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March 12, 2021
* BOJ will seek to dispel view it is out of ammunition * BOJ may debate wider yield band, focus on keeping rates stable * BOJ will reveal findings on effects of its ETF buying * BOJ will conduct review of policy tools on March 18-19 TOKYO, March 11 (Reuters) - The Bank of Japan may tweak a three-tier deposit system at next week’s policy review to exempt a larger portion of reserves from negative interest rates, said sources familiar with its thinking. BOJ Deputy Governor Masayoshi Amamiya has...
March 12, 2021
* JD.com in talks with Yongjin over Sinolink stake - sources * Yongjin holds a 27% stake worth up to 10 bln yuan - sources * Deal would be JD.com’s biggest financial sector play -sources HONG KONG, March 12 (Reuters) - JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims to bolster its financial services operations. A deal to buy the stake from Sinolink’s largest shareholder, Yongji...
March 11, 2021
South Korea will extend vaccination for people aged 65 years and older with AstraZeneca's coronavirus vaccine to ramp up its immunisation drive, Prime Minister Chung Sye-kyun told a government meeting on Thursday.
March 10, 2021
(Corrects para 7 to show 10-year bond futures are implying a yield of 1.718%, not 0.718) SYDNEY, March 10 (Reuters) - Australia’s central bank chief on Wednesday rebuffed market talk of rate hikes, saying it will take at least until 2024 to reach full employment even as the economy was now within “striking distance” of its pre-pandemic output. Australia’s A$2 trillion ($1.5 trillion) economy expanded by a larger-than-expected 3.1% in the December quarter, clocking its fastest ever back-...
March 6, 2021
(Add details and context) WASHINGTON, March 5 (Reuters) - The U.S. government is evaluating a Virginia military base as a possible site to house unaccompanied migrant children amid a sharp rise in migrants arriving at the U.S.-Mexico border, according to a U.S. Department of Health and Human Services (HHS) notice seen by Reuters. A Pentagon spokesman confirmed that Fort Lee, a U.S. Army facility in Virginia, was under consideration. The number of migrant children arriving at the southwest borde...
March 5, 2021
(In 2nd and 7th paragraphs, corrects repo rate to -3% to -4%) NEW YORK, March 4 (Reuters) - The cost of borrowing U.S. Treasuries in the overnight repurchase agreement, or repo market, went negative on Thursday, analysts said, caused by the recent bond market sell-off and suggesting stress in money markets. That repo rate, which is typically positive, was -3% to -4%, two analysts said. Negative repo rates typically occur when a particular collateral security becomes in demand - in this case ana...
March 3, 2021
Kenya's Equity Group Holdings said on Wednesday it had launched a lending facility worth 75 billion Kenyan shillings ($685 million) to help small and medium-sized enterprises (SMEs) recover from the economic impact of the COVID-19 pandemic.
March 3, 2021
The S&P 500 and the Nasdaq were set to open lower on Wednesday as disappointing private employment data for February dampened enthusiasm over a quick economic rebound fueled by a swift rollout of COVID-19 vaccines.
March 2, 2021
Malaysia's largest electricity utility, Tenaga Nasional Bhd (TNB), and Singapore-based solar firm Sunseap Group announced on Tuesday they are forming a joint venture to participate in a tender to trial clean electricity imports into Singapore from Malaysia.
February 24, 2021
* CDP consortium to bid for Atlantia’s unit by Feb. 24 * Atlantia’s unit valued 9 bln euros in CDP offer, sources say * CDP says consortium could buy up to 100% of Autostrade MILAN, Feb 23 (Reuters) - Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in Autostrade per l’Italia unit, CDP said, after two sources told Reuters the bid would value 100% of Autostrade at 9 billion euros. Italian state lender CDP, which will file its bin...