Page 132 - Bon News Today

(Bloomberg) -- Turkey has abandoned interest-rate hikes as a tool to control inflation, President Recep Tayyip Erdogan said Friday, arguing measures he introduced this week had taken just a day to stabilize the lira.

(Bloomberg) -- New Prime Minister Fumio Kishida’s rhetoric of distributing wealth more equally appears to signal a change of priorities for post-pandemic Japan that may run counter to plans to improve the country’s presence as an international financial hub.

(Bloomberg) -- New Prime Minister Fumio Kishida’s rhetoric of distributing wealth more equally appears to signal a change of priorities for post-pandemic Japan that may run counter to plans to improve the country’s presence as an international financial hub.

(Bloomberg) -- France and Italy have called for more favorable treatment of investments that foster long-term growth, marking the opening move in what could be a battle to overhaul the European Union’s fiscal rules.

(Bloomberg) -- Mitsubishi UFJ Financial Group Inc. is preparing to launch a fund that provides debt financing to Asian startups in an effort to win investment-banking business through subsequent initial public offerings.

Spain’s economy grew more than initially thought in the third quarter -- suggesting the recovery gathered pace in the second half of the year, albeit before the emergence of the coronavirus’s omicron variant. Gross domestic product grew 3.4% from a year ago, more than the 2.

(Bloomberg) -- Fast rising interest rates, the key factor behind this year’s 72% rally in Polish bank stocks, could gradually turn into a strain on valuations in 2022. The industry has benefited from monetary tightening that boosted bank revenue from mostly variable rates on credit.

The Hungarian central bank raised effective interest rates for the sixth time in as many weeks to stem accelerating inflation.

(Bloomberg Businessweek) -- Europe’s policymaking class is readying itself for a clash that may reverberate for years to come.

(Bloomberg) -- The Reserve Bank of Australia’s first meeting of 2022 shapes as a cliffhanger with economists split over the fate of the central bank’s bond-buying program, while the omicron variant only adds to the uncertainty.