(Bloomberg) -- Japan’s prime minister and its central bank chief reiterated their united front on foreign exchange matters Monday after a meeting following last week’s slide in the yen to a 24-year low against the dollar.Most Read from BloombergUS Futures Gain With European Stocks; Dollar Slips: Markets WrapBiden Says US Recession Avoidable After Call With Ex-Treasury Secretary SummersPutin May Win in Ukraine, But the Real War Is Just StartingRally Builds After $2 Trillion Wipeout; Yields Up: Ma
(Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda held firm with rock-bottom interest rates, defying an intensifying global wave of central bank tightening and concentrated market pressure on the yen and government bonds.Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsStocks Jump as Powell Soothes Wall Street’s Nerves: Markets WrapFed Hikes 75 Basis Points; Powell Says 75 or 50 Likely in JulyWorld’s Central Banks Got It Wrong, and Economies Pay the Pri
After a brief respite on Monday, shares of electric-vehicle (EV) leader Tesla (NASDAQ: TSLA) turned back south again on Tuesday. Tesla has announced plans to resume full-capacity production of EVs at its Shanghai Gigafactory as early as today. If it succeeds in getting production back up to full speed, it could be churning out nearly 950,000 vehicles per year in China, putting it back on track toward its goal of producing 1.5 million EVs per year.