Global risks to keep BOJ from adjusting yield cap next year – executive

BOJ must eventually ditch YCC, move to zero-rate policy – Momma Wage, economic strength key to when BOJ ends current policy US recession risk likely to keep BOJ from acting next year TOKYO, Nov 24 (Reuters) – Growing risks of a global economic slowdown will likely prevent the Bank of Japan (BOJ) from phasing out … Read more

U.S. COVID public health emergency to stay in place

WASHINGTON, Nov 11 (Reuters) – The United States will keep in place the public health emergency status of the COVID-19 pandemic, allowing millions of Americans to still receive free tests, vaccines and treatments, two Biden administration officials said on Friday. The possibility of a winter surge in COVID cases and the need for more time … Read more

Oil edges lower on China demand pressures; market awaits US inflation data

MELBOURNE, Nov 10 (Reuters) – Oil extended losses on Thursday for a fourth consecutive session, as renewed COVID curbs in China, the world’s biggest crude importer, weighed on the market and traders await US inflation data for clues on further interest rate increases. Brent crude futures fell 41 cents, or 0.4%, to $92.24 a barrel … Read more

Analysis: Will they or won’t they? Japan uses guessing game to shore up yen

Govt declines to confirm intervention except for Sept. 22 foray Stealth intervention likely to be Japan’s new norm – sources MOF declines to comment on if it intervened on Monday Stealth action better than nothing but only buys time – analyst TOKYO, Oct 24 (Reuters) – Japanese authorities are relying heavily on psychological tactics to … Read more

Oil prices loose ground as market jittery over demand risks

Oct 13 (Reuters) – Oil prices struggled to find a footing on Thursday after easing in the previous session on a weakening global demand outlook. Brent crude futures fell 7 cents, or 0.1%, to $92.38 a barrel by 0650 GMT. US West Texas Intermediate crude was down 21 cents, or 0.2%, at $87.06 a barrel. … Read more

Asia stumbles as China COVID, sterling wobbles shake sentiment

SINGAPORE, Oct 12 (Reuters) – Asian stocks wallowed at two-year lows on Wednesday, weighed by signs China had no immediate plans to ease strict COVID curbs while an unrelenting dollar rally and wobbles in the UK bond market and pound shook global investor sentiment . After a torrid overnight session, sterling emerged from a two-week … Read more

Japan’s foreign reserves drop by record on market shakeout, FX intervention

Japan foreign reserves down for two straight months Japan’s $1,238 trillion reserves second largest after China Drop in reserves comes after last month’s FX intervention Authorities mum on speculation about selling US Treasuries TOKYO, Oct 7 (Reuters) – Japan’s foreign reserves fell by a record $54 billion in September, official data showed on Friday, as … Read more

Sterling crumbles to record low, dollar soars on UK fiscal angst

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to register TOKYO, Sept 26 (Reuters) – Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new government’s economic plan will stretch Britain’s finances to the … Read more

NASA calls off Artemis moon rocket launch for second time in 5 days

Register now for FREE unlimited access to register CAPE CANAVERAL, Fla., Sept 3 (Reuters) – For the second time in five days, NASA on Saturday halted a countdown in progress and postponed a planned attempt to launch the debut test flight of its giant, next-generation rocket, the first Mission of the agency’s moon-to-Mars Artemis … Read more

Reactions to the attack on writer Salman Rushdie

Aug 12 (Reuters) – Here are reactions to Friday’s attack on novelist Salman Rushdie. read more SUZANNE NOSSEL, CEO OF FREE EXPRESSION ORGANIZATION PEN AMERICA: “We can think of no comparable incident of a public attack on a literary writer on American soil. Just hours before the attack, on Friday morning, Salman had emailed me … Read more