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Tokyo stocks rise as BoJ holds rates steady
Tokyo stocks rise as BoJ holds rates steady
by  AFP

Japanese stocks rose Thursday as the central bank kept its key interest rates steady as expected, in thin trade with most Asian markets shut for the May 1 holiday. Several markets were shut in Asia for holidays on Thursday, including in Hong Kong and mainland China.

Bank of Japan holds rates, lowers growth forecasts
Bank of Japan holds rates, lowers growth forecasts
by  AFP

The Bank of Japan on Thursday left its key interest rate unchanged but revised down its growth forecasts, warning that US trade tariffs are fuelling economic uncertainty. Bank officials began lifting borrowing costs last year after nearly two decades of ultra-loose monetary policies aimed at kickstarting torpid economic growth in Japan.

Ukraine, US sign minerals deal, tying Trump to Kyiv
Ukraine, US sign minerals deal, tying Trump to Kyiv
by  AFP

The United States and Ukraine on Wednesday signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid. Announcing the signing of the deal in Washington, Treasury Secretary Scott Bessent said it showed "both sides' commitment to lasting peace and prosperity in Ukraine."

Meta quarterly profit climbs despite big cloud spending
Meta quarterly profit climbs despite big cloud spending
by  AFP

Tech giant Meta reported quarterly profits well above expectations Wednesday, brushing aside market worries that its heavy investments in cloud computing and artificial intelligence would hamper growth. Some 3.43 billion people use apps in the Meta family daily, the tech firm said in the earnings report.

Caterpillar so far not hiking prices to offset tariff hit
Caterpillar so far not hiking prices to offset tariff hit
by  AFP

Caterpillar has trimmed corporate travel and other discretionary spending to offset a tariff hit, but has no plans to raise prices or overhaul supply chains, executives said Wednesday. The company is not currently considering price increases due to tariffs, partly out of the hope that Trump will reach trade deals that remove the levies, executives said.

Trump praises Musk as chief disruptor eyes exit
Trump praises Musk as chief disruptor eyes exit
by  AFP

US President Donald Trump on Wednesday said Tesla boss Elon Musk could stay working for the White House as long as he wanted but understood the tycoon wanted to get back to his businesses. "And you know you're invited to stay as long as you want," Trump said, though added that Musk may want "to get back home to his cars."

Mexico avoids recession despite tariff uncertainty
Mexico avoids recession despite tariff uncertainty
by  AFP

Mexico's economy returned to growth in the first quarter of 2025, avoiding a recession despite deep uncertainty over US President Donald Trump's sweeping tariffs, official data showed Wednesday. The positive growth means Mexico outpaced the US economy, which data released on Wednesday showed contracted in the first three months of the year.