Author: News Room
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will ditch its negative interest rate policy in April, according to just under two-thirds of economists polled by Reuters, although a growing minority now expect it to happen this month compared to only a few surveyed in February. Just in the last few days, some have leaned toward an imminent first step toward departing a decades-long stimulus programme, driven by news of strong pay hikes at big firms and hawkish comments from BOJ policymakers on the inflation target. The central bank has long contended robust wage growth was a prerequisite…
By Mike Dolan LONDON (Reuters) -If you believe the options market, the world’s major currencies are going nowhere fast this year. A world of rapidly re-routed trade, political standoffs, pivotal elections, sparky inflation and widening growth gaps between G7 nations – it might reasonably be seen as an ideal incubator for volatility in major currencies. And yet, even as central banks hit inflection points in their swinging interest rate hiking campaigns of the past two yeas, implied volatility of the major exchange rates has imploded. Judged by Deutsche Bank’s currency , or CVIX, implied volatility of the world’s most traded…
By Divya Rajagopal TORONTO (Reuters) -Canada is concerned about market manipulation and dumping in key metals used in electric vehicle batteries, a federal Canadian minister told Reuters, adding the country wants to explore a U.S.-mooted alternative pricing model. Canada, along with Australia and the U.S., is looking to develop its critical mineral supply chain to break the monopoly of China which controls over 90% of key metals that are crucial for energy transition. “There will be significant incremental demand for critical minerals going forward, but we do have some challenges right now with prices and clearly we are concerned about…
Independent presidential candidate Cornel West will announce his vice presidential running mate on Tavis Smiley’s radio program Wednesday, according to his campaign. On the show, slated to air at noon ET, West will discuss why his West Coast-based vice presidential pick – who, like him, has never held elected office – best aligns with his values, according to a campaign official. He will be joined on the show with his running mate. They will also appear jointly at a rally in the Astoria neighborhood of Queens in New York later this month. “On Wednesday, we will joyfully open a new…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the founder of Khosla VenturesThe US House of Representatives in March overwhelmingly passed a bill to force divestiture of TikTok from its Chinese parent. Many in Silicon Valley are against this bill but I staunchly support it. Neither I nor my firm stands to gain or lose anything on the back of this bill’s outcome, but I can see how TikTok can be weaponised by a foreign adversary.This TikTok divestiture is about preventing a foreign adversary from controlling a…
One of the worst performing names that I’ve covered on this site has been BlackBerry (NYSE:BB). The Canadian technology firm has seen its shares drop over the past decade plus as its legacy smartphone business evaporated and a pivot to software and services has taken much longer than expected. Recently, the company announced its fiscal Q4 results, and while the name may not be out of the woods just yet, there is more hope here than when I last checked in. Back in December, I was very worried when the company missed revenue estimates for Q3. Key metrics regarding the…
Last updated: April 9, 2024 10:59 EDT | 2 min read Web3 infrastructure provider Metaplanet (3350) has seen a surge in its Tokyo-listed stock by nearly 90% within just two days after adding $6.56 million worth of Bitcoin (BTC) to its balance sheet. According to data from Google Finance, the company’s shares are currently trading at 36 yens, up by 89% over the day. The surge is largely attributed to Metaplanet’s move to add Bitcoin to its balance sheet, which came in collaboration with Sora Ventures, Mark Yusko from Morgan Creek Capital, and other prominent partners.Metaplanet, previously known as Red Planet and operating…
From central banks to Costco customers, it seems everyone is buying gold these days. The price of spot gold reached $2,364 per ounce Tuesday after hitting record highs for seven straight sessions and trading at $2,336 per ounce Monday. Year on year, gold is up 16.5%. Investors who expect the Federal Reserve to cut its benchmark interest rate are the main force driving up prices, but the surge is boosted by other factors, including central banks — led by China — buying up gold to ease reliance on US dollars. Central banks see gold as a long-term store of value…
A New York appeals judge on Tuesday knocked down yet another long-shot bid by Donald Trump to delay his criminal hush money trial, this time by seeking a pause while he challenges his court-imposed gag order.The swift rejection marked Trump’s second failed attempt in less than 24 hours to postpone the Manhattan Supreme Court trial, which is set to begin jury selection in six days.Appellate Judge Cynthia Kern’s ruling Tuesday afternoon came within an hour of a hearing where lawyers for Trump and Manhattan District Attorney Alvin Bragg argued over the restrictions on the former president’s speech, NBC News reported.The…
A former executive at Bowlero, the world’s largest owner and operator of bowling centers, has asked a court’s permission to countersue his former employer for extortion and retaliation, after an executive on a recorded call threatened to report him to the FBI if he didn’t admit to spilling company secrets, according to a transcript of the conversation filed in court.The allegations by Bowlero’s former chief information officer, Thomas Tanase, filed Wednesday in a proposed countersuit in Virginia federal court, come after he and dozens of others filed discrimination claims with the U.S. Equal Employment Opportunity Commission alleging they were fired based…
