China’s yuan slides to near one-year low as economic risks mount
HONG KONG (Reuters) – China’s yuan fell beyond 6.20 to the dollar on Wednesday for the first time since April last year amid market speculation the central bank will keep the currency weak as economic growth slows.
BMW says expects to improve product pricing with new models
MUNICH (Reuters) – BMW Chief Financial Officer Friedrich Eichiner said on Wednesday the launch of new models such as the BMW Active Tourer as well as the X4 sports utility vehicle will help the Munich-based premium auto maker to improve pricing.
Japan’s Abe hopes wage increases will spread to medium-sized firms
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Wednesday he expects that moves to raise the wages of the country’s workers will spread from large companies to medium-sized firms.
Shares slip ahead of Fed, investors eye Russia-Ukraine
LONDON (Reuters) – Stock markets slipped on Wednesday, while major bond and currency markets held steady ahead of a U.S. Federal Reserve policy decision later in the day and as military tensions between Ukraine and Russia ratcheted up.
Tepid exports cloud Japan outlook, more BOJ stimulus seen after sales tax rise
TOKYO/OTSU (Reuters) – Japan’s annual export growth in February was short of market expectations and a Bank of Japan policymaker warned about the outlook as the world’s third-largest economy faces a sales tax hike next month that could dent economic ac…
MAD support for bonds even as fingers point at Russia
LONDON (Reuters) – As Russia appeared to dump U.S. Treasury debt this month in the thick of a tense East-West standoff over Crimea, bond markets barely blinked – raising questions about just how brewing crises across the developing world may feed back …
Oracle quarterly results disappoint Wall Street; shares fall
SAN FRANCISCO (Reuters) – Oracle Corp posted higher third-quarter revenue and profit that failed to satisfy investors looking for signs of a sustained turnaround and its shares fell about 4 percent.
Toyota in U.S. settlement over unintended acceleration: CNN
WASHINGTON (Reuters) – The U.S. Justice Department has reached a $1 billion settlement with Toyota Motor Corp over the automaker’s handling of consumer complaints tied to unintended vehicle acceleration and is set to announce the agreement as early as …
Sony Pictures to cut 216 jobs in California
(Reuters) – Sony Pictures Entertainment plans to cut 216 jobs in California and has filed with the state Employment Development Department, according to a person familiar with the matter.
BOJ tipped to ease by July; GDP, inflation weak: Reuters poll
TOKYO (Reuters) – The Bank of Japan will ease policy again by July as prospects for higher inflation remain remote and the outlook for the economy weakens, a Reuters poll found.
