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Japan sees yen problem in latest earnings season

Bloomberg In a disappointing third-quarter earnings season for Japan Inc, one prominent theme is that moves in the yen have been a particular headache. A total of 438 Tokyo-listed companies have cut their full-year earnings guidance, according to data compiled by Bloomberg. Fifty-six of them announced a change to their currency expectations in addition to their lowered profit forecasts. Prominent ...

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Fed may defy history with rates steady through polls

Bloomberg Federal Reserve Chairman Jerome Powell is likely to signal again this week that monetary policy is on hold, buttressing the belief that he may steer clear of action through 2020. Surprisingly, that would be an historic anomaly for a US presidential election year. Rather than keeping its head down, the Fed has changed policy in one direction or another ...

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China banks get lifeline from local governments

Bloomberg China’s local governments are helping inject fresh capital into small lenders across the country, part of an expanding campaign to restore confidence in the world’s largest banking system. At least 10 small Chinese banks have raised money this year by selling shares packaged with non-performing loans, in several cases to buyers controlled by local authorities. In at least one ...

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