FRANKFURT (Reuters) - Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now.
World shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate.
there have been few surprises from the nearly week-old Trump administration. That, in part, gave them confidence to raise interest rates again Friday. Why it matters: The Bank of Japan had held ...
The move would mark the central bank's first rate hike since July last year, when it increased rates to 0.25%.
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
The Bank of Japan is expected to raise its short-term interest rate to 0.5% this Friday, barring significant market disruptions as U.S. President-elect Donald Trump takes office. This move would mark the first
The possibility is 'quite high' if markets remain calm following Trump's inauguration on Monday as the 47th president of the United States.
From Donald Trump's address at Davos 2025 to Maharashtra's potential 'No parking, no car' policy to tackle Mumbai’s congestion to Mr Beast throwing his hat into the ring to buy TikTok & more — Here are the top 11 news stories across business,
Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate.
The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.
Chip giant Nvidia ( NVDA) was more than 11% lower in the first hour of US trading. Industry peer ASML ( ASML) lost 8%, while Arm ( ARM ), Broadcom ( AVGO ), and Micron Technology ( MU) also got hammered.