By Reuters Staff
2 Min Read
WARSAW, April 27 (Reuters) - Polish central banker Grazyna Ancyparowicz will not vote in favour of a rate hike before her term ends in February 2022, she was quoted as saying by state-run news agency PAP on Tuesday.
Poland’s main interest rate has been at a record low of 0.1% since May 2020, but with many economists predicting inflation will exceed the upper limit of the central bank’s target range in the coming months, when to raise rates is back in focus.
“I do not see any possibility of me voting in favour of interest rate hikes before the end of my term in the Council in February 2022,” Ancyparowicz told PAP in an interview.
By Reuters Staff
(Adds source information on potential timing, analyst comment)
HONG KONG, April 26 (Reuters) - China Huarong Asset Management said it will miss an April 30 deadline to file its 2020 earnings results as auditors need more time - a second postponement that is likely to prolong uncertainty for its jittery investors.
Huarong, one of China’s four biggest distressed asset management firms, had first planned to release results on March 31 but delayed that announcement, citing the need to finalise a “relevant transaction”. That led to a suspension in trade of its shares and a selloff in its bonds.
It could release earnings as soon as next month and the filing would definitely happen before the end of August when interim results are due, said a source familiar with the matter.
5 Min Read
(Reuters) - New U.S. bank credit benchmarks are expected to gain traction in the coming months as the deadline to phase out exposure to the discredited Libor approaches, even as regulators continue to push an alternative called the Secured Overnight Financing Rate (SOFR).
FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo
Investors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate. Some Libor rates will stop being published at the after Dec. 31, while others are scheduled to end in mid-2023.
By Reuters Staff
2 Min Read
HONG KONG, April 26 (Reuters) - China Huarong Asset Management said it will miss an April 30 deadline to file its 2020 earnings results as auditors need more time - a second postponement that is likely to increase concern among the company’s already jittery bond investors.
Huarong had first planned to release results on March 31 but delayed that announcement citing the need to finalise a “relevant transaction”. That led to a suspension in trade of its shares and a selloff in its bonds.
The company, one of China’s four biggest distressed asset management firms, said in its Sunday statement that it was operating stably and business operations were normal.
Korean won strengthens against U.S. dollar South Korea benchmark bond yield rises For the midday report, please click
SEOUL, April 26 (Reuters) - Round-up of South Korean financial markets: South Korean shares closed higher on Monday as optimism about a global economic recovery lifted sentiment, with investors now eyeing corporate results and the outcome of the U.S. Federal Reserve’s meeting. Both the Korean won and the benchmark bond yield rose. The benchmark KOSPI ended 31.43 points, or 0.99%, higher at 3,217.53, extending gains to a third straight session. Early April manufacturing activity indicators out last week pointed to a robust start to the second-quarter with data hitting record highs in the United States and signalling an end to Europe’s double-dip recession.