Beirut braces for more violence after night of riots left hundreds hurt
Dozens of anti-government protesters gathered in Lebanon's rainy capital on Sunday, as security forces braced for more rioting after a night of violence left hundreds wounded. Security forces, including Lebanese military, were heavily deployed across downtown Beirut after the worst violence since the unrest erupted ...
Post-Olympic economic slump unlikely to hit Japan, experts say
As Japan gears up for Olympic euphoria later this summer, some fret that the country could experience a sense of deja vu, recalling the significant economic downturn that followed the hosting of the 1964 Tokyo Games. However, it is unlikely that Japan will face such ...
Japan firms growing pessimistic about economy amid U.S.-China spat
Major Japanese companies are growing more pessimistic about the economy due to worries over prolonged U.S.-China trade tensions and last year's consumption tax hike, a Kyodo News survey showed Thursday. Of 113 companies polled, including Toyota Motor Corp., NTT Docomo Inc. and Sony Corp., 19 ...
Emmanuel Macron embarked Wednesday on what is shaping up to be another rocky year for his presidency of France, facing a fresh barrage of anger from critics for using a new year's address to reaffirm his commitment to fiercely contested pension reforms. Far-left leader Jean-Luc ...
Striking Paris Opera musicians ushered in a new year of protest against President Emmanuel Macron's government by playing extracts from "Carmen" and "Romeo and Juliet" to a square steeped in the history of the French Revolution. The spirited, makeshift performance Tuesday on the front steps ...
The euro, the pound and a clutch of trade-sensitive currencies rallied as the dollar slid to a six-month low on Tuesday, as investor confidence in global growth prospects and the Phase 1 U.S.-China trade deal spurred a risk-on move. U.S. President Donald Trump said on ...
Good time to buy yen with your dollars, history suggests
The last quarter of 2019 has been painful for yen bulls, but if history is any guide, good times may be just around the corner. January has typically proved to be a favorable month for Japan's currency, bringing gains against the dollar in seven of ...
Hong Kong protests cause economy to shrink in fourth quarter
Hong Kong's economy is set to contract in the fourth quarter as the city reels from six months of violent social unrest, the financial chief said Sunday. "Based on the situation of these few months, it is inevitable that negative growth will continue," Financial Secretary ...
In bid to revive flagging economy, Dubai plans record spending
Dubai unveiled a 2020 budget on Sunday projecting record spending of $18.1 billion, up 17 percent on this year, as it seeks to revive its flagging economy. The Persian Gulf city state expects revenues too to rise sharply next year as it hosts Expo 2020, ...
Falling output and retail sales signal Japan's economic strains
Industrial output slipped for the second straight month in November, raising the likelihood that the economy will contract in the fourth quarter due to slowing demand abroad and at home. Japan's economy has cooled in recent months due to a prolonged hit to exports from ...
Deepening negative rates would do more harm than good, says Bank of Japan ex-deputy
The Bank of Japan has nearly exhausted its policy ammunition for boosting the economy, as deepening negative interest rates — seen as the most likely step if it were to expand stimulus — will do more harm than good, former BOJ Deputy Gov. Toshiro ...
Abe and Bank of Japan's Kuroda apply more pressure on firms to raise wages
Prime Minister Shinzo Abe and Bank of Japan Gov. Haruhiko Kuroda piled pressure on the country's business leaders Thursday, urging them to lift wages to help boost the economy. For the seventh straight year, Abe told a year-end gathering of business lobby Keidanren he hoped ...
