WORLD MARKET NEWS - Page 4

Israel previously tapped global markets in 2020, prior to the coronavirus pandemic when the country raised $3 billion in 10- and 30-year bonds at 200 basis points over Treasuries. (Image: Pexels)

Israel sells $2 billion of 10-year green bonds at 95 basis points over US Treasuries

January 12, 2023 08:13 IST

Israel became the 24th country that has sold "green" bonds, typically sold to finance ecologically friendly projects.

A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan. (REUTERS, representational)

Japan considers green transition bonds issuance for next fiscal year

January 12, 2023 08:16 IST

Japan plans to issue 1.6 trillion yen of such bonds in the fiscal year that ends April 2024, with an eye on those with maturity of 10 years and 20 years.

The S&P/ASX 200 index ended 0.6% higher at 7,151.30 points, its highest since Dec. 22, 2022, as heavyweight miners and energy stocks helped the benchmark log its fourth straight session of gains. (Image: Pexels, representational)

Australian shares end at over two-week high on miners, energy boost

January 9, 2023 15:05 IST

Miners lead gains on firm iron ore prices; gold stocks up on rising bullion prices; benchmark gains for fourth straight day.

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 6, 2023. (REUTERS)

Around 40% of German companies expect output decline in 2023: IW institute

January 9, 2023 14:56 IST

A survey of around 2,500 companies by the German Economic Institute showed that around a third of companies expect output to stagnate and the remaining quarter predict business will grow

Alpaslan Cakar, the CEO or Turkey's biggest bank Ziraat and chairman of the Board of the Banks Association of Turkey, poses during an interview with Reuters in Istanbul, Turkey, December 23, 2022. (REUTERS)

CEO of Turkey’s top bank says capital boost to help it drive economy in 2023

January 9, 2023 14:49 IST

Ziraat CEO says state banks spearheading economic drive; no detail yet on expected size of capital increase for lenders; confirms banks seeking clearance to pay; dividends in 2023; though expects sector's profits to fall after bumper 2022

Malaysia's Prime Minister Anwar Ibrahim and Indonesian President Joko Widodo talk while riding in a buggy during their meeting at the Presidential Palace in Bogor, Indonesia, January 9, 2023. (REUTERS)

Malaysia pledges to invest in Indonesia’s new capital Nusantara

January 9, 2023 14:41 IST

Malaysian PM Anwar Ibrahim made his first overseas trip to Jakarta since taking office in November, saying at least 10 Malaysian companies have committed to invest in Nusantara, the new capital that was chosen in 2019 to replace Jakarta.

Fed wants ‘flexibility’ on rates as inflation remains key focus, minutes show

January 5, 2023 10:50 IST

The minutes put a premium on explaining that the decision to move to smaller rate increases should not be construed by investors or the public at large as a weakening of the Fed's commitment to bring inflation back to its 2% target.

US Dollar and Chinese Yuan banknotes are seen in this illustration picture. (REUTERS, file)

China reopening hopes lift risk sentiment ahead of Fed minutes

January 4, 2023 15:09 IST

State media in China pledged a "final victory" over the epidemic, boosting market bets that China's relaxation of rules and reopening was irreversible.

People walk along a street in a shopping district in central London, January 2, 2023. (AP)

Inflation drives Britain’s record Christmas grocery sales

January 4, 2023 14:56 IST

UK grocery sales rose 9.4 per cent to a record 12.8 billion pounds ($15.3 billion) in the four weeks to December 25.

South Korea predicts lower 2023 GDP growth, vows to support exporters

December 21, 2022 11:08 IST

It is the first full-year economic blueprint for President Yoon Suk-yeol's administration since its launch in May. Yoon has recently said his government would focus policy support on reviving the economy by boosting exports.

Bank of Japan jolts markets in surprise change to yield curve policy

December 20, 2022 14:10 IST

Shares tanked, while the yen and bond yields spiked following the decision, which caught off-guard investors who had expected the BOJ to make no changes to its yield curve control (YCC) until Governor Haruhiko Kuroda steps down in April.

Elon Musk cashes out another $3.6 billion in Tesla stock

December 16, 2022 10:57 IST

The sale is the second big chunk of stock he has cashed out since his $44 billion purchase of Twitter in October, despite his repeated assurance in April that he was done selling Tesla shares.

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US Fed’s Powell says inflation battle not won, more rate hikes coming

December 15, 2022 10:34 IST

He described the slow rate of economic growth penciled in by Fed officials next year as still "modest."

Shoppers in New York, Nov. 25, 2022. At this time last year, economists were predicting that inflation would swiftly fade in 2022 as supply chain issues cleared, consumers shifted from goods to services spending and pandemic relief waned Ñ they are now forecasting the same thing for 2023, citing many of the same reasons. (Mathias Wasik/The New York Times)

Inflation forecasts were wrong last year. Should we believe them now?Subscriber Only

December 13, 2022 15:21 IST

Economists expect fresh data scheduled for release on Tuesday to show that the Consumer Price Index climbed by 7.3% in the year through November.

SoftBank’s Masayoshi Son quietly raises stake in the group to 34%, edging towards buyoutSubscriber Only

December 8, 2022 17:23 IST

Under Japanese law, Son gains additional rights after breaching one-third ownership. The 65-year-old wields more control over asset sales, some buybacks, mergers and corporate bylaws by having the power to veto any special resolution put before shareholders by activist investors.

US Fed’s Powell: Rate hikes to slow, but adjustment just beginning

December 1, 2022 11:07 IST

In an hour-long session of prepared remarks and questions at the Brookings Institution think tank - his last scheduled appearance before the central bank's next meeting in two weeks - Powell gave a short-term message that sent markets soaring

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China stocks plummet, yuan drops on Covid protests

November 28, 2022 10:24 IST

China's blue-chip CSI 300 Index fell as much as 2.7% in early trade, on track for its worst day in a month. Hong Kong's Hang Seng Index plunged as much as 4.2%.

Asian shares gain despite a rise in Chinese Covid cases

November 23, 2022 08:38 IST

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3%, after U.S. stocks ended the previous session with gains. The index is up 12% so far this month.

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Elon Musk sells $3.95 billion of Tesla stock after buying TwitterSubscriber Only

November 9, 2022 10:37 IST

Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August. The documents didn’t indicate that the transactions were pre-planned.

Buildings are reflected in a window in Beijing, China, on Monday, Oct. 24, 2022. (Bloomberg)

How a mysterious screenshot spurred a $450 billion rally in ChinaSubscriber Only

November 2, 2022 22:34 IST

The post gained more traction when it was shared at 11:26 a.m. by “96 Old Stock Trader” on Xueqiu, a Chinese-language financial platform. Less than 20 minutes later, prominent Hong Kong-based economist Hong Hao tweeted something similar -- and stocks in the MSCI China Index were well on their way to a $320 billion rally. More gains on Wednesday brought the two-day total to $450 billion.

US Fed seen aggressively hiking rate to 5%, triggering global recessionSubscriber Only

November 2, 2022 11:07 IST

The Federal Open Market Committee will raise rates by 75 basis points for a fourth consecutive meeting when policymakers announce their decision at 2 p.m. in Washington Wednesday, the survey found.

Lit torches are distributed to protesters, mainly relatives of those who disappeared amidst Sri Lanka's civil war, during a protest in Kilinochchi, Northern Province, Sri Lanka, on August 12, 2022. (REUTERS/Joseph Campbell)

Sri Lanka’s key inflation rate eases to 66% in October

October 31, 2022 17:39 IST

The still extremely elevated Colombo Consumer Price Index (CCPI) reflected a 85.6% jump in food prices in October and a 56.3% climb in the non-food group, the Census and Statistics Department said in a statement.

Amazon shares slump, Big Tech peers stay afloat

October 28, 2022 22:03 IST

The online retailer, whose market cap briefly fell below $1 trillion, was last down 8.4% at $101.66, after hitting its lowest since April 2020.

Investors punish Zuckerberg as costly metaverse pitch falls flat

October 27, 2022 15:56 IST

One Meta shareholder had recently voiced concerns calling the company's investments "super-sized and terrifying".

Global economy approaching a recession, central banks unchained: Poll

October 26, 2022 11:14 IST

One bright spot is that most major economies already in a recession or heading into one are starting with relatively low unemployment compared with previous downturns. Indeed the latest poll expects the smallest gap between growth rates and joblessness in at least four decades.