By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee strengthened on Wednesday, helped by an uptick in most Asian emerging market peers, while traders noted there were some dollar inflows. The rupee finished the session at 81.24 per dollar, recovering from trading near its Tuesday’s close of 81.76 for the better part of the session. …
Rupee firms as Asian currencies rebound; forward premiums jump Read More »
MUMBAI (Reuters) – India’s Shree Cement plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Wednesday. The company will offer a yield of 6.78% on this issue, and has received commitments worth around 1 billion rupees ($12.29 million), the bankers said. The notes are rated A1+ by CRISIL. …
By Jibran Ahmad PESHAWAR, Pakistan (Reuters) – Seeking to force Pakistan to hold an early national election, the opposition party led by former prime minister Imran Khan dissolved its provincial government in Khyber Pakhtunkhwa on Wednesday, three days after doing the same in Punjab province. Under the rules, fresh polls for the two provincial assemblies …
Ex-PM Khan pushes for early Pakistan election by dissolving second provincial govt Read More »
TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield, defying market expectations it would phase out its massive stimulus programme in the wake of rising inflationary pressure. Here are some comments from experts: KEISUKE TSURUTA, FIXED INCOME STRATEGIST AT MITSUBISHI UFJ MORGAN …
Instant View: Bank of Japan keeps yield control policy unchanged Read More »
By Josh Ye HONG KONG (Reuters) -Chinese games publisher NetEase Inc said on Wednesday it has rejected a proposal from Activision Blizzard Inc to extend their long-time partnership for six months as the U.S. game developer looks for a new partner. Blizzard said in November it would end its 14-year partnership with NetEase – a …
NetEase dismisses Activision proposal for temporary extension of ties Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield, defying market expectations it would phase out its massive stimulus programme in the wake of rising inflationary pressure. At a two-day policy meeting, the BOJ kept intact …
BOJ keeps yield control policy unchanged, yen slumps Read More »
By Kevin Buckland TOKYO (Reuters) -Japanese government bond yields remained above the central bank’s 0.5% policy ceiling on Wednesday, after the Bank of Japan unanimously decided to keep its yield curve controls in place. Anticipation had been building for Bank of Japan Governor Haruhiko Kuroda and his colleagues to make a change at Wednesday’s meeting, …
Japan yields stay above policy cap as BOJ sticks to status quo Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to inch up against the dollar on Wednesday, helped by the decline in the USD/INR non-deliverable forwards (NDF). The rupee is expected to open at around 81.60 compared with 81.76 in the previous session. Over the last two sessions, the local currency has come …
Rupee to open higher tracking NDFs, BoJ in focus Read More »
(Corrects par 8, livestream conference on Wednesday, not Thursday) SYDNEY (Reuters) – Fiji’s Prime Minister Sitiveni Rabuka said a public warning to the new government from the military chief had been “dealt with”, and it was unlikely the constitution would be changed to remove the military’s role in the island nation’s democracy. Republic of Fiji …
Fiji military chief warning has been ‘dealt with’ – PM Read More »
BEIJING (Reuters) – Trial projects for the commercialisation of genetically modified corn and soybeans are progressing smoothly, China’s agriculture ministry official said on Wednesday. China’s sow herd at the end of 2022 was slightly higher than reasonable levels, said Zeng Yande, chief agronomist and director of the development planning department at China’s agriculture ministry. (Reporting …
