Central banking
India’s central bank keeps rates steady as growth risks re-emerge
Reserve Bank Of India sign can be seen in Kolkata, India, 08 February, 2022. Indranil Aditya | Nurphoto | Getty Images The Reserve Bank of India’s monetary policy committee kept the bank’s key lending rate at a record low on Friday, as expected, as it sought to support economic growth even as inflation edged higher […]
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Global government debt set to soar to record $71 trillion this year, new research says
People wearing protective face masks wait at a bus stop with a display of the current national debt amid the coronavirus disease (COVID-19) pandemic in Washington, January 31, 2022. Sarah Silbiger | Reuters LONDON — Global sovereign debt is expected to climb by 9.5% to a record $71.6 trillion in 2022, according to a new […]
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Japan’s central bank will be ‘alarmed’ if yen crosses 130 per dollar, says ex-vice minister
The Bank of Japan will be “alarmed” if the yen weakens beyond 130 per dollar, according to Japan’s former vice minister of finance for international affairs, Eisuke Sakakibara. The yen was trading at 123.77 per U.S. dollar on Wednesday morning Asia. The Japanese currency fell more than 5% against the greenback in March, despite the […]
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Russia debt default prospect resurfaces as U.S. blocks bond payment
Russian President Vladimir Putin attends a meeting with members of the Security Council at a residence outside Moscow, Russia April 1, 2022. Mikhail Klimentyev | Sputnik | Reuters The prospect of a Russian debt default has once again been brought to the fore with the U.S. Treasury blocking dollar-denominated debt payments from Moscow via U.S. […]
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Here are 3 hottest markets in Southeast Asia for 2022, according to Wall Street
Indonesia’s stocks are among the top picks of JPMorgan Asset Management and Goldman Sachs for 2022. In this photo from April 2019, the statue of a bull is standing at the lobby of the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia. Dimas Ardian | Bloomberg via Getty Images Geopolitical tensions around the world have been […]
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Treasury yields fall, with inflation data in focus
U.S. Treasury yields fell early on Thursday, with investors focused on the inflation data due out later in the morning. The yield on the benchmark 10-year Treasury note fell 3 basis points to 2.3270% at 4:30 a.m. ET. The yield on the 30-year Treasury bond moved under a basis point lower to 2.4789%. The rate […]
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Poland’s economy is standing strong for now, but the Ukraine war casts a ‘dark cloud’
On a display at a gas station, a liter of diesel costs 7.19 zloty. Refueling is also more expensive than ever in Poland, but still a lot cheaper than in neighboring Germany. Patrick Pleul | Picture Alliance | Getty Images Poland’s economy has had a strong start to the year, but as the war in […]
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Wild moves in Russian stocks as market reopens after monthlong shutdown
A man walks past Moscow’s stock market building in downtown Moscow on February 28, 2022. Natalia Kolesnikova | Afp | Getty Images Russia’s stocks moved sharply on Thursday, after the market partially reopened for limited trading after its longest shutdown since the fall of the Soviet Union. The Moscow Exchange resumed trading in 33 Russian […]
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UK announces urgent fuel tax cut to fight cost of living crisis
Chancellor of the Exchequer Rishi Sunak leaves 11 Downing Street to announce the Treasury’s one-year spending review in the House of Commons in London, England, on November 25, 2020. David Cliff/NurPhoto via Getty Images LONDON — U.K. Finance Minister Rishi Sunak on Wednesday announced an immediate cut to fuel taxes in a bid to mitigate […]
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Watch UK Finance Minister Rishi Sunak’s budget announcement
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] U.K. Finance Minister Rishi Sunak is announcing a new government budget in his Spring Statement. A planned 10% increase to National Insurance (a tax on earnings) kicks in for many workers […]
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