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Japan’s 40-year bond yield falls after strong auction outcome
Author of the article: Published Mar 28, 2023 • 1 minute read TOKYO — Japan’s 40-year government bond yield fell sharply on Tuesday after an auction drew strong demand, while yields on some shorter notes tracked U.S. Treasury peers higher. The 40-year JGB yield fell 7 basis points (bps) to 1.550%. Financial Post Top Stories…
Australian bank worries turn from chaos overseas to profits at home
Author of the article: Reuters Lewis Jackson and Byron Kaye Published Mar 28, 2023 • 2 minute read SYDNEY — Australia’s biggest lenders said on Tuesday the domestic financial sector was unlikely to be caught in turmoil engulfing rivals in the US and Europe, but warned that raging competition to sell home loans and attract…
Cryptoverse: Buoyant bitcoin’s losing its liquidity
Author of the article: Reuters Medha Singh and Lisa Pauline Mattackal Published Mar 28, 2023 • 3 minute read Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings. The price of…
EU Aims to Give Members Option to Block Russian LNG Imports
The European Union is targeting a way to let member states have the option to effectively ban Russian shipments of liquefied natural gas without implementing new energy sanctions. Author of the article: Bloomberg News Ewa Krukowska and John Ainger Published Mar 28, 2023 • 3 minute read The pipes of the BW INTEGRITY floating storage…
Euro 7 emissions proposals, the sequel Europe’s carmakers don’t want to see
Author of the article: Reuters Christina Amann and Marie Mannes Published Mar 28, 2023 • 3 minute read BERLIN/STOCKHOLM — European carmakers are fighting back against proposed emission regulations they argue are too costly, rushed and unnecessary, but which the European Commission says are needed to cut harmful emissions and prevent a repeat of the…
Oil Fluctuates After Weekly Gain as Slowdown Concerns Linger
Oil extended a weekly gain as investors braced for further volatility amid the fallout from the banking crisis rippling across markets. Author of the article: Bloomberg News Yongchang Chin Published Mar 26, 2023 • Last updated 31 minutes ago • 1 minute read Unionists take part in a strike at the Exxon-Mobil Port Jerome Gravenchon refinery,…
Microsoft threatens to restrict data from rival AI search tools- Bloomberg News
Author of the article: Published Mar 26, 2023 • 1 minute read Microsoft Corp has threatened to cut off access to its internet-search data, which it licenses to rival search engines, if they do not stop using it as the basis for their own artificial intelligence chat products, Bloomberg News reported on Friday. The company…
Corn inches lower, but China demand limits fall
Author of the article: Published Mar 26, 2023 • 1 minute read SINGAPORE — Chicago corn futures inched lower on Monday, retreating from a more than three-week high hit in the previous session as traders assessed uncertainties about the Black Sea grains deal, although strong Chinese demand lent some support to the market. Soybean and…
Copper holds steady; LME nickel resumes Asian hours trading
Author of the article: Published Mar 26, 2023 • 1 minute read BEIJING — Copper traded within a narrow range on Monday as investors gauged metals stocks against global economic headwinds, while the nickel contract on the London Metal Exchange (LME) resumed its Asian hours trading after over a year. Three-month copper on the LME…
Japan’s business services prices perk up near BOJ’s inflation target
Author of the article: Published Mar 26, 2023 • 2 minute read TOKYO — Japan’s business-to-business services inflation picked up in February on a tourism rebound and rising labor costs, data showed, offering the central bank hope that steady wage hikes would aid in sustainably hitting its 2% inflation target. With inflation already exceeding the…