(Reuters) – A look at the day ahead in European and global markets from Wayne Cole It’s been a mostly quiet start to a busy week in Asia, though China came bearing positive surprises as industrial output and retail sales beat forecasts. A 7% y/y jump in output for January and February, combined to smooth …
Morning Bid: Some China cheer as central banks enter the starting gates Read More »
By Vidya Ranganathan SINGAPORE (Reuters) – Even as the Bank of Japan prepares for a pivotal change in monetary policy, analysts say much more will need to be done to materially shift the roughly $3 trillion of yen Japanese investors have parked in global bond markets and yen trades. Japanese investors have invested trillions of …
Analysis-The BOJ won’t sway Japan’s trillions of investment abroad Read More »
TAIPEI (Reuters) – Taiwan’s central bank is expected to hold its policy interest rate steady this week and to stay the course until early next year as it navigates ongoing concerns over inflation, according to economists in a Reuters poll. The central bank is likely to keep the benchmark discount rate at 1.875% at its …
Taiwan set to hold rates steady amid inflation concerns: Reuters poll Read More »
By Takahiko Wada and Leika Kihara TOKYO (Reuters) – As Japan nears an end to eight years of negative interest rates, a regional lender in Kyoto is offering e-learning to train up staff who have no experience lending money or collecting deposits in a positive interest rate environment. One of the sessions, targeting roughly 3,300 …
Japanese bank trains staff for a novel scenario: positive interest rates Read More »
(Reuters) – Payments processor Shift4 Payments’ Chief Executive Officer Jared Isaacman said bids from potential contenders have failed to “sufficiently value” the company, Bloomberg News reported on Sunday. The board determined that none of the “multiple offers” received by Shift4 adequately valued the business or the company’s future, even though the offers were above its …
By Fergal Smith (Reuters) -Canada’s main stock index edged higher on Friday to notch its fifth straight weekly gain, led by gains for the materials group as copper prices climbed to a near one-year high. The Toronto Stock Exchange’s S&P/TSX composite index ended up 19.3 points, or 0.1%, at 21,849.15, trading near its highest closing …
TSX extends weekly winning streak as commodities break higher Read More »
By Shankar Ramakrishnan (Reuters) – The U.S. market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates. Holders of these bonds, called junior subordinated debt, are …
Analysis-Peak rates boost U.S. demand for riskier form of corporate debt Read More »
(Reuters) -Freddie Mac said on Friday it has appointed Michael Hutchins as interim CEO, while the federal government-backed home mortgage company continues to search for a permanent chief. Hutchins will serve in this role until the earlier of the appointment of a permanent CEO or Sept. 30, the company said in a regulatory filing. He …
Freddie Mac appoints Michael Hutchins as interim CEO Read More »
By Lucia Mutikani WASHINGTON (Reuters) -Production at U.S. factories increased more than expected in February amid a rise in temperatures, but data for the prior month was revised sharply down as manufacturing remains hamstrung by high interest rates. Manufacturing, which accounts for 10.3% of the economy, has been squeezed by 525 basis points worth of …
US factory production rebounds from weather-induced slump Read More »
(This March 14 story has been refiled to fix a spelling error in the CEO’s last name throughout the story) By Anirban Sen NEW YORK (Reuters) – Cleveland-Cliffs CEO Lourenco Goncalves said on Thursday he would consider another bid for United States Steel likely worth no more than $30 per share if the latter’s $14.1 …
Cleveland-Cliffs CEO mulls much lower bid for US Steel if Nippon deal falls apart Read More »
