Dollar on the defensive amid lower yields, yen hovers near 38-year trough
By Kevin Buckland TOKYO (Reuters) – The dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome Powell sent U.S. bond yields lower, overshadowing…
S.Korea sees stronger growth, vows support for small businesses
SEOUL (Reuters) -South Korea’s government has prepared financial support for small businesses struggling due to high interest rates, President Yoon Suk Yeol said on Wednesday, as it revised up its…
S.Korea prepares support for small businesses, tax cuts for corporates
SEOUL (Reuters) – South Korea’s President Yoon Suk Yeol said on Wednesday consumer inflation is stabilising in Asia’s fourth-largest economy as headline inflation has slowed for a third straight month…
South Korea President Yoon says headline inflation is stabilising
SEOUL (Reuters) – South Korea’s President Yoon Suk Yeol said on Wednesday consumer inflation is stabilising in Asia’s fourth-largest economy as headline inflation has slowed for a third straight month…
Oil prices inch up on large US crude stock draw
By Yuka Obayashi TOKYO (Reuters) – Oil prices edged higher in early Asian trade on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, boosting hopes of…
Oil prices rise on signs of bumper drawdown in US inventories
Investing.com– Oil prices rose in Asian trade on Wednesday, staying near two-month highs after industry data showed U.S. inventories saw a massive drawdown in the past week, boosting optimism over…
Japan’s first new banknotes in 20 years use holograms to defeat counterfeits
By Irene Wang and Kantaro Komiya TOKYO (Reuters) – Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and…
Court officer’s rep reports several competitive bids in auction of Citgo parent
By Marianna Parraga HOUSTON (Reuters) – The second bidding round for shares in refiner Citgo Petroleum’s parent was “successful,” with several competitive bids received last month by a U.S. federal…
Exxon-Hess arbitration panel nears formation, sources say
By Sabrina Valle HOUSTON (Reuters) – The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil (NYSE:XOM)’s claim against Chevron (NYSE:CVX)’s $53 billion purchase…
UBS: Global gas prices to rise amid tightening supply
Investing.com – According to a research note released on Monday, UBS analysts suggest that global gas prices are set to rise, driven by tightening supply and demand fundamentals. Analysts have…
