Japan finance minister flags action against excessive foreign exchange movement
TOKYO (Reuters) -Japan Finance Minister Katsunobu Kato on Wednesday reiterated that the government would take appropriate action against excessive movement on the foreign exchange market, as the yen has seen high volatility ahead of a key monetary policy meeting. “As…
Japan’s Makino Milling requests changes to unsolicited bid from Nidec
TOKYO (Reuters) – Japanese machine tool manufacturer Makino Milling Machine said on Wednesday that it asked Nidec to make changes to an unsolicited takeover bid announced last month. Makino said in a statement it asked Nidec to push back the…
Morning bid: Inflation duo takes centre stage
A look at the day ahead in European and global markets from Stella Qiu Bond investors may have drawn some comfort from the benign miss in U.S. producer price data but a duo of CPI reports from Britain and the…
Biggest IKEA retailer to invest $1 billion in recycling firms
By Helen Reid LONDON (Reuters) – The investment arm of Ingka Group, the biggest global IKEA retailer, said it will invest 1 billion euros ($1.03 billion) into recycling companies as it aims to better manage the waste created when IKEA…
Japan stocks higher at close of trade; Nikkei 225 up 0.09%
Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Transportation Equipment, Chemical, Petroleum & Plastic and Insurance sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.09% to hit a…
Taiwan says exclusion from new US curbs on AI tech should ‘give confidence’
TAIPEI (Reuters) – Taiwan’s exclusion from the new U.S. curbs on artificial intelligence (AI) chip and technology exports should “give confidence” about Taipei’s own controls and respect for the law, the island’s government said on Wednesday. The U.S. said on…