Page 109 - Bon News Today

(Bloomberg) -- Ghana’s inflation rate climbed to the highest level in almost six years in January, placing renewed pressure on the central bank to increase interest rates.  Annual inflation accelerated to 13.9% from 12.

(Bloomberg) -- Fitch Ratings Ltd. slashed its economic growth forecast for Hong Kong after the city imposed tough social distancing rules to curb the spread of Covid-19. The ratings company halved its estimate for gross domestic product growth for this year to 1.5% from 3.

(Bloomberg) -- Investment arms of Chinese local governments became major purchasers of land for property development last month, highlighting the financial strain on the real-estate sector and renewing concerns about repayment risks among these off-balance sheet state borrowers.

(Bloomberg Opinion) -- The European Central Bank has sparked a bond-market tantrum by suggesting inflation may be running so hot that it needs to raise borrowing costs this year.

(Bloomberg) -- Abu Dhabi’s state oil producer is considering a sale of green bonds for the first time, according to people with knowledge of the matter, as companies and governments in the Persian Gulf increasingly look to tap investors in sustainable assets. Abu Dhabi National Oil Co.

(Bloomberg Opinion) -- Reserve Bank of Australia Governor Philip Lowe is a history buff. He reckons he has a chance to drive the jobless rate to the low levels of the 1970s without the inflation spiral that gave the decade a bad name.

(Bloomberg) -- Greece should push on with reforms, even after a period of increased creditor scrutiny ends, to help lift its sovereign-debt rating out of junk status, according to the European Central Bank’s mission chief.

(Bloomberg) -- China’s recent crackdowns on overseas listings have thrown a wrench in the works of startups looking to go public, driving them to pursue investors in Asia’s rapidly growing private capital markets.  JPMorgan Chase & Co.

(Bloomberg) -- Turkey is preparing to return to global bond markets for the first time since the lira’s implosion, according to people familiar with the matter.

(Bloomberg) -- Sri Lanka’s central bank said its foreign exchange reserves fell 25% last month after the island nation repaid a $500 million bond on Jan. 18 that helped ease worries of an immediate debt default. Foreign-exchange reserves fell to $2.