Bloomberg Overseas funds piled into UK government bonds at an unprecedented pace in December 2022, one of the strongest signs yet that a market written off as broken just months ago is on the mend. Non-residents bought £38.3 billion ($47 billion) of gilts last month, figures published by the Bank of England (BOE) on Tuesday showed. A “portion of …

  Bloomberg The Chinese central bank will extend the use of three monetary policy tools designed to encourage financial institutions to support green technologies and the logistics sector, the People’s Bank of China (PBOC) said in a statement. The bank will continue to offer cheap funding until the end of 2024 to banks which lend to firms that are helping …

  Bloomberg Pakistan’s rupee advanced from a record low as the International Monetary Fund (IMF) team is set to start negotiations over the resumption of its $6.5 billion bailout. The rupee climbed 1.7% to 265 per dollar, after sliding to an unprecedented 270, according to the foreign—exchange desk at Arif Habib Ltd. The benchmark stock index climbed 1.9%, snapping a two-day …