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- BusinessAFP News
Yen falls further as Bank of Japan stands pat on rates
The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar.The BoJ has been a global outlier in sticking to an ultra-loose policy while other central banks pushed rates up as they fought against surging inflation -- causing a wide differential that saw investors push into other currencies.
3-min read - BusinessReuters
Analysis-Tesla's plan for affordable cars takes page from Detroit rivals
Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — rather than springing for all-new models — follows the playbook of Tesla's old-school Detroit rivals, as some Tesla investors and analysts see it. The shift toward incremental improvement, mirroring a common strategy of Ford and General Motors, suggests the future of car-making that Musk has promised to disrupt may still look a lot like the past. Musk's new strategy followed an exclusive Reuters report
4-min read - BusinessAFP News
ByteDance says 'no plans' to sell TikTok after US ban law
Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States."ByteDance does not have any plans to sell TikTok."
3-min read - BusinessReuters
IT stocks lead rise in Indian shares; Bajaj Finance caps index gains
BENGALURU (Reuters) -India's benchmark indexes opened higher on Friday, led by information technology stocks, which were boosted by Tech Mahindra after it unveiled a turnaround plan, while a fall in shares of Bajaj Finance after its quarterly results capped gains. Tech Mahindra surged 13% and was the top Nifty 50 gainer after the company announced a three-year business plan. "The company's new turnaround plan looks sensible," analysts at HSBC said, terming Tech Mahindra's valuation "attractive
1-min read - BusinessReuters
Rupee lingers in narrow band tracking mostly subdued Asian peers
The Indian rupee was largely flat on Friday, tracking rangebound Asian peers with traders expecting the local unit to stick to its prevailing range ahead of closely watched U.S. inflation data. Asian currencies were mostly rangebound despite a surge in US bond yields but the Japanese yen dropped to its lowest in 34 years after the Bank of Japan kept policy rates unchanged.
2-min read - BusinessAFP News
End of the road? Philippine jeepneys face uncertain future
The first jeepneys rolled onto the streets of the Philippines just after World War II -- noisy, smoke-belching vehicles initially made from leftover US Jeeps that became a national symbol.- 'Spirit of the jeepney' - Teodoro Caparino, who has been driving a jeepney for 35 years, hopes the government will decide to fix existing jeepneys rather than replace them with "Chinese-made vehicles".
5-min read - HealthHuffPost
FDA Report Finds Traces Of Bird Flu Were In Commercial Milk Supply Samples
About one in five samples of commercially sold pasteurized milk contained traces of the highly pathogenic avian influenza.
3-min read
