Category: All Category

09 Jul

Dollar sags after soft U.S. wages data, Brexit woes weigh on pound

By Shinichi Saoshiro TOKYO (Reuters) – The dollar struggled near 3-1/2-week lows against its peers on Monday after U.S. jobs data showed slower-than-expected wages growth, while the pound retreated as a key member of Britain’s cabinet resigned over Prime Minister Theresa May’s Brexit plan. The dollar index against a basket of six major currencies (DXY) was 0.1 […]

05 Jul

Trade war could hurt these economies far more than U.S., China

By Ritvik Carvalho LONDON (Reuters) – Investors watching the trade tit-for-tat between the United States and China may well have reason to fear the havoc a full blown conflict between the world’s two biggest economies could wreak on the global economy. A model by economists at Pictet Asset Management in London reckons a 10 percent […]

05 Jul

BOJ’s Masai: banks’ structural problems are separate from monetary policy

TOKYO (Reuters) – Bank of Japan board member Takako Masai said on Thursday structural problems that are making it more difficult for Japanese banks to remain competitive should be discussed separately from monetary policy. Masai acknowledged that easy monetary policy has lowered banks’ lending margins but said this has been going on since the 1990s, […]