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Bloomberg While the Federal Reserve has said short-term interest rates are back under control following September’s upheaval, its solution may be having knock-on effects for money-market investors. The amount of cash that was parked at the central bank’s facility for overnight reverse-repurchase agreements spiked to $27 billion. That’s the most since the end of the first half of 2019, when ...

Bloomberg Zimbabwe’s central bank halved its key interest rate to 35%, joining the finance ministry in efforts to revive an economy hobbled by years of mismanagement. The decision reverses a move by the southern African nation’s newly formed Monetary Policy Committee (MPC) in September, which raised the rate from 50%. It follows the unveiling last week of the 2020 budget ...

Bloomberg The State Bank of Vietnam, in its latest easing move, cut its interest-rate cap for dong deposits and ordered lenders to lower interest rates to support key business sectors. The limit on interest rates was cut to 5% from 5.5% for dong deposits with maturities of one month to less than 6 months, the central bank said in a ...

Bloomberg “Nothing is priced in,” said David Bloom, global head of foreign-exchange strategy at HSBC Holdings Plc, in an interview with Bloomberg Television. “The political outcome will determine the future of the currency.” An election result that paves the way to a UK-European Union deal on Brexit could send the pound up to $1.45 by the end of next year. ...

Bloomberg The German government should be applauded for its plans for fiscal stimulus and climate, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. “I want to say we have to give credit to the German authorities,” Georgieva, who took on the role last month, said in a Bloomberg TV interview, pointing to fiscal support contained in next year’s ...

Bloomberg Bank of Japan Governor (BoJ) Haruhiko Kuroda’s role as the prime focus for efforts to revive the world’s third-largest economy is coming to an end. An unprecedented level of concern about damaging side effects of Japan’s multi-decade experiment with ultra-low interest rates has gripped policy makers, regulators and legislators. The key takeaway: fiscal policy is set for a more ...

Bloomberg After selling three green project bonds in the US and marketing a new one in Canada, Brookfield Asset Management’s renewable power business is setting its sights on South America and Asia. The Toronto-based company is selling bonds to refinance the existing debt of a pool of four hydroelectric facilities located in Ontario, according to a S&P Global Ratings. The ...

Bloomberg Bangchak Corp, one of Thailand’s top oil refiners, is targeting the bioplastics and plant-based meat industries to diversify its business. The move is part of a strategy of focussing on value-added products rather than just commodities sectors, president Chaiwat Kovavisarach said. “The market has really picked up for alternatives for plastic,” Chaiwat said, adding that a unit producing compostable ...

Bloomberg After recent typhoons ravaged Japan’s grid and disrupted power to almost 1.4 million customers, the government is encouraging homeowners to invest in storage systems, seeking to marry batteries with existing rooftop solar capacity to create backup electricity networks. The backbone would be the 2.3 million rooftop solar installations across the country.

Bloomberg US equity futures advanced with stocks in Europe as investors kept an eye out for fresh signs of progress in America-China trade negotiations. Treasuries were steady. Contracts on the S&P 500 Index rose, signalling the benchmark would head towards a fifth straight record on Tuesday. In earnings news, Kohl’s Corp tumbled in pre-market trading along with Home Depot after ...