exchange reserves …
Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track Read More »
By Casey Hall SHANGHAI (Reuters) – Chinese authorities on Thursday destroyed a giant haul of counterfeit products purporting to be from brands such as Nike and Louis Vuitton at an event held across 17 provinces and cities, state broadcaster CCTV reported. In all, 3,000 tonnes of counterfeit products valued at 500 million yuan ($69 million) …
Chinese authorities destroy 3,000 tonnes of fake goods worth $69 million Read More »
(Reuters) – Foreign investors were net buyers of Japanese stocks for a second straight week in the week to Nov. 4, as strong earnings outlook of some domestic companies boosted investor sentiment. Foreigners purchased Japanese stocks worth a net 247.9 billion yen ($1.70 billion), which compared with 178.89 billion yen worth of net buying in …
Foreigners net buyers of Japanese stocks for second straight week Read More »
By David Shepardson (Reuters) -Nissan Motor Co’s U.S. arm said Wednesday that supply chain issues will force it to trim production this month at its Canton, Mississippi, assembly plant. The Japanese automaker said it will cut some production days in November for its Titan and Frontier pickup trucks as well as its Altima sedan. The …
Nissan to trim production at U.S. plant over chips shortage Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. All eyes are turning to the latest U.S. inflation figures, but all tongues are wagging about the crash in crypto. The October snapshot of U.S. consumer prices comes at a slightly more nervous juncture for markets than even …
Marketmind: CPI catches the eye, crypto crumbles Read More »
(Reuters) – Gemini cofounder Cameron Winklevoss assured investors that the crypto exchange has no exposure to FTX, digital coin FTT and crypto trading platform Alameda, as a liquidity crunch at FTX sparks concerns of another crypto contagion. FTX, which developed a penchant for bailing out troubled crypto firms, saw investors express concerns about its financial …
Crypto exchange Gemini co-founder says no exposure to FTT, Alameda Read More »
By Laila Kearney NEW YORK (Reuters) – Oil prices sank by roughly $3 a barrel on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound in COVID-19 cases in top importer China would hurt fuel demand. Brent crude futures settled at $92.65 a barrel, shedding …
Oil prices plunge 3% on U.S. inventory build, China COVID worries Read More »
(Reuters) -Cryptocurrency exchange Binance is likely to walk away from a deal to buy embattled rival FTX, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter. Binance was taken aback by “a big hole it found in FTX’s finances”, the report said. Binance and FTX did not immediately respond to …
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar advanced against most major currencies on Wednesday, as results so far for the U.S. midterm elections showed little evidence of a “red wave” resounding Republican victory that some expected, leaving investors to focus on upcoming inflation data. Republicans made modest gains in the midterms but …
Dollar higher as investors look past U.S. midterms to inflation data Read More »
