Asset Managers Join Hedge Funds in Boosting Yen-Short Positions
Asset managers joined hedge funds in increasing yen-bearish positions amid speculation the Bank of Japan isn’t likely to rush to adjust its ultra-easy monetary policy.
Asset managers joined hedge funds in increasing yen-bearish positions amid speculation the Bank of Japan isn’t likely to rush to adjust its ultra-easy monetary policy.
China is setting out how it will prevent bottlenecks as it prepares for another record year of renewable power installations.
Philippine Finance Secretary Benjamin Diokno said he is likely “out” of contention for next central bank chief, adding he’s “almost sure” to stay in his current role.
Australian chemical distribution firm Redox Pty Ltd. and a group of its shareholders are seeking to raise as much as A$424 million ($280 million) in an initial public offering, potentially setting up Australia’s largest listing this year.
Byju’s, India’s most valuable startup, plans to make a quarterly interest payment of about $40 million on a loan that has been at the center of the beleaguered firm’s financial troubles, according to people familiar with the matter.
Foreign tourists packing flights to Japan are helping the economy climb out of a recession with spending power that is also fueling upward pressure on hospitality-sector pay and prices.
Economists and money markets are divided over which way Australia’s central bank will move Tuesday as lingering price pressures and recovering home prices suggest a hike may be needed while weaker activity and rising unemployment argue for a pause.
Saudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest level for several years after a slide in crude prices.
Australians are almost evenly divided over a proposed Indigenous advisory body to lawmakers — known as the Voice to Parliament — that will be put to a referendum later this year, a new opinion poll showed.
A highly anticipated defense forum in Singapore kicked off with a friendly handshake between Pentagon chief Lloyd Austin and Chinese Defense Minister Li Shangfu. It ended Sunday with few other signs of optimism that the world’s biggest economies could avoid an eventual collision.