Bank of Japan Stands Pat on Rates and Bond Buying, Hitting Yen
The Bank of Japan held its interest rate settings steady and simplified its language on bond-buying at a two-day meeting that took place after the yen hit a fresh 34-year low this week.
The Bank of Japan held its interest rate settings steady and simplified its language on bond-buying at a two-day meeting that took place after the yen hit a fresh 34-year low this week.
Asian technology shares rose following stellar earnings reports from Microsoft Corp. and Alphabet Inc. overnight. The yen weakened to a fresh 34-year low after the Bank of Japan kept its key interest rate unchanged.
Huawei Technologies Co.’s latest smartphones carry a version of the advanced made-in-China processor it revealed last year, independent analysis revealed, underscoring the Chinese company’s ability to sustain production of the controversial chip.
Hybe Co.’s shares tumbled Friday as internal strife between the K-pop giant and ADOR, the Hybe-owned label behind popular girl group NewJeans, deepened.
Peru was downgraded by S&P Global Ratings as political turmoil weighs on investor sentiment, curbing the growth outlook and constraining the nation’s capacity to rebuild fiscal buffers.
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