Same-old, Same-old, Japan Sticks To Forex Stance Even As Yen Slide Steepens
Japanese policymakers held fast to their usual line on yen weakness on Wednesday, stating that rapid moves were undesirable, but confounded expectations they may escalate warnings about the sliding currency as it fell to fresh 20-year lows.
Hi-tech Herd: Spain School Turns Out 21st-century Shepherds
Hi-tech herd: Spain school turns out 21st-century shepherds
Zara Owner Inditex Bucks Retail Trend As Sales Boom
Fashion giant Zara's owner Inditex reported an 80% jump in first-quarter profit on the back of soaring sales as consumers refreshed their wardrobes after months spent stuck at home during the pandemic lockdowns.
Against Type: Russian Print Artist Makes Posters For Peace
Against Type: Russian print artist makes posters for peace
S.Korea's LG Energy Solution Launches Nickel Processing Plants In Indonesia
South Korea's LG Energy Solution (LGES) on Wednesday broke ground on nickel processing plants in Indonesia, part of the company's $9.8 billion investment in the country to produce electric vehicle batteries.
World Bank Slashes China Growth Forecast Over Covid Damage
World Bank slashes China growth forecast over Covid damage
Credit Suisse Flags Q2 Loss In Latest In String Of Profit Warnings
Credit Suisse warned on Wednesday of a likely second-quarter loss as volatility hit its investment bank, the third quarter in a row for which Switzerland's second-largest bank has issued a profit warning.
Brazil Police Question Fishermen Over Missing British Journalist, Indigenous Expert
Brazilian police investigating the disappearance of a British journalist and an indigenous expert in the Amazon rainforest have questioned a possible suspect among several fishermen known to have clashed with authorities earlier over fishing rights.
Nike Says To End Run Club App In China; To Offer 'Localised Solution'
Nike Inc, the world's largest sportswear maker, is discontinuing its popular Nike Run Club (NRC) App in China from July, the company said on Wednesday, the latest reassessment by a U.S.
India Raises Rates For Second Straight Month To Tackle Racing Inflation
The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, in the second hike in as many months, in a bid to cool persistently high inflation.
India Cbank Hikes Rates For Second Straight Month; Drops 'Accommodative' From Stance
The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia's third-largest economy.
India's RBI Hikes Rates As Inflation Pressures Build; Drops 'Accommodative' From Stance
The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia's third-largest economy.
Turkey's Lira, Bonds Extend Decline On Inflation, Rate Cut Concerns
Turkey's lira tumbled more than 2% against the U.S.
S.Korea, U.S., Japan Lambaste N.Korea Missile Tests, Urge Return To Talks
North Korea's recent missile tests were "serious, unlawful" provocations, senior officials from South Korea, the United States and Japan said on Wednesday, urging Pyongyang to return to dialogue and accept offers of COVID-19 aid.
Thai Railway Market Back On Track Post-pandemic
Thai railway market back on track post-pandemic
Asia Stocks Advance As Investors Weigh Impact Of Hawkish Central Banks
Asia stocks rose on Wednesday, encouraged by a rally on Wall Street, but gains were kept in check by worries that aggressive central bank policy tightening will stifle global growth and raise the risks of stagflation.
European Stocks Slip; Markets Raise ECB Rate Hike Bets
European stocks slipped on Wednesday and Wall Street futures were in the red as worries that central bank tightening will stifle global growth weighed on markets.
Wall Street Futures Slip As Growth Fears Mount
European stocks fell on Wednesday and Wall Street futures were in the red as worries about weak global growth in the face of central bank tightening weighed on markets.
Shares Waver As Sentiment Ebbs On Rate Fears, Yields Rise
U.S. and European stocks slid on Wednesday as the outlook for rate hikes sullied sentiment, while bond yields rose after euro-zone gross domestic product beat expectations, adding to bets of a more hawkish European Central Bank.
Nigeria's Ruling Party Picks Ex-Lagos Governor As 2023 Candidate
Nigeria's ruling party picks ex-Lagos governor as 2023 candidate
Rocketing Petrol Prices Fuel British PM's Woes
Rocketing petrol prices fuel British PM's woes
Out Of The Frying Pan: Indonesians Pay Price Of Cooking Oil Crisis
Out of the frying pan: Indonesians pay price of cooking oil crisis
Taiwan's TSMC Says No Plans For Now To Build Factories In Europe
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Wednesday it has no concrete plans for factories in Europe - remarks that come amid efforts by the European Union to encourage Taiwanese firms to manufacture chips there.
Yen Slides As Europe Braces For Rate Hikes
The yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among peers in sticking to ultra easy monetary policy.
Yen Keeps Sliding As Europe Braces For Rate Hikes
The yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among its peers in sticking to ultra easy monetary policy.
Euro Hits 7-year Peak Vs Yen Ahead Of ECB Announcement
The euro hit a seven-year peak against the yen on Wednesday ahead of a European Central Bank (ECB) rate-setting meeting on Thursday that is likely to leave the Bank of Japan (BoJ) standing alone with ultra-loose monetary policy.
Yen Tumbles Against Euro As Central Bank Policy Diverges
The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year.
The US Capitol Riot Public Hearings: Six Questions
The US Capitol riot public hearings: six questions
Biden Envoy To Visit Marshall Islands As U.S. Concerns Grow About China's Pacific Push
President Joe Biden's special envoy for talks with three tiny but strategically important Pacific island nations will lead a delegation to the Marshall Islands next week amid growing U.S.
Helium Shortage Deflates American Celebrations
Helium shortage deflates American celebrations