Yields on two-year Greek bonds are up 9 basis points
Yields on two-year Greek bonds are up 9 basis points and are at their highest level since the middle of last year, as a rare split on IMF board puts the country’s bailout at risk. […]
Financial & Economic News
China’s foreign exchange reserves have dropped below the $3T level
China’s foreign exchange reserves have dropped below the $3T level for the first time since 2011, marking the seventh straight monthly decline as capital continues to flow out of the world’s second-largest economy. Data from […]
Reserve Bank of Australia kept interest rates steady at record low 1.5%
The Reserve Bank of Australia kept interest rates steady at record low 1.5% today and appeared to signal they would remain on hold for a while. “There is no longer an expectation of further monetary […]
The Reserve Bank of India surprised markets by keeping its borrowing costs on hold
The Reserve Bank of India surprised markets today by keeping its borrowing costs on hold for a second meeting in a row. The RBI also changed its stance to “neutral” from “accommodative,” saying it would […]
Japan’s machine orders surge
Private-sector machine orders in Japan posted a 6.7% gain in December, reversing a 5.1% drop in November. The increase outstripped the median forecasts of economists, who expected a 3.1% rise. Source: Market News International (08 […]
Britain’s House of Commons has given final approval start exit talks with the EU
Britain’s House of Commons has given final approval to a bill authorizing the government to start exit talks with the EU, without attaching extra conditions, such as protecting EU citizens in the U.K. The bill […]
Future of Basel reform uncertain under Trump
Bank for International Settlements General Manager Jaime Caruana expects the Trump administration’s approach to affect coordination of Basel IV capital rules for banks. “This will probably take some time, but we need to wait for […]
BoJ struggles to manage yield curve
A summary of the latest meeting of the Bank of Japan shows board members are having difficulty managing the yield curve for government bonds because of global economic uncertainty. The bank’s Market Operations Desk needs […]
China’s foreign reserves fall below $3T threshold
For the first time in several years, China’s foreign exchange reserves have dropped below $3 trillion, an event that some economist see as worrying. Much of the decline was caused by China’s efforts to defend […]
Bondholders anxious about Greek default
With a July deadline for Greece to make an €8 billion payment on its bonds, the market price of the country’s debt is falling. Investors are growing worried that the EU, the International Monetary Fund […]