Economy
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is on track to end negative interest rates in coming months despite the economy’s fall into recession, say sources familiar with its thinking, though weak domestic demand means they may seek more clues on wages growth before acting. Japan shocked…
(Reuters) – Companies in the United States and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs. While job cut announcements in the United States more than doubled month-on-month…
By Jamie McGeever ORLANDO, Florida (Reuters) -Only a return of more aggressive Fed easing speculation or a switch out of relatively expensive U.S. stocks seems likely to wipe the dollar’s smile off its face. Currency markets still appear to be in thrall to the so-called “dollar smile” – the model…
By Brigid Riley TOKYO (Reuters) -Japan’s benchmark rallied to 34-year highs on Friday and was on the cusp of eclipsing the all-time peak reached during the hey days of the nation’s bubble economy in the 1980s. The index blew past the post-economic bubble era record of 38,188.74, putting it on…
(Reuters) – Foreign investors increased their purchases of Japanese stocks last week as easing concerns over the Bank of Japan’s (BOJ) potential policy shift buoyed market sentiment. According to data from Japanese exchanges, foreigners accumulated a net 817.43 billion yen ($5.44 billion) of local stocks in the week to Feb.…
(Reuters) – It’s been two years since Russia invaded Ukraine, bringing war to Europe for the first time in decades, while the markets’ AI bull’s seemingly unstoppable run continues, and China returns from a week-long holiday to economic uncertainty. Here’s your week ahead primer in world markets from Rae Wee…
By Sara Rossi MILAN (Reuters) – Elisabetta Trevisan, a 50-year-old teacher from Venice, plans to use interest payments from an Italian bond for small savers to help put her two sons through university. The three bonds she bought for 40,000 euros ($43,100) carry an annual coupon of up to…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda voiced confidence over prospects of higher wages and stressed the bank’s resolve to phase out stimulus if inflation durably hits its goal, despite data showing the economy has slipped into recession. But he said the central…
By Suban Abdulla LONDON (Reuters) -British retail sales jumped by the most in almost three years in January as consumers recovered their appetite for spending, suggesting the economy could emerge quickly from its recession in the second half of last year. Sales volumes increased by 3.4% from December, much stronger…
Investing.com — U.S. stock futures pointed to a mixed opening on Wall Street after equities advanced in the prior session. Coinbase (NASDAQ:) reports better-than-anticipated earnings in the fourth quarter thanks to a jump in activity on the crypto exchange following the approval of exchange-traded funds tracking the spot price of .…