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The New York-based company has faced intensifying competition for premium credit card customersPublished Tue, Jun 17, 2025 · 12:07 PM[NEW YORK] American Express (Amex) teased updates coming later this year to its travel-focused Platinum credit cards, announcing what it called its “largest investment ever” in a credit card refresh.“We are going to take these cards to a new level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel,” Howard Grosfield, Amex’s group president for US consumer services, said on Monday (Jun 16). Amex raised its Platinum card annual fee to…

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The Bank of Japan kept its interest rates steady on Tuesday and said it would slow the pace of reduction in its bond purchases next year, signalling a cautious approach to unwinding its decade-long monetary stimulus.As widely expected, the central bank maintained short-term interest rates at 0.5 per cent by a unanimous vote at the two-day policy meeting that ended on Tuesday.The decision comes amid escalating Middle East tensions and new U.S. tariffs, complicating the BOJ’s efforts to raise still-low interest rates and shrink a balance sheet now roughly the size of Japan’s economy.QUOTES NORIHIRO YAMAGUCHI, SENIOR JAPAN ECONOMIST, OXFORD…

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Published Tue, Jun 17, 2025 · 11:33 AM[SYDNEY] KKR has agreed to buy Australia’s Zenith Energy, a provider of off-grid power systems, from a group including Pacific Equity Partners Pty, Opseu Pension Trust and Foresight Group Holdings.The investment firm did not provide a value for the deal, but said in a statement that it followed Zenith’s completion of a A$1.9 billion (S$1.6 billion) refinancing that provided the company with more than A$1 billion of capital to support the development of new projects. KKR will make the investment from its Asia-Pacific Infrastructure Investors II Fund. KKR paid A$1.7 billion at 12…

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A pedestrian walks past the Bank of Japan (BoJ) building in central Tokyo on July 28, 2023.Richard A. Brooks | Afp | Getty ImagesJapan’s central bank on Tuesday said it would slow the pace of government bond purchases from April next year, while it also held its benchmark rate at 0.5% amid rising growth risks.The Bank of Japan, whose rate decision was in line with expectations from economists polled by Reuters, reiterated it would continue reducing its monthly purchases of Japanese government bonds by about 400 billion yen ($2.76 billion) per quarter to about 3 trillion yen until March 2026,…

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Shohei Ohtani gave up a pair of two-strike hits and a run in his Los Angeles Dodgers pitching debut against the San Diego Padres on Monday night, 21 months after the two-way superstar had elbow surgery.Ohtani threw 28 pitches — 16 for strikes — in the first inning as fans hung on every one of them. They oohed when a fastball was clocked at 100.2 mph — the second-hardest pitch thrown by a Dodgers hurler this season.Ohtani appeared to be laboring on the mound, his face sweaty. He warmed up to his usual music, Michael Bublé’s version of “Feeling Good.”After…

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TOKYO :The Bank of Japan kept interest rates steady on Tuesday and decided to slow the pace of reduction in its bond purchases from next fiscal year, signalling its preference to move cautiously in normalising still-easy monetary policy.As widely expected, the central bank maintained short-term interest rates at 0.5 per cent by a unanimous vote at the two-day policy meeting that ended on Tuesday.It also decided to make no changes to an existing bond taper plan that runs through March 2026 and laid out a new plan beyond April next year.Under the plan for fiscal 2026, the BOJ will reduce…

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[BRUSSELS] The Group of Seven (G7) leading economies are working to shore up supplies of critical minerals as they seek to move away from reliance on China for materials used in everything from mobile phones to wind turbines.G7 leaders aim to agree to a statement at their meeting in Kananaskis, Canada, to establish an “action plan” to diversify supplies of the vital metals and encourage “immediate and scaled investment” in projects, according to a draft document obtained by Bloomberg. Without mentioning China – which accounts for almost 70 per cent of the world’s production of rare earths – they mentioned…

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KUALA LUMPUR :Buyers are attracted to Shell’s LNG Canada project because it uses the Canadian Alberta Energy Company (AECO) price index as a benchmark, which is lower than the Henry Hub price in the U.S., the company’s chief executive said on Tuesday. “What is particularly attractive about LNG Canada in today’s world, retrospectively, is the AECO indexation,” Shell CEO Wael Sawan said at the Energy Asia conference, adding that there will be more supply of AECO gas at lower prices. “And so that differential between AECO and Henry Hub, not to mention the proximity to Asia, all of that makes…

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