Tokyo / Reuters Bank of Japan Governor Haruhiko Kuroda stressed on Tuesday his readiness to expand monetary policy still further, saying that market moves would be key factors the central bank would examine in deciding when and how it might next expand stimulus. Kuroda maintained his optimism that Japan’s economy was recovering moderately, despite last week’s ‘tankan’ survey that showed ...

ZURICH / Reuters For much of its 125 years selling luxury goods, Switzerland’s family-run emporium Bongenie Grieder has been the kind of place where affluent shoppers felt at ease and staff were confident they had a job for life. Then came January 2015’s ‘franc shock’ when the Swiss National Bank’s (SNB) dramatic decision to lift a cap against the euro ...

Reuters Department store operator Hudson’s Bay Co reported a smaller-than-expected quarterly profit as expenses soared and sales at established Saks Fifth Avenue stores dropped. The company’s cost of sales rose 74 percent in the fourth quarter ended January 30, while its selling, general and administrative expenses almost doubled. Saks Fifth Avenue, the company’s luxury chain, reported a 1.2 percent drop ...