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BOJ intervenes for second time to slow yield spike

BLOOMBERG The Bank of Japan (BOJ) came into the market for the second time to slow gains in benchmark sovereign bond yields, underscoring its determination to curb sharp moves in rates even as it makes room for them to rise. The buying operation also highlighted the challenge investors face interpreting a rates regime that is built on gray lines to ...

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ING beats estimates as lower loan provisions boost profit

Bloomberg ING Groep NV reported second quarter profit that beat analyst estimates as it set aside less money for soured loans. Net income of €2.16 billion ($2.36 billion) in the second quarter compared with expectations for profit of €1.72 billion, the bank said. ING added €98 million to its loan loss provisions in the quarter, well below the €383 million ...

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