Bank of Japan board member Hitoshi Suzuki said the central bank must maintain its massive stimulus program to hit its elusive price target.
Washington about unfair trade has kept Asian policymakers reluctant to openly talk down their currencies despite the dollar’s slump to multi-year lows.
The correction will continue to take place until equity returns balance out with bond yields. That should imply a sustained downward trend in the stock markets.
Global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives.
Central bank head said he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the virtual coins.
The dollar was supported by expectations of a US tax overhaul while a sharp rise in German bond yields helped to underpin the euro.
Asian central banks will tilt to less dovish postures on monetary policy as US interest rates climb next year, putting pressure on domestic bond markets.
Federal Reserve policymaker Charles Evans said Central banks can’t explicitly fight fast rising financial market asset prices.
Gold prices were largely unchanged after the Bank of Japan kept its monetary policy steady, with investors shifting their attention to other central bank meetings.
Distributed ledger technology like blockchain is not mature enough to power the world’s biggest payment systems, though it has the potential to improve system resilience.
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