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[ad_1] EUR/JPY trades in positive territory near 163.45 in Wednesday’s Asian session. The BoJ left policy settings unchanged at its March meeting on Wednesday. Germany’s parliament approved plans for a massive spending surge on Tuesday, supporting the Euro. The EUR/JPY cross extends the rally to around 163.45 during the Asian trading hours on Wednesday. As widely expected, the Bank of Japan (BoJ) decided to keep its policy rate unchanged on Wednesday after three hikes in the year since it ended the world’s last negative interest rate. The attention will shift to the Harmonized Index of Consumer Prices (HICP) inflation data…
[ad_1] Tesla on Tuesday received the first in a series of approvals from California required for the electric car maker to eventually launch a promised robotaxi service in the state, according to a state regulator.Brandon Bell | Getty ImagesTesla on Tuesday received the first in a series of approvals from California required for the electric car maker to eventually launch a promised robotaxi service in the state, according to a state regulator.The California Public Utilities Commission (CPUC) said it approved Tesla’s application for a transportation charter-party carrier permit(TCP), a license typically associated with chauffeur-operated services, allowing the company to own and control a fleet of vehicles and transport employees on pre-arranged trips.The permit is a…
[ad_1] (Bloomberg) — Federal Reserve officials will likely hold interest rates steady when they meet Wednesday, buying time to assess how President Donald Trump’s policies impact an economy facing both lingering inflationary pressures and mounting growth concerns. Most Read from Bloomberg Fresh tariffs from the Trump administration, paired with retaliatory action from US trade partners, have dented consumer sentiment and fanned Americans’ expectations for future inflation. And with some levies getting postponed shortly after being announced, it’s unclear how the trade war will ultimately shape the economy. The uncertainty will likely keep policymakers in a wait-and-see mode, reluctant to wed…
[ad_1] When the Trump administration issued a memo last week directing agency officials to claw back grants for biking, walking, and other green infrastructure, Rep. Rick Larsen (D-Wash.) quickly condemned the move as “a direct attack on communities who were awarded funding to invest in safer, cleaner mobility solutions.”Those were strong words from the top-ranking Democrat on the House Transportation and Infrastructure Committee — and it could signal the start of a bruising battle to protect some of America’s most hard-won safety dollars. And Larsen argues that many of his Republican colleagues will join him in the fight, too.We sat down…
[ad_1] US President Donald Trump speaks at the Department of Justice in Washington, DC, on March 14, 2025. Roberto Schmidt | AFP | Getty ImagesA federal judge on Tuesday temporarily blocked the U.S. military from enforcing President Donald Trump’s executive order barring transgender people from military service while a lawsuit by 20 current and would-be service members challenging the measure goes forward.U.S. District Judge Ana Reyes in Washington found Trump’s January 27 order, one of several issued by the Republican president targeting legal rights for transgender Americans, likely violated the U.S. Constitution’s prohibition on sex discrimination.”The cruel irony is that thousands…
[ad_1] Author: Lin Bo-yu Regulation March 19, 2025 SBTi to revise Corporate Net-Zero Standard and relax certain emission reduction criteria. (Photo: iStock) The Science Based Targets initiative (SBTi) released the draft revision of its “Corporate Net-Zero Standard” on March 18. The revision proposes changes to the recognition of Scope 3 emission reduction and suggests that separate targets be set for Scope 1 and Scope 2 emissions. The draft also proposes allowing companies to use carbon removal credits to offset their residual emissions, which is expected to inject new momentum into the voluntary carbon market. SBTi corporate standard revision draft delayed for over 6 months…
[ad_1] Author: Lin Bo-yu Regulation March 19, 2025 SBTi to revise Corporate Net-Zero Standard and relax certain emission reduction criteria. (Photo: iStock) The Science Based Targets initiative (SBTi) released the draft revision of its “Corporate Net-Zero Standard” on March 18. The revision proposes changes to the recognition of Scope 3 emission reduction and suggests that separate targets be set for Scope 1 and Scope 2 emissions. The draft also proposes allowing companies to use carbon removal credits to offset their residual emissions, which is expected to inject new momentum into the voluntary carbon market. SBTi corporate standard revision draft delayed for over 6 months…
[ad_1] Traders on the floor of the New York Stock Exchange on March 14, 2025, at the opening bell. Timothy A. Clary | Afp | Getty ImagesStock futures hovered below the flatline Tuesday night as the Federal Reserve’s interest rate decision looms.Futures tied to the Dow Jones Industrial Average lost 49 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each shed about 0.1%. Investors are coming off of a rough Tuesday, which saw the recent market sell-off come back in full force after two winning sessions.The Dow Jones Industrial Average lost 0.6%, while the S&P 500 shed more than 1%. The broad market…
[ad_1] The Canadian Dollar churned chart paper near 1.43 on Tuesday. Canadian CPI inflation accelerated faster than expected in February. Despite the inflation uptick, the Loonie is holding steady as BoC rate cut bets ease. The Canadian Dollar (CAD) found a foothold against the US Dollar (USD) on Tuesday, cycling near the 1.4300 handle after Canadian Consumer Price Index (CPI) inflation accelerated even faster than expected in February. Despite inflation once again rearing its head in Canadian data, the Loonie found some market support as the CPI upswing diminishes the odds of further rate cuts from the Bank of Canada…