Japan ramps up intervention threats after yen slides past key 150 level
Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of 150 to the dollar, keeping investors on high alert in case Tokyo steps into markets again to support the fragile currency.
Sri Lanka to present debt restructuring, IMF bailout plans to creditors
Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday, laying out the full extent of its economic troubles and plans for a debt restructuring and multi-billion dollar International Monetary Fund bailout.
FOREX Euro holds above 2-decade low before ECB decision
The euro was hovering above Tuesday’s two-decade low on Thursday as investors awaited a policy decision from the European Central Bank (ECB) and comments from the head of the Federal Reserve for insight on the path for global monetary tightening.
Public sector paralysed as Lebanon lurches towards ‘failed state’
He rushes to water the garden at his home in the hills south of Beirut, using the single hour of rationed state power to run the sprinkler. He then phones his mother, who is struggling to get a new passport at a state agency grappling with paper and ink shortages. “The public sector is at its end if we keep going like this,” Chaar told Reuters.
Analysis: 100 banks, 1,000 suspects: German fraud probe puts Scholz on the spot
German chancellor Olaf Scholz faces lawmakers’ questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as he grapples with an energy crisis and the fallout of war.
Indian companies swapping dollar for Asian currencies to buy Russian coal
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar and cutting the risk of breaching Western sanctions against Moscow.
Explainer: What would Japan’s currency intervention to combat a weak yen look like?
Japan’s government and the central bank are “concerned” about recent sharp yen declines and stand ready to respond as needed on currency policy, they said in a rare joint statement on Friday.
Explainer: What would Japan’s currency intervention to combat a weak yen look like?
Japanese policymakers escalated their warnings against sharp yen falls with the finance minister saying the currency’s slump to two-decade lows versus the dollar would damage the economy by pushing up living costs at a time wage growth remains slow.
Japan urges crypto firms to comply with sanctions against Russia
Japanese authorities ordered crypto exchanges on Monday not to process transactions involving crypto assets subject to asset-freeze sanctions against Russia and Belarus over the war in Ukraine.
Japanese investors dump overseas bonds in February
Japanese investors in February sold the most overseas debt in a month in nearly two years on concerns over monetary tightening by the world’s major central banks and an escalation in Russia-Ukraine conflict.
