March, 2016

• 16 March

  ‘Mutuality’ will seal EU-Turkey migrant deal

  The EU-Turkey migrant draft deal touted last week as a breakthrough to settle the current refugee crisis faces difficulties, as some EU member states voiced resentment over Ankara’s demands, with Paris and Prague branding Turkey’s approach ‘Blackmail”. EU and Turkish leaders had agreed on a tentative plan that would see new migrants landing in Greece sent back to Turkey. For ...

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• 16 March

  A less costly stimulus for battling slump

  What should the U.S. government do to fight recessions? What should it do to fight slow growth? This is the eternal question of so-called countercyclical policy. The two mainstream ideas are fiscal and monetary stimulus. The fiscal version works by having the government borrow and spend money, either on useful things like infrastructure, or by simply mailing people checks. The ...

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• 16 March

  A Malaysia ‘pushback’ against China in South China Sea?

  On Monday, Malaysia’s defense minister Hishammuddin Hussein suggested if reports that China is placing military assets in the Spratlys are true, it would force the Southeast Asian state into a “pushback” against China. “If the reports we’ve received from various sources regarding the buildup and placement of military assets in the Spratlys are true – this forces us in a ...

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• 16 March

  Banks drag stocks lower as investors seek Fed support

  

  Bloomberg Banks dragged European shares lower, while investors awaited the Federal Reserve’s latest policy meeting for signals on the health of the world’s biggest economy and the trajectory of interest rates. Credit Suisse Group AG led declines among banks, sliding 6.5 percent, with four Europe-based traders citing the absence of Chief Financial Officer David Mathers from a conference in London ...

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• 16 March

  BofA sees Rajan pouring in funds as cash crunch worsens

  

  Bloomberg Bank of America (BofA) Merrill Lynch says India’s central bank should set a schedule for bond purchases to help bring down lending rates amid a cash crunch in the financial system. The Reserve Bank of India has bought 570 billion rupees ($8.5 billion) of sovereign debt since resuming open-market operations, or OMOs, in early December after almost two years. ...

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• 16 March

  PBOC gauges banks’ demand for loans at lower costs

  

  Beijing / Bloomberg The People’s Bank of China (PBOC) gauged demand for medium-term loans on Wednesday at an interest rate lower than it’s offered in the past, Reuters reported, citing people it didn’t identify. The monetary authority lowered the cost of the three- and six-month, and one-year Medium-term Lending Facility by 25 basis points to 2.5 percent, 2.6 percent and ...

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• 16 March

  A Central Bank that can live with negative inflation

  

  BLOOMBERG Israel is experiencing one of the world’s longest streaks of negative inflation. Yet unlike central banks in Europe or Japan, which have lowered interest rates below zero to combat deflation, the Bank of Israel isn’t as worried about the trend. While these other banks fret about growth, Israeli central bankers say the local economy is healthy and the drop ...

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• 16 March

  Raiffeisen can reach goal even if it keeps Polish unit

  

  VIENNA / Bloomberg Raiffeisen Bank International AG can afford to keep its Polish unit rather than sell it at a fire-sale price because the Austrian lender is already “within striking distance” of its target to boost capital ratios, according to its chief executive officer. Eastern Europe’s second-biggest lender still wants to dispose of the business but may not succeed in ...

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• 16 March

  Singapore developers post lowest new home sales

  

  Bloomberg Singapore developers sold the lowest number of new homes in 14 months, as mortgage curbs cooled demand in Asia’s second-most expensive housing market. Developers sold 301 units in February, down 7 percent from the revised 323 units in January, according to data released Tuesday by the Urban Redevelopment Authority. While annual sales rose just under 2 percent to 7,440 ...

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• 16 March

  Burj Ramla confirms strength of real estate

  

  RIYADH / EMIRATES BUSINESS With a clear strategy and vision, Naif Al-Rajhi Investment (NRI) is keen to work in line with the preset objectives of the Council of Economic Affairs and Development, and along with the changes that indicate broad opportunities for growth in the real estate sector. Ramla Real Estate Development Company, owned by Naif Al Rajhi Investment , ...

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