BOJ March meeting summary: Policy will remain easy for some time

By Stanley White

TOKYO  - Bank of Japan board members said easy monetary policy will be in place for some time because consumer price growth is still distant from the central bank's 2 percent inflation target, a summary of opinions from their March 15-16 meeting showed on Monday.

Members dismissed the notion that the BOJ would have to raise its 10-y

Investors shed euro zone bonds on further signs of economic strength

By Abhinav Ramnarayan

LONDON  - Investors sold euro zone government bonds on Friday as reports on private-sector activity in the bloc provided further signals of economic growth, strengthening the case for a withdrawal of monetary stimulus.

Despite uncertainty over a delayed U.S. healthcare vote that may have implications for the "Trumpflation"

Rupee gains 09 paise against US dollar

The Indian Rupee extended gain against the greenback on Friday amid sustained selling of dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally. Further, bullish trade across equity market also boosted home currency’s movement.

The

Asian currencies inch lower, focus on U.S. healthcare vote

By Masayuki Kitano

SINGAPORE  - Most Asian currencies were steady to slightly lower on Friday, ahead of a U.S. vote on a healthcare bill that is seen as a gauge of the Trump administration's ability to implement its policy goals.

U.S. President Donald Trump's struggles to secure passage of the bill have stirred renewed concern about possible del

How a border tax could divide Boeing and its suppliers

By Alwyn Scott

SEATTLE - A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.

U.S. automakers and other manufacturers that rely on imported components also would be affected by th

European shares slip as investors stay cautious over Trump plans

MILAN - European shares fell in early trade on Thursday as investors assessed the risks to Donald Trump's stimulus plans, just before a vote in the U.S. Congress on his healthcare bill.

By 0822 GMT, the pan-European STOXX 600 index was down 0.1 percent, following slight losses in the previous session. Britain's FTSE fell 0.2 percent.

The U.S. vote, w

Rupee trades higher against greenback

The Indian Rupee was trading higher against the greenback on Thursday amid fresh selling of dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally. Further, bullish trade across equity market also boosted home currency’s movement.

T

Private placement curbs set to raise corporate China's debt risks

By Engen Tham and Michelle Price

SHANGHAI/HONG KONG  - New rules to rein in a surge in private share sales by Chinese companies are pushing more cash-strapped firms to borrow instead, bankers and analysts say, adding to a corporate debt burden already at its highest since the global financial crisis.

Private placements in China jumped fivefold from 2013

Rupee tumbles 19 paise against greenback

The Indian rupee fell sharply against its US counterpart on Wednesday amid fund outflows by foreign funds and importers due to fresh demand for the American currency. Adding to it, weakness in global equity market also weighed on home currency movement. The equity markets tumbled amid fading hopes that the Trump government will deliver its tax cuts promises.

At the Interbank Foreign E

Rupee tumbles 19 paise against greenback

The Indian rupee fell sharply against its US counterpart on Wednesday amid fund outflows by foreign funds and importers due to fresh demand for the American currency. Adding to it, weakness in global equity market also weighed on home currency movement. The equity markets tumbled amid fading hopes that the Trump government will deliver its tax cuts promises.

At the Interbank Foreign E

Rupee up 7 paise against US dollar

The Indian Rupee was trading higher against the greenback on Tuesday amid sustained selling of the dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally. However, weakness across equity market restricted home currency’s gain. At the Interban

Indonesia tax amnesty nets $330 bln - now for reform

By Gayatri Suroyo and Hidayat Setiaji

JAKARTA - Southeast Asia's biggest economy this month is winding up one of world's most successful tax amnesties, with at least 745,000 taxpayers declaring more than $330 billion of assets so far. President Joko Widodo has cited higher tax revenue as the key to boosting infrastructure spending and growth. But if the amnest

Sterling slips after as date is set for Brexit trigger

By Ritvik Carvalho and Jemima Kelly

LONDON - Sterling fell from a three-week high against the dollar on Monday, on the news Prime Minister Theresa May will trigger Britain's divorce proceedings with the European Union on March 29, launching two years of negotiations.

May's government said her permanent envoy to the EU had informed European Council Pr

Big banks back off calls for euro-dollar parity

By Patrick Graham

LONDON  - U.S. bank Citi has abandoned its prediction of a fall for the euro to below parity against the dollar, the latest major lender to capitulate on long-term forecasts for a historic change in one of the world's big currency equilibriums.

The shift, sent to clients in a strategy note late on Friday, follows revisions by other

Reinsurers design tailored deals in search of higher returns

By Brenna Hughes Neghaiwi and Paul Arnold

ZURICH - Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought.

This tailor-made approach is part of Swiss Re's response to fierce competit

G20 finance heads to agree on forex, struggle on trade, climate change

By David Lawder and Leika Kihara

BADEN BADEN, Germany - The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, a document showed on Friday, but are likely to struggle to find common ground on trade and financing against climate change.

The difficulty stems from a major shift in the views of the Uni

ECB rate-hike talk sends short-dated bond yields higher

By Dhara Ranasinghe

LONDON - Short-term borrowing costs in Germany hit five-week highs on Friday on comments from ECB policymaker Ewald Nowotny that the bank could raise interest rates before the end of bond-buying stimulus in the bloc.

The Austrian central bank governor told a newspaper on Thursday that the European Central Bank (ECB) would decide later whe

A new breed of sovereign wealth fund - without the wealth

By Claire Milhench

LONDON - Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging - in countries with large deficits and deep debt.

Sovereign wealth funds (SWFs), which first emerged in the 1950s, are traditionally associated with huge financial f

Indian banks' stressed loans rise to $147.33 billion as of December 2016

MUMBAI  - Indian banks had stressed loans of 9.64 trillion rupees ($147.33 billion) as of end-December, Santosh Gangwar, minister of state for finance, told lawmakers on Friday.

As of end-September, the banks' total stressed loans were 8.97 trillion rupees, according to data from the Reserve Bank of India.

Stressed loans include bad loans and restru

Banks outperform weaker European shares on rate hike talk

By Danilo Masoni

MILAN  - European shares inched lower on Friday, led down by export-oriented carmakers and utility stocks, but banks outperformed after an ECB policymaker rekindled talk of a possible rate hike.

ECB policymaker Ewald Nowotny said the central bank will decide at a later time whether to raise interest rates before or after ending its bond

Rupee has gone as high as it should go: Expert

With the rupee recently gaining over other currencies, as also holding its own against the US Dollar following the latest rate cut by the US Fed, a senior consultant said on Thursday that the Indian currency had climbed to optimal levels, while a further rise would affect the country's export competitiveness and hurt the economy.

"To by mind, it (rupee) has really gone as hig

Dollar crunched by cautious Fed, bonds and commodities cheer

By Wayne Cole

SYDNEY  - The dollar nursed painful losses in Asia on Thursday while sovereign bonds savoured their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signalled no pick-up in the pace of tightening.

The euro got an added bonus when returns showed the anti-EU party of Geert Wilders won fewer seats

Norway's $900-billion wealth fund says real estate may lose some of its shine

By Gwladys Fouche

OSLO - Management at Norway's $900-billion sovereign wealth fund, the world's largest, said on Tuesday returns on unlisted property investments may not remain as competitive in the future as they have been recently if interest rates start to rise.

In 2016, the fund invested 19.1 billion crowns ($2.22 billion) in unlisted real estate

Rouble resilient to lower oil prices, market eyes c.bank rate outlook

MOSCOW - The Russian rouble was steady in early trade on Monday, showing strong resilience to the latest wave of declines in prices for crude, Russia's key exports.

At 0842 GMT, the rouble was 0.05 percent weaker against the dollar at 59.03 and had gained 0.03 percent to trade at 63.06 versus the euro.

The rouble came under pressure from falling oil pric

Rupee NDFs rise after Narendra Modi's win in India's biggest state

SINGAPORE  - The Indian rupee rose in non-deliverable forwards trading on Monday, after Prime Minister Narendra Modi's party won a landslide victory in an important battleground state.

Modi's victory in Uttar Pradesh strengthens his claim to a second term in national elections in 2019, and is seen as an endorsement of his economic reform agenda.