Author: Press Room
© Reuters. FILE PHOTO: Japan’s vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. REUTERS/Issei Kato By Takaya Yamaguchi TOKYO (Reuters) -Japan’s top currency diplomat Masato Kanda said on Wednesday authorities were on standby to respond to recent “one-sided, sharp” moves in the yen, escalating his warning to investors against pushing down the currency too much. “Speculative trading seems to be the biggest factor behind recent currency moves,” Kanda, vice finance minister for international affairs, told reporters on the yen’s declines.…
© Reuters. FILE PHOTO: Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo By Harry Robertson LONDON (Reuters) – Many of the world’s biggest bond funds are facing their third straight year of losses for the first time in roughly 40 years, as a relentless U.S. economy sends bond yields to their highest levels in more than a decade. Yet far from being put off, investors are loading up on bonds again in 2023 after bailing out of the market last year, drawn in by the same run-up in yields…
© Reuters. FILE PHOTO: The headquarters of energy pipeline operator Enterprise Products Partners seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo By Arathy Somasekhar HOUSTON (Reuters) – Energy pipeline operator Enterprise Products Partners (NYSE:) will expand its liquids (NGLs) operations, adding a pipeline from Texas’ Permian Basin, new plants to process natural gas, and converting an oil pipeline in Texas to NGLs, officials said on Tuesday. The energy infrastructure provider has sharpened its focus on NGLs that are used to make plastics and gasoline on rising global demand and a boom in U.S. exports. “We need NGL…
Bristol Myers names incoming top boss Christopher Boerner as board chair
© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Tuesday, while the yen slumped after the Bank of Japan maintained its ultra-dovish stance. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 106.122. Bank of Japan maintains dovish tone The was the first of this week’s major central banks to hold its policy-setting meeting earlier Tuesday, and it decided to keep interest rates negative, while only making minimal changes to its yield curve control policy. The central bank said it will allow…
The F.B.I. director warned Tuesday that the Israel-Hamas war had raised the potential for an attack against Americans to a new level and escalated threats against Jews and Muslims in the United States.Christopher A. Wray, the F.B.I. director, said foreign terrorist organizations had called for violence against Jews after the Oct. 7 terrorist attacks by Hamas assailants prompted Israel to besiege and bombard the Gaza Strip, where Hamas is in control.“We assess that the actions of Hamas and its allies will serve as an inspiration the likes of which we haven’t seen since ISIS launched its so-called caliphate several years…
Renewable or clean energy generation prices and costs, financial concept : Green eco-friendly … [+] symbols atop coin stacks e.g. energy efficient light bulb, a battery, a solar cell panel, a wind turbine.getty In the second of a two-episode series, Tim Jacobs of Hunton Andrews Kurth continues his discussion of the energy credits enacted in the Inflation Reduction Act and the proposed regulations. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: energy boost, part 2. We’re continuing our deep…
UNITED STATES – FSA Chief Operating Officer Richard Cordray, seen here when he was Consumer … [+] Financial Protection Bureau Director on July 15, 2015. The Biden administration announced it would penalize a federal student loan servicer due to widespread student loan payment errors. (Photo By Bill Clark/CQ Roll Call)CQ-Roll Call, Inc via Getty Images The return to student loan repayment is not going smoothly. The Biden administration revealed massive billing problems this week that are even more widespread than previously known. And the Education Department is asserting its oversight by imposing a penalty on a key federal student loan…
Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.A group of veteran US financial journalists is teaming up with investors to launch a trading firm that is designed to trade on market-moving news unearthed by its own investigative reporting.The business, founded by investor Nathaniel Brooks Horwitz and writer Sam Koppelman, would comprise two entities: a trading fund and a group of analysts and journalists producing stories based on publicly available material, according to several people familiar with the matter.The fund would place trades before articles were published, and then publish…
Bank of Canada’s Governor, Tiff Macklem, informed the House of Commons finance committee that removing the federal carbon tax could lead to a significant, albeit temporary, drop in Canadian inflation. The current rate stands at 3.8%, and Macklem suggests that abandoning the tax could result in a one-time decrease of 0.6 percentage points, bringing the rate down to 3.2%. However, he clarified that this effect would only last for a year. The carbon tax is said to contribute approximately 0.15 percentage points to inflation annually. It adds over 17 cents per litre to light fuel oil and more than 14…