BSVC

Asian stocks gain despite rising numbers of Chinese COVID cases

by

SYDNEY, Nov 23 (Reuters) – Asian stock markets were mostly upbeat on Wednesday, despite mounting cases of COVID-19 in mainland China, leaving investors unsure about the extent to which the new outbreaks will affect the reopening of the second-largest economy in the world could slow down. MSCI’s broadest index of Asia-Pacific equities outside Japan (.MIAPJ0000PUS) … Read more

Bank of Canada says high rates are starting to work, housing and debt are a concern

by

OTTAWA, Nov. 22 (Reuters) – Higher interest rates are starting to slow Canada’s economy, the Bank of Canada said on Tuesday, putting pressure on highly indebted households and those who recently bought homes on variable-rate mortgages. “It will take time to get back to solid growth with low inflation, but we will get there,” Deputy … Read more

Spain approves mortgage support for more than 1 million households

by

Measures support vulnerable families with an income limit of 25,200 euros Threshold for medium-sized businesses set at 29,400 euros Measures include extending loan repayments to 7 years Promotions also provide grace periods and refund freezes Plan will be finalized on Tuesday after talks with banks MADRID, Nov 21 (Reuters) – The Spanish government will on … Read more

German house prices fall 3.5% next year as buyers feel the pressure – Reuters poll

by

LONDON, Nov 21 (Reuters) – German house prices are set to fall 3.5% next year as the cost of living and rising borrowing costs hit consumers, but the likelihood of an outright crash is slim, according to a Reuters poll of property market experts . Harmonized consumer price inflation in Europe’s largest economy hit 11.6% … Read more

NY Fed: Bank liquidity may be tighter than thought, with policy implications

by

Nov 18 (Reuters) – The way the banking system manages its cash suggests the financial system may not be as good as many now understand, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper says of the The Federal Reserve Bank of New York said … Read more

Exclusive: Germany is ramping up contingency plans to deal with the blackout

by

FRANKFURT, Nov. 15 (Reuters) – German authorities are stepping up preparations for emergency supplies in the event of a power outage to keep the economy going, four people involved said, as the country braces for potential blackouts from the war in Ukraine. The plans include the Bundesbank, Germany’s central bank, hoarding extra billions to meet … Read more

Chinese regulators push for more financial support for real estate companies – sources

by

BEIJING, Nov. 13 (Reuters) – Chinese regulators have asked financial institutions to provide more support to property developers to support the country’s struggling real estate sector, two sources with direct knowledge of the matter said on Sunday. A message to the institutions of the People’s Bank of China (PBOC) and the China Banking and Insurance … Read more

Lula’s Honeymoon With Brazilian Markets Ends Amid Spending Plan Fears

by

BRASILIA, Nov. 10 (Reuters) – Brazilian President Luiz Inacio Lula da Silva’s short honeymoon with financial markets appeared to be over on Thursday, as investors grew impatient with his desire to increase social spending without long-term tax rules determine whether its top economic policymakers. The Brazilian currency and benchmark Bovespa stock index (.BVSP), which jumped … Read more

Analysis: Runaway Prices Have Central Europe Confused

by

Region struggles with inflation of almost 20% Surveys show continued high inflation expectations Various government moves dent central bank tightening Some economists say high inflation could be permanent BUDAPEST/WARSAW, Nov 7 (Reuters) – While inflation in Western Europe is expected to be largely tamed within a year, there is growing sentiment that runaway prices in … Read more

The fate of Toshiba management is a source of friction for bidders and banks

by

TOKYO, Nov. 6 (Reuters) – Disagreements over whether to keep Toshiba Corp. (6502.T) management after a possible takeover caused friction between two of its suitors and is now raising concerns among banks, sources said. complicated the already uncertain process. Japan Industrial Partners, the private equity firm that has since been selected by Toshiba as the … Read more