The value of the pound is jumping on Wednesday afternoon after Bank of England Governor Mark Carney hinted that he could be close to voting for a hike in interest rates during a panel appearance. "Some removal of monetary stimulus is likely to become necessary if the trade-off faRead more »
Global coordination is important as the world economy undergoes changes, including the latest increase in U.S. interest rates earlier this month, China's Vice Finance Minister Zhu Guangyao said ahead of a G20 summit of leaders in July. As the global economy stabilises, major countries need to normalise
Shareholder activist David Webb, who highlighted vulnerabilities in some Hong Kong small-cap shares, said the rout showed regulators had failed investors.
By Minami Funakoshi and Izumi Nakagawa TOKYO (Reuters) - Japanese retail sales rose less than expected in May as sales of durable goods and clothes slowed, falling substantially from April's annual increase though analysts expect sales to continue rising as a trend. Retail sales rose for the seventh