The US Federal Reserve this week is poised to raise its benchmark interest rate amid burgeoning job growth and a surge of market optimism since President Donald Trump took office. Central bankers on Friday likely got the final push they needed, if they were in any doubt, after a strong employment showing 235,000 net new … Read more
Asian stocks rallied to 1-1/2-year highs on Monday, helped by renewed hopes over U. S. President Donald Trump’s tax reform plans, generally upbeat global economic data and a rebound in some commodities. The U.S. dollar rose against the yen on relief that Trump set aside tough campaign rhetoric over security and jobs in a relaxed … Read more
Japanese trust banks are preparing to sue Toshiba Corp over its 2015 accounting scandal, a fresh headache for the conglomerate as it scrambles to offset a separate imminent multi-billion dollar writedown. The news follows an announcement by the struggling conglomerate on Friday that it will sell a minority stake in its memory chip business to … Read more
The dollar slid broadly on Monday after U. S. President Donald Trump struck a protectionist tone in his inauguration speech, undermining optimism over the U.S. economy spurred by his promises of tax cuts and other stimulus. Japan’s Nikkei dropped 1.1 percent while shares in Australia dropped 0.8 percent after the Trump administration, on its first … Read more
The dollar slipped to a two-week low against the yen on Thursday, mirroring a fall in U. S. bond yields as weaker-than-expected economic data weighed on the greenback and waning risk appetite boosted Japan’s safe-haven currency. Japan’s Nikkei stock index .N225 – which tends to move in the opposite direction to the yen – shed … Read more