By Leika KiharaJapanese Prime Minister Sanae Takaichi's administration appointed Ayano Sato, seen as an advocate of loose monetary policy, as central bank board member on Tuesday, adding an important voice to debates over further rate increases.Sato, a 57-year-old former academic, is the second boa…
The Philippines posted a trade deficit (PHTBAL=ECI) of $5.48 billion in May, preliminary official data showed on Tuesday.Imports (PHIMP=ECI) rose by 21.9% in May from a year earlier to $13.3 billion, while exports (PHEXP=ECI) increased by 7.6% to $7.9 billion, the Philippine Statistics Authority sa…
New Zealand business confidence jumped in June as firms appear more optimistic about the future and more willing to invest and hire workers despite global uncertainties, an ANZ Bank survey showed on Tuesday.A net 36.6% of respondents expected the economy to improve over the year ahead, up from 10.0…
By Ankur BanerjeeThe yen was pinned at levels not seen since 1986 on Tuesday, stoking worries that a direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the U.S. rate outlook.The yen FX_IDC:USDJPY weakened to…
Australia's prudential regulator said on Tuesday its first system-wide risk-stress test found close links between the country's banks and superannuation funds, highlighting potential vulnerabilities across the financial system.Here are some details:
By Joseph De AvilaA federal judge has permanently blocked the Trump administration from withholding funds from a $16 billion rail tunnel project that would connect New York and New Jersey under the Hudson River.U.S. District Judge Jeannette Vargas, appointed by former President Joe Biden, on Monday…
By Kanishka SinghU.S. President Donald Trump has authorized the temporary suspension of certain duties on phosphate fertilizer imported from Morocco, the White House said on Monday, as farmers grapple with fertilizer shortages due to the Iran war.White House economic adviser Kevin Hassett said in M…
By Satoshi SugiyamaJapan's factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday.Here are a few details.• Industrial output grew 0.5% in May from the previous month, versus the median market forecast for a 1.1% rise, according to the Mi…
By Megumi FujikawaTOKYO--Japan's industrial production rose in May, though at a slower pace than expected, amid the continuing Middle East conflict and energy supply concerns.Industrial output increased 0.5% month-on-month, matching April's pace, according to government data released on Tuesday. A…
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
JAPAN MAY INDUSTRIAL OUTPUT SHOWS M/M FALL IN GENERAL MACHINERY, LAPTOP COMPUTERS, FLAT PANEL DISPLAY-PRODUCING EQUIPMENT
By Kanishka SinghU.S. President Donald Trump said on Monday gasoline retailers must get prices down immediately and warned that there will be "big problems" ahead if they did not do so.Here are details:
JAPAN MAY INDUSTRIAL OUTPUT: 7 OUT OF 15 INDUSTRIES ARE UP, 8 ARE DOWN
JAPAN METI: MAY INDUSTRIAL OUTPUT M/M RISE LED BY AIRCRAFT ENGINE PARTS, PETROCHEMICAL PRODUCTS, FUELS
By Jayshree P UpadhyayGlobal financial firms are pivoting expansion plans towards South Korea while taking a more measured approach to China and India, according to an industry survey.Firms are also scaling existing businesses and widening product lines in a narrower set of markets, the survey cond…
By Oyin AdedoyinChris and Carolyn McAuliffe are in their 60s but don't expect to retire anytime soon. They're still paying off their student-loan debt, which has ballooned to a half-million dollars."I regret going to college," said Chris, an engineer for a health insurance company.When they earned…
Japan’s industrial production rose 0.5% month-over-month in May 2026, matching April’s pace but falling short of market estimates of a 1.1% increase, preliminary data showed, as Middle East tensions continued to pose risks to supply chains and energy costs.Still, it marked the second straight month…
JAPAN METI FORECAST INDEX: JUNE INDUSTRIAL OUTPUT +2.6% M/M (ADJUSTED FOR UPWARD BIAS), JULY 0.0%
JAPAN METI KEEPS VIEW: INDUSTRIAL OUTPUT TAKING ONE STEP FORWARD AND ONE STEP BACK
