Recent Posts

India’s bank rescue to spur GDP growth

Bloomberg Goldman Sachs Group Inc. just got more bullish — and hawkish — on India. While the investment bank has for months been an outlier predicting monetary tightening in Asia’s No. 3 economy, it now sees the rate increases coming earlier than investors expect. That’s because the government’s plan to inject a record 2.1 trillion rupees ($32 billion) of fresh ...

Read More »

BOJ stands pat on policy as it trims inflation outlook again

Bloomberg The Bank of Japan left its massive monetary stimulus program unchanged even as it trimmed its inflation forecasts, signaling further divergence ahead from its global peers. Governor Haruhiko Kuroda and the board voted on Tuesday to maintain the central bank’s yield curve control program and asset purchases, a result predicted by all 43 economists surveyed by Bloomberg. The vote ...

Read More »

BNP Paribas posts lower trading revenue on fixed-income drop

Bloomberg BNP Paribas SA couldn’t avoid the trading slump that dragged down results at its biggest US and European competitors in the third quarter, as low interest rates and tepid demand from clients curbed activity. Income from trading bonds, currencies and commodities at BNP fell 26 percent to 801 million euros ($932 million) from a year earlier, based on figures ...

Read More »
Send this to a friend