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.
Analysis: Europe Inc’s wage hikes alarm investors as worries about recession grow
Plans by European companies to hike wages and pay one-off bonuses to help staff cope with a torrid winter are raising alarm among investors concerned that the extra cost could hurt profits and undermine the region’s economy.
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.
Analysis: Ukraine invasion sets back Musk’s dream for cheaper EVs, for now
Surging raw materials costs, made worse by Russia’s invasion of Ukraine, could set back the dream of Tesla (TSLA.O) Chief Executive Elon Musk and other auto executives to roll out more affordable electric vehicles.
Panasonic’s Q3 profit slides as material costs rise and appliance sales fall
Japan’s Panasonic Corp (6752.T) on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages and a drop in domestic sales for appliances.
Irn-Bru maker raises prices due to fizzing UK inflation
The maker of Irn-Bru, the iconic orange Scottish soft drink, said on Tuesday that it had increased its prices due to soaring inflation in Britain.
Indonesia Dec trade surplus at $1 bln, well below forecast
Indonesia’s trade surplus narrowed more than expected in December to $1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowedand imports hit a record high, official data showed on Monday.
Japan PM Kishida urges companies to raise wages by 3% or more
Japanese Prime Minister Fumio Kishida on Friday urged companies whose earnings have recovered to pre-pandemic levels to raise wages by 3% or more at their labour talks next spring, aiming to achieve a virtuous cycle of growth and wealth distribution.
World leaders seek ways to strengthen global supply chains
U.S. President Joe Biden and 16 other world leaders on Sunday discussed action to make supply chains more resilient in the face of any future health crises, as well as climate change and even planned attacks.
Analysis: U.S. company results in industrial, materials sectors could shed light on inflation woes
Corporate results in the industrial and materials sectors could offer a snapshot of how companies in a key swath of the U.S. economy are dealing with surging inflation, supply chain bottlenecks and higher commodity prices.
