The Japanese yen weakened on Friday as a downward spiral in U.S. Treasury yields ran out of steam and risk appetite began to recover, but the currency was still on track for its biggest weekly gain since November.
G20 finance ministers are to push for unresolved issues in a proposed global corporate tax overhaul to be ironed out by October, and are urging holdouts to join the deal, according to the latest version of their statement from a meeting in Venice.
REUTERS: Global bond funds lured the biggest weekly inflow in more than three months as investors rushed for safety amid concerns that the spreading Delta coronavirus variant could cause the economic recovery to stall. According to Refinitiv Lipper data, global bond funds received inflows ...
Taiwan's Foxconn on Friday signaled that it has decided to build electric vehicles in the U.S. state of Wisconsin.
Tokyo Stock Exchange said on Friday that about 30per cent of the stocks listed on its main section do not meet new criteria which are planned to take effect on the rebranded "prime market" in April.
World stocks steadied, Treasury yields bounced and the dollar held firm on Friday as markets took a cautious breather in the face of fresh concerns over the pace of the world's economic recovery from COVID-19.
Taiwan's Foxconn on Friday signaled that it has decided to build electric vehicles in the U.S. state of Wisconsin.
China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan (US$154.19 billion) in long-term liquidity to help underpin an economic recovery that is starting to lose momentum.
China's outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, rose 11per cent to 301.56 trillion yuan (US$46.49 trillion) at the end of June from a year earlier, the central bank said on Friday.
LONDON: Investors kept on injecting more cash into fixed income funds, BofA's latest fund flow statistics showed on Friday, amid a bond rally which pushed 10-year U.S. government bond yields below 1.3per cent. Bond funds attracted US$18.4 billion in the week to Wednesday, the highest inflow ...
