TOKYO : The broad shift towards renewable energy in the U.S. will continue even under the incoming administration of Donald Trump, said the head of the Americas arm of Japan’s largest banking group, Mitsubishi UFJ Financial Group. President-elect Trump’s anti-renewables rhetoric has not prompted a change in strategy, MUFG Americas […]
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TOKYO : Top Japanese finance officials said on Friday the government is “alarmed” by recent foreign exchange moves and is ready to intervene if speculative moves were deemed excessive, as the yen resumed its rapid downturn. Against the Japanese yen, the dollar rose to a top of 157.93 on Friday, […]
WASHINGTON: Elon Musk’s role in wrecking a bipartisan Congress deal to avert a US government shutdown has underlined his extraordinary influence over the Republican Party and the incoming administration of Donald Trump. In addition to his usual title of the world’s richest man, Democrats are now describing him as “President […]
TOKYO: The Bank of Japan holds its final policy meeting for the year next week with its decision to be announced just hours after that of the U.S. Federal Reserve’s expected interest rate cut. Here is a guide on what to expect and why the BOJ’s rate review matters: IS […]
TOKYO : The growing presence of non-bank financial institutions (NBFI) warrants attention, as some reports show they account for almost half of financial intermediations globally, Bank of Japan Deputy Governor Shinichi Uchida said on Thursday. “Financial and capital markets are often affected by NBFIs’ strategies and activities, as we observed […]
BANGKOK : Thailand’s exports are expected to rise 2 per cent this year, unchanged from a previous forecast of 2 per cent growth, the Thai National Shippers’ Council said on Tuesday. Exports, a key driver of the economy, rose 1.1 per cent in September from a year earlier. The commerce […]
Amazon said on Wednesday that Apple TV+ will become available on Prime Video later this month in the U.S. for $9.99 per month, in a boost for the iPhone maker which has lagged behind streaming rivals Netflix, Disney+ and Prime Video itself. The Apple TV+ streaming service, known for its […]
TOKYO: Nearly 86 per cent of Japanese households expect prices to rise a year from now, a quarterly survey showed on Thursday, a sign of heightening inflation expectations that could help the central bank make the case for additional interest rate hikes. The ratio of households that expect prices to […]
TOKYO: Japan’s new economy minister, Ryosei Akazawa, said on Friday that the timing of changes in the Bank of Japan’s monetary policy should be aligned with the government’s broader goal of exiting deflation. “The timing of various monetary policy changes is very important,” Akazawa said in a press conference. “It’s […]
NEW YORK: US dockworkers and port operators reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the US East Coast and Gulf Coast, the two sides said Thursday (Oct 3). The tentative agreement is for a wage hike of around 62 […]