Business

BOJ`s Funo: Trump policy uncertainty a risk to Japan`s economy

BOJ`s Funo: Trump policy uncertainty a risk to Japan`s economy

Published 22/03/2017

FILE PHOTO: Newly-appointed Bank of Japan (BOJ) board member Yukitoshi Funo arrives at his inauguration news conference at the BOJ headquarters in Tokyo, July 1, 2015. REUTERS/Toru Hanai

Bank of Japan board member Yukitoshi Funo said on Wednesday uncertainty over the new U.S. administration's trade, industrial and fiscal policies was among the risks to Japan's economy.

[more…]

China`s Geely doubles earnings as Volvo tech boosts sales

China`s Geely doubles earnings as Volvo tech boosts sales

Published 22/03/2017

FILE PHOTO: Employees work along a Geely Automobile Corporation assembly line in Cixi, Zhejiang province June 21, 2012. REUTERS/Carlos Barria/File Photo

China's Geely Automobile Holdings Ltd (0175.HK) posted its biggest profit growth in eight years on Wednesday, as improved product design and engineering following its 2010 purchase of Sweden's Volvo helped propel it to record sales.

[more…]

Fed`s Kaplan sees three rate hikes in 2017, no rush on balance sheet

Published 22/03/2017

With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said.

[more…]

Airbnb makes growth push in China with plans to double investment

Airbnb makes growth push in China with plans to double investment

Published 22/03/2017

Brian Chesky, CEO and Co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. REUTERS/Mike Segar

Airbnb, the online marketplace for short-term lodging, is expanding its business in China, hoping to spur growth in the world's most populous country and a major tourist destination.

[more…]

Asia firms` confidence hits near two-year high on U.S., China pick-up: Thomson Reuters/INSEAD

Asia firms` confidence hits near two-year high on U.S., China pick-up: Thomson Reuters/INSEAD

Published 22/03/2017

FILE PHOTO- Potential buyers look at models of a new public housing estate to be constructed in Singapore February 13, 2017. REUTERS/Edgar Su/File Photos

Business sentiment at Asia's top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed.

[more…]

Wall Street should avoid cutting foreign bank ties: U.S. regulator

Wall Street should avoid cutting foreign bank ties: U.S. regulator

Published 22/03/2017

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly

U.S. banks should not cut ties with foreign clients over money- laundering worries unless officials have concrete cause for concern, a leading U.S. regulator is telling staff and lenders.

[more…]

Hot U.S. real estate a potential red flag: Fed`s Rosengren

Hot U.S. real estate a potential red flag: Fed`s Rosengren

Published 22/03/2017

FILE PHOTO: Construction is seen in the Hudson Yards area of the West Side of Manhattan in New York U.S., November 21, 2016. REUTERS/Shannon Stapleton

The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool the sector.

[more…]

Asia stocks set for best week since July, dollar dips further after Fed

Asia stocks set for best week since July, dollar dips further after Fed

Published 17/03/2017

FILE PHOTO: A man walks past an electronic board showing Japan's Nikkei average (top L), the Dow Jones average (top R) and the stock averages of other countries' outside a brokerage in Tokyo, Japan, January 26, 2017. REUTERS/Kim Kyung-Hoon

Asian stocks advanced on Friday and looked set for their best week since July, while the dollar extended a slide that began after the Federal Reserve indicated it was unlikely to speed up monetary tightening.

[more…]

Fed`s path piles pressure on Japan`s bond yield control policy

Published 17/03/2017

The Bank of Japan's ambitious yield curve control policy is under attack from rising global bond yields and volatility, and analysts say the Federal Reserve's monetary tightening cycle could force Japan to abandon it sooner rather than later.

[more…]