By Yoruk Bahceli (Reuters) -The European Union is preparing to approach index providers for its debt to be included in their government bond indexes, an EU official told Reuters, a move that would attract steady demand from a much bigger pool of global investors. Index inclusion “is something we are discussing with market participants at…
By Aditi Shah NEW DELHI (Reuters) -Lufthansa is hopeful of finalising the partial takeover of Italy’s state-owned ITA Airways within days, an executive at the German carrier said on Thursday, describing talks with the Italian government as “very good.” The two airlines agree on how to work together to win market share, Harry Hohmeister, head…
A look at the day ahead in European and global markets from Wayne Cole. It was a long wait, but the Bank of Japan finally decided to hurry up and do nothing – well, almost nothing. The BOJ, it seems, will “patiently” continue with easing while “nimbly” responding to developments. Yield curve control remains as…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose on Friday as strong corporate earnings lifted sentiment despite lingering worries over economic weakness, while the yen dipped after the Bank of Japan kept rates ultra-low even as it announced a broad review of monetary policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.45%…
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in March contracted 4.56% from a year earlier, as a global economic slowdown hurt exports, the industry ministry said on Friday. The figure compared with a forecast in a Reuters poll for a fall of 3.65%, and came after February’s revised 2.38% year-on-year decline. Output in the…
TOKYO (Reuters) – The Bank of Japan (BOJ) on Friday kept monetary settings unchanged but revamped its guidance on the future path of policy, and decided to conduct a “broad-perspective” review of its monetary policy. As widely expected, the BOJ kept intact its short-term interest rate target at -0.1% and that for the 10-year bond…
MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea posted a 12% bump in net profit for the first three months of this year, the company said in a statement on Thursday, its earnings boosted by increased consumption trends and price hikes. Alsea, which operates chain outlets including Starbucks, Burger King and Domino’s Pizza, reported a…
TOKYO (Reuters) – The Bank of Japan on Friday projected the country’s core consumer price index (CPI) to rise 1.6% in the fiscal year starting in April 2025, announcing the closely watched forecast for the first time. BOJ watchers have been awaiting the forecast to gauge the central bank’s perception of whether its 2% price…
By Hari Kishan BENGALURU (Reuters) – Persistently high inflation remains the biggest economic concern this year even as most central banks are at or near the end-game for rate rises, according to Reuters polls of economists who also upgraded their 2023 growth forecasts from three months ago. With the global economy performing better than expected…
By Douglas Gillison (Reuters) -Four months before the second-largest bank failure in U.S. history, key banking regulators worried about the dangers large regional lenders posed to financial stability, according to records from an advisory meeting reviewed by Reuters. Officials from the Federal Deposit Insurance Corporation (FDIC) told an advisory panel on bank failures in November…
