The Japanese currency was slightly firmer at 151.26 per dollar having traded just shy of the 152 mark at its weakest since 1990 on Wednesday before Japan's top monetary officials suggested they were ready to intervene to prevent further declines. Fed Governor Christopher Waller said late on Wednesday that recent disappointing inflation data affirms the case for the U.S. central bank holding off on cutting its short-term interest rate target. "Waller is one of the more important Fed policy makers and, while I don't see this being a big move, the remarks have put some momentum into the market which has been stuck in very tight trading ranges," Lee Hardman, senior currency strategist at MUFG, said.
Peru's Navy selected the Korean shipyard Hyundai Heavy Industries as a shipbuilding partner, as it seeks to strengthen the local naval industry. Peru's Navy industrial services division chose Hyundai Heavy Industries after evaluating the interest of shipyards from Germany, the United States, the United Kingdom, France, Spain, Italy and the Netherlands, a statement by the entity said late on Wednesday. The Navy is aiming to improve its infrastructure and technology for its shipyard located next to the port of Callao, the largest in the country on the central coast of South America.
A rescue funding plan drawn up in July but has fallen through ahead of the first payment