Pedestrians walk past a stock price indicator in Tokyo. Agence France-Presse
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
The Bank of Japan (BOJ) kept its monetary settings steady on Tuesday but added language to its policy statement that it would ease “without hesitation” if the economy loses momentum for achieving the central bank’s 2% inflation target.
Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said the central bank is ready to ramp up stimulus and will consider all policy options, including deepening negative interest rates, if the loss of economic momentum hurts its efforts to boost inflation.
Tokyo and Shanghai stocks closed higher on Friday but trade lacked direction with several major markets closed for Easter holidays. In Japan, the benchmark Nikkei 225 index added 0.50 per cent, or 110.44 points, to 22,200.56, while the broader Topix index climbed 0.12 per cent, or 1.96 points, to 1,616.93.
The Managing Director of International Monetary Fund (IMF), Kristalina Georgieva has warned against financial / income inequalities within countries which according to her might lead to another financial crisis.
Dubai Land Department (DLD) is to enhance and consolidate its relationship with its partners. Aiming to strengthen its relationship with the partners and to appreciate their roles, DLD organised the annual forum to honour the various partners
Sanad Powertech, a wholly-owned subsidiary of Mubadala Investment Company, has been awarded a contract for the maintenance, repair and overhaul (MRO) operations of the steam engine and power generator of Shams Power Company,
Southwest Airlines is extending cancellations of Boeing Co 737 MAX flights until June 6, citing the planemaker’s decision to recommend pilot simulator training before resuming flights and uncertainty about when regulators will approve their return to service.