IMF, BOJ member say Japan needs to keep stimulus running
TOKYO/MIYAZAKI, Japan (Reuters) – The IMF on Wednesday urged Japan to maintain its massive monetary stimulus to boost consumer prices, a view echoed by a central bank board member, reinforcing expectations policy will remain accommodative.
IMF’s Lagarde warns protectionism, while now just words, may come to hurt Asia
TOKYO (Reuters) – Protectionist sentiment has not yet gone beyond mere words, International Monetary Fund Managing Director Christine Lagarde said on Wednesday, but would hurt Asian economies with open and free markets if it did.
‘Storm in a tea cup’ – Catalonia is no repeat of euro crisis
LONDON (Reuters) – Even though Catalonia’s bid for independence may be Spain’s worst political crisis in decades, it has been no Grexit, Brexit or even Frexit for foreign investors.
A year in: U.S. stock market under Trump’s shadow
NEW YORK (Reuters) – One year ago, when it became clear that Republican Donald Trump had pulled a historic upset to defeat Democrat Hillary Clinton to the U.S. presidency, futures in the Dow Jones Industrial Average tumbled nearly 900 points.
Peak oil? Majors aren’t buying into the threat from renewables
HOUSTON/LONDON (Reuters) – Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun.
Asia stocks notch succession of highs, China trade data mixed
SYDNEY (Reuters) – Asian shares wrung out another decade peak on Wednesday as data showed China’s demand for imports remained buoyant, while the dollar dipped amid concerns Republican plans for major U.S. tax cuts were running into headwinds.
U.S. Commerce chief Ross divesting shipping interests: official
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross has divested his interests in oil tanker company Diamond S Shipping and is in the process of selling off his holdings in another shipping firm, Navigator Holdings, a Trump administration offici…
Quick signoff on TPP trade deal far from sure at Asia-Pacific meeting
DANANG, Vietnam (Reuters) – Continuing disagreements over the Trans Pacific Partnership (TPP) trade deal ditched by U.S. President Donald Trump mean 11 remaining members may not be ready to give it a wholehearted go-ahead at a summit this week, officia…
Exclusive: Japan’s MUFG gets nod to bring U.S. state branches under federal regulation
NEW YORK (Reuters) – Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert state-supervised branches into federally regulated ones, a U.S. spokesman for the ban…
Asia stocks pause at peaks, ponder U.S. tax muddle
SYDNEY (Reuters) – Asian shares paused at decade peaks and the dollar dipped on Wednesday amid concerns Republican plans for major U.S. tax cuts were running into headwinds even before the Senate releases its own version of the proposals.
