Malaysia's long-haul budget airline AirAsia X Bhd (AAX) has obtained court approval to convene creditor meetings, The Edge Financial Daily reported on Friday.
3 Min Read
SYDNEY, Feb 19 (Reuters) - The Australian and New Zealand dollars were aiming for a steady end to a choppy week on Friday with sharply higher bond yields and rising commodity prices keeping both underpinned.
The Aussie idled at $0.7768 and was barely changed on the week having been corralled between support at $0.7725 and resistance around $0.7805.
The kiwi dollar edged ahead to $0.7213, but again was flat for the week. Again, a break of $0.7159 support or $0.7269 resistance is needed to trigger a major move.
The Aussie was supported by rising commodity prices as China returned from holiday, with copper the highest in eight years and tin at a nine-year peak.
RBNZ seen holding rates at 0.25% Westpac says no hikes seen until early 2024 Markets to focus on forward guidance
WELLINGTON, Feb 19 (Reuters) - New Zealand’s central bank is expected to leave interest rates unchanged at its first monetary policy decision of 2021 next week, as the economy rebounds faster from the coronavirus pandemic, but any tightening is still a long way off.
In a Reuters poll, all 12 economists concluded that the Reserve Bank of New Zealand (RBNZ) will stand pat on Wednesday, and will continue to keep the official cash rate (OCR) at the historic low of 0.25% for the rest of the year.
4 Min Read
MILAN/AMSTERDAM(Reuters) - Italy’s new Prime Minister Mario Draghi may boost the appeal of his government’s bonds for foreign investors, and could even push their risk premium over German debt to the lowest level since the euro zone debt crisis.
FILE PHOTO: New Italian premier Mario Draghi presides over his first cabinet of ministers reunion after the swearing-in ceremony, at Chigi Palace Premier s office, in Rome, Italy February 13, 2021. Andrew Medichini/Pool via REUTERS/File Photo
Known as ‘Super Mario’ in his time as head of the European Central Bank, Draghi is widely expected to re-write Italy’s plans for how to spend more than 200 billion euros ($240 billion) of EU funds and overhaul the public administration to guarantee it is well spent.