Bloomberg The Bank of Japan (BOJ) is highly unlikely to deepen its negative interest rate without a fresh economic crisis on a massive scale, according to former board member Makoto Sakurai, whose term ended last month. “The BOJ didn’t lower rates” even at the height of the pandemic shock last year in March, Sakurai said in his first interview since ...

Bloomberg Goldman Sachs Group Inc. is opening a new office in Birmingham, marking the investment bank’s second UK location outside London. The new building is set to open in the third quarter of 2021 and will eventually have several hundred staff across a number of divisions, the bank said in a statement on Tuesday. Engineering will be the first business ...

Bloomberg India’s markets regulator fined Yes Bank Ltd. for claiming that riskier bonds it sold to individual investors were as safe as term deposits. Securities & Exchange Board of India ordered Yes Bank to pay $3.3 million after it “deliberately misrepresented” the Additional Tier 1 notes, “by suppressing the inherent risks of these bonds and distorting facts to mislead their ...

Bloomberg Indonesia’s central bank says the rupiah is “very undervalued” following a two-month slide. Investment banks and money managers are predicting further losses. Goldman Sachs Group Inc. says climbing US yields and a potentially firmer dollar will keep hurting Indonesian assets in the near term, while PineBridge Investments Asia Ltd. says the rupiah will keep sliding due to the global ...

Bloomberg Bond yields climbed and US futures steadied as traders awaited inflation data, a Treasury auction and corporate earnings to assess the market outlook. Bitcoin hit a record. The yield on the 10-year US benchmark headed back toward 1.7%, with rates across Europe rising in sympathy. Gains in European shares were led by tech shares, while most US stock futures ...

Bloomberg Stock investors in China are ignoring a spate of recent bullish earnings as worries about further liquidity tightening continue to weigh on market sentiment. A 1200% jump in Tesla Inc-supplier Sichuan Yahua Industrial Group Co’s first-quarter earnings guidance was followed by a slump of as much as 7.7% in its shares on Tuesday. In the previous session, Suofeiya Home ...

DUBAI / WAM Dubai Holding has announced its strategic partnership with the United Nations World Food Programme (UNWFP), aimed at supporting child nutrition in countries across the region including Jordan, Lebanon, Syria and Yemen. Under this year-long strategic partnership, Dubai Holding will kick off the first joint campaign ‘A Meal for a Brighter Tomorrow’ this Ramadan up until Eid Al ...

Bloomberg Oil gained, topping $60 a barrel, as investors continued to assess the recovery in consumption globally. Futures in New York rose as the dollar fell, making commodities priced in the US currency more attractive. Federal Reserve Chair Jerome Powell said that the US economy was poised for stronger growth, but he cautioned that the pandemic remains a threat. That’s ...

ABU DHABI / WAM Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader, has closed a $55 million debt financing deal with the Commercial Bank of Dubai (CBD), one of the UAE’s leading financial institutions. The first-ever collaboration between Sanad Capital and the Commercial Bank of Dubai will fund the purchase ...

ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan, has sent congratulatory messages to the Kings, Emirs and Presidents of Arab and Islamic nations, on the advent of the Holy Month of Ramadan. HH Sheikh Khalifa wished the leaders and their people continued good health and well-being, and further progress and prosperity for Arab and Islamic nations. ...