TOKYO : The growing presence of non-bank financial institutions (NBFI) warrants attention, as some reports show they account for almost half of financial intermediations globally, Bank of Japan Deputy Governor Shinichi Uchida said on Thursday. “Financial and capital markets are often affected by NBFIs’ strategies and activities, as we observed […]
Business
BANGKOK : Thailand’s exports are expected to rise 2 per cent this year, unchanged from a previous forecast of 2 per cent growth, the Thai National Shippers’ Council said on Tuesday. Exports, a key driver of the economy, rose 1.1 per cent in September from a year earlier. The commerce […]
Amazon said on Wednesday that Apple TV+ will become available on Prime Video later this month in the U.S. for $9.99 per month, in a boost for the iPhone maker which has lagged behind streaming rivals Netflix, Disney+ and Prime Video itself. The Apple TV+ streaming service, known for its […]
TOKYO: Nearly 86 per cent of Japanese households expect prices to rise a year from now, a quarterly survey showed on Thursday, a sign of heightening inflation expectations that could help the central bank make the case for additional interest rate hikes. The ratio of households that expect prices to […]
TOKYO: Japan’s new economy minister, Ryosei Akazawa, said on Friday that the timing of changes in the Bank of Japan’s monetary policy should be aligned with the government’s broader goal of exiting deflation. “The timing of various monetary policy changes is very important,” Akazawa said in a press conference. “It’s […]
NEW YORK: US dockworkers and port operators reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the US East Coast and Gulf Coast, the two sides said Thursday (Oct 3). The tentative agreement is for a wage hike of around 62 […]
MUMBAI : Companies’ global hiring intentions are expected to hold steady in the fourth quarter of 2024, even though the outlook for the quarter ahead was weaker than the final quarter of 2023, ManpowerGroup’s Employment Outlook Survey showed. The global hiring outlook for the fourth quarter of 2024 was slightly […]
NEW DELHI : Electronic components maker Jabil will set up a manufacturing plant in India’s southern state of Tamil Nadu with an investment of about 20 billion rupees ($238.2 million), the state’s industries minister said on Tuesday. U.S.-based Jabil, a supplier to Apple, will base its plant near the city […]
TOKYO: Japan’s consumer inflation rate likely picked up in July for a third consecutive month, a Reuters poll of 18 economists showed, keeping the central bank on course to consider another rate hike after lifting short-term rates to 0.25 per cent last month. Other data next week is forecast to […]
Switzerland’s Sonova on Tuesday introduced a hearing aid that utilises real-time artificial intelligence to improve speech clarity from background noise, the first such product in the global market. Along with the hearing aid, named Sphere Infinio, Sonova is launching a new Infinio platform. Sonova had said in May it expected […]