June, 2016

• 14 June

  Fed firms grip on US$2.5trn stack of Treasuries

  

    Bloomberg The Federal Reserve’s liftoff from near-zero interest rates in December sparked angst over how quickly the central bank would start whittling down its US$2.5 trillion hoard of Treasuries. It turns out that investors in the world’s biggest bond market had little cause for concern. The weaker-than-forecast labour report for May wiped out bets that policy makers would follow ...

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• 14 June

  India’s state-run bank says lenders need more capital

    Bloomberg India’s state-run banks will need more capital than promised by the government to boost credit growth as they grapple with bad loans of more than 4.7 trillion rupees (US$70 billion), the head of the nation’s largest lender said. “If you really want credit to speed up and infrastructure financing to take center stage then more capital is required ...

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• 14 June

  Croat Central Bank to raise 2016 growth

  

    Bloomberg Croatia’s central bank plans to raise its 2016 growth forecast next month, Governor Boris Vujcic said, acknowledging a faster-than-expected economic expansion that has helped temper the risks of a political crisis threatening to bring down the government. The central bank expects no review to the newest EU member state’s budget this year and fiscal consolidation will continue, said ...

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• 14 June

  PPC plans US$132 million loan facility ahead of capital raise

  

    Bloomberg PPC Ltd is in the final stages of negotiating a 2 billion rand (SU$132 million) bridging guarantee facility, seeking to shore up its balance sheet after a credit-rating cut and warnings of a possible liquidity squeeze. South Africa’s biggest listed cement maker is also working on a plan to raise 3 billion rand to 4 billion rand and ...

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• 14 June

  BOE loans banks US$3.5bn in EU vote liquidity

  

    Bloomberg Banks took 2.46 billion pounds (US$3.5 billion) in the first of three extra liquidity operations the Bank of England is holding this month to shore up funding as the UK considers its future in the European Union. Governor Mark Carney is offering the cash — in exchange for collateral — as a precaution to help ensure the smooth ...

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• 14 June

  JPMorgan joins banks with real time payments

    Bloomberg JPMorgan Chase & Co. has joined USA rivals including Bank of America Corp and USA Bancorp in letting customers transfer money between the lenders in real time, challenging ventures including PayPal Holdings Inc’s Venmo. JPMorgan, whose Chase QuickPay product handled US$20 billion in peer-to-peer transfers last year, began offering the service after customers requested it, said Barry Sommers, ...

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• 14 June

  Fitting a year’s trash in a jar!

  

    Bochum / DPA Instead of a vase with fresh flowers on her dining room table, Shia Su has collected the rubbish of the past few months. In a glass jar are a few bottle caps, receipts and window envelopes – you can’t avoid all rubbish, she says. But the jar is big enough to hold an entire year’s worth ...

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• 14 June

  Here is the key to successful entrepreneurship

  

    Lisa Abeyta Tribune News Service As an entrepreneur, one of our primary jobs is to become excellent researchers. The thing about creating something from nothing, about building a business where none existed before, is that there will always be myriad unknowns, so learning how to independently search for answers if a vital skill. Startups don’t come with ready-made worksheets, ...

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• 14 June

  China outlook buoyed as medium-term risks rise

  

    Shanghai / Bloomberg China’s near-term economic outlook is being buoyed by policy support even as its medium-term prospects become more uncertain because of rapidly rising credit, excess industrial capacity and financial sector risks, the International Monetary Fund said. Overall reforms have advanced impressively in areas from shifting to services as a greater driver of growth to liberalization of financial ...

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• 14 June

  India inflation quickens in May

  

    New Delhi / AFP India’s consumer prices rose faster than expected in May due to higher food costs, official figures showed, which will likely lead the central bank to hold off lowering interest rates. The inflation rate increased to 5.76 percent from a year earlier, substantially higher than the 4.8 percent recorded in March and 5.4 percent in April, ...

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