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Yen weakens, monetary stimulus to boost Japan’s economy

  Bloomberg The yen fell, headed for a second weekly decline, amid speculation that further monetary stimulus to boost Japan’s struggling economy is now inevitable — whether or not it comes at next week central-bank meeting. The Bank of Japan’s next monetary policy statement is due July 29, though Mizuho Bank Ltd says officials may well refrain from cutting their ...

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Beijing slams EU, Japan, S Korea with steel duties

  AFP China said on Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices. Duties on the materials, used in power transformers and electric motors, will range from around 37 to as high as 46.3 percent, the commerce ministry said ...

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Bank hacks raise fears for financial sector

  AFP A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an increasingly attractive target for hackers. Banks in Bangladesh, the Philippines, Vietnam and Ecuador have been victimised over the past year in the attacks on the global interbank service known as SWIFT, and ...

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