The Bank of Japan decided at its monetary policy meeting held today, by a majority vote, to fix negative interest rates at -0.1% on current accounts held by financial institutions with the bank in the short term. The bank also decided to control long-term interest rates, by purchasing the required …

The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.835, with moves seen limited ahead of next week’s policy-setting meeting by the Federal Reserve. The Nikkei index closed down 0.96 percent at 28,820.09 points, while the broader Topix index fell 0.7 …

Japanese stocks fell on Thursday as disappointing expectations from technology companies led to selling, but gains by major chip-related companies limited losses. The Nikkei index closed down 0.96 percent at 28,820.09 points, while the broader Topix index fell 0.7 percent to 1999.66 points. Robotics maker Fanuc slumped 8.66 percent after …

USD/TRY leap The European Central Bank (ECB) is scheduled to announce its monetary policy decision this Thursday at 11:45 GMT, which will be followed by the post-meeting press conference at 12:30 GMT. here are the expectations as forecast by the economists and researchers of nine major banks. ING “Updating the …

Oil prices fell to their lowest level in two weeks after official data showed a sudden jump in US crude stocks, and with the increase in Covid-19 cases in Europe and Russia and the emergence of some hotbeds of infection in China, dampening hopes for an economic recovery. Brent crude …

The European Central Bank (ECB) is scheduled to announce its monetary policy decision this Thursday at 11:45 GMT, which will be followed by the post-meeting press conference at 12:30 GMT. Today’s ECB announcement may have more significance and is closely followed by the markets as it is one week ahead …

The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the October policy meeting as expected. More importantly, the BoC decided to end its weekly purchases of the government of Canada bonds, the quantitative easing program. The policy statement revealed that the …

US stocks rose slightly at the open on Wednesday, supported by a fresh batch of strong earnings reports. The Dow Jones Industrial Average rose 78.55 points, or 0.22 percent, to open at 35,835.43 points. The Standard & Poor’s 500 index rose 5.43 points, or 0.12 percent, to 4,580.22 points. The …

Durable Goods Orders in the United States declined 0.4%, or $1 billion, in September to $261.3 billion, the data published by the US Census Bureau showed on Wednesday. This reading followed August’s increase of 1.3% and came in better than the market expectation for a contraction of 1.1%.

McDonald’s reported quarterly earnings and revenue that beat analysts’ estimates, as its international sales rebounded despite the resurgence of the coronavirus in some markets. The company’s adjusted earnings per share were $2.76, versus expectations of $2.46, and revenue was $6.2 billion, versus expectations of $6.04 billion. The company reported a …