Bank of Japan’s Tamura calls for raising rates to at least 1%

Bank of Japan’s Tamura calls for raising rates to at least 1%

BANK of Japan board member Naoki Tamura said on Thursday the central bank must raise short-term interest rates to at least around 1 per cent to avoid inflationary risks from materialising. “We must raise interest rates at an appropriate timing, and in several stages,” Tamura said in a speech to business leaders in Okayama, western…

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UN experts call for global system to trace critical minerals

UN experts call for global system to trace critical minerals

UN EXPERTS called on Wednesday for the creation of a global system to trace the extraction and production of critical minerals that are needed in the transition away from fossil fuels. The massive effort to develop renewable energy, essential in the fight against climate change, requires minerals and metals such as copper, cadmium, nickel and…

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Europe: Stoxx 600 little changed as focus shifts to ECB

Europe: Stoxx 600 little changed as focus shifts to ECB

EUROPEAN shares ended flat on Wednesday as gains in technology shares were offset by losses in real estate shares, while investors shifted their focus to the European Central Bank for its rate decision on Thursday. The pan-European Stoxx 600 index was little changed on the day. German shares outperformed European peers as Commerzbank surged 16 per cent, after Italy’s UniCredit bought…

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IBM shares hit record as investors look for stable tech winners

IBM shares hit record as investors look for stable tech winners

ONE of history’s original big tech firms has been having a quiet renaissance that’s pushed its shares to their first record in more than a decade. International Business Machines (IBM) is up 28 per cent this year, beating tech giants such as Apple, Microsoft, Amazon.com and Alphabet. The outperformance – after years as one of…

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