By Leika Kihara TOKYO (Reuters) -The Bank of Japan is firming up a strategy to unload its huge holdings of risky assets that will likely centre on a plan to gradually sell exchange-traded funds (ETF) in the market, said three sources familiar with its thinking. There is no consensus yet on when a decision about …
Analysis-BOJ signals final phase of Ueda’s stimulus unwind – selling ETFs Read More »
BEIJING (Reuters) -China’s cyberspace authority summoned and penalised Chinese social media platform Xiaohongshu, accusing the popular app of “damaging the internet ecology”, the regulator said in a statement on Thursday. The company did not immediately respond to a Reuters request for comment. (Reporting by Beijing Newsroom; Editing by Muralikumar Anantharaman)
By Leika Kihara TOKYO (Reuters) – Japan’s wholesale inflation accelerated in August on steady rises in food costs, data showed on Thursday, highlighting sticky inflationary pressure that may keep alive market expectations of a near-term interest rate hike. The data, seen as a leading indicator of consumer prices, will likely be among factors that the …
By Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan will raise its key interest rate by at least 25 basis points in the October-December quarter, a majority of economists said in a Reuters poll, down from nearly two-thirds a month ago. Even as markets expect the U.S. Federal Reserve to cut interest rates next week, …
BOJ to raise interest rate again in Q4, majority of economists say: Reuters poll Read More »
By Joyce Lee SEOUL (Reuters) – South Korean President Lee Jae Myung said on Thursday a U.S. immigration raid resulting in the detention of hundreds of workers at a Hyundai Motor business project could have an impact on U.S. investment decisions made by Korean companies. The raid was a confounding event and caused a great …
SEOUL (Reuters) -A board member of South Korea’s central bank said on Thursday interest rates must be reduced to prop up economic growth, while being mindful of financial stability risks. “There is a need for additional responses to ease downward pressure on economic growth, as it is improving slightly but still expected to remain below …
Bank of Korea board member says need to cut interest rates more Read More »
By Jonathan Stempel NEW YORK (Reuters) – Coupang, the e-commerce company often called the Amazon of South Korea, won the dismissal on Wednesday of a lawsuit claiming it defrauded shareholders during and after its 2021 initial public offering, Wall Street’s largest by a foreign company in 6-1/2 years. U.S. District Judge Vernon Broderick in Manhattan …
E-commerce giant Coupang wins dismissal of US shareholder lawsuit over IPO Read More »
By Rishav Chatterjee and Katya Golubkova (Reuters) – Japan’s top power producer, JERA, will explore liquefied natural gas offtake from the Alaska LNG project, JERA and developer Glenfarne said, as talks to ink firm binding sale contracts for the $44-billion project continue. Since assuming the lead developer role in the Alaska LNG project in March, …
Japan’s JERA to explore LNG offtake from Alaska’s $44 billion export project Read More »
TOKYO (Reuters) – Toyota Motor will start making two battery-powered sport utility vehicles at its U.S. Kentucky plant, as part of a move to improve manufacturing efficiency and better serve market demand, the Japanese automaker said. The company will assemble two new three-row battery electric SUVs it plans to make at Toyota Kentucky, Toyota Motor …
Toyota to manufacture EV SUVs at US Kentucky plant Read More »
By Kiyoshi Takenaka TOKYO (Reuters) -Almost half of Japanese companies regard Bank of Japan (BOJ) Governor Kazuo Ueda’s performance positively, outpacing the 30% with negative views of his handling of monetary policy, a Reuters survey showed on Thursday. Under Ueda, the BOJ last year exited a decade-long, massive stimulus programme by ending a negative rate …
Nearly half of Japanese firms approve of BOJ chief’s performance: Reuters poll Read More »
