1.
Exxon barred from Iraqi oil, gas auction
TOKYO, Aug. 19 (UPI) -- Japan's central bank, noting the country's sluggish economy due to inflation and weak exports, Tuesday left its key interest rate unchanged at 0.5 percent.
It was the 18th straight month that the Bank of Japan had made no change in the target rate for unsecured overnight call money.
The bank downgraded its overall assessment of economic conditions for the second consecutive month.
"Economic growth has been sluggish against the backdrop of high energy and materials prices and weaker growth in exports," the bank said, Kyodo new service reported.
But the bank also said the economy "is expected to return gradually onto a moderate growth path as commodity prices level out and overseas economies move out of their deceleration phase."
Earlier this month, the Japanese government in its monthly report said the economy may have entered a contraction phase for the first time since February 2002, the report said.
|
|
|
| Additional Business News Stories | |
BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
|
ARLINGTON, Va., Feb. 14 (UPI) --
The proposed U.S. budget, with its envisaged $487 billion defense spending cuts over 10 years, is seen as a "direct hit" on the aerospace and defense industry.
|
Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
|
President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
|
| Stories | Photos | People | Comments |
View Caption
