March, 2017

• 6 March

  Kenya minister opposes regulations to break up Vodafone unit

  

    Bloomberg Kenya’s government opposes using regulation to force East Africa’s biggest mobile operator Safaricom Ltd. to be broken up, after a draft study found the company is dominant in the country’s telecommunications industry, Information, Communications and Technology Secretary Joseph Mucheru said. The government disapproves of measures that would stifle innovation as it wants companies to expand by investing in ...

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• 6 March

  Japanese funds call for higher yields as BOJ stifles returns

  

    Bloomberg The Bank of Japan is caught in a quandary. To let bond yields rise or not. Governor Haruhiko Kuroda wants to make longer-maturity debt more attractive by letting yields move higher, yet doing so will put pressure on his efforts to keep 10-year borrowing costs close to zero. He will eventually have to raise the target rate, say ...

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• 6 March

  Asean haven status gives baht headache to Thai central bank

  

    Bloomberg Thailand’s popularity among bond investors is creating a headache for policy makers counting on exports and tourism to drive growth. Some $2.1 billion of foreign money has flowed into the nation’s debt this year, making it the top destination among Southeast Asia’s emerging markets. That’s buoying the baht, the region’s best developing-nation performer in 2017, and spurring speculation ...

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• 6 March

  Saxo Bank introduces new tool to ease trading

    Emirates Business Saxo Bank, the online multi-asset trading and investment specialist, announces on Monday that it is collaborating with Autochartist to make automated technical analysis tools and live trade signals available to clients directly in the SaxoTraderGO platform. “With the deep integration of Autochartist we further enhance the analysis tools available to clients. There is no need to open ...

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• 6 March

  Deutsche Bank reunites traders, bankers in latest overhaul

  

    Bloomberg One year after he split Deutsche Bank AG’s investment banking and trading units, John Cryan has put them back together with a familiar mandate: fewer clients and lower costs. Cryan, chief executive officer since 2015, said that the business will focus more on corporate clients and will pare the list of fund managers and other institutions it serves. ...

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• 6 March

  Dutch treat!

  

    PHILADELPHIA / AP Visitors arriving at the Philadelphia Flower Show this year will feel as if they’re stepping into the endless flower fields of Holland. A rainbow sea of 30,000 tulips and other blooms will stretch seemingly into the horizon as a canopy of 6,000 cut and dried flowers floats overhead. Bridges covered in Delft tiles, illuminated windmills and ...

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• 6 March

  A stranger’s living room

  

    LONDON / AP Claire Brynteson had a house, a job and a dining table that was empty once she got her three children out the door every morning. When she received a flyer telling her she could make money by renting seats at the table to people looking for short-term office space, she jumped at the chance to list ...

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• 6 March

  Housing worries may make Australia to hold rates

  

    Bloomberg Philip Lowe has some high-powered backing if he leaves interest rates on hold Tuesday as widely expected. Days after the Reserve Bank of Australia governor signaled that rate cuts weren’t in the national interest amid record household debt, the securities regulator said it was looking at mortgage lending standards across the banking sector. The Organisation for Economic Co-operation ...

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• 6 March

  China defense-spending confusion highlights strategic worries

  

    Bloomberg China omitted a key defense spending figure from its budget for the first time in almost four decades — before an official disclosed the number — highlighting concerns about transparency in the world’s largest military. While authorities said defense expenditures would rise “about 7 percent” this year, the budget report published by the Ministry of Finance on Sunday ...

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• 6 March

  China’s credit target implies adding entire German GDP

    Bloomberg China’s credit engine will keep humming this year, adding the rough equivalent of Germany’s annual economic output to its already massive stock of total social financing, according to estimates derived from the nation’s 2017 targets. Adding higher equity market financing and about 5 trillion yuan ($725 billion) worth of local government bond swaps to the official credit growth ...

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