Euro zone inflation may need more time to rise than anticipated as spare capacity is taking longer to exhaust but the ECB should not accept price growth below its target.
Investors dumped Italy’s govt bonds and rushed to buy high-grade equivalents after the weekend Italian election saw a surge in support for anti-establishment parties.
ECB’s Vitas Vasiliauskas said a rise in euro zone bond yields and the value of the euro currency is a natural reaction to the bloc’s strong economic performance.
Euro zone govt bond yields edged up as market speculation swirled over the next ECB chief at a time when monetary policy is the main threat for bond markets.
German bond yields fell to two-week lows as weaker-than-expected as eased concern that ultra-easy monetary policy in the bloc could end sooner rather than later.
Indias debt capital markets moderated by three percent in 2017 with a year-on-year growth of 16 percent in the value of corporate bonds outstanding as on December 2017.
The issue of impaired assets may be far from over for the banking system as gross non- performing assets have grown by 34.5 percent in the Dec quarter, says a report.
Asian shares flirted with six-week lows as U.S. bond yields crept up towards four-year highs as investors fretted that low borrowing costs enjoyed by companies.
US stocks opened sharply lower on Monday as rising bond yields continued to fuel the selloff in equities and hints of inflation pickup triggered concerns.
Dollar traded above a recent three-year low against a basket of major currencies, having drawn some support from a rise in US bond yields.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months