Article content FUKUSHIMA — Bank of Japan (BOJ) board member Junko Nakagawa said on Wednesday the central bank must maintain ultra-loose monetary policy for the time being, as the economy has yet to sustainably achieve its 2% inflation target. She also said more time was needed to gauge whether the BOJ’s decision in December to […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Ira Dugal Published Mar 01, 2023 • 3 minute read Join the conversation Article content MUMBAI — The apparent slowdown in India’s GDP growth in the October-December quarter has been driven to a large extent by revisions to past data, economists said, adding that the […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Tim Cocks Published Mar 01, 2023 • 3 minute read Join the conversation Article content LAGOS — For much of his political career, Nigerian President-elect Bola Tinubu has exerted power from behind the scenes, widely regarded as a “godfather” who uses an extensive […]
Article content TOKYO — Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday he had ideas on how the central bank could exit its massive stimulus, but a shift to tighter policy would only come when the country’s trend inflation heightens significantly. The central bank will reduce its bond buying and likely head […]
Article content TOKYO — Japan’s Nikkei settled lower on Monday, taking cues from Wall Street as investors braced for higher-for-longer U.S. interest rates after a slew of strong economic data. The index sank as much as 0.59% before regaining some ground to close 0.11% lower at 27,423.96. That kept it near the middle of its […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Clyde Russell Published Feb 27, 2023 • 3 minute read Join the conversation Article content NEW DELHI — Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s second-biggest […]
Article content TOKYO (AP) — Nissan is speeding up its shift toward electric vehicles, especially in Europe where emissions regulations are most stringent, the company said Monday. Nissan Motor Co. said in a statement that it will make practically all its offerings in Europe electric or series-hybrids by fiscal 2026, at 98%. That’s up from […]
Breadcrumb Trail Links PMN Business Article content KYIV — The United States warned China of serious consequences if it provided arms to support Russia’s invasion of Ukraine, as Kyiv’s top general visited the frontline town of Bakhmut where Ukrainian defenders were holding out against constant attacks. Air raid sirens blared in the capital Kyiv and […]
Article content Ukraine’s military said on Sunday that Russia conducted unsuccessful offensives near Yahidne over the past day, after Russia’s Wagner mercenary group claimed to have captured the village in eastern Ukraine near the focus on intense fighting. The General Staff of Ukraine’s Armed Forces said in a morning update that Russia keeps concentrating its […]
Article content BEIJING — Chinese ambassador to the European Union Fu Cong said European Commission President Ursula von der Leyen and European Council President Charles Michel may visit China in the first half of 2023, China’s state-backed Global Times reported. Preparations for the visit by the EU’s top two officials are under way and “very […]