Bond prices gained on Tuesday while the dollar pared early losses on the yen amid guarded reaction to what was seen as only minor tweaks to the Bank of Japan’s (BOJ) ultra easy monetary policy.
U.S. President Donald Trump’s proposed tariffs on another $200 billion of Chinese goods threaten a niche trade in minor metals and rare earths used in everything from stomach remedies and jet engines to consumer electronics.
Japanese automotive components maker Denso Corp said on Tuesday that it expects to take a hit of up to 80 billion yen ($719 million) this year if the United States raises auto tariffs, Japanese media reported.
The Bank of Japan took measures to make its massive stimulus program more flexible and pledged to keep interest rates low for the time being on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target.
The Bank of Japan pledged to keep interest rates “very low” for the time being and took measures to make its massive stimulus program more flexible on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target.[T9N1TD07B]
The Bank of Japan pledged to keep interest rates “very low” for the time being and took measures to make its massive stimulus program more flexible on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target.
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday due in part to weak sales of its Galaxy S9 smartphones, and warned of tougher competition ahead for the struggling mobile sector.
The United States and Japan are making final arrangements to hold their first bilateral trade talks in Washington on Aug. 9, Japanese public broadcaster NHK reported on Tuesday.
Embraer said on Monday it will defend itself against a lawsuit brought by leftist lawmakers aimed at halting a bid by Boeing Co to take over most of the Brazilian planemaker’s commercial jet unit, the latest legal headache for the proposed tie-up.
Jul.30 — Samsung Electronics Co.’s net income fell short of analysts’ estimates as slowing growth in the global smartphone market hits demand for its Galaxy devices, while Chinese rivals ramp up competition to supply displays. Bloomberg’s Intelligence’s Anthea Lai weighs in on “Bloomberg Daybreak: Asia.” …read more […]
Asian share markets weakened on Tuesday, taking cues from the rout in global technology shares while the yen edged higher ahead of the Bank of Japan’s rate review, at which it could flag a shift away from its massive monetary stimulus.
The Bank of Japan will likely trim its inflation forecasts on Tuesday and consider changes to its massive stimulus program to make it more sustainable, reflecting a growing recognition it will take longer than expected to meet its elusive price goal.
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as the sluggish global smartphone market weighed on earnings, although the chip business continued to perform well.
Embraer said on Monday it will defend itself against a lawsuit seeking to suspend the Brazilian planemaker’s negotiations with Boeing over a proposed takeover of most of Embraer’s commercial jet unit.
Samsung Electronics Co Ltd posted a 5.7 percent rise in second-quarter profit on Tuesday as strong sales of semiconductors helped the South Korean tech giant defy sluggish growth in the smartphone market.
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