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Yen slumps after BOJ decision, dollar headed for monthly loss

By Rae Wee SINGAPORE (Reuters) - The Japanese yen fell on Friday after the Bank of Japan (BOJ) stood pat on its ultra-easy monetary policy, while the U.S. dollar was on track for a second straight

High inflation still top concern for global economy, say economists: Reuters poll

By Hari Kishan BENGALURU (Reuters) - Persistently high inflation remains the biggest economic concern this year even as most central banks are at or near the end-game for rate rises, according to

Asian stocks surge ahead of BOJ policy decision

By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rallied on Friday as strong corporate earnings helped lift sentiment even as worries over economic weakness lingered, while investors were also

Marketmind: Yen braces for Ueda’s BOJ debut

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Amidst a deluge of economic indicators across the continent and a screeching U.S. tech sector rally that's

Oil set for second weekly drop as recession fears, rates cloud outlook

By Yuka Obayashi TOKYO (Reuters) - Oil prices were little changed on Friday but are set for their second weekly drop as disappointing economic data from the U.S., the world's biggest crude user, and

Dollar headed for monthly loss; yen steady ahead of BOJ decision

By Rae Wee SINGAPORE (Reuters) - The U.S. dollar was on track for a second straight monthly loss on Friday on mounting expectations the Federal Reserve could soon end its aggressive rate-hike cycle,

Japan finmin: To discuss strengthening of currency swap lines with ASEAN

TOKYO (Reuters) - Japan will invite some emerging nations including India to an outreach meeting held at the Group of Seven advanced countries Japan chairs next month in the Japanese city of Niigata,

Marketmind: Yen braces for Ueda’s BOJ debut

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Amidst a deluge of economic indicators across the continent and a screeching U.S. tech sector rally that's

Wall Street notches biggest gain in months, Treasury yields rise on solid earnings

By Stephen Culp NEW YORK (Reuters) - U.S. stocks closed sharply higher on Thursday and Treasury yields resumed their climb as strong earnings helped investors look past signs of economic weakness. All

US dollar edges higher as GDP, jobless claims affirm rate hike bets

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is viewed as not likely to deter the Federal Reserve from

On Camera

Tirupati controversy shows temples can’t run as public sector units. They must be privatised

A private temple could make crores by selling better laddus and investing in goshalas and captive production units to control quality.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Indian envoy in Oman dons Army combat print for photo ops, sparks controversy

Ambassador Amit Narang wore combat uniform at closing ceremony of India-Oman joint military exercise. Only serving personnel can wear service uniforms, say veterans.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?