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Japan makes first upgrade on economy since December
TOKYO: The Japanese government upgraded its assessment of the economy in its monthly report for the first time since December. The Cabinet Office said in its June report that the economy is on a path of “moderate recovery.” That is the same language used previously, but the Cabinet Office upgraded its assessment by omitting a cautionary clause that had appeared in May. The cautionary clause had said some parts of the economy
 
 
Mexico rate futures down on Central Bank hint
SAO PAULO: Yields paid on Mexican interest-rate future contracts fell on Friday after the central bank signaled it would not increase borrowing costs any further. In an unexpectedly divided decision, Banco de Mexico raised its benchmark rate by a notch to 7 per cent, as forecast by all 17 analysts surveyed by Reuters last week. One member voted to hold rates. In its policy statement, the bank said “the reference rate has
   
Trump’s deregulation takes aim at hybrid cars
WASHINGTON: The US government’s auto-safety watchdog is taking a second look at a rule requiring hybrid and electric vehicles to emit a noise to alert nearby pedestrians to their presence. The National Highway Traffic Safety Administration said in fiscal 2018 budget documents provided to Congress that it’s considering six areas for deregulation, including standards for rear-view mirrors and backup cameras in passenger cars, an
 
 
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LATEST NEWS
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US-backed Syrian groups take Raqqa district
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Added : 2 hours ago
 
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