Tag: higher

Tokyo shares open higher with Yellen speech in focus

TOKYO, Japan (AFP) — Tokyo shares opened higher Tuesday as the yen’s fall boosted exporters including Toyota and Panasonic, while markets awaited Federal Reserve chair Janet Yellen’s speech later in the day. Tokyo’s benchmark Nikkei 225 index rose 0.46 percent, or 92.01 points, to 20,245.36 in morning trading, while the Topix index of all first-section issues gained 0.45 percent, or 7.31 points, to 1,619.52 yen. In currency markets, the dollar firmed to 111.92 yen, against […]

BSP expects higher inflation rate in 2017-2018

QUEZON City, Philippines – The Bangko Sentral ng Pilipinas forecasts an increase of 3.3% in the inflation rate in 2017 and an increase of 3% in the inflation rate in 2018. The higher inflation rate is due to the oil price hike in the world market.