News | Latest Breaking News Stories & Headlines

The UK economy has avoided a technical recession, but logged zero growth in the fourth quarter of 2022

Sterling falls as UK economy grinds to a halt in Q4

The pound eased today after data showed the UK economy ground to a halt in the final three months of 2022, avoiding a technical recession, …

Business • 10 Feb

Toyota has trimmed its annual production target by about 1%, to around 9.1 million vehicles

Toyota's Q3 profit jumps 22%, buoyed by weak yen

Japan's Toyota Motor posted a surprise 22% rise in third-quarter operating profit, as a weaker yen and higher sales volumes helped the world's top automaker …

Business • 09 Feb

Japan's economy shank by a revised 0.8% in the third quarter on an annual basis

Japan upgrades Q3 GDP as global recession risk lingers

Japan's economy, the world's third-largest, shrank less than initially estimated in the third quarter, bolstering a view that it is slowly recovering from Covid-19 doldrums …

Business • 08 Dec 22

The Nikkei, citing a source, also said Japan had intervened to buy yen and sell dollars

Japanese yen jumps as traders suspect intervention

Japanese authorities likely intervened in markets to stem the slide of the country's battered currency, market participants said, following an unexpected jump in the yen …

Business • 21 Oct 22

Currency markets are on high alert for any signs of an intervention from Japanese authorities

Yen falls past 150 per dollar for 1st time in 32 years

The dollar hit the symbolic level of 150 yen today as the greenback was supported by Treasury yields trading at multi-year highs.

Business • 20 Oct 22

The euro has moved higher as European Central Bank officials push the case for further aggressive monetary tightening

Euro at 3-week high amid ECB interest rate signals

The euro jumped to a more than three-week peak to the dollar today, and sterling rose to the highest this month as European Central Bank …

Business • 12 Sep 22

Economic problems in Europe continue to contrast with a strong US economy

Dollar stomps on yen, sterling under heavy pressure

The dollar was lord of all it surveyed today, hitting a fresh 24-year peak on the rate-sensitive yen and retesting multi year highs on the …

Business • 07 Sep 22

The euro and sterling both fell today on global slowdown fears

Euro, sterling knocked by global growth worries

Both the euro and sterling fell today as concerns resurfaced that interest rate hikes from major central banks to contain inflation run the risk of …

Business • 22 Jun 22

Honda said its sales last year were up 10.5%

Honda posts solid yearly earnings despite chip crunch

Japanese auto giant Honda said today its net profit rose 7.6% in the financial year to March, benefiting from strong motorbike sales and a weaker …

Business • 13 May 22

Any step towards a ceasefire or a potential peace deal would support the euro as the euro area is seen suffering the most significant economic impact of the conflict

Euro jumps after Ukraine offers neutral status

The euro jumped today after some progress was reported in peace talks between Russia and Ukraine.

Business • 29 Mar 22

The euro is on track for its biggest three-day loss in two years

Euro set for biggest 3-day drop in 2 years as oil soars

The euro tanked more than 1% against the dollar today and was on track for its biggest three-day loss in two years as soaring oil …

Business • 07 Mar 22

Dollar falls against the yen and euro in hectic trade today

Foreign exchange volatility surges as dollar falls

The dollar fell 3% against the Japanese yen and commodity-linked currencies tanked today, as a 30% crash in oil prices and tumbling stock markets panicked …

Business • 09 Mar 20

Lower yen pushes Japanese stock markets to a 26 year high

Tokyo stocks close at 26-year high as yen eases

Tokyo's main stock index closed up at a more than 26-year high today as the yen rowed back from its latest rally against the dollar.

Business • 16 Jan 18

Toyota today unexpectedly warns of more declines as a stronger yen takes a bite out of its bottom line

Toyota reports first fall in annual profit in 5 years

Toyota said today that its annual net profit fell for the first time in five years.

Business • 10 May 17

Japan, the world's third-largest economy, is now expected to expand 1.4% in the year to March

Bank of Japan lifts growth forecasts

The Bank of Japan today upgraded its economic growth forecasts for the current fiscal year and the next two, while leaving its ultra-loose monetary policy …

Business • 31 Jan 17

The Bank of Japan has maintained its massive asset buying programme

No policy or rate changes from Bank of Japan

The Bank of Japan kept monetary policy steady today despite sluggish global growth and anaemic inflation.

Business • 16 Jun 16

Toyota said profit for the year ending in March 2017 will fall to 1.5 trillion yen from 2.31 trillion yen in the prior year

Toyota forecasts end to run of record profits

Toyota has forecast a bigger than expected 35% tumble in net profit for the current year due to the sharp appreciation of the yen.

Business • 11 May 16

The Bank of Japan's meetings are considered top secret with media waiting in a closed room

Bank of Japan probing media report on stimulus

Japan's central bank is investigating a high-profile media report that revealed it was mulling a negative interest rate policy just before it made the formal …

Business • 03 Feb 16

Nissan's full year results beat expectations

Nissan profit soars to $4.2 billion on weak yen

Nissan today said its fiscal-year net profit soared 17.6% to $4.2 billion, crediting a weak yen and new model roll-outs for buoyant results that drove …

Business • 13 May 15

Toyota's revenues rose 6% to 27.23 trillion yen in the year to the end of March

Toyota's annual profit accelerates to $18 billion

Toyota said its annual profit accelerated 19% to a record $18.1 billion as the world's biggest car maker capitalised on a weak yen and strong …

Business • 08 May 15

Nissan's profits for the nine months to December was up 23.6%

Nissan raises profit forecast on cheaper yen

Nissan has raised its full-year net profit forecast to $3.5bn, thanks to cost cutting efforts and a cheaper yen.

Business • 09 Feb 15

Toyota booked a 1.13 trillion yen net profit for the six months to September

Toyota boosts full year profit forecast by 12.4%

Toyota today boosted its full-year profit forecast by 12.4% while also lifting its revenue estimate, citing a weak yen and cost cuts.

Business • 05 Nov 14

Nintendo keeps its full-year 20 billion yen profit forecast unchanged

Nintendo half yearly profits boosted by weaker yen

Japanese videogame giant Nintendo said today its first-half net profit soared to $132m as a sharply weaker yen boosted its bottom line and offset slowing …

Business • 29 Oct 14

Nissan full year profit jumps 14% to $3.8 billion

Nissan said today its full-year net profit jumped 14%, boosted by a weaker yen, cost-cutting efforts and brisk sales.

Business • 12 May 14

Workers at big Japanese firms to get first wage hike in years

Japan firms raise wages for first time in years

Major Japanese firms, including Toyota and Panasonic, today said they would boost employees' wages for the first time in years.

Business • 12 Mar 14