Page 104 - Christopher Cushing News Today

The yen fell on Monday, extending losses from a volatile session at the end of last week after the Bank of Japan (BOJ) loosened its grip on interest rates, but was still on track to reverse three consecutive months of declines. On Friday, the yen went into a tailspin as traders tried to determine the implications of the BOJ's move to maintain ultra-low rates while making its bond yield curve control (YCC) policy more flexible and loosening its defence of a long-term rate cap. "The BO...

Two of Japans megabanks reported solid quarterly profit on Monday amid hope that the Bank of Japans policy change would herald a sea change in their business after years of being squeezed by...

By Makiko Yamazaki and Anton Bridge TOKYO (Reuters) -Two of Japan's megabanks reported solid quarterly profits on Monday amid hopes the Bank of Japan'...

Japanese factory output improved in June for the first time in two months, government data showed on Monday, highlighting growing confidence among manufacturers buoyed by strong demand. ...

The Bank of Japan (BOJ) has tweaked its bond yield control policy and will allow interest rates to rise more freely, action that market participants have interpreted as the start of a slow shift away from decades of massive monetary stimulus. Since 2016, the BOJ has guided short-term interest rates at minus 0.1% and the 10-year government bond yield at around 0% in action known as yield curve control (YCC). The BOJ made no changes to the yield targets or allowance band on Friday.

Former U.S. President Donald Trump and two of his employees are facing new charges in the criminal case over the retention of sensitive government records at Trump's Mar-a-Lago estate in Palm Beach, Florida. Trump now faces 40 charges in the case, after originally being indicted on 37 counts last month. The new indictment charges Trump, his co-defendant and valet Nauta and a third Trump employee, De Oliveira, with attempting to delete security footage at Mar-a-Lago after they were sent a ...

PARIS (Reuters) - The French economy managed to grow significantly more than expected in the second quarter, preliminary data from the INSEE statistic...

(Reuters) -French drugmaker Sanofi on Friday increased its guidance for full-year earnings, citing strong sales of anti-inflammatory treatment Dupixent and closely-watched new drug launches. The Paris-based drugmaker predicted an increase in 2023 adjusted earnings per share by a "mid single-digit" percentage, excluding the effect of currency swings. The negative currency impact on 2023 earnings would likely be between 6.5% and 7.5%.

By Ludwig Burger (Reuters) -French drugmaker Sanofi on Friday increased its guidance for full-year earnings, citing strong sales of anti-inflammatory ...

A Chinese aircraft-use measuring instrument manufacturer said it plans to issue $2.45 billion worth of new stock to a state-owned aviation and defence firm that effectively controls it, in...