Japan’s Kanda: Nothing to Say on Whether We Intervened on Yen
Japan’s top currency official declined to say if authorities stepped into the foreign exchange market early Thursday in Tokyo, in a comment following a sharp strengthening of the yen.
Japan’s top currency official declined to say if authorities stepped into the foreign exchange market early Thursday in Tokyo, in a comment following a sharp strengthening of the yen.
Asian equities were primed for a downbeat open on Thursday following declines in US stocks after Federal Reserve chair Jerome Powell downplayed the prospect of further interest rate hikes.
The US Federal Trade Commission is poised to greenlight Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. after the companies agreed that Pioneer’s co-founder and former chief executive officer won’t join the board, according to people familiar with the matter.
The UK defied a decline in foreign direct investment across Europe last year, in a welcome vote of confidence for Prime Minister Rishi Sunak’s economic program.
Lending to UK commercial real estate dropped by a third last year to the lowest in a decade as deal volumes tumbled and banks turned cautious.
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