June, 2016

• 16 June

  Democrats get USA Senate to consider gun control measures

  

    Washington / AFP Senate Democrats claimed a small victory early Thursday, forcing the US upper house to consider legislation to help keep guns out of the hands of terrorism suspects. The move, which could break a years-long logjam on gun control, follows demands for action after the weekend massacre of 49 people at a gay nightclub in Florida. Democrats ...

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• 16 June

  Brexit blues pressure franc at 2016 high

  

    Bloomberg The Swiss National Bank kept interest rates unchanged, conserving ammunition ahead of a British vote on European Union membership that has the potential to complicate monetary policy-making the world over. The SNB, whose currency is sought by investors at times of crisis, held its deposit rate at minus 0.75 percent, as forecast by economists in a survey. Saying ...

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• 16 June

  Exit from EU would be disaster for UK, says Deutsche Bank

  

    Bloomberg Deutsche Bank AG Chairman Paul Achleitner has become the latest global banking leader to warn about the potential fallout if UK voters decide to leave the European Union. A yes vote next week on the so-called Brexit would be an “economic disaster for the UK and a political disaster for the EU,” Achleitner said at a dinner Wednesday ...

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• 16 June

  Morgan to give Airbnb US$1bn debt facility

  

    Bloomberg Airbnb Inc secured a US$1 billion debt facility from some of the largest U.S. banks to help the home-sharing company develop new services and fund growth initiatives, people familiar with the matter said. The debt deal was led by JPMorgan Chase & Co, Citigroup Inc. and Bank of America Corp Morgan Stanley also participated, according to the people, ...

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• 16 June

  Government approves merger of 5 associate banks with SBI

  

    Bloomberg State Bank of Bikaner & Jaipur and State Bank of Mysore shares surged for a second day as India approved the merger of the lenders with their parent, amid a government push to strengthen the nation’s fragmented banking industry. Bikaner Bank rose 18 percent in Mumbai to a five-month high, while SBM climbed 20 percent to the highest ...

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• 16 June

  Japanese banks support central bank over BOJ’s negative rates

  

    Bloomberg Japan’s main bank lobby hinted that the central bank was right to keep monetary stimulus unchanged, saying that sending negative interest rates even lower would hurt the industry. “The impact on banks would be more severe if negative rates are expanded,” Japanese Bankers Association Chairman Takeshi Kunibe said at a briefing in Tokyo hours after the decision. Japanese ...

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• 16 June

  Stocks slide as central banks fail to reassure; yen, gold climb

  

    BLOOMBERG Stocks slid with commodities after central banks in the U.S and Japan signaled increased concern about the global economic outlook. Gold and bonds rose on haven demand, while the yen climbed to the highest since 2014. The Stoxx Europe 600 Index fell to a four-month low and U.S. crude headed for its longest losing streak since February. Bond ...

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• 16 June

  Gold pinned to Brexit angst as traders see $1,350 if ‘Leave’ wins

  

    Bloomberg Polls show Britons will vote next week to exit the European Union, and that has gold traders betting the precious metal will be a lot more valuable. Prices will rally to the highest in two years if the so-called Brexit campaign succeeds on June 23, reaching $1,350 an ounce within a week of the vote — about 3 ...

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• 16 June

  Canada’s biggest solar-bond sale shines a green light on future

  

    Bloomberg A bond to fund Canada’s largest solar-power project, located on aboriginal land in Ontario, is proving a magic combination for investors who are scooping up the new green debt. The C$613 million ($475 million) of notes maturing in 2035 with a 3.926 percent coupon to finance the Grand Renewable Solar Project represent Canada’s largest solar-bond sale, according to ...

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• 16 June

  UNFCCC gives thumbs up to DEWA’s solar power plan

  

    Dubai / WAM The UAE’s solar power programme, the UAE Solar Programme of Activities (PoA), has been approved by the United Nations Framework Convention on Climate Change (UNFCCC) Executive Board. The PoA was initiated by Dubai Electricity and Water Authority (DEWA) in collaboration with Dubai Carbon Centre of Excellence, Dubai Carbon, to promote the development of solar power in the ...

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