ECONOMY & MARKETS

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Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo

BOJ's Kuroda Weighs In To Warn Against 'Rapid' Yen Moves

Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings over the currency's recent sharp drop to 24-year lows.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo

Asia Shares Edge Higher As Dollar Eases

Asian shares crept higher as the dollar eased, with markets turning calmer after a record interest rate hike from the European Central Bank and hawkish comments from the U.S.
A view shows oil terminal Kozmino near Nakhodka

Oil Prices Near Eight-month Lows On Demand Concerns

Oil prices edged higher on Thursday, but remained near eight-month lows, as China's extension of COVID-19 lockdown measures exacerbated concerns a slowdown in global economic activity would hit fuel demand.
Federal Reserve Board Chair Jerome Powell speaks during a news conference, in Washington

Futures Head Lower Ahead Of Powell's Speech

U.S. stock index futures slipped on Thursday after a broad market rebound in the previous session, with investors looking ahead to Federal Reserve Chair Jerome Powell's speech for clues on monetary policy tightening plans.
Hang Seng Stock index in Hong Kong

Asian Stocks Extend Rally Despite Growing China COVID Concerns

Asian stocks rode a global rally on Thursday, making broad gains as oil prices steadied at lower levels not seen since before Russia's invasion of Ukraine, though China was an exception as weak data signalled more pressure on the COVID-hit economy.
Two women walk next to the Reserve Bank of Australia headquarters in central Sydney

Australia's Central Bank Opens Door To Slower Rate Hikes

Australia's top central banker opened the door on Thursday to slowing the bank's policy tightening after five rate increases in as many months, sparking a rally in bonds as markets scaled back bets on further aggressive moves.
Illustration picture of Japanese yen and U.S. dollar banknotes

Dollar Resumes Climb In Asia As Powell Speech, ECB Loom

The dollar resumed its rise in Asia on Thursday after falling back from a two-decade high overnight, as investors pondered the path of global monetary policy ahead of a European Central Bank rate decision and comments from Federal Reserve Chair Jerome Powell later in the day.

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