Text: G7 Details Current and Future Sanctions Vs Russia
WASHINGTON (MaceNews) – The following is the joint statement statement Friday by the Group of Seven countries, detailing new current sanctions and anticipated future sanctions being imposed on Russia: We the Leaders of the Group of Seven (G7) remain resolved to stand with the Ukrainian people and government who heroically resist Russian President Vladimir Putin’s […]
As Italy Government Tackles Thorny Reforms, Cracks in Majority Weaken Support for Draghi – Sources
By Silvia Marchetti ROME (MaceNews) – Rome’s push to tackle thorny reforms is opening more cracks among governing coalition partners, undermining support for Prime Minister Mario Draghi at a time when the Ukraine crisis calls for unity, ruling party officials say. Draghi is trying to push through parliament fiscal reforms aimed at simplifying the tax […]
Foreign Ministers of Russia and Ukraine Complete Unproductive Meeting in Turkey
(MaceNews) – Foreign ministers of Russia and Ukraine, Sergei Lavrov and Dmitry Kuleba, completed their meeting in the Turkish Mediterranean resort town of Antalya, the highest-level meeting between the two post-Soviet states on the15th day of shocking bloodshed in Europe since Russia invaded Ukraine on Feb. 24th. There was no progress to report but the […]
FOMC Set to Proceed ‘Carefully’ on Road to Tighter Monetary Policy, But Ultimate Destination Unclear
– Must Decide Pace of Rate Hikes, Where Neutral Is, and Whether Neutral Is High Enough – Fed Getting Closer to Balance Sheet Reduction But Funds Rate Primary Policy Tool By Steven K. Beckner (MaceNews) – It seemed virtually a foregone conclusion that the Federal Reserve would start raising short-term interest rates in mid-March after Jerome Powell’s […]
Ukraine War Expected to Speed Birth of EU Army – Italy Sources
–Plan would create EU rapid deployment force to cope with emergencies –Joint force aimed at supplementing NATO, boosting European military defense By Silvia Marchetti ROME (MaceNews) – The Ukrainian crisis is bound to accelerate the creation of a European Union military force and move toward a common defense policy, which the EU now lacks, said […]
Japan January Unemployment Edges Up To 2.8% Amid Covid Restrictions
— Job Cuts Y/Y Deeper in Wholesale, Retail, Education— Hospitality Jobs Up on January 2021, When Covid State of Emergency Imposed By Max Sato (MaceNews) – Job creation in Japan remained weak in January compared to a year earlier and the unemployment rate edged up from December as more people either lost their jobs or […]
Bank of Canada Hikes Policy Rate To 0.50% From Record Low 0.25% To Fight Inflation
–BOC Keeps Reinvesting in Government Bonds on Its Balance Sheet –BOC: Russia’s Invasion of Ukraine ‘A Major New Source of Uncertainty’–BOC: Expect Further Rate Hikes As Economic Growth, Inflation Pressures Continue –BOC: To Consider Start of Quantitative Tightening Based on Economic Assessment By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its […]
Toyota To Suspend Japanese Domestic Factory Operations as Suspected Cyberattack Hits Supplier
By Max Sato (MaceNews) – Toyota Motor said Monday that it will suspend all domestic factory operations on Tuesday after one of its parts suppliers was hit by a suspected cyberattack, adding to challenges for the auto industry that is already suffering from global chip shortages and pandemic-caused supply bottlenecks. It is unknown who staged […]
Japan February Tokyo Core CPI Rise Picks Up From January on Utilities, Processed Food
–Hotel Fees Slower After 2021 Double-Digit Gains Over 2020 Subsidized Discounts–Utilities Leading Energy Higher; Durable Goods Down As Stay-at-Home Demand Wanes–Most of Base Effect in Mobile Phone User Fee Cuts To Last Through March By Mas Sato (MaceNews) – The year-on-year rise in consumer prices in Tokyo, the leading indicator of the national average, picked […]
Analysis: Japan Economy Faces Headwind in Light of Russian Invasion of Ukraine
By Max Sato (MaceNews) – Japan’s wobbly economic recovery faces downside risks from high energy and commodities prices, which have surged on tensions over Ukraine between Russia and the West and could rise further on supply concerns now that Russia has invaded its neighbour. The direct impact of economic sanctions against Moscow on Japan’s trade […]