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U.S. markets recover from steep losses
TOKYO, Aug. 11 (UPI) -- The Bank of Japan decided Friday to keep its benchmark short-term interest rate steady at 0.25 percent.
However, bank governor Toshihiko Fukui left room for a rate increase by year-end, Kyodo reported.
"If I were asked about the possibility of interest rate hikes within this year, naturally I could not deny it," Fukui said. "At the same time, I do not have any intention of signaling more rate rises by the end of the year, either."
He also said he doesn't have any preconceptions about the timing of a possible second rate hike, following one in July, the first increase in six years.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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