A man walks in front of an electronic board?displaying the exchange rate for the Japanese yen against the US dollar in Tokyo on June 24, 2024.NEW YORK, United States — The yen, weakened by the Japanese government's easy monetary policy, hit a 38-year low against the dollar on Wednesday, sparking speculation about a new intervention by authorities.
The Asian country's top currency official has said authorities were ready to act 24 hours a day if the unit fell too far, but some investors have said they suspect the new trigger may be 165 yen to the dollar. The euro also remained under pressure before weekend elections in France that polls suggest will see big wins for far-right and left-wing parties, pushing President Emmanuel Macron's pro-business centrists into third.
Among individual stocks, shipping giant FedEx surged 15.5 percent on Wednesday after reporting earnings that topped analysts' estimates following job cuts and other measures to cull expenses. Almost 3,500 customers of Maynilad Water Services Inc. in Imus, Cavite will each receive over P1,000 in refund after the...
IP E-Game Ventures Inc., a former leading online game publisher, is investing at least P300 million to pursue its planned...