FRANKFURT (Reuters) – The European Central Bank will be in position to discuss an interest rate cut in June, Vice President Luis de Guindos said on Tuesday, joining a long list of policymakers putting the June 6 meeting on the table for a potential start of policy easing. ECB President Christine Lagarde earlier this month …
ECB ready in June to discuss rate cuts, de Guindos says Read More »
By Makiko Yamazaki TOKYO (Reuters) – Mizuho Financial Group said on Tuesday it plans to raise interest rates on ordinary yen deposits for the first time in 17 years after the Bank of Japan ended eight years of its unorthodox negative interest rate policy. Bigger domestic rival Sumitomo Mitsui Financial Group also said it is …
Top Japan banks weigh first rate hikes on ordinary deposits in 17 years after BOJ Read More »
By Scott Murdoch SYDNEY (Reuters) – Australia’s Macquarie Group and Canada’s Public Sector Pension Investment Board are starting a sales process for their AirTrunk data centre business, according to a source with direct knowledge of the matter. The pair sent non-disclosure agreements on Tuesday to potential buyers to sign ahead of a formal transaction process, …
Macquarie and Canada’s PSP start AirTrunk data centre sales process, source says Read More »
BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad presented measures from a credit package that will include microcredit for low-income individuals as part of the next steps in the ministry’s “structural actions and stimulus measures” for the year. The microcredit will be aimed at those enrolled in CadUnico, a federal government registry that enables access …
Brazil’s government eyes initiatives to boost credit for low-income individuals Read More »
By Promit Mukherjee OTTAWA (Reuters) – Canada’s federal budget, due next month, is likely to allocate billions of dollars for investing in building homes and low cost housing programs, Housing Minister Sean Fraser said on Monday. Canada faces a housing affordability crisis as a rapidly increasing immigrant population has far outpaced the number of available …
Canada’s federal budget set to allocate billions to tackle housing crisis, says minister Read More »
NEW YORK (Reuters) -A U.S. appeals court on Monday revived an antitrust lawsuit by Regeneron Pharmaceuticals against Novartis related to prescription treatments to address a condition that can lead to eye disorders including permanent blindness. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge erred in dismissing the case, in …
US appeals court revives Regeneron’s antitrust lawsuit against Novartis Read More »
WASHINGTON (Reuters) -Two investment advisers have agreed to pay penalties to settle U.S. Securities and Exchange Commission charges that they made false and misleading statements about their use of artificial intelligence (AI), the regulator said on Monday. Toronto-based Delphia Inc and San Francisco-based Global Predictions Inc, which did not admit or deny the SEC’s charges, …
US SEC fines two investment advisers over AI claims Read More »
By Davide Barbuscia NEW YORK (Reuters) – Trade groups representing the private fund management industry sued the U.S. Securities and Exchange Commission (SEC) on Monday over a rule requiring firms that routinely deal in government bonds and other securities to register as broker-dealers. The SEC adopted the rule last month to enforce stricter oversight and …
Hedge fund industry groups sue US SEC over Treasury market dealer rule Read More »
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s fragile housing market opened this year with slower declines in property investment and sales, buoyed by government efforts to arrest a protracted downturn in the sector, however, analysts were wary of calling an end to the downturn just yet. Property investment in China fell 9.0% year-on-year …
China’s property investment declines slow but sector still shaky Read More »
(Reuters) -The week ahead is rammed with rate setting meetings by heavyweight central banks from the U.S. Fed to the Bank of England, from Switzerland and Norway to Mexico. But one question is dominating markets – will the Bank of Japan finally gear up to exit negative rates? Here is your week-ahead look at global …
