By Rae Wee SINGAPORE (Reuters) - The yen lost ground after the Bank of Japan on Friday maintained ultra-low interest rates and its forecast that inflation will slow later this year - a dovish stance that runs counter to hawkish policies taken by peers globally. The decision by the BOJ to keep its short-term interest rate target at -0.1% and its 10-year bond yield around 0% was widely expected.
By Rae Wee SINGAPORE (Reuters) - The yen lost some ground after the Bank of Japan on Friday maintained ultra-low interest rates and forecast that inflation will slow later this year - reiterating its dovish stance that runs counter to hawkish policies taken by peers globally. As widely expected, the BOJ maintained its -0.1% short-term interest rate target and a 0% cap on the 10-year bond yield
By Joice Alves and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) - The yen plunged to a fresh 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept ultra-low interest rates and forecast that inflation will slow later this year, in contrast with the European Central Bank's (ECB) rate hike on Thursday. The Japanese currency also fell against the dollar, dropping to a
By Helen Coster NEW YORK (Reuters) - Publisher Gannett plans to include generative artificial intelligence in the system it uses to publish stories as it and other news organizations begin to roll out the popular technology that may help save money and improve efficiency. But the largest U.S. newspaper publisher with over 200 daily outlets said it will include humans in the process so that the
By Valentina Za MILAN (Reuters) - Intesa Sanpaolo, Italy's biggest bank, on Thursday launched a new digital lender dubbed Isybank as it strives to upgrade the technology underpinning its business and cut costs. Isybank is powered by cloud technology provided by Britain's ThoughtMachine, a cloud-native banking technology firm. The cloud services are supplied by Google which has invested 1 billion