Recent Posts

Ukraine army’s breakthrough in north threatens Russian grip

Bloomberg A Ukrainian counteroffensive appears to be progressing in the north, but less so in the southern Kherson region that has attracted greater attention and Russian reinforcements. Ukrainian officials and Russian military bloggers alike on Thursday described a counteroffensive in the north that has surprised in its speed, the first time since the war began that Ukrainian forces have been ...

Read More »

BOJ bolsters bond buying as yields advance to policy limit

  Bloomberg The Bank of Japan (BOJ) said it would boost scheduled bond purchases as the intensifying Treasuries selloff puts upward pressure on global yields and weakens the yen. The BOJ said it would buy 550 billion yen ($3.8 billion) of five-10 year bonds at its regular operations, up from 500 billion yen scheduled. The move comes as Japan’s benchmark ...

Read More »

UK banks may write off $47bn in loans due to recession

  Bloomberg Britain’s lenders will have to write off £31 billion to £41 billion ($35.6 billion to $47.1 billion) of loans over the next three years as the country is hit by a recession, analysts at Credit Suisse Group AG predicted. The estimates are based on an economic contraction of between 1.5% and 4%, Omar Keenan and Alexander Demetriou said ...

Read More »
Send this to a friend