Author: News Room

By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will raise interest rates again at its December meeting as a strengthening economy and concerns over the depreciating yen prompt policymakers to act, according to just over half of economists in a Reuters poll. The BOJ is also likely to keep pushing interest rates higher in the wake of Donald Trump’s Nov. 5 election victory, most economists said, as markets brace for a slew of inflationary policies under the new administration. In the Nov. 13-21 poll released on Friday, 56% of economists, 29 of 52, said the BOJ would raise…

By Tom Westbrook SINGAPORE (Reuters) – Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine. The risk of escalation also sent European gas prices to a one-year high and pushed investors towards safe havens, underpinning German debt and putting the Swiss franc on course for its first weekly rise in two months. In Asia on Friday, chipmakers led stocks a little higher after Nvidia (NASDAQ:) touched a record high in…

Gold price scales higher for the fifth straight day and touches a nearly two-week high on Friday. The worsening Russia-Ukraine conflict continues to drive haven flows toward the XAU/USD. Bets for a less dovish Fed, elevated US bond yields, bullish USD does little to hinder the move up. Gold price (XAU/USD) prolongs its uptrend for the fifth consecutive day on Friday and climbs to a nearly two-week top, around the $2,690-2,691 area during the Asian session. Intensifying Russia-Ukraine tensions force investors to take refuge in traditional safe-haven assets and turn out to be a key factor underpinning the precious metal.…

GALA/USDT surged over 70% after breaking a key downtrend and support. GalaChain integrated with Bitrue, enabling direct trading and eliminating Ethereum bridge fees. Liquidity access and reduced fees enhance user experience and drive Gala ecosystem growth. Gala (GALA) has made a strong recovery, breaking a long-term downtrend and moving upward. After pulling back to a key support range, the price surged again, hitting the first target and delivering over 70% gains. This shift highlights a turning point for GALA/USDT as both technical progress and ecosystem advancements drive growth. #GALAUSDT – UPDATE After the price was able to break the downward…

Sean “Diddy” Combs is making his third application for bail in his Manhattan sex-trafficking case.In papers filed Thursday, Combs’ lawyers cite ex-Abercrombie & Fitch CEO Michael Jeffries.Jeffries is free on bail on serial sex trafficking charges, so Combs should be too, his lawyers say.In a third bid for bail, lawyers for Sean “Diddy” Combs argue that ex-Abercrombie & Fitch CEO Michael Jeffries has remained free pending his own federal sex-trafficking case — and so the rap mogul should be released pending trial, too.Jeffries was quickly granted $10 million bail, without prosecution opposition, after his arrest four weeks ago on charges…

OpenAI is considering making a web browser, sources told The Information.The browser would be integrated with ChatGPT, according to the report.Google is doubling down on AI for search, too, starting on mobile.OpenAI is eyeing two territories that have long been dominated by Google, according to a report from The Information: web browsing and search.The AI startup is at the early stages of considering the development of a web browser that would be integrated with OpenAI’s ChatGPT, sources familiar with the matter told The Information.OpenAI has also approached travel, retail, real estate, and food websites about a search tool that would…

TOKYO (Reuters) – Consumer inflation in Tokyo for November likely surpassed the Bank of Japan’s 2% price target following a reduction in fuel subsidies and with an increase in food costs, a Reuters poll showed on Friday. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide price trends, was expected to have accelerated to 2.1% in November from a year earlier, the median forecast of 17 economists showed. That would follow a 1.8% rise in October, when it was below the central bank’s target for the first time in five months. “The index’s year-on-year increase (in…

Investing.com– Most Asian stocks rose on Friday, buoyed by strength in chipmaking and cyclical stocks, which helped markets weather heightened tensions over the Russia-Ukraine war.  Regional markets took some positive cues from Wall Street, with chipmaking stocks tracking strength in NVIDIA Corporation (NASDAQ:), which hit a record high on Thursday.  But broader tech stocks were rattled by a sharp drop in Alphabet Inc Class A (NASDAQ:) after U.S. authorities made several recommendations to break up the firm’s alleged monopoly in online search.  U.S. stock index futures were flat in Asian trade, as risk appetite was battered by heightened tensions between…

By Laila Kearney (Reuters) – Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies. futures gained 14 cents, or 0.2%, to $74.37 a barrel by 0007 GMT. U.S. West Texas Intermediate crude futures rose 17 cents, or 0.2%, to $70.27 per barrel. Russian President Vladimir Putin said on Thursday that the Ukraine war was growing into a global conflict after the U.S. and Britain allowed Ukraine to strike Russia with their weapons. Putin, who said Russia responded to the use…

The Japanese Yen ticks higher as stronger domestic inflation revives bets for more BoJ rate hikes. The upbeat market mood and elevated US bond yields cap the upside for the lower-yielding JPY. The USD stands firm near its highest level in over a year and offers support to the USD/JPY pair.  The Japanese Yen (JPY) attracts some buyers for the second straight day on Friday amid reviving bets for more interest rate hikes by the Bank of Japan (BoJ), though it lacks any follow-through. Against the backdrop of BoJ Governor Kazuo Ueda’s hawkish remarks on Thursday, slightly higher-than-expected consumer inflation…