Recent Posts

PBOC injects funds to meet demand

  Bloomberg The People’s Bank of China (PBOC) used open-market operations to inject the most funds in two weeks, helping meet a seasonal spike in demand for cash that also saw the central bank provide two rounds of medium-term loans within a week. The PBOC auctioned 90 billion yuan ($14 billion) of seven-day reverse-repurchase agreements on Tuesday, the most since ...

Read More »

Goldman Sachs sees much better market after bruising Q1

  New York / AFP Goldman Sachs reported a sharp decline in first-quarter earnings, but gave a fairly bullish outlook for the mergers and acquisitions business now that financial markets have stabilised. Earnings for the quarter ending March 31 were $1.2 billion, down 56.3 percent from the year-ago period. Revenues sank 40.3 percent to $6.3 billion. Nearly all of the big ...

Read More »

Excessive yen gains could affect inflation trend: BOJ

  Tokyo / Reuters Bank of Japan (BOJ) Governor Haruhiko Kuroda said inflation could be affected if the yen continued to rise excessively, leading to further easing measures to meet the central bank’s price target, the Wall Street Journal reported. Kuroda also told the paper that the BOJ was not targetting the exchange rate but that he would continue to ...

Read More »
Send this to a friend