March, 2021

• 15 March

  ECB pledges to ramp up buying government debt

  

  Bloomberg The European Central Bank (ECB) pledged to ramp up buying government debt in coming months in a bid to a contain rising bond yields that threaten to derail the region’s economic recovery. Policy makers expect purchases in the next quarter “to be conducted at a significantly higher pace than during the first months of this year,” according to a …

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• 15 March

  BOJ mulling analysis to support scope for rate cut

  

  Bloomberg At next week’s policy review, the Bank of Japan (BOJ) is considering releasing an analysis of the potential impact of lowering its negative interest rate to show its determination to use this option if needed, according to people familiar with the matter. BOJ officials say the assessment would hint at the likely results of a lower negative rate on …

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• 15 March

  RBI loosens grip on yields at public sale

  Bloomberg Rising yields at India’s latest government bond auction are signalling the central bank may be reluctantly accepting higher borrowing costs amid a global rout. The Reserve Bank of India (RBI) sold some of 10-year debt at 6.22%, compared with about 6% in previous auctions. That’s after a spike in US Treasury yields and oil prices pushed borrowing costs higher …

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• 15 March

  Chinese stocks drop as data deepens liquidity concerns

  

  Bloomberg China’s stocks slumped, as a neutral lending stance from the central bank and data showing surging economic activity renewed concerns about tightening liquidity. The CSI 300 Index closed 2.2% lower, after falling nearly 3% in afternoon trading. Stocks had initially pared losses on data showing growth rates of more than 30% for key economic indicators. Traders said sentiment was …

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• 15 March

  US futures climb with European stocks, oil

  

  Bloomberg US futures and European stocks climbed on Monday as investors considered the outlook for inflation and vaccine progress. Travel companies and automakers led the Stoxx 600 Index to the highest level in a year. Danone, the world’s largest yogurt maker, jumped 5% after announcing it would replace its chairman. Brent crude topped $69 a barrel as economic data from …

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• 15 March

  India foreign-exchange reserves become world’s fourth biggest

  

  Bloomberg India’s foreign-exchange reserves surpassed Russia’s to become the world’s fourth largest, as the South Asian nation’s central bank continues to hoard dollars to cushion the economy against any sudden outflows. Reserves for both countries have mostly flattened out this year after months of rapid increase. India pulled ahead as Russian holdings declined at a faster rate in recent weeks. …

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• 15 March

  UAE calls for UN action to stop armed groups hindering aid

  NEW YORK / WAM The UAE urged the UN Security Council (UNSC) to unequivocally condemn the obstruction of the delivery of humanitarian aid by armed groups and demand that they fully respect their obligations under international humanitarian law. The UAE submitted a written statement to UN Security Council for its open debate on conflict and food security convened by United …

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• 15 March

  Atomic power must to hit green goal

  

  Bloomberg Japan’s biggest utility and the owner of the wrecked Fukushima nuclear power plant said it needs atomic energy to meet its pledge to cut its carbon dioxide emissions in half by 2030. It will take time to boost capacity of renewable energy, such as offshore wind, which makes nuclear energy indispensable for the company to curb CO2 emissions 50% …

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• 15 March

  Goldman weighs sale of majority stake in Japan Renewable

  

  Bloomberg Goldman Sachs Group Inc. is exploring a sale of its majority stake in Japan Renewable Energy Corp. that could raise about $2.5 billion. Goldman is working with financial advisers on the potential sale of its 75% stake in Japan Renewable, the people said, asking not to be identified because the matter is private. The sale has drawn preliminary interest …

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• 15 March

  Coal India approves 32 mining projects worth $6.4 billion

  

  Bloomberg Coal India Ltd. approved an investment of about 473 billion rupees ($6.4 billion) on mining projects as the company seeks to boost output to replace imports of the fuel, the Kolkata-based miner said in an emailed statement. The approvals include eight new projects as well as expansion plans for 24 existing mines, Coal India said. The 32 sites will …

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