By Reuters Staff
1 Min Read
ABUJA, April 21 (Reuters) - Nigeria’s senate approved on Wednesday taking external loans worth $1.5 billion and 995 mln euros from multilateral and bilateral lenders. (Reporting by Camillus Eboh; editing by John Stonestreet)
China kept its benchmark lending rate for corporate and household loans steady for the 12th straight month at its April fixing on Tuesday, matching market expectations.
By Reuters Staff
(Updates following bond issue)
BOGOTA, April 19 (Reuters) - Colombia on Monday issued $3 billion in global bonds with 11-year and 20-year placements in an over-subscribed offering, the Ministry of Finance said.
The Andean country issued $2 billion in bonds due in 2032, which have a yield of 3.356%, and $1 billion in bonds due in 2042, which have a yield of 4.235%, the ministry said in a statement.
The bond issue saw demand for $10.2 billion, more than three times the amount offered, the ministry added.
“The positive results from this issue demonstrate national and international markets’ solid support for Colombia’s commitment to the stability of public finances, sustainability of social programs, and the strengthening of the fiscal rule,” public credit director Cesar Arias said in the statement.
By Reuters Staff
2 Min Read
OTTAWA, April 20 (Reuters) - Canadian home prices accelerated sharply in March, with Halifax and Hamilton leading a bonanza of month-on-month gains felt across all 11 major markets in the country, data showed on Tuesday.
The Teranet-National Bank Composite House Price Index, which tracks data collected from public land registries to measure changes for repeat sales of single-family homes, rose 1.5% from the previous month.
Prices rose 3.3% in Halifax, 2.8% in Hamilton and 1.9% in Toronto, with gains in the other major centers ranging from 0.9% to 1.5%.
On an annual basis, the index was up 10.8% in March, the eighth consecutive monthly acceleration and the strongest 12-month gain since September 2017. Halifax led year-on-year gains, up 22.5% from March 2020, followed by Hamilton at 20.9% and Ottawa-Gatineau at 19.0%.
2 Min Read
SYDNEY, April 20 (Reuters) - The Australian dollar hit its highest level in nearly five weeks on Tuesday after the central bank sounded upbeat on the country’s economic recovery, while higher commodity prices also underpinned the currency.
The Aussie gained 0.54% to $0.7796 - its highest since March 18 - after minutes from the Reserve Bank of Australia’s April meeting showed the RBA sees a faster rebound from the pandemic. Australia’s economic recovery has surpassed all expectations with an “above-trend” expansion likely this year and next, the minutes showed on Tuesday.
A weaker greenback overnight also helped lift the kiwi dollar by 0.48% to $0.7215, also near a five-week high, with the currency crossing the $0.72 barrier for the first time since March 18.