There had been fears for the past year the mere suggestion of major central banks reversing massive pandemic support would send global markets into tailspin. And yet - so far, so good.
By Reuters Staff
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MEXICO CITY, May 27 (Reuters) - Mexican airport operator Grupo Aeroportuario del Pacifico said on Thursday it had repaid two bank loans with a total value of 2 billion pesos ($100.24 million) ahead of schedule.
The Guadalajara-headquartered group, which operates 12 airports in the Pacific region, said in a statement a 1 billion peso loan to Scotiabank was due in July 2021 and a loan of the same amount to BBVA in May 2022.
“These loans were contracted at the beginning of the pandemic, between April and May 2020, for general corporate purposes,” the statement added.
To repay them, the group used proceeds from its most recent bond emission and its own resources. ($1 = 19.9520 Mexican pesos) (Reporting by Stefanie Eschenbacher Editing by Chris Reese)
Spain's Banco Sabadell said on Friday it aimed to increase its return on tangible equity (ROTE), a measure of profitability, to more than 6% by end-2023 from last year's around 0%, underpinned by additional cost-savings in Spain.
Belarus government bonds tumbled back to the lows of last year's political crisis on Monday, after authorities forced an airliner to land on Sunday, arresting a journalist on board and drawing condemnation from Europe and the United States.
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SYDNEY, May 28 (Reuters) - The New Zealand dollar was ending the week with hefty gains on Friday as the prospect of early interest rate hikes widened its yield advantage over Treasuries, leaving its Australian counterpart trailing far behind.
The Aussie was idling at $0.7745, having spent the entire week trapped in a tight $0.7706/0.7796 range. A break of $0.7675 or $0.7813 is needed to end the deadlock and spark a new trend.
The story was very different for the kiwi, which was up at $0.7276 having climbed 1.7% for the week. It reached a three-month peak of $0.7316 at one stage, though that proved to be stiff resistance.