Business
Asia stocks, yen tentative with eyes on BOJ decision
By Rae Wee SINGAPORE (Reuters) - Asian shares rose cautiously on Friday as markets sobered up to the idea that U.S. rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy ...
Pakistan central bank expected to hold rates on Monday ahead of IMF deal, Reuters poll finds
By Ariba Shahid KARACHI (Reuters) - Pakistan's central bank is widely expected to hold its key interest rate at a record 22% for the seventh straight policy meeting on Monday as Pakistan gears up for an International Monetary Fund board approval ...
South Korea's public finances no longer a credit rating 'strength', Fitch says
By Jihoon Lee SEOUL (Reuters) - South Korea's public finances are no longer a strength for its sovereign credit rating but are now a neutral factor requiring near-term efforts to contain the rise in debt, global ratings agency Fitch said. "We've ...
Yen at its weakest in decades as BOJ meets
By Tom Westbrook SINGAPORE (Reuters) - The yen was parked by a 34-year low on the dollar and decade lows on other crosses ahead of a Bank of Japan meeting where interest rates are expected to stay low, while the dollar dipped elsewhere on ...
Oil prices rise as US official eases market concerns over economic headwinds
By Georgina McCartney (Reuters) - Oil prices rose in early trade on Friday, as players took stock of the U.S. Treasury secretary's comments that the country's economy is likely in a stronger position than indicated by weak first-quarter data, ...
Global economy set to stay on a roll for the rest of the year - Reuters poll
By Hari Kishan BENGALURU (Reuters) - The global economy is likely to carry its solid momentum for the rest of the year and into 2025, defying earlier expectations of a slowdown, according to a Reuters poll of economists who said stronger growth ...
Japan is concerned about weak yen's negative effects, Finance Minister says
TOKYO (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Friday he is concerned about negative effects of the weak yen as the currency has continued to slide this year. The dollar hovered around 155.58 yen on Friday morning after ...
BHP shares fall 3.6% after making $39 billion bid for rival Anglo American
(Reuters) - BHP Group shares fell 3.6% on Friday in the first day of trading since revealing a $38.8 billion bid for smaller rival Anglo American in a deal that would forge the world's largest copper miner. (Reporting by Scott Murdoch in Sydney; ...
Inflation in Japan's capital falls below BOJ target, slows for 2nd month
By Leika Kihara TOKYO (Reuters) - Core inflation in Japan's capital slowed for a second month in April to fall below the central bank's 2% target, data showed on Friday, complicating its decision on how soon to raise interest rates. The reading ...
Bank of Japan may signal near-term rate hike with new price forecasts
By Leika Kihara TOKYO (Reuters) -The Bank of Japan on Friday is set to project inflation will stay near its 2% target in coming years and signal its readiness to raise interest rates from near-zero, in hope of keeping yen bears from pushing the ...