Japan's central bank tweaked its longstanding monetary easing programme on Tuesday, in a surprise move that saw the yen strengthen quickly against the dollar while Tokyo stock markets fell.. The move saw the yen strengthen rapidly against the dollar, with the greenback falling from a daily high of 137 yen to 133 yen within minutes of the decision.
The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest economy.. "Economic activity in China continues to track the ups and downs of the pandemic -- outbreaks and growth slowdowns have been followed by uneven recoveries," the World Bank said in a press release.
Japan's central bank tweaked its longstanding monetary easing programme on Tuesday, in a surprise move that saw the yen strengthen quickly against the dollar while Tokyo stock markets fell.. The move saw the yen strengthen rapidly against the dollar, with the greenback falling from a daily high of 137 yen to 133 within minutes of the decision.
Most markets fell in Asia on Tuesday following a sell-off in New York as traders fret that central bank efforts to tame inflation will tip economies into recession.. Adding to the selling pressure were comments from former New York Fed chief William Dudley, who told Bloomberg Television that any sign of optimism in markets could make monetary policymakers tighten even more.
Sam Bankman-Fried, wanted in the United States for fraud after the collapse of his FTX cryptocurrency group, remained in a Bahamas prison Monday after an abortive court hearing that was to consider his possible extradition.. After Bankman-Fried returned to prison, the Nassau Guardian and the local Eyewitness News cited his local attorneys as saying he had agreed to be voluntarily extradited to the United States.
EU energy ministers on Monday overcame months of wrangling to agree a price cap for natural gas in the bloc, drawing an immediate warning from Russia that the move was "unacceptable".. France's energy minister, Agnes Pannier-Runacher, said that, with the price cap agreed, attention must now turn to a longer-term reform of the EU's energy market, notably unhitching the price of gas from that of electricity. bur-rmb/pvh
The Commercial Bank of Ethiopia said Monday that it has resumed financial services in some towns in the war-torn region of Tigray, enabling residents to access their funds after a shutdown lasting more than a year.. The war left Tigray devastated and lacking access to basic services including banking, electricity, fuel and communications for more than a year.
US industrial giant Honeywell will pay $160 million to settle criminal and civil probes in Brazil and the United States over bribes in order to win business from two national oil companies, the government said Monday.. Besides the Petrobras matter, the SEC settlement also concerned charges that Honeywell in 2011 paid more than $75,000 in bribes to Algerian government officials to win business with Sonatrach, Algeria's state-owned oil company. jmb/sst
Auction house Christie's on Monday announced record sales of $8.4 billion in 2022, outshining its rival Sotheby's, which also posted its best-ever result at $8 billion for the year.. Last week, Sotheby's announced a year-end total sales projection of $8 billion, as compared with $7.3 billion in 2021.
EU energy ministers on Monday overcame months of wrangling to agree a price cap for natural gas in the bloc of 180 euros per megawatt hour, effective from mid-February.. Europe's benchmark price for natural gas delivered via pipeline was trading at just under 112 euros per megawatt hour on Monday.
