By Reuters Staff
1 Min Read
BANGKOK, June 9 (Reuters) - Thailand’s parliament on Wednesday started debating a bill to allow the government to borrow an additional 500 billion baht ($16 billion) to help the tourism-reliant country deal with its latest and biggest coronavirus outbreak so far.
Southeast Asia’s second-largest economy is expected to grow only 1.5%-2.5% this year after last year’s 6.1% slump, with tourism still struggling, the government predicts.
Given the outbreak has not yet been contained, there is an urgent and unavoidable need for more funding to help quickly restore the economy to normal, Finance minister Arkhom Termpittayapaisith told the House of Representatives, which plans to debate the bill until Thursday.
The European Parliament looked set to back a resolution on Wednesday to sue the European Commission over what lawmakers say is its failure to uphold the rule of law, in a dispute that could affect the allocation of billions of euros in EU aid.
6 Min Read
LONDON (Reuters) - As grandees of the investment world fall over themselves to warn of long-absent inflation up ahead, financial markets appear ever calmer about the risks of that new regime unfolding.
Gas prices are seen after U.S. consumer prices surged in April, with a measure of underlying inflation blowing past the Federal Reserve s 2% target, in Beverly Hills, California, U.S., June 2, 2021. REUTERS/Lucy Nicholson
Is the post-pandemic inflation scare over already?
Thursday will likely see the United States record the highest consumer price inflation rate in 13 years - just shy of 5% - and the fastest rate since 1993 if food and energy prices are cut out.
By Reuters Staff
1 Min Read
TOKYO, June 9 (Reuters) - Japanese government bond yields fell on Wednesday, led by the longest-dated securities, as bonds continued to be bought following Tuesday’s smooth 30-year debt auction and declines in U.S. Treasury yields overnight.
The 30-year JGB yield fell 1.5 basis points to 0.665%, with the 20-year yield also declining 1.5 basis points to 0.430%.
“Yesterday’s 30-year auction was on the strong side compared to what the market had been expecting, and that came as a relief to investors so they continue to buy back bonds today,” said Takenobu Nakashima, chief rates strategist at Nomura Securities.