Recent Posts

BOJ expects no market backlash if rate cut is necessary

Bloomberg Bank of Japan (BOJ) officials think lowering the negative interest rate, if they chose to do so in the coming months, wouldn’t backfire in financial markets because investors are aware of the possibility, according to people familiar with the matter. While most officials wouldn’t be drawn on when the BOJ might act, some of the officials see little need ...

Read More »

$11b green-energy initiative taking shape in South Africa

Bloomberg A plan to establish the world’s largest green-energy financing initiative is being threshed out in South Africa, which needs to reduce its environmental footprint and find innovative ways to fund debt-stricken state power utility Eskom Holdings SOC Ltd. The plan being formulated by Meridian Economics, a Cape Town-based think tank, is under consideration by the government. It envisions the ...

Read More »

Lebanon’s gas stations to shut to protest dollar crunch

Bloomberg Lebanon’s gas station owners will stage a nationwide strike on Wednesday to protest the government’s failure to provide enough dollars to pay suppliers. The businesses say local banks lack hard currency they need, forcing them to buy dollars at exchange houses above the fixed rate of 1,507.5 Lebanese pounds to the greenback. The Energy Ministry prices gasoline and diesel ...

Read More »
Send this to a friend