INDIA Rupee, bond yields to stay rangebound in data-heavy week

INDIA Rupee, bond yields to stay rangebound in data-heavy week

MUMBAI, Nov 28 (Reuters) – The Indian rupee and government bond yields are expected to continue to hold their narrow trading ranges this week, with investors bracing for a jump in volatility due to multiple economic data releases at home and in other major countries. The rupee ended unchanged at 81.6850 per US dollar last … Read more

BOJ to conduct annual survey on climate finance to nurture ESG market

Climate change has big impact on economy, inflation – Amamiya Aug survey showed strong demand for green bonds – BOJ Amamiya BOJ’s climate scheme has extended $26 billion in loans TOKYO, Nov 27 (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of … Read more

Venezuela’s frozen funds to be gradually released for humanitarian aid

MEXICO CITY, Nov 26 (Reuters) – Venezuela’s government and opposition have asked the United Nations to manage a fund for trillions of dollars now held in foreign banks, which will be gradually unfrozen to combat a humanitarian crisis in the oil-rich nation, delegates announced in Mexico City on Saturday. Sources told Reuters last month the … Read more

Exclusive: Poland seeking German support to sanction Russian Druzhba oil pipeline

WARSAW, Nov 25 (Reuters) – Poland is seeking German support to slap EU sanctions on the Polish-German section of the Druzhba crude pipeline so Warsaw can abandon a deal to buy Russian oil next year without paying penalties, two sources familiar with the talks said. The sources also said the pair were nearing an agreement … Read more

Analysis: Out of fashion: Gucci faces daunting task to replace top designer

PARIS, Nov 25 (Reuters) – The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favorite of Harry Styles and Lady Gaga, increases pressure on owner Kering ( PRTP.PA ) as it faces slowing revenue growth at the Italian fashion house. News of the creative director’s exit after seven years comes … Read more

Global risks to keep BOJ from adjusting yield cap next year – ex-c.bank executive

BOJ must eventually ditch YCC, move to zero-rate policy – Momma Wage, economic strength key to when BOJ ends current policy US recession risk likely to keep BOJ from acting next year TOKYO, Nov 24 (Reuters) – Growing risks of a global economic slowdown will likely prevent the Bank of Japan (BOJ) from phasing out … Read more

Asia shares gain despite Chinese COVID case numbers rising

SYDNEY, Nov 23 (Reuters) – Asian share markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.3%, after US stocks … Read more

Exclusive: China set to fine Ant Group over $1 trillion, signaling revamp nears end-sources

HONG KONG, Nov 22 (Reuters) – Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul. The People’s Bank of China (PBOC), which has been driving … Read more

Spain’s inflation to remain at around 7% until year end, minister says

MADRID, Nov 22 (Reuters) – Spanish Economy Minister Nadia Calvino said on Tuesday she expects the 12-month inflation rate to remain at around 7% until the end of this year and will likely start falling from 2023. The inflation slowdown would be “the best news not only because it improves the sustainability of the economy … Read more

ECB to begin great cash mop-up as banks repay billions in loans

Banks seen repaying about 500 billion euros in TLTRO loans Move seen as first step towards bond unwind ECB, analysts to monitor impact on bond, money markets FRANKFURT, Nov 18 (Reuters) – The European Central Bank is set to begin on Friday the biggest withdrawal of cash from the euro zone’s banking system in its … Read more