JAPAN’S finances are becoming increasingly precarious, Finance Minister Shunichi Suzuki warned on Monday (Jan 23), just as markets test whether the central bank can keep interest rates ultra-low, allowing the government to service its debt.
GOLDMAN Sachs’ asset management arm will significantly reduce the US$59 billion of alternative investments that weighed on the bank’s earnings, an executive told Reuters.
THE Treasury Department has about US$500 billion of extraordinary measures available that will allow the US to dodge a payments default as Congress works out an agreement on raising the debt limit, which the nation hit Thursday (Jan 19).
VOLATILITY in the euro has calmed after a tumultuous 2022, and is sliding at the fastest pace ever. This has led some currency players to think the currency is worth starting to bet on in greater swings.
CRYPTOCURRENCY lender Genesis Global Holdco filed for bankruptcy late Thursday (Jan 19), the latest crypto company to do so after the collapse of FTX, the exchange founded by Sam Bankman-Fried.
THE Federal Reserve is set to again slow the pace of its interest rate increases at a Jan 31-Feb 1 policy meeting, while also signalling that its battle against inflation is far from over.
CHINA’S central bank has pumped a record amount of short-term cash into the banking system this week as demand rose following the removal of Covid restrictions and ahead of the Lunar New Year holidays.
THE Australian and New Zealand dollars recovered some ground on Friday after fears of a US recession led markets to price in rate cuts by the Federal Reserve later this year, while local bonds enjoyed a sizeable rally after soft jobs data.
