By John McCrank NEW YORK (Reuters) -The yen surged on Friday, adding to earlier gains on speculation the Bank of Japan (BOJ) will revise its ultra-loose monetary policy, while the dollar edged up against most other major currencies, rising off of a seven-month low. The yen was up 1.06% against the greenback at 127.92 yen …
Yen jumps on BOJ policy speculation, dollar edges off 7-month low Read More »
By Niket Nishant and Saeed Azhar (Reuters) -JPMorgan Chase & Co, the biggest lender in the United States, said on Friday it set aside $1.4 billion in anticipation of a mild recession, even as it beat forecasts for quarterly profit on the back of a strong performance at its trading unit. JPMorgan and other banks …
JPMorgan beats profit estimates, sees mild recession Read More »
By Seher Dareen (Reuters) – Gold prices scaled an over eight-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve. Spot gold rose 1.3% to $1,920.70 per ounce by 2:11 p.m. ET (1911 GMT), the highest since …
Gold rises over 1% on slower Fed rate-hike prospects Read More »
By Richard Cowan and Moira Warburton WASHINGTON (Reuters) – U.S. Representative George Santos said on Thursday he would vacate his seat only if he loses the next election, clarifying an earlier statement that he would resign if “142 people” asked him to because of a string of false claims he made about his work and …
U.S. Rep. Santos says he won’t resign, only leave if voted out in next election Read More »
By Maki Shiraki, Gilles Guillaume and David Dolan TOKYO/PARIS (Reuters) – A committee of Nissan’s board is set to meet next week to consider proposals from Renault to address a sticking point in talks to restructure the alliance between the two automakers, two people with knowledge of the matter said. Specifically, Nissan directors will consider …
Exclusive-Nissan to consider Renault proposal on IP safeguards-sources Read More »
By Tim Kelly TOKYO (Reuters) – Before meeting President Joe Biden in Washington D.C., Japanese Prime Minister Fumio Kishida visited Italy, France, Britain and Canada, in part to forge security ties that could help it fend off China, North Korea and Russia. ROUGH NEIGHBOURHOOD In June, Japan’s defence minister at the time, Nobuo Kishi, said …
Explainer-Why Japan is seeking military ties beyond its U.S. ally Read More »
By Mehnaz Yasmin and Carolina Mandl (Reuters) – Citigroup Inc reported a 21% fall in quarterly profit on Friday, missing forecasts, as the bank increased provisions to prepare for a worsening economy and investment banking revenue declined due to a sharp drop in dealmaking activity. Fears of a potential recession prompted Citi to add $640 …
Citigroup misses profit estimates on provision hike, dealmaking slowdown Read More »
By Kanishka Singh WASHINGTON (Reuters) – Robert Hur, who was named special counsel to investigate whether President Joe Biden had improperly handled sensitive government documents, is a former high-ranking Justice Department official with experience in sensitive leak investigations. Tapped for the role by U.S. Attorney General Merrick Garland on Thursday, Hur was the U.S. attorney …
Who is Robert Hur, special counsel on Biden classified document probe? Read More »
By Manya Saini and Lananh Nguyen (Reuters) -Bank of America Corp reported a bigger-than-expected fourth-quarter profit on Friday, helped by a surge in net interest income as the U.S. Federal Reserve raised rates through most of last year. The ‘higher-for-longer’ rate environment to battle decades-high inflation has underpinned profits at consumer banks, with analysts expecting …
Bank of America profit tops estimates as higher rates boost income Read More »
CHIBA, Japan (Reuters) – In an eye-catching bid to show that cars can be clean while appealing to old-school petrolheads, Toyota Motor on Friday showcased zero-emission versions of its 1980s sports range, which still boasts a strong global fan base. At an industry event for customised cars in Chiba, east of Tokyo, the Japanese automaker …
Back to the future: Toyota sets sights on old-car upgrades in zero-emissions drive Read More »
