NEW YORK—The Bank of Japan, which widened the trading band for 10-year Japanese government bonds (JGBs) on Tuesday, may have inflicted damage on the dollar against the yen, but Goldman Sachs analysts said there was further room for the greenback to rise. On Tuesday, the dollar plunged as much as 4 percent against the yen,…
US Dollar Likely Has Further Upside Versus Yen Despite BOJ Move: Goldman
December 22, 2022
admin
Asia & PacificBusiness & MarketsDollareconomic policieseconomyForexglobalGoldmanMarketsUSUS NewsWorldyen
0 Comment
UK Economy Shrank by More Than Previously Thought in 3rd Quarter
The UK economy contracted by more than previously thought between July and September and growth has been weaker than estimated throughout much of the past year, official data has revealed. According to new figures released by the Office for National Statistics (ONS) on Dec. 22, the UK’s GDP fell by 0.3 percent in the third…
Wall Street Opens Lower as Economic Data Renews Rate Hike Worries
Wall Street’s main indexes opened lower on Thursday as fresh data underscored strength in the U.S. economy and aggravated concerns over the Federal Reserve’s continued policy tightening. The Dow Jones Industrial Average fell 143.13 points, or 0.43 percent, at the open to 33,233.35. The S&P 500 opened lower by 25.18 points, or 0.65 percent, at…
Yen Rises, Underpinned by BOJ Policy Tweak; Dollar Retreats
SINGAPORE—The yen firmed on Thursday, returning towards a four-month peak against the dollar hit earlier in the week after the Bank of Japan’s surprise tweak to its bond yield control spurred bullish yen bets, while the dollar moved broadly lower. The yen rose about 0.5 percent to 131.85 per dollar, after surging to a four-month…
Oil Rises on Tight US Stocks as Winter Blast Hits
December 22, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices climbed for a fourth straight day and hit their highest in two and a half weeks on Thursday with U.S. crude, heating oil, and jet fuel stocks growing tighter just as a wintry blast hits the United States. Brent crude futures gained $1.17, or 1.4 percent, to trade at $83.37 at 1235 GMT,…
World Shares Mixed, Oil Jumps Following Rally on Wall Street
December 22, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
BANGKOK—World shares were mixed Thursday after a rally on Wall Street as investors welcomed a report showing U.S. consumer confidence is holding up despite the Federal Reserve’s campaign to fight inflation by raising interest rates. Germany’s DAX edged 0.1 percent lower to 14,081.26. The CAC 40 in Paris also lost 0.1 percent, to 6,578.93. Britain’s…
Australian Foreign Minister Raises ‘Principled View’ on Human Rights With Beijing, More Trade Talks to Come
December 21, 2022
admin
anthony albaneseAustraliaBusiness & Marketsccp economic coercionChinaChina Business & EconomyChina-Australia Relationseconomic policiesInternationalInternational RelationsPenny WongWang YiWorld
0 Comment
Foreign Minister Penny Wong has set out Australia’s position on human rights, trade blockages, and global security during high-level talks with Chinese Foreign Minister Wang Yi in Beijing on Dec. 21. As the first official visit to Beijing from an Australian minister in three years with Wong’s trip signalling a potential thaw in Australia-China diplomatic…
Fishermen Sue Biden Administration Over Mid-Atlantic Fishing Restrictions
December 21, 2022
admin
Business & Marketseconomic policiesfisheriesJudiciaryNew JerseyNew YorkPacific Legal FoundationPolicies & ImpactsRegional-Local NewsU.S. Department of CommerceUSUS News
0 Comment
Two East Coast fishermen are suing the Biden administration, claiming that a federal body that plans to curb their ocean catch is illegally constituted and therefore has no authority to issue such restrictive regulations. The lawsuit comes as legal challenges to the so-called administrative state, whose officials are not appointed by the president or subject…
US Single-Family Housing Starts Drop in November Due to High Mortgage Rates
December 21, 2022
admin
Business & Marketseconomic policieseconomyHome ConstructioninflationMarketsmortgage ratespersonal financePolicies & Impactsreal estaterecessionUSUS Real Estate
0 Comment
Monthly construction of new single-family homes and building permits fell to a two and a half year low in November. This was caused by higher mortgage rates combined with inflation, which further weakened housing market activity, according to a report from the U.S. Census Bureau, on Dec. 20. The single-family housing market once boomed during…
New Quota for British Fishermen Allows 30,000 Tonnes More Catch Than Before Brexit
The UK has been granted a quota of around 30,000 tonnes more catch following negotiations as a result of Brexit, the fishing minister announced. On Tuesday, the government announced a new quota deal with the EU that will take the total potential catches for UK trawlers in 2023 up to £750 million. Rows over fishing…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta