Finance chiefs from the Group of 20 major economies condemned Russia’s invasion of Ukraine and called for a prompt end to the war during their one-day meeting Wednesday, this year’s rotating chair Indonesia said. “Members expressed deep concerns about …
URGENT: IMF chief calls for G-20 cooperation amid tensions over Russia’s war
International Monetary Fund chief Kristalina Georgieva on Wednesday called for cooperation in the Group of 20 major economies amid tensions among members over Russia’s war in Ukraine, although acknowledging it is a “difficult moment.” “It is so obvious…
Toyota to launch 1st dedicated EV for luxury Lexus brand in late 2022
Toyota Motor Corp. said Wednesday it will start globally launching its upscale Lexus brand’s first dedicated battery electric vehicle from late this year in a sport utility body style. The RZ model, based on the same chassis of Toyota’s first EV-only b…
Baseball: Jays’ Kikuchi gets no-decision, left waiting for 1st win
Toronto Blue Jays lefty Yusei Kikuchi allowed one run in his five-inning start, but he is still chasing his first win of the season after a 2-1 loss to the Boston Red Sox on Tuesday. Kikuchi, who took the loss against the New York Yankees last week, de…
Yen slips to new 20-year low in 129 level vs. U.S. dollar
The Japanese yen slipped to a new 20-year low in the 129 zone against the U.S. dollar Wednesday morning in Tokyo, coming under renewed pressure on the prospect of a further widening in the interest rate gap between the two countries. The yen bounced ba…
URGENT: U.S., Japan, EU leaders affirm swift support to Ukraine amid war
Leaders from the United States, Japan and the European Union agreed Tuesday to continue providing swift support to Ukraine as Russia begins a renewed military offensive in the eastern part of its neighboring country. Prime Minister Fumio Kishida told h…
Soccer: East Asia E-1 Championship finals moved from China to Japan
The East Asian Football Federation E-1 Championship finals, which were originally scheduled to be held in China in July, will now be hosted by Japan, the Japan Football Association said Tuesday. The 2022 edition of the E1 finals was set to take place J…
URGENT: Yen falls to 128 level vs. dollar in fresh 20-year low
The Japanese yen continued to fall against the U.S. dollar on Tuesday, tumbling to a fresh 20-year low at the 128 yen level. The yen has been weakening amid prospects of a widening interest rate difference between the United States and Japan. It was la…
FOCUS: Shanghai lockdown may disrupt supply chain, undermine global economy
A prolonged lockdown in China’s commercial and trade hub of Shanghai may disrupt the global supply chain, dealing a crushing blow to the world’s economy that has already lost its recovery momentum following Russia’s war on Ukraine. The Communist-led go…
More Japan-listed firms shutter Russian operations: survey
Over 30 percent of listed Japanese firms which operate in Russia have decided to stop doing so as Moscow continues its war in Ukraine, a survey by a credit research firm recently showed. In the Teikoku Databank Ltd. survey, 60, or 36 percent, of the 16…