Japanese government bond (JGB) yields rose, with the 20-year yield hitting a two-year high, after the Bank of Japan indicated it will trim the purchase of short-term and medium-term bonds in its operations this month.
The Australian and New Zealand dollars were little changed on Monday ahead of a central bank meeting as cautious currency traders watched on while a wave of runaway retail investors unsettled equity markets.
Shares in Sabadell rise 0.4% on cleaning effort Appoints new CFO to present new strategy along incoming CEO TSB books a loss of 220 mln in 2020, 65 mln euros in Q4 (Recasts story to focus on clean-up of balance sheet)
MADRID, Feb 1 (Reuters) - Spain’s Sabadell opted to clean up its books in the fourth quarter and booked higher impairments due to the sale of non-performing assets and COVID-19 provisions, triggering wider-than-expected losses ahead of its new strategic plan in May.
Banks across Europe, which were already struggling to cope with record low interest rates, have been forced into further cost cuts by the economic impact of the pandemic.
Ethiopia is updating its debt sustainability assessment with International Monetary Fund help and will then talk to official creditors, its finance ministry said in an apparent attempt to allay market concerns over a possible restructuring of sovereign debt.