Bloomberg China puts Australia on alert with push to diversify iron ore (Bloomberg) – Beijing shed light on trade tensions with its main raw materials supplier Australia after the government’s economic planning agency said it was looking to diversify the supply of iron ore from China. Chinese companies should boost domestic exploration for steel...
Read MoreClimate change is no longer a moot issue, with some research models suggesting that up to a quarter of global GDP – currently around $ 80 billion – could be lost if no action is taken to reduce dioxide emissions of carbon.All over the world, central banks, policymakers and investors are realizing the reality.Certainly,...
Read MoreImposes an administrative penalty on S&S Brokerage House. The Central Bank of the United Arab Emirates (CBUAE) said on Tuesday it had imposed administrative sanctions on the & S Brokerage House operating in the country and also revoked its license for violating the rules. The regulator said in a statement that S&S Brokerage House...
Read MoreThe Reserve Bank of Australia has said it will pay “close attention” to economic data and financial market conditions when it decides to extend its target maturity date and undertake further quantitative easing. The RBA is to call at its July 6 meeting on whether to move the three-year yield target to the November...
Read MoreRegister now to our Next Africa newsletter and follow Bloomberg Africa on Twitter Central bankers in eight countries in sub-Saharan Africa are expected to keep interest rates unchanged for the next two weeks, as the slow rollout of Covid-19 vaccines means their economies remain vulnerable to a new wave of the virus. After the...
Read MoreThe National Bank of Romania (BNR) has revised upwards its headline inflation projections for the end of 2021 to 4.1% (+ 0.7 pp compared to the previous scenario) and for the end of 2022 to 3% (+ 0.2 pp). While one-off shocks will lead to transient effects this year, the economic recovery (and possibly...
Read MoreNo former contractual or permanent manager of a programmed bank would be allowed to serve as a director in the bank, according to a directive from the Bangladesh Bank. The central bank issued the directive as several former bank employees hold directorships at banks they previously served, a senior BB official said. The official...
Read MoreBond markets are notorious for pushing their agenda forward, and in Eastern Europe right now they’re pushing for rate hikes, not to mention what central banks have to say about it. Bond yields from Hungary and Poland are rising faster than anywhere else in Europe. Hungary jumped 32 basis points last week, signaling traders...
Read MoreSubscribe to the New Economy Daily newsletter, follow us @economy and subscribe to our Podcast. China’s robust economic momentum appears to have continued into the second quarter as its factory-led recovery spread to the consumer – while strengthening inflationary pressures. Industrial production likely rose 10% in April from a year earlier, while retail sales...
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