Japan policymakers warn against rapid yen weakening

Japan policymakers warn against rapid yen weakening

TOKYO — Japan will carefully watch foreign exchange market moves to avoid “bad yen weakening,” Minister of Finance Shunichi Suzuki said on Tuesday, as Tokyo tries to navigate the economic impact of the rapidly rising cost of imports from a weakening currency. Previously, Suzuki has repeated that currency stability was important and the weak yen…

China’s Central Bank May Gradually Shift Away From RRR Cuts

China’s Central Bank May Gradually Shift Away From RRR Cuts

Bloomberg) — The People’s Bank of China may soon need to move away from using the reserve requirement ratio as a tool to spur liquidity and growth in the economy since it’s already at relatively low levels and is becoming less effective in addressing the structural challenges facing the economy. …

Iran Says Deal Hinges on U.S. Removing IRGC From Terror List

Iran Says Deal Hinges on U.S. Removing IRGC From Terror List

Bloomberg) — Iran said it had agreed with France, Germany and the U.K. on a draft text to revive a beleaguered nuclear pact, but that a deal hinged on the U.S. ending its designation of the Islamic Revolutionary Guards Corps as a terror organization. “We have agreed on the text of a deal with the…

Ukraine Update: Zelenskiy Says Russia Realizes More Talks Needed

Ukraine Update: Zelenskiy Says Russia Realizes More Talks Needed

Bloomberg News (Bloomberg) — Russia is relying on “indiscriminate” bombardment after heavy troop casualties in the month after its invasion, the U.K. said. Russia’s military said it’s focusing on taking full control of Ukraine’s eastern Donbas region, a signal that the Kremlin may be backing away from more ambitious military gains after a month of…

U.S., EU strike LNG deal as Europe seeks to cut Russian gas

U.S., EU strike LNG deal as Europe seeks to cut Russian gas

BRUSSELS/BERLIN — The United States will work to supply 15 billion cubic meters (bcm) of liquefied natural gas (LNG) to the European Union this year to help wean it off Russian gas supplies, the transatlantic partners said on Friday. The EU is aiming to cut its dependency on Russian gas by two-thirds this year and…

Fed’s Evans sees ‘brisk pace’ for balance sheet runoff

Fed’s Evans sees ‘brisk pace’ for balance sheet runoff

Chicago Federal Reserve President Charles Evans said on Thursday he supports starting to trim the U.S. central bank’s nearly $9 trillion balance sheet “relatively quickly” and favors a “pretty brisk pace” for the coming runoff. Fed Chair Jerome Powell said this week that the central bank will begin paring its balance sheet as soon as…

Open banking presents ‘an opportunity, not a problem’ for credit unions, Meridian CEO says

Open banking presents ‘an opportunity, not a problem’ for credit unions, Meridian CEO says

Credit unions have an edge over big banks when it comes to sharing data across the financial landscape, says Jay-Ann Gilfoy…

New trade deal to lift tariffs on British steel, U.S. motorcycles, whiskey

New trade deal to lift tariffs on British steel, U.S. motorcycles, whiskey

The United States and Britain ended a four-year dispute over U.S. steel and aluminum tariffs on Tuesday, pledging to work together to counter China in a deal that also removes retaliatory tariffs from U.S. motorcycles, whiskey and other products. In a joint statement, U.S. Commerce Secretary Gina Raimondo and U.S…

Alphabet unit Waymo says ready to launch driverless vehicle services in San Francisco

Alphabet unit Waymo says ready to launch driverless vehicle services in San Francisco

SAN FRANCISCO — Alphabet Inc’s Waymo unit said on Monday that it is ready to remove safety drivers from its autonomous vehicles in San Francisco, without elaborating on the timeframe for launching fully driverless services. Waymo in August started giving autonomous rides free of charge to a limited number of people in San Francisco…

Asian FX slips on Ukraine jitters, Malaysia leads stock losses

Asian FX slips on Ukraine jitters, Malaysia leads stock losses

Most Asian currencies started the week on a negative footing on Monday, with the South Korean won and Thai baht leading losses as investors assessed the fallout from an intensifying Russia-Ukraine conflict, while regional equities were mixed. The Malaysian ringgit and the Philippine peso slipped about 0.2% each…

Ukraine conflict opens diplomatic and energy opportunities for Qatar

Ukraine conflict opens diplomatic and energy opportunities for Qatar

DOHA — Russia’s invasion of Ukraine has opened up diplomatic and commercial opportunities for gas exporter Qatar to expand energy sales to the West and bolster its alliance with Washington amid U.S. tensions with other Gulf Arab states. Qatar has sought a largely neutral stance on the conflict…

CVC plans to list on Euronext exchange rather than London – FT

CVC plans to list on Euronext exchange rather than London – FT

Europe’s biggest private equity firm CVC Capital Partners is planning to shun London and take its multi-billion-euro initial public offering (IPO) to the Netherlands, the Financial Times reported on Saturday. The buyout firm has told potential investors that it is aiming to list on Amsterdam’s Euronext exchange and is targeting 25 billion euros for its…

Goldman Sachs COO paid $33 mln in 2021

Goldman Sachs COO paid $33 mln in 2021

Goldman Sachs Group Inc said on Friday Chief Operating Officer John Waldron’s total compensation for 2021 was $33 million. (Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel…

Wall Street stocks, oil prices rise after aggressive Fed hike outlook

Wall Street stocks, oil prices rise after aggressive Fed hike outlook

NEW YORK — Wall Street stocks rebounded from early losses on Thursday as investors weighed economic implications of the Federal Reserve’s surprisingly aggressive interest rate stance, while oil prices rose on supply shortage concerns arising from the Russia-Ukraine conflict. The Fed announced a quarter of a percentage point increase to near-zero interest rates on Wednesday…

Top U.S. port sets import record, eyes China COVID risk

Top U.S. port sets import record, eyes China COVID risk

LOS ANGELES — The busiest U.S. seaport expects its robust flow of imports to continue in the near term, but is closely monitoring COVID-19 shutdowns in major cities in China, its executive director said on Wednesday. “In the weeks ahead, we expect to see an increase in vessels headed our way as retailers to get…

Canada’s Globalive offers $2.9 bln to buy Freedom Mobile – The Globe And Mail

Canada’s Globalive offers $2.9 bln to buy Freedom Mobile – The Globe And Mail

Canadian investment firm Globalive Capital Inc has offered to buy Shaw Communications Inc’s wireless telecoms unit Freedom Mobile for C$3.75 billion ($2.94 billion) in cash, The Globe and Mail reported on Tuesday, citing a source. The report comes as Rogers Communications Inc seeks regulatory approval for its C$20 billion takeover deal with Calgary-based Shaw…

China Jan-Feb industrial output, retail sales, investment beat forecasts

China Jan-Feb industrial output, retail sales, investment beat forecasts

BEIJING — China’s factory output unexpectedly picked up pace in the first two months of the year while retail sales beat expectations, even though the country is grappling with a surge in COVID-19 cases, a property market downturn and heightened global uncertainties. Industrial output rose 7.5% in January-February from a year earlier…

Shares gain as oil slips on hopes for Ukraine progress

Shares gain as oil slips on hopes for Ukraine progress

SYDNEY — Most share markets firmed and oil slid on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting continued to rage, while bond markets braced for rate rises in the United States and UK this week. While Russian missiles hit a large Ukrainian base near the border with Poland on Sunday…

Shares gain as oil slips on hopes for Ukraine progress

SYDNEY — Most share markets firmed and oil slid on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting continued to rage, while bond markets braced for rate rises in the United States and UK this week. While Russian missiles hit a large Ukrainian base near the border with Poland on Sunday…

Austria’s OMV restricts Hungary fuel sales

Austria’s OMV restricts Hungary fuel sales

Austria’s OMV began restricting fuel sales at its filling stations in Hungary on March 8 after a government cap on prices sparked a buying spree among consumers, a company spokesperson told Reuters on Friday. Ministers introduced a cap on retail fuel prices at 480 forints ($1.39) per liter in November and extended the measure on…