[ Finance minister Satsuki Katayama reportedly to confirm move Monday, first such effort since 2011 Japanese Finance Minister Satsuki Katayama will announce on Monday that Tokyo and Washington took joint action in the currency market to arrest the yen’s slide to 40-year lows, two Japanese government officials told Reuters. Katayama is likely to stress the two countries’ determination to combat what they … Read more

[ MEXICO CITY: The US Treasury bought yen on Friday to support the battered Japanese currency, the Financial Times reported, marking Washington’s first yen-buying intervention with Tokyo in more than a decade as it languishes near 40-year lows. The Federal Reserve Bank of New York sold euros for yen on behalf of the Treasury through … Read more

[ HOUSTON: Top US oil producers ExxonMobil and Chevron warn that global supplies of diesel and other refined products will likely remain tight and lead to persistently high prices in the second half of the year as the Iran war continues to cause major energy disruptions. Both companies reported large jumps in second-quarter refining profits … Read more

[ Interior minister echoes calls, says youth not seeking handouts but fair opportunities ISLAMABAD’: Federal Minister for Commerce Jam Kamal Khan, on Saturday, emphasised that reforming and restructuring the governance model is essential to meet the challenges of the modern digital age, saying the move is needed “more in this new era of digital speed … Read more