Domestic Bonds

Cash is king in these uncertain times

When I drew attention a few weeks ago to the fund’s high cash holding as its greatest strength under current conditions, I was thinking of the need to rein in inflation and the likelihood of further monetary tightening by the main central banks of advanced countries. A few days later, the specter of war began […]

Domestic Bonds

A look at Unionist myths of borrowing in an independent Scottish mint

Last week, The Times senior political columnist Kenny Farquharson tried to criticize the SNP’s monetary policy after independence, but in doing so he filled his article with misinformation. One of his assertions was the common myth that an independent Scotland would be forced to pay a premium when issuing government bonds in the financial markets. […]

Free Trade Zones

NEPZA promises a wider corridor for female investors

For the first time in 2022, the Central Bank of Nigeria (CBN) wielded the big stick and debited Zenith Bank Plc, Providus Bank, First City Monument Bank (FCMB) Limited and 11 other banks the sum of N356.1 billion. for failing to meet its 27.5% cash reserve requirement (CRR).The new debit, according to The Tide’s source, […]

Trade Wars

The war in Ukraine has investors thinking of a second Cold War

Since the fall of the Soviet Union, investors have enjoyed decades of global economic stability in which military conflict and foreign diplomacy played a lesser role in market movements. But Russia’s invasion of Ukraine is the clearest sign of a recent shift in this dynamic, as increased jostling between powerful nations will have far-reaching consequences […]

G-20 News

Indonesia to divide G-20 participants into ‘bubbles’ for Nov. 15-16 summit in Bali

DENPASAR (Bali), February 26 (The Straits Times/ANN): Indonesia will group conference participants into four “bubbles” at the G-20 meetings it will host in Bali later this year, to minimize any spread of Covid-19. Participants will limit interactions inside their respective bubbles, the Department of Health said on Friday evening (February 25). Bubble 1 will be […]

Domestic Bonds

Will the RBNZ take thoughtful action or leapfrog when considering OCR on Wednesday?

The Reserve Bank’s (RBNZ) monetary policy committee is expected to raise the official exchange rate (OCR) after its first meeting of the year on Wednesday. Most bets are on this, increasing the rate by 25 points from 0.75% to 1%, but a 50 point increase is a possibility. Inflation is well above the committee’s 1-3% […]

Free Trade Zones

CPI inflation in India has probably peaked; should moderate in February

As a result, India’s main inflation gauge – the Consumer Price Index (CPI) – which indicates that retail price inflation has jumped on a sequential as well as year-on-year basis. ‘other. The index rose to 6.01% last month, from 5.66% in December 2021 and 4.06% recorded in January 2021. As a result, the retail inflation […]

G-20 News

G20 host Indonesia promotes currency diversification as part of stimulus exit

JAKARTA: Indonesia’s top economic officials on Wednesday (February 16th) backed increased use of local currencies in trade and investment, instead of the US dollar, to help maintain stability in global financial markets as government stimulus measures the pandemic era are removed. Indonesia, which this year holds the presidency of the Group of 20 major economies, […]

Domestic Bonds

The Brazilian market attracts value-oriented investors. Don’t expect a carnival.

Brazilian markets are booming while other global markets are lagging behind. Quinn Rooney/Getty Images Text size Here’s something you probably didn’t see coming: Brazilian markets are booming, while the rest of the world is crashing. the iShares MSCI Brazil The exchange-traded fund (ticker: EWZ) has jumped 17% since the start of the year. Global emerging […]

Domestic Bonds

Tanzania: Dse up in January at the expense of the bond market

The Dar es Salaam Stock Exchange’s Tanzania Equity Index (TSI), measuring the depth of local equity activity, rose 126.97 points, driven mainly by the banking and industrial sectors in the first month of this year. . The TSI is also believed to have performed well in January after primary market treasury yields fell, leaving investors […]

G-20 News

Bali relaunches direct international flights from all countries

Direct international flights to Indonesia’s popular holiday island Bali have resumed after a nearly two-year hiatus. All arriving travelers who are fully immunized should quarantine for five days in hotels or on boats offshore. Officials announced in October that Bali would welcome foreign travelers from 19 countries. But there had been no direct international flights […]

Domestic Bonds

Forget inflation. Opposites expect a recession and lower bond yields.

“What everyone knows is not worth knowing”, as the famous financier Bernard Baruch once said. And that’s how I was reminded of a long speech in the New York Times last week about why bond yields remain low, despite rising inflation and large budget deficits. Central banks around the world have set rates at zero […]

G-20 News

DEA Secretary Ajay Seth, CFO News, ETCFO

India is in favor of a global consensus on the regulation of cryptocurrencies as a local response may not yield the desired results as these instruments are traded on the internet and are not tied to any jurisdiction, said Economic Affairs Secretary Ajay Seth. “Regulation or prohibition whatever, an appropriate policy response to crypto assets […]

Domestic Bonds

Investment proposals can be inflationary; stocks, bond markets may not like

On the positive side, the overriding factor is that the 2022 budget is a continuation of what the finance minister did last year in terms of capex. Other than that, there are no real surprises when it comes to the reshuffling of the tax slabs or anything that may upset the stock market. […]

Trade Wars

US-Vietnamese trade expected to increase as COVID-19 recedes

Among economists and medical professionals, there is cautious optimism that the pandemic could recede in 2022 as vaccination rollouts continue. This bodes well for U.S.-Vietnam trade relations since the arrival of the health storm, now in its second year, which disrupted supply chains, manufacturing and trade flows between former enemies and now global partners. Vietnam’s […]

Domestic Bonds

Factbox: India’s budget industry demands to be unveiled on February 1

MUMBAI, Jan 27 (Reuters) – India’s Finance Minister Nirmala Sitharaman is expected to reveal plans to accelerate economic growth through increased spending on infrastructure and healthcare when she presents the national budget for 2022. /2023 on February 1. Businesses and industry lobby groups, who expect greater capital spending as the government seeks to create jobs, […]

Trade Wars

Outlook for European structured finance 2022

LONDON, January 19, 2022–(BUSINESS WIRE)–DBRS Morningstar has released its annual outlook for European structured finance. Looking ahead to 2022, as pandemic-induced volatility continues to subside, we expect the European securitization market to face a number of themes: (1) Evolution towards sustainable capital markets (2) Geopolitical risks Brexit – a forgotten story – continues to create […]

Domestic Bonds

Sri Lanka’s imports soar to four-year high amid ‘currency shortage’

ECONOMYNEXT – Sri Lanka’s imports soared to US$21.6 billion in 2021, a four-year high, amid what are being dubbed in popular media as “currency shortages”, the highest since money printing year of 2018, according to preliminary data in the public domain. Central Bank Governor Nivard Cabraal in a post on Twitter.com said 2021 imports are […]

Domestic Bonds

Malta’s corporate debt is the fourth highest in the world

Malta has the fourth highest amount of corporate debt relative to its GDP, behind its smaller state counterparts Luxembourg, Ireland and Cyprus, a study has found. Corporate debt in Malta totals nearly 215% of GDP, according to statistics published by UK consultancy Utility Bidder and based on IMF corporate debt data. Here, corporate debt includes […]

Domestic Bonds

Asia Morning Call-Global Markets | Reuters

January 12 (Reuters) – ——————————————– – ——————————————– ————————————————– ————————————————– – ————————————————– ————————————————– – Register now for FREE and unlimited access to Reuters.com Register ————————————————– ————————————————– – ** indicates the closing price All prices from 18:16 GMT ACTIONS WORLD – US stocks increased their losses on Tuesday after Federal Reserve Chairman Jerome Powell said the central […]

Domestic Bonds

Pay off external debt or finance essential imports

By Dr Roshan Perera and Dr Sarath Rajapatirana The country’s available foreign reserves can be used either to repay foreign creditors or to finance imports of essential goods and services required by its citizens. This is the dilemma Sri Lanka faces today. Repaying the full value of the bonds using the limited foreign exchange reserves […]

Domestic Bonds

Issue price of gold bonds set at Rs 4,786 / g; The subscription opens on Monday

Mumbai, January 7 (PTI) The issue price for the next tranche of the Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from Monday, has been set at Rs 4,786 per gram, announced Friday the RBI. The Sovereign Gold Bond Scheme 2021-22 – Series IX will be open for subscription for […]

Free Trade Zones

Defeat and refine the sensitivities of Nigerian free zones

Gradually, but steadily, the bombastic accounts of the acclaimed underperformance of Nigeria’s FTZ concept over the past 29 years of its adoption to spur the country’s industrialization have been erased by a new generation of data scientists using the latest digital infrastructure. to capture, analyze and measure the contributions of this concept to the country’s […]

Domestic Bonds

bond market: Gilt mkt could see a mismatch between supply and demand despite the inclusion of the index: UTI MF

NEW DELHI – Much has been said about the inclusion of Indian sovereign debt in global bond indices, with most analysts predicting foreign fund flows in the range of $ 35-45 billion, reaching the domestic market once that the event was to materialize. UTI MF, however, believes that even this may not be enough to […]

Domestic Bonds

Does Japan Justify Modern Monetary Theory?

Public debt has skyrocketed since the 2008 financial crisis, and especially during the Covid-19 pandemic. According to the International Monetary Fund (IMF), the ratio of public debt to gross domestic product (GDP) in advanced economies rose from around 70% in 2007 to 124% in 2020. But the fear that the increase in Public Debt Fuels […]

Domestic Bonds

Fed: Hawkish – Bonds: Dovish

Actual average weekly earnings Universal value advisers Like clockwork, as soon as the Fed gave in to constant market and media pressure to tighten, announced an acceleration of the QE “cone” and showed much more hawkish “points” (the graphical plot of the views of the FOMC members on where the federal funds will be in […]

G-20 News

Balance growth-inflation, Shaktikanta Das sees his task reduced during the 2nd term of governor of the RBI

Shaktikanta Das became the first Reserve Bank of India (RBI) governor to win a second term since the government led by Narendra Modi took office in 2014. The former bureaucrat, who took over the managerial post at the central bank on December 10, 2018, began his next three-year term on Saturday. For the past three […]

Domestic Bonds

daily mortgage rates on the rise this week | November 20 and 21, 2021

The average rate on a 30-year fixed-rate mortgage ended the week at 3.531%. That’s an increase of 0.038 percentage point from Monday’s rate. The 30-year refinance rate also ended the week up at 3.694%. Despite the rise, interest rates remain historically low. Well-qualified buyers should be able to lock in low rates and monthly payments […]

Domestic Bonds

China’s stagflation risk rises as growth slows: a green week ahead

(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Bloomberg’s Most Read Inflation risks in China are rising as new outbreaks of Covid-19 cloud the outlook for economic growth, shining the spotlight on policymakers as top Communist Party leaders gather for a crucial political meeting this […]

Domestic Bonds

Nifty Saw Opening Higher; IRCTC, Tata Motors, Tata Steel, SAIL In Focus

Indian equity benchmarks are expected to open higher, as indicated by the Nifty Futures traded on the Singapore Stock Exchange. The Singapore Stock Exchange’s Nifty Futures, also known as SGX Nifty Futures, rose 30 points or 0.17% to 17,780 amid positive indices from global markets. Asian markets edged higher on Monday, led by a post-election […]

Domestic Bonds

Red and blue RBA in 2021

RBA Governor Philip Lowe Changes Central Bank Capital Framework (AAPIMAGE) The Reserve Bank of Australia recorded a “book loss” of A $ 4.3 billion, its first in years, with unrealized valuation losses exceeding the sum of the other components of profit, according to the 2021 annual report of the RBA. Despite the book loss, profits […]

Domestic Bonds

China Evergrande pays onshore coupons – sources

The company logo can be seen at the headquarters of the China Evergrande Group in Shenzhen, Guangdong Province, China on September 26, 2021. REUTERS / Aly Song HONG KONG / SHANGHAI, Oct. 19 (Reuters) – China Evergrande Group (3333.HK) paid an onshore bond coupon due on Tuesday, four people familiar with the matter said, amid […]

Domestic Bonds

Decline in US futures, stable stocks; Bond yields jump: market envelope

(Bloomberg) – Asian stocks started the week on a mixed bag, with investors weighing strong corporate earnings against worries about inflation and the economic recovery. Bloomberg’s Most Read Benchmarks edged up in Japan and fluctuated in Australia and South Korea. US contracts fell after Wall Street stocks rose on Friday, with the S&P 500 posting […]

G-20 News

G20 MFs support tax deal and pledge to continue recovery – The Indian Panorama

ASHINGTON (TIP): Financial leaders from major G20 economies have endorsed a global deal to overhaul corporate taxation and have pledged to maintain budget support for their economies while closely monitoring rising inflation. G20 finance ministers and central bank governors also said in a statement released after a meeting in Washington that the International Monetary Fund […]

Free Trade Zones

Economic activity consolidates the recovery driven by free zones

Costa Rica’s economic activity consolidates its recovery after the coup Covid-19 pandemic. The impetus comes mainly from the business manufacturing that work in special diets such as free trade zones. Last August, economic activity was three consecutive months above the pre-pandemic level (February 2020), according to the most recent data from the Monthly Index of […]

G-20 News

Access to vaccines for all is key to global recovery, says FM Nirmala Sitharaman to G20 peers

Ensuring equitable access to Covid-19 vaccines for all is crucial for the transition from crisis to recovery and the proposed global tax deal will help address the challenges posed by the digitization of the economy, the finance minister said Nirmala Sitharaman at a G20 meeting. Speaking at the G20 Finance Ministers and Central Bank Governors […]

G-20 News

G20 CFOs Support Global Tax Deal | Whyalla news

Financial leaders from major G20 economies have endorsed a global deal to overhaul corporate taxation and have pledged to maintain budget support for their economies while closely monitoring inflation. G20 finance ministers and central bank governors also said after a meeting in Washington on Wednesday that the International Monetary Fund should establish a new trust […]

Domestic Bonds

Egypt’s central bank issues LE 27.5 billion in treasury bills and bonds on Sunday

CAIRO – October 10, 2021: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is expected to issue LE 27.5 billion in treasury bills and bonds (treasury bills and bonds) on Sunday 10 October. The Treasury bills were offered in two installments, the first valued at LE 3.5 billion with a […]

Domestic Bonds

Malaysian bond market: shaken and restless

The BIG central bank push for higher interest rates marked a turning point for bonds as their yields rose. What impact will this have on Malaysia in the future? Yield increases are important because their impact is not limited to bond issuers and investors. They can also influence sentiment in other capital markets and economic […]

Domestic Bonds

October bond attracts few takers due to tight liquidity

Capital markets October bond attracts few takers due to tight liquidity Thursday 07 October 2021 National Treasury building. PHOTO FILE | NMG By CHARLES MWANIKIMore from this author Summary The Treasury registered an underwriting in its monthly bond sale for the first time since March. Investors offered a total of 55.47 billion shillings on the […]

Domestic Bonds

Public debt reaches 39,770 billion rupees in July-August

KARACHI: Public debt rose 2.8% in the first two months of the current fiscal year as the government borrowed heavily to fill the budget deficit, central bank data showed on Tuesday, but analysts put warns against an increase in the cost of debt as inflation accelerates. The public debt stood at 39.770 billion rupees at […]

Domestic Bonds

Why are bond yields rising? Not because of inflation

Bond yields are rising, but not because of inflation, says Joe Lavorgna, chief economist for the Americas at Natixis. On the contrary, he says, the catalyst is the Federal Reserve’s plan to reduce its massive purchases of Treasury bonds and agency mortgage-backed securities (MBS). The 10-year Treasury yield has jumped to over 1.5% lately, from […]

Domestic Bonds

Evergrande set to miss second offshore bond coupon payment this month, sources say

Some Evergrande bondholders did not receive a coupon on Wednesday Evergrande faced Wednesday’s deadline for a $ 47.5 million payment The company sold a $ 1.5 billion stake in Shengjing Bank Evergrande shares increase by up to 17% HONG KONG, Sept. 29 (Reuters) – At least some of China Evergrande‘s offshore bondholders had not received […]

Domestic Bonds

Bonds: Cutoff Higher Than Expected During RBI Reverse Repo, US Developments Bring Hawks Back to Money Markets

NEW DELHI; Indian financial markets have been tricked a bit over the past two days as a flurry of developments from central banks, both global and domestic, created speculation among investors about how quickly the international liquidity flow triggered during the Covid crisis will be paid off. Benchmarks fell more than 1% on Tuesday, the […]

G-20 News

G20 Finance Track in Genoa: Integrating local perspectives into the G20 infrastructure agenda

Members of the G20 Infrastructure Working Group meet in Genoa for their sixth official meeting under the Italian Presidency of the G20. From Monday 27 to Wednesday 29 September, the G20 Infrastructure Working Group (IWG) meets in Genoa for a three-day meeting. The Group will move forward on its agenda before the next meeting of […]

Domestic Bonds

Stocks hold on to weekly gains despite Evergrande blow and surge in bond yields

European equities fall, US should open weaker Asian stocks down for the week but global markets up China Evergrande does not pay interest due Thursday US Treasury yields at their highest for nearly three months LONDON, Sept. 24 (Reuters) – Shares fell on Friday as uncertainty over Chinese developer Evergrande dampened confidence, but major markets […]

Domestic Bonds

Treasury plans to sell 60 billion shillings bonds in October

Capital markets Treasury plans to sell 60 billion shillings bonds in October Thursday 23 September 2021 The Central Bank of Kenya, Nairobi. PHOTO FILE | NMG By CHARLES MWANIKIMore from this author Summary The Treasury opened the sale of a 60 billion shillings bond for October, hoping to capitalize on improving liquidity in the domestic […]

G-20 News

Indonesia to focus on economic recovery during G20 presidency

Indonesia will assume the presidency of the G20 at the end of 2021 for the first time since the forum was established in 1999. Indonesia was invited to join the forum in 2008. Italy, the current president of the G20, will hand over the presidency to Indonesia at the Rome summit, scheduled for October 30 […]

Domestic Bonds

China to increase cross-border investment, strengthen yuan

A staff member counts yuan notes at a bank in Linyi, east China’s Shandong Province. XINHUA PRESS AGENCY China’s central bank is committed to expanding cross-border investment and financing channels to boost the opening of the country’s financial market, according to a recent key report. The People’s Bank of China (PBoC), the central bank, will […]

Domestic Bonds

Chinese financial authorities plan to expand scope to include yuan loans from domestic banks abroad

Photo: VCG The central bank of China and the State Administration of Foreign Exchange on Saturday jointly released draft guidelines, expanding the scope of activities available to foreign yuan loans from domestic banks. This is a new new gesture to show the country’s openness in the banking sector and its ambition to advance the internationalization […]

Domestic Bonds

EMERGING MARKETS – Stocks slide on contagion fears as Evergrande hits decade lows

* South African rand hits lowest level in two weeks * Average yield of emerging bonds in local currency at April 2020 high * Polish zloty slips on central bankers’ views on rates September 16 (Reuters) – Emerging market stocks fell 0.8% on Thursday, putting them on track for their worst week in a month […]

G-20 News

Sri Mulyani, Governor of BI, to lead meeting on G20 finance track

TEMPO.CO, Jakarta – Finance Minister Sri Mulyani has stated that she will lead the G20 Summit agenda of the finance track with Bank of Indonesia Governor Perry Warjiyo as Indonesia will host the G20 Presidency in 2022. “Several priority agendas at the finance track meeting will start to be discussed in December of this year,” […]

Domestic Bonds

Government does not fully allocate treasury bills as rates move sideways

THE GOVERNMENT has fully awarded its offer of treasury bills. – NB FILE PHOTO THE GOVERNMENT has made a total allocation of treasury bills (T-bills) il offst Monday as rates moved sideways due to strong investor demand and conciliatory hints from the central bank. The Treasury Office (BTr) raised 15 billion pesos as planned via […]

Domestic Bonds

The ECB dares to ask if the stimulation of the crisis can be reduced: Eco Week

(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The European Central Bank will decide this week whether it should dare to cut emergency stimulus measures as the pandemic continues to threaten the eurozone economy. The threat posed by the delta variant of the coronavirus could […]

Domestic Bonds

Chancellor: Watch out for the return of financial repression

Illustrative photo of US dollar, Swiss franc, British pound and euro banknotes taken in Warsaw on January 26, 2011. REUTERS / Kacper Pempel LONDON, September 2 (Reuters Breakingviews) – High debt levels require persistently low interest rates. This is the political and economic logic behind the policy of keeping interest rates well below the rate […]

Domestic Bonds

Japanese government bond trading is drying up. Is it important?

August 28, 2021 NOTOBODY PURCHASED Ten-year Japanese government bond traded over-the-counter on August 3. Such a lull in the world’s second-largest sovereign bond market would already have been remarkable. But in fact, it wasn’t even the first time that activity had subsided. The once frantic trading desks in Tokyo have fallen silent over the past […]

Domestic Bonds

China issues sweeping new rules for credit rating companies

What’s up: China has issued sweeping new regulations for credit rating companies, a key step towards better oversight of scandal-ridden industry. The rules, jointly issued by five organs of central government, including the central bank and the chief economic planner, set out requirements for rating business transactions, corporate governance and corporate disclosure, as well as […]

Domestic Bonds

EMERGING MARKETS – Latin currencies hit by rising dollar after US jobs data

* Real Brazil overall for weekly losses as political tensions weigh in * Mexican peso limited rise seen – analyst * Chilean peso drops on Escondida strike plan * JBS and Lojas Americanas rally By Susan Mathew Aug 6 (Reuters) – Latin American currencies hit session lows on Friday, as the dollar improved after strong […]

Domestic Bonds

As headwinds deepen, China has seen fiscal support accelerate to protect growth

People walk in the Lujiazui financial district at sunset in Pudong, Shanghai, China on July 13, 2021. Photo taken on July 13, 2021. REUTERS / Aly Song / File Photo BEIJING, Aug.3 (Reuters) – China set to step up spending on infrastructure projects as central bank backs modest easing measures as Delta variant and flood […]

Domestic Bonds

Malta’s Financial Stability Report

The Central Bank of Malta last week released the 13th edition of the Financial Stability Report (FSR), which examines and assesses financial conditions and developments in the Maltese financial system. The report primarily assesses the resilience of the local financial system and identifies sources of potential systemic risk. The Financial Stability Report is typically released […]

G-20 News

Biden touts economic recovery, but major concerns persist | Voice of America

WASHINGTON – President Joe Biden on Monday took a hit against political opponents, including former President Donald Trump, by touting the invigorating U.S. economy, which quickly recovered in his first six months in office. But some economists fear that the administration’s aggressive efforts to boost economic growth could lead to a punitive recession next year. […]

Free Trade Zones

Extending the gains of upstream integration to sugar production

The Central Bank of Nigeria (CBN) yesterday gave its support to the Dangote sugar refinery, the BUA sugar refinery and the Golden Sugar Company to import sugar into the country, ordering no other company to have access foreign currency to import the product. According to the apex bank, this is in line with the upstream […]

Free Trade Zones

CBN says only Dangote, BUA and Golden Sugar can import sugar into the country

The Central Bank of Nigeria (CBN) announced the restriction of the importation of sugar into the country to only 3 companies. The umbrella bank said that only BUA Sugar Refinery Limited, Dangote Sugar Refinery Plc and Golden Sugar Company may be allowed to import sugar into the country through one of the official sources of […]

G-20 News

IMF and World Bank advocate for benefits of central bank-issued digital currencies at G20

The G20 logo is pictured on June 28, 2021 on a balcony overlooking Matera on the eve of a meeting of G20 Foreign and Development ministers held in the city. (Photo by Alberto PIZZOLI / AFP) (Photo by ALBERTO PIZZOLI / AFP via Getty Images) The International Monetary Fund (IMF) and the World Bank argued […]

Domestic Bonds

National Bank of Ukraine prioritizes green finance

The National Bank of Ukraine in the center of Kiev. (REUTERS / Valentyn Ogirenko) The last eighteen months of pandemic disruption has been a time of transition for the whole world that has also brought rapid changes in financial ecosystems. The Ukrainian banking sector is now adjusting to this new reality, as well as the […]

Domestic Bonds

Eurozone PMI data generally improves as virus restrictions relax

Remarks / Observations – Eurozone June Preliminary PMI data mixed but remaining in expansionary territory (Beats: Germany, Eurozone, United Kingdom; Misses: France); Price action Moderate markets were anticipating an improving economic outlook as virus restrictions eased. – Another emerging European central bank expects a hawkish hike (Czech rates saw their rates rise by 25bp; following […]

G-20 News

Exclusive: G20 to approve global minimum corporate tax deal

By Jan Strupczewski BRUSSELS (Reuters) – World financial leaders will approve an agreement on July 9 and 10 setting a global minimum corporate tax and call for the end of technical work so they can approve the implementation framework in October, said their draft press release. “After many years of discussions and on the basis […]

Domestic Bonds

Headlines: E-com flash sale prohibited; Airtel partners with Tata for 5G

Chinese company Huawei Tech is seeking access to India’s “Trusted Telecom Portal” and e-commerce companies in India are subject to further scrutiny. The headlines this morning. Government plans strict compliance and flash sale ban in draft standards for e-commerce companies The Center provides guidelines for e-commerce businesses, including the appointment of a compliance officer, prioritizing […]

Free Trade Zones

Lekki Free Zone Quadrant, Eko Atlantic are national assets

The Senate Committee on Trade, Industry and Investment described Dangote, Lekki, Alaro City and the Lagos Free Zone which made up the quadrant of the Lekki Free Zone Mega Zone and the Eko Atlantic Free Zone as national assets of several billion dollars. Committee chairman Senator Francis Fadahunsi said this as committee members wrapped up […]

Domestic Bonds

Analysis: Shaken but not shaken: Bond markets could face hawkish Fed for now

By Dhara Ranasinghe LONDON (Reuters) – A hawkish turn within the U.S. Federal Reserve has ended a multi-week rally in bond markets, but don’t bet on a repeat of the steep decline seen earlier this year. US 10-year bond yields returned above 1.5%, near two-week highs, while the German Bund yield hit a three-week high […]

Free Trade Zones

Minister proposes Kish Island as crypto clearinghouse

ICT Minister Muhammad Javad Azari Jahromi has proposed transforming the Iranian island of Kish in the Persian Gulf into a hub for domestic and international cryptocurrency exchanges. This is when policymakers and policymakers have yet to announce an unambiguous position on crypto trading.“Kish has the infrastructure to become a hub for international crypto exchanges in […]

G-20 News

G20 discusses economic risks of climate change, digitalisation and economic recovery

On June 9 and 10, 2021, the fifth meeting of the framework working group focused on the macroeconomic risks associated with climate change and on the relationship between digital transformation and productivity. With just one month away from the meeting of G20 finance ministers and central bank governors, the activities of the G20 working groups […]

Domestic Bonds

RBI looks at foreign corporate bonds to generate higher yield

The central bank explored new allocations for its foreign currency assets to diversify its portfolio and also sought advice from outside investment experts. The umbrella bank wants external investment managers to deal with some of the inflated foreign exchange reserves, as they did a few years ago. The Reserve Bank of India (RBI) is thinking […]

Domestic Bonds

Treasury’s insatiable appetite for loans crowds out the private sector

Central Bank of Kenya building on Haile Selasie Road, Nairobi. [Wilberforce Okwiri, Standard] One of the first miracles former President Mwai Kibaki performed when he came to power in 2003 was to turn well-prepared bankers into hawkers. They have been seen pitching tents along the dusty streets of Nairobi, peddling loans to a languid crowd. […]

Domestic Bonds

Marginal increase in Bangladesh government liabilities likely in 2021-2022

FE REPORT | Posted: June 12, 2021, 8:27:09 a.m. | Update: June 12, 2021, 9:00 a.m. The government’s liabilities in the next fiscal year (fiscal year), 2021-2022, are expected to increase slightly as its domestic liabilities, which generally become higher than foreign loans, are expected to shrink to some extent. Total government liabilities – domestic […]

Domestic Bonds

3 things to watch out for when the ECB meets on Thursday

Text size European Central Bank President Christine Lagarde arrives to attend a plenary session at the European Parliament in Brussels, Belgium, Feb.8, 2021. POOL / AFP via Getty Images President Christine Lagarde can be expected to avoid mentioning the word charged – tapering – on Thursday after the regular meeting of the European Central Bank’s […]

Domestic Bonds

BSP throws P100B from titles

THE Bangko Sentral ng Pilipinas (BSP) has raised 100 billion pesos in its weekly securities auction. The central bank’s one-month BSP bill was oversubscribed by 1.05 times the offered volume of 100 billion pesos, for a total of 105.41 billion pesos in tenders. The slightly higher WAIR (Weighted Average Interest Rate) for this auction follows […]

G-20 News

US Mulls Launches “Digital Dollar” | Voice of America

WASHINGTON – A senior Federal Reserve official raised eyebrows in the financial services world last week by saying the central bank is speeding up the development of a plan that could result in the issuance of a digitized version of the U.S. dollar. In doing so, she indicated that the United States is joining a […]

Free Trade Zones

FTZ Solidarity demands priority for vaccines

Workers engaged in services within free zones (FTAs) should be given priority in the Covid-19 vaccination program, while PCR tests should be carried out regularly and urgently in these zones, the solidarity of the free zones (2). They also said hygiene maintenance methods in factories should be improved, while people identified as infected should be […]

Domestic Bonds

So far almost two-thirds of development bond repayments have been postponed: CB – Business News

Says raised US $ 800 million, with the latest issue ending April 30 Sri Lanka has SLDB repayments of $ 1.3 billion this year Says encouraging demand seen from banks and other financial institutions Funds to settle nearly two-thirds of the Sri Lanka Development Bonds (SLDBs), which are due this year, have been raised as […]

Free Trade Zones

Sri Lankan President imposes strike ban on public sector workers

Sri Lankan President Gotabhaya Rajapakse published an extraordinary newspaper on Thursday, declaring that most sectors of the state were “essential services”, effectively banning industrial action. The purpose of this draconian order is to quell growing anger and popular unrest over deteriorating living conditions and escalating attacks on democratic rights as COVID-19 infections rapidly rise across […]

Domestic Bonds

Bank of Japan’s assets quadruple to $ 6.5 tril. under Kuroda’s aggressive easing

This photo shows the Bank of Japan headquarters building in Tokyo. (Mainichi) TOKYO (Kyodo) – Total assets held by the Bank of Japan increased to 714.56 trillion yen ($ 6.5 trillion) in fiscal 2020, according to central bank data on Thursday, quadrupling in eight years under Governor Haruhiko Kuroda’s aggressive monetary easing and growing to […]

Domestic Bonds

Fed mortgage purchases set fire to boiling US real estate market

Homes are selling at a rapid rate across much of the United States due to a market imbalance, many say the Fed has stepped up. Source: DreamPictures / Photodisc via Getty Images Aaron Layman has never seen a more competitive housing market. Layman, a real estate broker and housing analyst based in Denton County, Texas, […]

Domestic Bonds

Biden and Putin to meet on June 16 amid disagreements

WASHINGTON (Reuters) – US President Joe Biden and Russian President Vladimir Putin will meet in Geneva on June 16, the White House and the Kremlin announced on Tuesday amid heated disputes over election interference, cyber attacks, human rights. man and Ukraine. The two countries lowered expectations for breakthroughs at the summit, with neither in the […]

Domestic Bonds

Huarong bonds lose half of their value in a key financing market in China

The Chinese repo market shows how the bonds of China Huarong Asset Management Co. are viewed as risky on the mainland, despite being majority owned by the finance ministry. According to data from China Securities Depository and Clearing Corp. The decline in effective value illustrates the astonishing loss of confidence in a business critical to […]

Domestic Bonds

US Taper Talk sends first thrill to local bond and stock markets

In the United States, the Taper Talk sent the first thrill through the local bond and stock markets, but none of the market’s geeks are willing to stick their necks out and call it a potential bloodbath that investors need to do. prepare – if and when this wind – down occurs. On Wednesday, the […]

Money Management

SC will hear new plea for the extension of the loan moratorium program until the end of the year

The Supreme Court ruled on Friday to hear a new plea asking for the extension until last December of the RBI’s moratorium program to provide a facility for deferred payment of term loan payments to borrowers due to the COVID-pandemic. 19. A bench led by Judge Ashok Bhushan, in a hearing conducted by videoconference, ordered […]

Money Management

How COVID-19 Affects Microfinance

By now, it is clear that the global coronavirus pandemic and the resulting government-imposed lockdowns have had an unprecedented impact on the global economy. But what may not have been sufficiently clarified to date is how critical the situation has become for the groups most at risk from this downturn. Specifically, low-income groups in developing […]

Money Management

loan restructuring: banks set to restructure loans up to Rs 8.4 lakh crore after RBI decision: report

Banks are likely to restructure loans up to Rs 8.4 lakh crore, or 7.7% of the system’s overall credit, as part of the newly announced overhaul, a national rating agency said on Wednesday. Over 60% of that Rs 8.4 lakh crore was likely to slip into the non-performing asset (NPA) category if it weren’t for […]

G-20 News

China, US to steer G-20 Sustainable Finance Examine Group

China and the USA will co-chair the G-20 Sustainable Finance Examine Group (SFSG), doubtlessly asserting elevated cooperation between financial heavyweights in inexperienced finance improvement and local weather change on the whole. The Folks’s Financial institution of China (PBOC) and the US Treasury Division will chair the group, which is being revived after a two-year suspension, […]