BOJ to Buy Additional Bonds to Curb Rise in Sovereign Yields
The Bank of Japan announced an extra bond-buying plan for this week as a global debt selloff forces policymakers into the market to curb sharp increases in yields.
Bloomberg Business
Goldman Sees Earnings-Led Rally in Big Tech Stocks After Rout
US technology stocks may be about to turn a corner after the Nasdaq 100’s biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc.
UK’s Hunt Sees No Room for Tax Cuts, Warns of Inflation Risk
Jeremy Hunt said he has no leeway to cut UK taxes at present, putting the Chancellor of the Exchequer on a collision course with Conservative colleagues who want to see tax cuts to boost their party’s electoral prospects.
Thai PM Quells Concerns of Government-Central Bank Rift
Thai Prime Minister Srettha Thavisin sought to assuage fears about growing differences between fiscal and monetary policymakers, saying he and central bank Governor Sethaput Suthiwartnarueput met Monday to discuss matters related to the economy.
Mozambique Bonds Rally After Settlement on Tuna Debt Scandal
Mozambique’s bonds rallied after UBS Group AG announced it had reached a settlement with the southeast African nation over Credit Suisse’s role in a ship-financing scandal.
Japan’s Kishida to Seek Asset Management, Pension Fund Reform
Japanese Prime Minister Fumio Kishida will prod asset managers to improve their skills and strengthen governance, as he tries to nudge households to shift their savings to investments.
Scandal-Hit J-Pop Firm Spins Off Talent Management Business
J-pop pioneer Johnny & Associates Inc. will change its name and split off its talent management operations to contain the fallout from years of sexual abuse by late founder Johnny Kitagawa.
EDF, Rolls-Royce and GE-Hitachi in Final Six For UK Nuclear Push
The UK selected six companies, including Electricite de France SA, GE-Hitachi Nuclear Energy International LLC and Rolls-Royce Holdings Plc, to advance to the next round in a government competition to develop smaller nuclear reactors that are expected to be quicker to build.
Hungarian Economic Woes Prompt Call for Euro by Business Leader
The head of one of Hungary’s biggest manufacturers called for euro adoption after policies under Prime Minister Viktor Orban produced one of the worst economic crises in the European Union in the past year.
Italy’s Factories Seen ‘Trapped’ in Recession With No Way Out
(Bloomberg) — Italy’s manufacturers just suffered a sixth successive monthly decline in activity that signals a deep industrial recession, according to a survey by S&P Global.
