The Australian dollar eased on Tuesday as the central bank sought to calm nervous bond markets by recommitting a pledge to keep buying bonds, and reassuring that faster growth will not lead to an early tightening cycle.
Further spending eyed once budget enacted Analysts wary of impact on markets if govt spends too much
TOKYO, March 2 (Reuters) - Japan’s powerful lower house on Tuesday passed a record $1 trillion budget for the coming financial year, and lawmakers are already debating further stimulus to cope with the economic fallout from the coronavirus pandemic.
Like many other nations, Japan has spent heavily to counter the pandemic. The budget for the year beginning in April contains 5 trillion yen ($47 billion) in such emergency reserves and that comes on top of three pandemic-specific economic packages, worth a combined $3 trillion, equivalent to 60% of Japan’s GDP.
China's financial technology companies are expected to meet capital adequacy requirements within a maximum of two years, said Guo Shuqing, head of the China Banking and Insurance Regulatory Commission (CBIRC) on Tuesday.
Each VLCC raised about $30 mln Bunker barges sold at $2 mln to $3 mln Greek ship owners among buyers
SINGAPORE, March 1 (Reuters) - About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters.
Accounting firm Grant Thornton, court-appointed supervisor of Xihe Holdings, put up several vessels for sale through shipbrokers in September last year. Xihe Holdings is owned by the Lim family and held the bulk of their fleet.
The rest of the ships are majority-owned by Xihe Capital - currently under liquidation according to Singapore business registry records - and 10 single purpose companies.
British house price growth picked up unexpectedly last month, mortgage lender Nationwide said on Tuesday, defying expectations of a slowdown as finance minister Rishi Sunak readies new budget measures to boost the market.