By Reuters Staff
2 Min Read
South African Rand coins are seen in this illustration picture taken November 5, 2020. REUTERS/Mike Hutchings/Illustration
JOHANNESBURG (Reuters) - South Africa’s rand was steady early on Thursday, remaining near the 14 month high it touched in the previous session as risk appetite globally and positive local retail sales data boosted demand for the currency.
At 0645 GMT the rand was 0.03% weaker at 14.3950 per dollar, barely moved from its overnight close of 14.3900.
The U.S. dollar sank to a new four-week low versus major peers as Treasury yields retreated from last month’s surge, with investors increasingly convinced by the Federal Reserve’s arguments that interest rates will stay low for some time.
By Reuters Staff
1 Min Read
STOCKHOLM, April 15 (Reuters) - Sweden’s centre-left government said it would boost spending on by 45 billion crowns ($5.31 billion)in its spring budget to fight the ongoing pandemic and support a shift to a fossil free economy as the crisis eases.
“Altogether expenses related to the measures taken since the pandemic began total more than 400 billion crowns,” Finance Minister Magdalena Andersson said in a statement.
Many of the measures in the budget had already been announced by the government. (Reporting by Simon Johnson and Johan Ahlander)
3 Min Read
NEW YORK (Reuters) - BlackRock Inc’s first-quarter profit beat Wall Street estimates on Thursday, as a continued rally in global financial markets and broad-based strength in the asset manager’s businesses helped vault the firm’s assets under management to a record $9.01 trillion.
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo
“The broadness of our platform is really resonating with clients,” BlackRock’s chief executive, Larry Fink, said in an interview.
Clients, who a few years ago came to BlackRock mainly for its index and fixed income actives business, are now looking to the firm for a range of needs including investing in alternatives, active equities, risk management and technology, Fink said.
By Reuters Staff
1 Min Read
FILE PHOTO: A man reads a newspaper as he walks in Buenos Aires financial district, Argentina, April 18, 2016. REUTERS/Marcos Brindicci/File Photo
BUENOS AIRES (Reuters) - Argentina’s Buenos Aires province said on Monday it would extend the deadline for its $7 billion foreign debt restructuring until April 23, amid rising tensions with creditors after a year of negotiations that have failed to reach an agreement.
Reporting by Adam Jourdan