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☆ Olympus shares drop over 5% after CEO resigns over drug allegation
▼ + stars: | 2024-10-28 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

The Olympus Corp. flag flies outside the company's Ishikawa research development facility in Tokyo, Japan, on Monday, March 14, 2022. Shares of Japanese camera giant Olympus Corp fell on Monday after the company announced the resignation of its chief executive officer over a drug allegation. The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann's resignation, according to LSEG data. So far this year, Olympus shares have jumped 31.9%, outperforming Japan's benchmark Nikkei 225, which has risen 13.3%. Kaufmann, 56, who had worked at Olympus for two decades, complied with a request to offer his resignation, the company added.

Persons: Stefan Kaufmann's, Olympus, Stefan Kaufmann, Kaufmann, Yasuo Takeuchi, Takeuchi, Michael Woodford Organizations: Olympus Corp, Tokyo Stock Exchange, Olympus, Nikkei, CNBC, Toyota Motor, America Locations: Tokyo, Japan

☆ Why an economic soft landing may prove elusive
▼ + stars: | 2023-10-13 | by ( Edward Chancellor | ) www.reuters.com time to read: +8 min

His latest book, “You Always Hurt the One You Love: Central Banks and the Murder of Capitalism”, won’t make him any friends in monetary policymaking circles. The Fed responded by reducing interest rates to zero and employing various tools to lower bond yields. These economic imbalances prevented central banks from returning interest rates to normal levels. Unless, that is, liberalising economic reforms are enacted that boost productivity and allow interest rates to rise. Bernard Conolly’s book, “You Always Hurt the One You Love: Central Banks and the Murder of Capitalism” was published in hardback in September.

Persons: Bernard Connolly, Connolly, won’t, they’ve, Michael Woodford, ”, Alan Greenspan, staved, Lehman, Edward Chancellor’s “, Bernard Conolly’s, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, European Monetary Union, European Commission, Banks, U.S . Federal, stoke, Lehman Brothers, Fed, Reuters Graphics, Treasury, Securities, Thomson Locations: U.S, United States, British, Europe, American, “, ”, disequilibrium, intertemporal, Central

☆ What happens in Jackson Hole doesn’t stay in Jackson Hole
▼ + stars: | 2023-08-25 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

New York CNN —Most of the year, people visit Jackson Hole, Wyoming, to ski, fly fish or simply enjoy the region’s vast natural beauty. Setting the stage: the economic backdropInflation has slowed significantly since last year’s Jackson Hole conference, alongside glimmers of a cooling labor market. A look back at past Jackson Hole conferencesLast year’s Jackson Hole conference was notable not just because it was the first time in two years that economists gathered in person. Months after Bernanke’s Jackson Hole speech, he unveiled a whole new phase of bond-purchasing in what has now become known as QE2. A columnist for the Financial Times went so far as to say that Draghi “certainly stole the show this year [at Jackson Hole].”No matter what comes out of the conference this year, it’s clear that what happens in Jackson Hole doesn’t stay in Jackson Hole.

Persons: Jackson, Jerome Powell, He’ll, Michael Cahill, Goldman Sachs, Powell, —, Ben Bernanke, ”, Cahill, “, Bernanke’s Jackson, Bernanke, Janet Yellen, “ it’s, ” Cahill, Michael Woodford, John Williams, Williams, European Central Bank Mario Draghi Organizations: New, New York CNN, Federal, Kansas City Fed, Jackson, Fed, Traders, Goldman, CNN, Columbia University, ” New York Fed, San Francisco Fed, European Central Bank, ECB, Financial Times Locations: New York, , Wyoming, Woodstock, Jackson

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