(Reuters) -The Bank of Japan has set aside the maximum provision for losses on bond transactions, a spokesperson for the central bank said on Monday. The level of the provision for possible losses on bond transactions was 100% for fiscal 2024, the spokesperson said in an emailed response to Reuters. The moves come as the …
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(Reuters) -ASX-listed James Hardie said on Monday it had secured new senior credit facilities for a total of $3.5 billion with broad support, including 30 participating banks to support its operations and acquisition of U.S.-listed AZEK. The multi-billion dollar loan facility can be broken down into a $1 billion revolving credit facility and a $2.5 …
ASX-listed James Hardie secures $3.5 billion credit to fund AZEK deal Read More »
SYDNEY (Reuters) -Australia’s house prices rose for a fourth straight month to hit a record high in May as another interest rate cut fuelled expectations of more to come, with every state capital posting a rise in prices. Figures from Cotality, formerly CoreLogic, showed national prices rose 0.5% in May from April to hit a …
Rate cut and hopes of more lift Australia home prices to record high in May Read More »
BANGKOK (Reuters) – Rungthiwa Pimphanit waited months for a long-promised cash handout of 10,000 baht ($307) from Thailand’s ruling party, which she backed in 2023 elections, but now the scheme to stimulate a stalling economy has been put on ice. “I’m very disappointed and angry,” said the 34-year-old government employee from the northeastern province of Nong …
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SAO PAULO (Reuters) -Moody’s Ratings on Friday changed its outlook on Brazil to stable from positive while affirming its Ba1 ratings, citing “slower-than-expected progress in addressing spending rigidity and building credibility around fiscal policy.” In its report, Moody’s, which had upgraded Brazil in October to the Ba1 sovereign rating – one step from investment grade …
(Reuters) -Credit ratings agency Moody’s upgraded Nigeria’s rating by a notch to “B3” from “Caa1” on Friday, citing significant improvements in the country’s external and fiscal positions. Earlier this month, the World Bank said that Nigeria’s economy achieved its fastest growth in about a decade in 2024, driven by a strong fourth quarter and an …
Moody’s upgrades Nigeria’s rating to ‘B3’ on better external and fiscal positions Read More »
By Oliver Griffin SAO PAULO (Reuters) – Brazil’s 2025 Robusta coffee crop collection, including the Conilon variety, is advancing strongly and could beat initial estimates, industry experts told Reuters this week, as the harvest weighs on prices. “Field reports indicate strong yields, and expectations are that the crop may even exceed initial forecasts,” said Jonas …
Brazil 2025 Robusta harvest in full swing and could beat estimates, experts say Read More »
By Custodio Cossa MAPUTO (Reuters) -Mozambique’s central bank cut its main interest rate on Friday for the ninth policy meeting in a row, and by a hefty 75 basis points, saying it expected inflation to remain in single digits over the medium term despite lingering domestic risks. The Bank of Mozambique slashed its main lending …
Mozambique cuts interest rate by 75 bps, sees steady inflation Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s economic growth surged in the first quarter despite climbing interest rates as fixed investments, household demand and strong farm output underpinned activity, spurring full-year growth forecasts and speculation about another rate hike. Gross domestic product in Latin America’s largest economy rose 1.4% in the January-to-March period from the previous …
Brazil economy’s early 2025 surge boosts full-year forecasts Read More »
BRASILIA (Reuters) -Brazil’s National Monetary Council (CMN) tightened prudential rules on risk management, liquidity and capital for financial institutions, introducing individual requirements to complement existing rules for conglomerates. According to a central bank statement on Friday, the changes approved by the country’s top economic policy body strengthen the stability of the financial system and align …
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