Business and Economy

Business and Economy Latest News

Japan government intervenes to bolster cratering yen
Japan government intervenes to bolster cratering yen
by  AFP

Japan's finance ministry said Thursday it intervened in the currency market to bolster the yen, which has plummeted against the dollar in recent months on the widening policy gap between the US and Japanese central banks.

Yen hits new 24-year low as Bank of Japan keeps loose policy
Yen hits new 24-year low as Bank of Japan keeps loose policy
by  AFP

The yen sank to a fresh 24-year low against the dollar on Thursday, with the greenback surging to nearly 146 after Japan's central bank left its ultra-loose monetary policy unchanged, a day after the Federal Reserve ramped up interest rates and warned of more to come.

Markets tumble again as Fed hikes rates, warns more to come
Markets tumble again as Fed hikes rates, warns more to come
by  AFP

Markets sank Thursday and the dollar rallied after the Federal Reserve unveiled a third straight jumbo interest rate hike, said more were in the pipeline, and warned the battle against inflation was straining the US economy. Commentators are now betting on a fourth straight 75-basis-point rate hike at the next Fed meeting in November.

Energy

Money

Industry

Technology

Economy