By Jamie McGeever ORLANDO, Florida (Reuters) -Even though it may surprise some that it’s positive at all, the risk premium on equity over bonds has hit historic lows – a key driver of the recent dash for fixed income. Wall Street has successfully fended off the continued rise in U.S. interest rates and drum beat…
LONDON (Reuters) -HSBC’s most vocal individual activist shareholder Ken Lui on Monday said he had spoken for the first time with the bank’s largest investor, Ping An, about their controversial proposals to spin off the lender’s Asia business. Top management executives of Ping An Asset Management, an investment unit of the Chinese insurer, exchanged views…
(Reuters) -Investors are gearing up for a busy week ahead, when the bulk of the S&P 500 components report earnings, the dollar could see if it’s regained any forex-appeal and the Bank of Japan’s new governor chairs his first policy meeting. Here’s a look at the week ahead in markets from Lewis Krauskopf in New…
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Monday the central bank’s inflation forecasts must be “quite strong and close to 2%” in the coming year to consider tweaking yield curve control. “At present, trend inflation is below 2% so we must maintain monetary easing,” Ueda told parliament. “But when…
AMMAN (Reuters) -Israel has detained a Jordanian lawmaker on suspicion of smuggling arms and gold into the West Bank and Amman is working to secure his release, the kingdom’s foreign ministry said on Sunday. Imad al Adwan, a member of parliament who had crossed a main border crossing along the Jordan River earlier on Sunday…
HANOI (Reuters) -Vietnam’s central bank said on Monday it will restructure loans for some businesses facing difficulties, including delaying loan repayments by up to 12 months, as it seeks to shore up a slowing economy. The State Bank of Vietnam (SBV) said in a statement the restructuring measures would be implemented through June 2024. Prime…
By Humphrey Malalo NAIROBI (Reuters) -Kenyan police have now exhumed the bodies of 47 people thought to be followers of a Christian cult who believed they would go to heaven if they starved themselves to death. Police near the coastal town of Malindi started exhuming bodies on Friday from the Shakahola forest. “In total, 47…
(Reuters) -Russia on Sunday said its forces had advanced in Bakhmut while a top Ukrainian commander said his troops were holding the frontline through the city, all but destroyed in some of the bloodiest combat of the 14-month war. The Russian defence ministry said its forces had secured two blocks in western districts and airborne…
By Jeff Mason WASHINGTON (Reuters) -President Joe Biden’s team has picked Julie Chavez Rodriguez, a senior adviser at the White House and deputy campaign manager of his 2020 presidential campaign, to be his campaign manager for the 2024 election, according to a source familiar with the plan. Rodriguez, who is director of the White House…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Inflation figures from Singapore top the Asian economic calendar on Monday, kicking off a week in which eyes of the Asia Pacific region – and beyond – will be focused on the Bank of Japan’s first policy meeting…
