TOKYO—The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and factory output, as Asian factory shutdowns caused supply-chain disruptions for some manufacturers. As widely expected, the BOJ maintained its short-term interest rate target at—0.1 percent and that for 10-year government bond yields around zero percent. “Exports and…
BOJ Keeps Policy Steady, Offers Gloomier View on Exports and Output
French Fiscal Watchdog Sees Smaller Deficit Than Expected by Government
PARIS—France’s public sector budget deficit is likely to come in smaller than expected this year and any extra tax income should go towards reducing the public debt, the budget oversight panel said on Wednesday. The government is forecasting a budget deficit this year of 8.4 percent of gross domestic product, falling to 4.8 percent next…
FedEx Labor Shortfall Hits Quarterly Profit, Earnings Forecast
U.S. delivery firm FedEx Corp. posted a 7 percent drop in quarterly profit and cut its full-year forecast on Tuesday, after labor shortages crimped earnings, slowed packages and drove up costs ahead of the all-important holiday peak season. Shares in the Memphis, Tennessee-based company fell 4.6 percent to $240.50 in extended trading after FedEx said staffing…
Taiwan August Export Orders Seen Rising for 18th Consecutive Month: Poll
TAIPEI—Taiwan’s export orders likely rose in August for the 18th consecutive month, a Reuters poll showed on Wednesday, buoyed by sustained demand for technology products during the COVID-19 pandemic and ahead of the year-end holiday shopping season. The median forecast from a poll of 18 economists expects export orders to jump 20.7 percent from the…
Top US Trade Official to Have Meeting With WTO Chief on Wednesday
September 22, 2021
admin
Business & EconomyEconomieseconomyExecutive BranchInternationalkatherine taimeetingNgozi Okonjo-IwealaofficialPoliticstradeUSUS NewsWorldWTO
0 Comment
U.S. Trade Representative Katherine Tai will have an online meeting on Wednesday with Ngozi Okonjo-Iweala, the director-general of the World Trade Organization, Tai’s media office said, weeks before it holds an import ministerial conference. Tai spoke by telephone earlier this month with the head of the WTO and acknowledged the “difficult logistical challenges” facing the…
Risk-Sensitive Currencies Perked up by Evergrande, Dollar Anchored Before Fed
September 22, 2021
admin
Asia & PacificAustraliaBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesCurrenciesDollarEconomieseconomyEuropeevergrandeFedInternationalMarketsriskUSWorld
0 Comment
LONDON—Risk-sensitive currencies such as the Australian dollar and Chinese yuan jumped and the safe-haven yen eased slightly on Wednesday after Chinese property giant Evergrande said it would make an upcoming yuan bond coupon payment, allaying immediate fears of a default. Some of the excitement fizzled, however, after traders realised it was still not known whether…
Bundesbank Says Germany’s Banking System Strong Despite Pandemic
BERLIN—Germany’s banking system is still robust despite a year and half of the COVID-19 pandemic but the crisis is not over yet, Bundesbank board director Joachim Wuermeling said on Wednesday. Wuermeling said the Bundesbank will restore normal regulatory requirements for banks but will make sure not to overburden lenders, warning of possible significant credit defaults…
Germany’s Ifo Institute Slashes 2021 GDP Growth Forecast to 2.5 Percent
BERLIN—Germany’s Ifo economic institute has cut its growth forecast for Europe’s largest economy for this year as supply chain disruptions and a scarcity of chips and other intermediate goods are slowing down the recovery from the COVID-19 pandemic. The institute now sees Germany’s gross domestic product (GDP) growing 2.5 percent this year, down 0.8 percentage…
Oil Prices Rise on Expected US Stocks Draw
September 22, 2021
admin
Business & EconomyCompaniesEconomieseconomyInternationalLocal NewsMarketsOilpricesRegional-Local NewsrisestocksTexasUKUSUS NewsWorld
0 Comment
LONDON—Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. Prices were also supported as some OPEC members struggle to raise output and by a general sense of energy…
Taiwan Condemns China’s Fruit Ban as a ‘Hostile Act’
September 22, 2021
admin
Asia & PacificBusiness & EconomyChinaChina Business & Economychina-taiwanChina's import banChinese Regimecustard appleEconomiesSpecial TopicsSubverting Taiwanwax appleWorld
0 Comment
China notified Taiwan on Sunday of its decision to halt imports of wax and custard apples from the democratically governed island, stating that the ban would take effect Monday. Taiwan denounced the move as a “hostile act.” Taiwanese Foreign Minister Joseph Wu stated on Twitter that, following a series of military threats, China is weaponizing…
-
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