Page 178 - Bon News Today

(Bloomberg) -- Argentina will hold off on a $2.4 billion debt payment with the Paris Club that’s due Monday and will instead use a 60-day grace period to try to reach an agreement with the group and avert another default.

(Bloomberg) -- The European Union would benefit from common debt issuance to protect from asymmetric shocks and complement monetary policy, said European Central Bank Governing Council member Ignazio Visco.

(Bloomberg) -- Pakistan’s finance ministry is considering a stimulus package to support the economy, according to people familiar with the matter.

(Bloomberg Opinion) -- Sometimes being first is an undesirable superlative. Predictions that New Zealand will be among the primary batch of central banks to raise interest rates roiled markets this week — a signal that, even for historically hawkish places, taper talk is a delicate affair.

(Bloomberg) -- A measure allowing Argentina’s commercial banks to move part of their reserve requirements from central bank notes to treasury bonds is raising concerns about inflation and the financial system’s health.

(Bloomberg) -- Hungary’s government is seeking to acquire a majority stake in the operator of Budapest Airport, despite a message by the hub’s owners that they aren’t looking to sell their stakes.

(Bloomberg) -- China signaled the yuan’s recent appreciation, which has taken it to a three-year high against the dollar, is too rapid with a weaker-than-expected reference rate. The People’s Bank of China set the fixing at 6.3858 per dollar, compared with the average estimate of 6.

May 27 2021, 10:46 AM May 26 2021, 9:30 AM May 27 2021, 10:46 AM (Bloomberg) -- Sweden’s banks are gearing up for a fresh fight with their government to try to block a proposal that singles out the financial industry for an extra tax. (Bloomberg) -- Sweden’s banks are gearing up for a fresh fight with their government to try to block a proposal that singles out the financial industry for an extra tax. The Social Democrat-Green coalition government has long made clear it intends to imp...

May 28 2021, 1:52 PM May 28 2021, 2:30 AM May 28 2021, 1:52 PM (Bloomberg) -- As Covid-19 continues to ravage India, financial professionals across the country are grappling with an increasingly surreal disconnect between the epidemic’s devastation and a record-breaking boom in local markets. (Bloomberg) -- As Covid-19 continues to ravage India, financial professionals across the country are grappling with an increasingly surreal disconnect between the epidemic’s devastation and a rec...

(Bloomberg) -- A unit of China Huarong Asset Management Co. has transferred funds to repay a 500 million yuan ($78 million) local bond maturing Sunday, according to people familiar with the matter. The local asset management company wired funds for the principal and interest of the 4.