Stories for you

  • BusinessAFP News

    Yen drops, stock markets mixed as Japan hikes interest rates

    The yen weakened and Tokyo stocks rose Tuesday after the Bank of Japan hiked interest rates for the first time in 17 years as it shifted away from its long-running ultra-loose monetary policy.While the moves were a major change from a long-running policy, Japanese stocks rose as the BoJ's comment that conditions would remain accommodative tempered fears of more hikes.

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  • NewsAFP News

    Vietnam luxury property boss on trial in $355 mn bond scam

    A top Vietnamese property tycoon went on trial Tuesday accused of cheating thousands of investors in a $355 million bond scam, in the communist nation's latest criminal case targeting high-flying business leaders.They are accused of illegally acquiring $355 million in a bond sale to 6,630 investors -- all of whom have been invited to attend the trial, which is expected to last around three weeks.

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  • PoliticsHuffPost

    'This Is No Joke': Michael Cohen Reveals New Threat Posed By Trump's Cash Crunch

    The former attorney to Trump called him "the single most dangerous thing" to national security.

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  • PoliticsHuffPost

    Ex-Trump Aide Says This Letitia James Move Would 'Absolutely Devastate' Trump

    "Those are his babies," said Stephanie Grisham.

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  • BusinessAFP News

    Bank of Japan hikes rates for first time since 2007

    Japan's central bank pulled the plug Tuesday on its ultra-aggressive monetary stimulus programme, hiking rates for the first time since the global financial crisis. The US Federal Reserve and other central banks yanked up rates to rein in inflation after Russia's 2022 invasion of Ukraine.

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  • BusinessAFP News

    Easy does it: The Bank of Japan's experiment

    The Bank of Japan announced a seismic change in direction on Tuesday, hiking interest rates for the first time in 17 years."Having failed to achieve the target within a committed two-year period, the BoJ had no other choice than to pursue further stimulative measures including the negative interest rate," Momma told AFP. - Spur lending - The negative interest rate of -0.1 percent -- hiked to between zero and 0.1 percent on Tuesday -- had been in place since 2016, effectively charging banks to ke

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  • NewsAFP News

    Entire Gaza population at 'severe levels of acute food insecurity': Blinken

    The entire population of Gaza is experiencing "severe levels of acute food insecurity", US Secretary of State Antony Blinken said Tuesday, underscoring the urgency for increasing the delivery of humanitarian aid into the Palestinian territory."According to the most respected measure of these things, 100 percent of the population in Gaza is at severe levels of acute food insecurity.

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