EASIA

Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates

BOJ keeps ultra-low rates, dovish policy guidance Japan’s FX diplomat said took ‘decisive’ action Confirmation of intervention sends dollar sliding over 2% Analysts doubt whether Tokyo can keep propping up yen Bank of Canada says did not help BOJ TOKYO, Sept 22 (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy …

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Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Register now for FREE unlimited access to Reuters.com Register Dollar index at two-decade high Euro slides back toward two-decade lows Putin announces partial troop mobilization for Ukraine Markets gauging Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar surged to a new two-decade high on Wednesday just ahead of another expected …

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Stocks fall, bonds and gold gain as Russia threats add to Fed jitters

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 21 (Reuters) – Stocks fell, while safe havens such as government bonds and the dollar rose, as anxious investors fled risk assets after Russian President Vladimir Putin on Wednesday ordered a mobilization over Ukraine and accused the West of “nuclear blackmail” . European currencies …

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US Treasury official criticizes China’s ‘unconventional’ debt practices

Chinese yuan banknotes are seen in this illustration picture taken April 25, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register China is the world’s largest official creditor Lack of transparency, confidentiality agreements under fire Progress urged on Common Framework debt deals for Zambia, others WASHINGTON, Sept 20 (Reuters) – A top …

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Stocks tense, dollar bullish for central bank binge

Passersby wearing protective face masks walk past a stock quotation board in Tokyo, Japan February 24, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 S&P 500 futures slip, Nikkei futures down Fed leads pack of central bank meetings Market leaning toward 75 bp from Fed, PBOC eases Dollar firm near …

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Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where …

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European stocks extend losses as slowdown warnings weigh

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 16 (Reuters) – European stocks dipped on Friday and Europe’s benchmark German 10-year bond yield hit its highest since mid-June as investors braced for a US rate hike while warnings from the World Bank and the International Monetary Fund fanned fears of a slowdown. …

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Biden hops into Corvette, declares Detroit ‘back’ at EV-focused auto show

Register now for FREE unlimited access to Reuters.com Register DETROIT, Sept 14 (Reuters) – President Joe Biden took a victory lap on Wednesday at the Detroit auto show as he highlighted automakers’ electric-vehicle push, including billions of dollars in investments in battery plants, on the back of new government support. Self-declared “car guy” Biden climbed …

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